Collaborative Robot Market

Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 Kg, 5-10 kg, 10-20 kg, more than 20 kg), Component, Robotic Arm, End Effectors, Drives, Controllers, Sensors, Power Supply, Motors, Software), Application, Industry and Region - Global Growth Driver and Industry Forecast to 2029

Report Code: SE 4480 Jul, 2023, by marketsandmarkets.com

The global collaborative robot market size was valued at USD 1.2 billion in 2023 and is estimated to reach USD 6.8 billion by 2029, registering a CAGR of 34.3% during the forecast period.

The growth of the collaborative robot market is governed by increased demand in e-commerce and logistics industries and by high return on investment compared to traditional industrial robotic systems.

Collaborative Robot Market

Collaborative Robot Market

Collaborative Robot Market Forecast to 2029

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Market Dynamics:

Drivers: Increased demand in the e-commerce and logistics industries

The e-commerce and logistics industries are witnessing increased adoption of industrial automation. Given the current growth rates in e-commerce, demand for warehouse labor is expected to increase manifold in the coming decade. Warehousing operations around the globe are swiftly changing because of E-commerce. Factors such as disrupted supply chains, overcrowded ports, and The Great Resignation have pushed warehouses and fulfillment centers to focus on solutions to their need for more seamless order fulfillment and logistics processes. To adjust to the increased demand, businesses are turning to automated systems. One of the ways that logistics and supply chain companies are improving their warehouse operations is by utilizing collaborative robots. In traditional warehousing operations, human workers perform repetitive and menial tasks such as picking and packing. In large warehouses, this not only impacts workforce efficiency and productivity but also the health and safety of workers. Performing repetitive tasks for long periods of time can lead to overexertion and injury. These injuries can lead to missed work days for employees and businesses paying out workers' compensation benefits.

Restraint: Higher preference for low payload capacity traditional industrial robots over cobots in heavy-duty industries

Traditional industrial robots are better equipped to handle heavier and larger materials and objects like those used in heavy-duty industries such as automotive, metals, and machinery manufacturing, owing to their greater payload capacities than cobots. Heavy-duty industries prefer to employ traditional industrial robots for automating their manufacturing operations. To operate safely in the work environment, cobots are designed to be less powerful compared to traditional industrial robots, making them less appropriate for heavy-duty applications. On the other hand, traditional industrial robots are heavy-duty robots with high payloads that can tackle dangerous, repetitive, and heavy applications. These robots are commonly used for conventional work like assembly, pick-and-place, and palletizing in many industries. The lower power of collaborative robots limits the applications in heavy-duty manufacturing industries.

Opportunity: Growing demand for automation in the healthcare industry

There is an increasing adoption of robots for automation in the medical sector. The incorporation of robotics in healthcare environments is becoming increasingly common. The ability of collaborative robots to work with healthcare professionals safely and efficiently has opened up new possibilities for enhancing patient care, improving operational efficiency, and addressing workforce challenges. Collaborative robots can be used as telepresence devices to enable remote consultations and care. They can be equipped with cameras, screens, and speakers, allowing healthcare professionals to interact with patients in real-time, regardless of geographical distances. This technology is particularly useful in providing care to patients in remote areas or those with limited mobility. Cobots can assist surgeons in various ways during surgical procedures. They can hold and position instruments, provide a stable platform for precise surgical maneuvers, and perform repetitive tasks with high accuracy. Additionally, cobots can be equipped with imaging technologies, such as ultrasound or endoscopic cameras, to assist in visualization during minimally invasive surgeries.

Challenge: Payload and speed limitations of collaborative robots owing to their inherent design

Most collaborative robots are generally limited to a maximum payload of 15 kg or less. An increase in payload often results in a decrease in the repeatability of the robot and an increase in weight due to the added sensors; hence, most collaborative robots are used for low-payload applications. Collaborative robots are also designed to move at the speed of a human arm, which enables them to be deployed safely alongside a human. Designers of cobots have had to factor in performance restrictions in the robot’s mechanical design, particularly in the motorized robot joints. Although an inherent quality, such speed restrictions decrease robot throughput and increase cycle time. For instance, the low speed of collaborative robots limits some applications in food and beverage applications, where the robot may not be able to keep up with the speed of the process line. Hence, collaborative robots will not be able to replace traditional industrial robots, and as such in many industrial applications requiring high speed and increased payload.

Collaborative Robot Ecosystem

Collaborative Robot Market by Ecosystem

Collaborative Robot Market Statistics for Ecosystem

Hardware segment to hold the largest collaborative robot market share during the forecast period.

The hardware component contributed a larger share for the collaborative robot (cobot) market in 2022 and is expected to dominate the market during the forecast period. The hardware system consists of robotic arms, end effectors, controllers, drives, sensors, motors, and power supply, and accounts for a major part of the cost of a collaborative robot. There is a surge in the market for robot accessories, such as end effectors and controllers, in recent years. End effectors are expected to achieve a higher level of technological sophistication in the future as machine learning software and safety features are increasingly being combined within the End of Arm Tooling (EOAT) itself. Following Industrial 4.0, which facilitates flawless communication and superior data optimization and collection, sustainability continues to spread wide in the robotic End of Arm Tooling (EOAT) industry, thereby driving developments in the collaborative robot (cobot) market. Apart from the end effectors, there also has been a rise in the demand for the adoption of vision systems into collaborative robots to facilitate remote monitoring of industrial operations located in remote and hard-to-reach locations. Thus, the individual demand for each of the hardware segments, such as the robotic arm, controllers, and end effectors, contributes to the overall demand for the hardware for collaborative robots (cobots).

Assembling & Disaasembling application to account for the significant share of the collaborative robot market for during the forecast period

The assembling & disassembling application segment held the second-largest share of the collaborative robot industry in 2022 and is estimated to grow at the highest CAGR during the forecast period. The assembling and disassembling application includes sub-types such as screwdriving and nut fastening. Due to the fact that collaborative robots provide a greater degree of repeatability (upto as low as 0.1 mm) than traditional handheld screwdriving systems; they provide the right torque and depth, can work alongside workers and can be easily integrated with the vision system, makes them ideal for HRC assembling and disassembling applications. The electronics industry is driving demand for robotic screwdriving, mainly due to the low weight of electronic items such as smartphones and hard drives. Regarding nut-fastening applications, collaborative robots are widely adopted for this application in automotive industries for fastening the nuts of medium and large-sized workpieces such as fluid-carrying components and transmission components during vehicle assembly. As a result, the electronics and automotive industries majorly deploy collaborative robots for undertaking the assembling and disassembling applications.

Logistics industry segment to exhibit significant growth in terms of collaborative robot market during the forecast period

The collaborative robot market for logistics end-user segment is expected to grow significantly during the forecast period.Collaborative robots have gained significant traction in the field of logistics. Collaborative robots used in logistics are most commonly used to pick and place objects. They’re often deployed in large warehouses or fulfillment centers where accurate, consistent, and quick movement of goods proves challenging. Collaborative logistics robots used in warehousing and fulfillment processes can significantly increase productivity, reduce wasted motions, generate labor savings, and improve the overall safety of a facility. Cobots are employed in order picking and fulfillment processes. The collaborative robots can navigate through warehouse aisles, locate the required items, and deliver them to human operators for verification and packing. This collaborative approach increases picking accuracy, minimizes errors, and accelerates order processing times. Cobots can assist in inventory management by conducting regular stock-taking activities. Collaborative robots, equipped with sensors and cameras, can scan barcodes, RFID tags, or visual markers to identify and count items on shelves or storage areas, helping maintain accurate inventory records.

Collaborative robot market in Asia Pacific estimated to grow at the fastest rate during the forecast period

The collaborative robot market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Major countries in the Asia Pacific, such as China, India, Japan, and South Korea, have a huge potential for adopting collaborative robots. Some of the major drivers responsible for spurring the demand for cobots in Asia Pacific include growing industrialization, digitization, shortage of labor, aging population, and rising demand for automation technologies.

Collaborative Robot Market by Region

Collaborative Robot Market by Region

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Collaborative Robot Market Key Players

Major vendors in the collaborative robot companies include Universal Robots A/S (Denmark), FANUC Corporation (Japan), ABB (Switzerland), Techman Robot Inc (Taiwan), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (Japan), Yaskawa Electric Corporation (Japan), AUBO (Beijing) Robotics Technology Co., Ltd (China), and Rethink Robotics GmbH (US). Other players include Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), Comau S.p.A. (Italy), F&P Robotics AG (Switzerland), Stäubli International AG (Switzerland), Bosch Rexroth AG (Germany), Productive Robotics, LLC (US), Wyzo (Switzerland), Neura Robotics GmbH (Germany), Elephant Robotics (China), Elite Robot (China), Kassow Robots (Denmark), Siasun Robot & Automation Co. Ltd. (China), MIP Robotics (France), and Hanwha Corporation (South Korea) are some of the key players in the collaborative robot market.

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Scope of the Report

Report Metric

Details

Estimated Market Size

USD 1.2 Billion

Projected Market Size

USD 6.8 Billion

Growth Rate

34.3%

Market size available for years

2019—2029

Base year

2022

Forecast period

2023—2029

Segments covered

Payload,  Component, Application, Industry, and Region

Geographic regions covered

North America, Europe, Asia Pacific, and RoW

Companies covered

Universal Robots A/S (Denmark), FANUC Corporation (Japan), ABB (Switzerland), Techman Robot Inc (Taiwan), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (Japan), Yaskawa Electric Corporation (Japan), AUBO (Beijing) Robotics Technology Co., Ltd (China), and Rethink Robotics GmbH (US). Other players include Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), Comau S.p.A. (Italy), F&P Robotics AG (Switzerland), Stäubli International AG (Switzerland), Bosch Rexroth AG (Germany), Productive Robotics, LLC (US), Wyzo (Switzerland), Neura Robotics GmbH (Germany), Elephant Robotics (China), Elite Robot (China), Kassow Robots (Denmark), Siasun Robot & Automation Co. Ltd. (China), MIP Robotics (France), Hanwha Corporation (South Korea), Kawasaki Robotics (US), Dobot Robotics (China), Jaka Robotics  (China), Huiling-Tech Robotic Co, Ltd (HITBOT) (China)

Collaborative Robot Market Highlights

This research report categorizes the collaborative robot market based on payload, component, application, industry,  and Region.

Segment

Subsegment

By Component:

  • Hardware
    • Robotic Arm
    • End Effector or End of Arm Tool (EOAT)
    • Welding Guns
    • Grippers
    • Drives
    • Controllers
    • Sensors
    • Power Supply
    • Motors
    • Others (PCBs, diodes, relays, transformers, resistors, rectifiers, capacitors, cables, vision systems, and connectors)
  • Software

By Payload:

  • Up to 5 Kg
  • 5-10 Kg
  • 10-20 Kg
  • More than 20 Kg

By Application:

  • Handling
  • Welding and Soldering
  • Assembling and Disassembling
  • Dispensing
  • Processing
  • Others (Inspection and Quality testing, and Die-casting and Molding.)

By Industry

  • Automotive
  • Electronics
  • Metals and Machining
  • Plastics and Polymers
  • Food and Beverages
  • Furniture and Equipment
  • Healthcare
  • Logistics
  • Others (Scientific Research, Education, Consumer goods, and Die cast and Foundry)

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • South Korea
    • Japan
    • Taiwan
    • Thailand
    • India
    • Rest of Asia Pacific
  • RoW
    • Middle East and Africa
    • South America

Recent Developments

  • In May 2023, Universal Robots A/S (Denmark) announced a partnership with Denali Advanced Integration, a leading services and global technology integrator. Denali has become Universal Robots’ biggest Certified Solution Partner (CSP). It is now expected to use its unparalleled integration expertise and market reach to bring Universal Robots’ cobot technology to major business across the globe as part of its new Automation-As-A-Service (AaaS) portfolio, which it announced in April. This will offer large scale companies end-to-end integration and service support and corresponds with a growing interest from large businesses in cobot automation.
  • In October 2022, ABB (Switzerland) entered a strategic partnership with US-based startup Scalable Robotics to enhance its user-friendly robotic welding systems portfolio. Through 3D vision and embedded process understanding, the Scalable Robotics technology allows customers to easily program welding robots without coding.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 SCOPE OF STUDY 
           1.3.1 MARKETS COVERED
                    FIGURE 1 COLLABORATIVE ROBOT (COBOT) MARKET: MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 INCLUSIONS AND EXCLUSIONS
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 RECESSION ANALYSIS 
           FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
           FIGURE 3 COLLABORATIVE ROBOT (COBOT) MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Interviews with experts
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to capture market size by bottom-up analysis (demand side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to capture market size using top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ASSESSMENT 
           2.5.1 IMPACT OF RECESSION
    2.6 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 52)
    3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
           FIGURE 8 COBOTS WITH PAYLOAD CAPACITY OF UP TO 5 KG TO DOMINATE COLLABORATIVE ROBOT (COBOT) MARKET IN 2029
           FIGURE 9 SOFTWARE COMPONENTS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           FIGURE 10 HANDLING SEGMENT TO LEAD COLLABORATIVE ROBOT (COBOT) MARKET IN 2029
           FIGURE 11 ELECTRONICS INDUSTRY TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
           FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL COLLABORATIVE ROBOT (COBOT) MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 MAJOR OPPORTUNITIES FOR PLAYERS IN COLLABORATIVE ROBOT (COBOT) MARKET 
           FIGURE 13 INCREASED DEMAND FOR COBOTS IN AUTOMOTIVE AND ELECTRONICS INDUSTRIES TO FUEL MARKET GROWTH
    4.2 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD 
           FIGURE 14 MARKET FOR COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY OF MORE THAN 20 KG TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION 
           FIGURE 15 HANDLING APPLICATIONS TO BE LARGEST MARKET SEGMENT IN 2023
    4.4 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY 
           FIGURE 16 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT (COBOT) MARKET IN 2023
    4.5 COLLABORATIVE ROBOT (COBOT) MARKET IN ASIA PACIFIC, BY INDUSTRY AND COUNTRY 
           FIGURE 17 AUTOMOTIVE SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF COLLABORATIVE ROBOT (COBOT) MARKET IN 2022
    4.6 COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY 
           FIGURE 18 COLLABORATIVE ROBOT (COBOT) MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 COLLABORATIVE ROBOT (COBOT) MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Higher return on investment than traditional industrial robotic systems
                    5.2.1.2 Increased demand in e-commerce and logistics sectors
                               FIGURE 20 GLOBAL E-COMMERCE SALES, BY COUNTRY, IN 2022
                    5.2.1.3 Significant benefits in businesses of all sizes
                    5.2.1.4 Easy programming of cobots
                               FIGURE 21 COLLABORATIVE ROBOT (COBOT) MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher preference for low-payload-capacity robots in heavy-duty industrial applications
                               FIGURE 22 COLLABORATIVE ROBOT (COBOT) MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing focus of automation experts on pairing robotic arms with mobile platforms such as AMRs or AGVs
                    5.2.3.2 Growing number of subscriptions for Raas model
                    5.2.3.3 Eising demand for automation in healthcare industry
                               FIGURE 23 COLLABORATIVE ROBOT (COBOT) MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Payload and speed limitations of collaborative robots owing to their inherent design
                    5.2.4.2 Difficulties in adapting to new standards and cybersecurity challenges related to connected robots
                               FIGURE 24 COLLABORATIVE ROBOT (COBOT) MARKET: CHALLENGES AND THEIR IMPACT
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR COLLABORATIVE ROBOT PROVIDERS
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 26 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING MANUFACTURING AND RESEARCH AND DEVELOPMENT STAGES
    5.5 ECOSYSTEM MAPPING 
           FIGURE 27 ECOSYSTEM OF COLLABORATIVE ROBOTS
                        TABLE 1 COLLABORATIVE ROBOT (COBOT) MARKET: ECOSYSTEM
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 KEY TECHNOLOGY
                    5.6.1.1 Integration of embedded vision with collaborative robots
                    5.6.1.2 Pairing of collaborative robots with mobile platforms
           5.6.2 COMPLEMENTARY TECHNOLOGY
                    5.6.2.1 Penetration of IIoT and AI in industrial manufacturing
                    5.6.2.2 Adoption of innovative grippers in robotics manipulation
           5.6.3 ADJACENT TECHNOLOGY
                    5.6.3.1 Penetration of 5G in industrial manufacturing
    5.7 CASE STUDY ANALYSIS 
           5.7.1 AUTOMOTIVE MANUFACTURER DOUBLES PRODUCTIVITY WITH COBOTS
           5.7.2 COBOTS HELP DELIVER UNCOMPROMISED QUALITY AND SAFETY TO GLOBAL LEADER IN CARDIAC SURGERY EQUIPMENT
           5.7.3 COBOT HELPS DUTCH MANUFACTURER ACHIEVE SMART AUTOMATION
           5.7.4 AUTOMOTIVE PARTS MANUFACTURER ENHANCES PRODUCTIVITY BY UTILIZING COBOTS
           5.7.5 COBOTS HELP SHIPBUILDING PARTS MANUFACTURER TO ACHIEVE LOW-COST PRODUCTION THROUGH AUTOMATION
    5.8 PATENT ANALYSIS 
           TABLE 2 PATENT REGISTRATIONS RELATED TO COLLABORATIVE ROBOT (COBOT) MARKET
           FIGURE 28 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2023
           FIGURE 29 TOP 10 COMPANIES WITH HIGHEST PERCENTAGE OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 3 TOP 10 PATENT OWNERS IN US IN LAST 10 YEARS
    5.9 TRADE ANALYSIS 
           5.9.1 IMPORT SCENARIO
                    5.9.1.1 Import scenario for industrial robots
                               TABLE 4 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
           5.9.2 EXPORT SCENARIO
                    5.9.2.1 Export scenario for industrial robots
                               TABLE 5 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
           5.9.3 TARIFF ANALYSIS
                    TABLE 6 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY JAPAN, 2022
                    TABLE 7 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY GERMANY, 2022
                    TABLE 8 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY ITALY, 2022
    5.10 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 9 COLLABORATIVE ROBOT (COBOT) MARKET: LIST OF CONFERENCES AND EVENTS
    5.11 REGULATORY LANDSCAPE 
           5.11.1 REGULATORY COMPLIANCE
                    TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.11.2 STANDARDS AND REGULATIONS RELATED TO COLLABORATIVE ROBOTS
                    TABLE 14 NORTH AMERICA: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 15 EUROPE: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 16 ASIA PACIFIC: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 17 ROW: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
    5.12 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 18 COLLABORATIVE ROBOT (COBOT) MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 30 COLLABORATIVE ROBOT (COBOT) MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%)
           5.13.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
                    TABLE 20 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
    5.14 PRICING ANALYSIS 
           TABLE 21 SELLING PRICE OF COLLABORATIVE ROBOTS
           5.14.1 AVERAGE SELLING PRICE TREND
                    FIGURE 33 COLLABORATIVE ROBOT (COBOT) MARKET: AVERAGE SELLING PRICE OF COBOTS
                    TABLE 22 AVERAGE SELLING PRICE OF VARIOUS COLLABORATIVE ROBOTS BASED ON PAYLOAD CAPACITY
           5.14.2 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS, BY PAYLOAD
                    FIGURE 34 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS, BY PAYLOAD
                    TABLE 23 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS WITH VARIOUS PAYLOAD CAPACITIES (USD)
 
6 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD (Page No. - 106)
    6.1 INTRODUCTION 
           FIGURE 35 COLLABORATIVE ROBOT (COBOT) MARKET: BY PAYLOAD
           FIGURE 36 UP TO 5 KG SEGMENT TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT (COBOT) MARKET IN 2029
           TABLE 24 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 25 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 26 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 27 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
    6.2 UP TO 5 KG 
           6.2.1 INHERENT SAFETY OF COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG TO DRIVE MARKET
                    TABLE 28 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG
                    TABLE 29 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 30 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                    TABLE 31 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (UNITS)
                    TABLE 32 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (UNITS)
                    TABLE 33 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                    TABLE 34 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
    6.3 5–10 KG 
           6.3.1 UTILIZATION OF COBOTS WITH PAYLOAD CAPACITY OF 5–10 KG IN FACTORY AUTOMATION TASKS TO SUPPORT MARKET GROWTH
                    TABLE 35 COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY
                    TABLE 36 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 37 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                    TABLE 38 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (UNITS)
                    TABLE 39 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (UNITS)
                    TABLE 40 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                    TABLE 41 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
    6.4 10–20 KG 
           6.4.1 DEPLOYMENT OF COBOTS WITH PAYLOAD CAPACITY OF 10–20 KG IN WIDE RANGE OF APPLICATIONS TO DRIVE MARKET
                    TABLE 42 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF 10–20 KG
                    TABLE 43 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 44 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                    TABLE 45 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (UNITS)
                    TABLE 46 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (UNITS)
                    TABLE 47 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                    TABLE 48 10–20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
    6.5 MORE THAN 20 KG 
           6.5.1 NEED FOR COBOTS WITH MORE THAN 20 KG PAYLOAD CAPACITY IN PHYSICALLY DEMANDING TASKS TO PROPEL MARKET
                    TABLE 49 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF MORE THAN 20 KG
                    TABLE 50 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 51 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
                    TABLE 52 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (UNITS)
                    TABLE 53 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (UNITS)
                    TABLE 54 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                    TABLE 55 MORE THAN 20 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
 
7 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT (Page No. - 126)
    7.1 INTRODUCTION 
           FIGURE 37 COLLABORATIVE ROBOT (COBOT) MARKET: BY COMPONENT
           FIGURE 38 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT (COBOT) MARKET DURING FORECAST PERIOD
           TABLE 56 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
           TABLE 57 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT, 2023–2029 (USD MILLION)
    7.2 HARDWARE 
           TABLE 58 COLLABORATIVE ROBOT (COBOT) MARKET, BY HARDWARE, 2019–2022 (USD MILLION)
           TABLE 59 COLLABORATIVE ROBOT (COBOT) MARKET, BY HARDWARE, 2023–2029 (USD MILLION)
           7.2.1 ROBOTIC ARMS
           7.2.2 END EFFECTORS OR END OF ARM TOOLS (EOATS)
                    7.2.2.1 Welding guns
                               7.2.2.1.1 Ease of welding tasks due to hand guidance feature in collaborative robots
                                            TABLE 60 ROBOTIC WELDING GUN MANUFACTURERS
                    7.2.2.2 Grippers
                               7.2.2.2.1 Pneumatic grippers
                                             7.2.2.2.1.1 Requirement for external air supply to keep pneumatic grippers operational
                               7.2.2.2.2 Electric grippers
                                             7.2.2.2.2.1 Ease of programming and operating to drive demand for electric grippers
                                                            TABLE 61 ELECTRIC GRIPPER MANUFACTURERS
                               7.2.2.2.3 Dexterous robotic hands
                                             7.2.2.2.3.1 4-finger robotic hands suitable for collaborative applications
                                             7.2.2.2.3.2 5-finger robotic hands used in combination with industrial and collaborative robotic arms
                               7.2.2.2.4 Vacuum grippers
                                             7.2.2.2.4.1 Implementation of vacuum grippers to easily handle uneven and large area workpieces
                               7.2.2.2.5 Magnetic grippers
                                             7.2.2.2.5.1 Use of magnetic grippers to handle smallest workpieces
                                                            TABLE 62 MAGNETIC GRIPPER MANUFACTURERS
                    7.2.2.3 Robotic screwdrivers
                               7.2.2.3.1 Ability of robotic screwdrivers to apply consistent torque during screwdriving
                    7.2.2.4 Sanding and deburring tools
                               7.2.2.4.1 Adoption of sanding and deburring tools to remove imperfections in objects
                    7.2.2.5 Others
           7.2.3 DRIVES
                    7.2.3.1 Reliance on drives to convert electrical energy into mechanical energy
           7.2.4 CONTROLLERS
                    7.2.4.1 Importance of controllers in enabling safe and effective human-robot collaboration
           7.2.5 SENSORS
                    7.2.5.1 Employment of sensors help convert information into meaningful data
           7.2.6 POWER SUPPLIES
                    7.2.6.1 Selecting suitable power supplies for cobots is crucial
           7.2.7 MOTORS
                    7.2.7.1 Deployment of motors to power cobots using rotational or linear force
           7.2.8 OTHERS
    7.3 SOFTWARE 
           7.3.1 STRONG FOCUS OF COBOT MANUFACTURERS ON DEVELOPING INTUITIVE PROGRAMMING SOFTWARE
 
8 COLLABORATIVE (COBOT) ROBOT MARKET, BY APPLICATION (Page No. - 142)
    8.1 INTRODUCTION 
           FIGURE 39 COLLABORATIVE ROBOT (COBOT) MARKET: BY APPLICATION
           TABLE 63 COLLABORATIVE ROBOT (COBOT) MARKET RANKING ANALYSIS, BY APPLICATION
           FIGURE 40 HANDLING APPLICATIONS TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT (COBOT) MARKET DURING FORECAST PERIOD
           TABLE 64 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 65 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
           TABLE 66 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2019–2022 (UNITS)
           TABLE 67 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2023–2029 (UNITS)
    8.2 HANDLING 
           TABLE 68 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR HANDLING APPLICATIONS
           TABLE 69 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 70 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 71 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 72 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
           8.2.1 PICK-AND-PLACE
                    8.2.1.1 Pick-and-place tasks easiest to program for first-time users
           8.2.2 MATERIAL HANDLING
                    8.2.2.1 Technological advancements to increase capabilities of material-handling collaborative robots (cobots)
           8.2.3 PACKAGING & PALLETIZING
                    8.2.3.1 Packing and palletizing often require medium payload cobots
           8.2.4 MACHINE TENDING
                    8.2.4.1 Cobots used alongside CNC, injection, and blow molding machines
           TABLE 73 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 74 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2023–2029 (USD MILLION)
    8.3 ASSEMBLING & DISASSEMBLING 
           TABLE 75 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR ASSEMBLING & DISASSEMBLING APPLICATIONS
           TABLE 76 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 77 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 78 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 79 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
           8.3.1 NUT FASTENING
                    8.3.1.1 Cobots suitable for nut fastening on medium and large workpieces
           8.3.2 SCREWDRIVING
                    8.3.2.1 Cobots can handle torque forces required for screwdriving applications
    8.4 WELDING & SOLDERING 
           8.4.1 COLLABORATIVE ROBOTS USED FOR WELDING SUITABLE FOR LOW VOLUME, HIGH MIX OPERATIONS
           TABLE 80 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR WELDING & SOLDERING APPLICATIONS
           TABLE 81 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 82 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 83 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 84 WELDING AND SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
    8.5 DISPENSING 
           TABLE 85 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR DISPENSING APPLICATIONS
           TABLE 86 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 87 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 88 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 89 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
           8.5.1 GLUING
                    8.5.1.1 Robotic gluing ensures quality and consistency of application
           8.5.2 PAINTING
                    8.5.2.1 Cobot painting suitable for low-volume production
    8.6 PROCESSING 
           TABLE 90 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR PROCESSING APPLICATIONS
           TABLE 91 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 92 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 93 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 94 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
           8.6.1 GRINDING
                    8.6.1.1 Force/torque sensors used along with end effectors for grinding tasks
           8.6.2 MILLING
                    8.6.2.1 Milling tasks consist of deburring, chamfering, and scraping operations
           8.6.3 CUTTING
                    8.6.3.1 Cobots used for cutting applications on very small scale
           TABLE 95 COLLABORATIVE ROBOT (COBOT) MARKET, BY PROCESSING, 2019–2022 (USD MILLION)
           TABLE 96 COLLABORATIVE ROBOT (COBOT) MARKET, BY PROCESSING, 2023–2029 (USD MILLION)
    8.7 OTHERS 
           TABLE 97 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR OTHER APPLICATIONS
           TABLE 98 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 99 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
           TABLE 100 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)
           TABLE 101 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)
           8.7.1 INSPECTION AND QUALITY TESTING
           8.7.2 DIE-CASTING AND MOLDING
 
9 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY (Page No. - 170)
    9.1 INTRODUCTION 
           FIGURE 41 COLLABORATIVE ROBOT (COBOT) MARKET: BY INDUSTRY
           FIGURE 42 COLLABORATIVE ROBOT (COBOT) MARKET FOR ELECTRONICS INDUSTRY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 102 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
           TABLE 103 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
           TABLE 104 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (UNITS)
           TABLE 105 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (UNITS)
    9.2 AUTOMOTIVE 
           9.2.1 COLLABORATIVE ROBOTS UTILIZED TO PERFORM LIGHT AND REPETITIVE TASKS
                    TABLE 106 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 107 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 108 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 109 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.3 ELECTRONICS 
           9.3.1 COLLABORATIVE ROBOTS CAN MANAGE SMALL AND FRAGILE COMPONENTS
                    TABLE 110 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 111 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 112 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 113 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.4 METALS & MACHINING 
           9.4.1 COLLABORATIVE ROBOTS USED ALONGSIDE CNC AND OTHER HEAVY MACHINERY TO AUTOMATE VARIOUS TASKS
                    TABLE 114 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 115 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 116 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 117 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.5 PLASTICS & POLYMERS 
           9.5.1 COLLABORATIVE ROBOTS IDEAL FOR PLASTICS AND POLYMER INDUSTRY DUE TO LOW PAYLOAD CAPACITY
                    TABLE 118 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 119 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 120 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 121 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.6 FOOD & BEVERAGES 
           9.6.1 COLLABORATIVE ROBOTS DEPLOYED IN FOOD INDUSTRY IN PRIMARY AND SECONDARY HANDLING APPLICATIONS
                    TABLE 122 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 123 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 124 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 125 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.7 FURNITURE & EQUIPMENT 
           9.7.1 COLLABORATIVE ROBOTS PERFORM VARIOUS PICK-AND-PLACE AND MACHINE-TENDING TASKS
                    TABLE 126 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 127 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 128 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 129 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.8 HEALTHCARE 
           9.8.1 COLLABORATIVE ROBOTS UTILIZED IN NON-SURGICAL APPLICATIONS
                    TABLE 130 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 131 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 132 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 133 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.9 LOGISTICS 
           9.9.1 COLLABORATIVE ROBOTS USED FOR PICK AND PLACE APPLICATIONS
                    TABLE 134 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 135 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                    TABLE 136 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
                    TABLE 137 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
    9.10 OTHERS 
           TABLE 138 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 139 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
           TABLE 140 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (USD MILLION)
           TABLE 141 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (USD MILLION)
 
10 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION (Page No. - 201)
     10.1 INTRODUCTION 
             FIGURE 43 COLLABORATIVE ROBOT (COBOT) MARKET: BY REGION
             TABLE 142 COLLABORATIVE ROBOT (COBOT) MARKET RANKING ANALYSIS, BY REGION
             FIGURE 44 ASIA PACIFIC TO HOLD LARGEST SHARE OF COLLABORATIVE ROBOT (COBOT) MARKET DURING FORECAST PERIOD
             TABLE 143 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 144 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
             TABLE 145 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (UNITS)
             TABLE 146 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (UNITS)
     10.2 NORTH AMERICA 
             10.2.1 IMPACT OF RECESSION ON COLLABORATIVE ROBOT (COBOT) MARKET IN NORTH AMERICA
                        FIGURE 45 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                        FIGURE 46 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                        TABLE 147 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 148 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                        TABLE 149 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (UNITS)
                        TABLE 150 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (UNITS)
                        TABLE 151 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 152 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
             10.2.2 US
                        10.2.2.1 Increased demand for cobots across various industries to drive market
             10.2.3 CANADA
                        10.2.3.1 Increased foreign investments in automotive sector to support market growth
             10.2.4 MEXICO
                        10.2.4.1 Government measures to augment manufacturing activities to fuel market growth
     10.3 EUROPE 
             10.3.1 IMPACT OF RECESSION ON COLLABORATIVE ROBOT (COBOT) MARKET IN EUROPE
                       FIGURE 47 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                        FIGURE 48 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                        TABLE 153 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 154 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                        TABLE 155 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (UNITS)
                        TABLE 156 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (UNITS)
                        TABLE 157 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 158 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Prominent presence of automotive and electronics industries to propel market
             10.3.3 ITALY
                        10.3.3.1 Changing consumer needs in automotive sector to drive adoption of collaborative robots
             10.3.4 SPAIN
                        10.3.4.1 Adoption of automation in manufacturing industries to drive demand for collaborative robots
             10.3.5 FRANCE
                        10.3.5.1 Government funding to boost automation and deployment of collaborative robots
             10.3.6 UK
                        10.3.6.1 Investments in R&D to revive automotive industry to offer high market growth potential
             10.3.7 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 IMPACT OF RECESSION ON COLLABORATIVE ROBOT (COBOT) MARKET IN ASIA PACIFIC
                        FIGURE 49 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                        FIGURE 50 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                        TABLE 159 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 160 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
                        TABLE 161 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2019–2022 (UNITS)
                        TABLE 162 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2023–2029 (UNITS)
                        TABLE 163 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 164 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Increasing investments in automation to contribute to market growth
             10.4.3 SOUTH KOREA
                        10.4.3.1 Deployment of significant number of cobots in automotive and electronics industries to drive market
             10.4.4 JAPAN
                        10.4.4.1 Use of electric and hybrid vehicles to fuel market for cobots
             10.4.5 TAIWAN
                        10.4.5.1 Growth of electrical & electronics industry to drive market
             10.4.6 THAILAND
                        10.4.6.1 Thailand 4.0 initiative to drive market for cobots during forecast period
             10.4.7 INDIA
                        10.4.7.1 Huge potential for deployment of cobots in manufacturing sector to support market growth
             10.4.8 REST OF ASIA PACIFIC
     10.5 ROW 
             10.5.1 IMPACT OF RECESSION ON COLLABORATIVE ROBOT (COBOT) MARKET IN ROW
                        FIGURE 51 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION
                        FIGURE 52 ROW: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                        TABLE 165 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 166 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (USD MILLION)
                        TABLE 167 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2019–2022 (UNITS)
                        TABLE 168 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2023–2029 (UNITS)
                        TABLE 169 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 170 ROW: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2023–2029 (USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 Automation across industries to drive market
             10.5.3 SOUTH AMERICA
 
                        10.5.3.1 South America to witness high growth in adoption of collaborative robots during forecast period
 
11 HUMAN-ROBOT COLLABORATIVE OPERATIONAL ENVIRONMENT (QUALITATIVE) (Page No. - 239)
     11.1 INTRODUCTION 
     11.2 SAFETY-RATED MONITORED STOP 
     11.3 HAND GUIDING 
     11.4 SPEED REDUCTION AND SEPARATION MONITORING 
     11.5 POWER AND FORCE LIMITING 
 
12 INTEGRATION OF COBOTS AND IOT (QUALITATIVE) (Page No. - 243)
     12.1 INTRODUCTION 
     12.2 CONNECTIVITY TECHNOLOGY 
             12.2.1 ETHERNET
             12.2.2 WI-FI
             12.2.3 BLUETOOTH
             12.2.4 CELLULAR
                        12.2.4.1 4G connectivity
                        12.2.4.2 5G connectivity
     12.3 INTEROPERABILITY SOFTWARE 
 
13 COMPETITIVE LANDSCAPE (Page No. - 247)
     13.1 OVERVIEW 
             TABLE 171 COLLABORATIVE ROBOT (COBOT) MARKET: KEY GROWTH STRATEGIES ADOPTED BY COMPANIES FROM 2019 TO 2022
     13.2 REVENUE ANALYSIS OF TOP PLAYERS 
             FIGURE 53 FOUR-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN COLLABORATIVE ROBOT (COBOT) MARKET
     13.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 172 COLLABORATIVE ROBOT (COBOT) MARKET: DEGREE OF COMPETITION
             FIGURE 54 MARKET SHARE ANALYSIS, 2022
     13.4 KEY COMPANY EVALUATION MATRIX, 2022 
             13.4.1 STARS
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE PLAYERS
             13.4.4 PARTICIPANTS
                        FIGURE 55 COLLABORATIVE ROBOT (COBOT) MARKET: KEY COMPANY EVALUATION MATRIX, 2022
     13.5 STARTUPS/SMES EVALUATION MATRIX, 2022 
             TABLE 173 STARTUPS/SMES IN COLLABORATIVE ROBOT (COBOT) MARKET
             13.5.1 PROGRESSIVE COMPANIES
             13.5.2 RESPONSIVE COMPANIES
             13.5.3 DYNAMIC COMPANIES
             13.5.4 STARTING BLOCKS
                        FIGURE 56 COLLABORATIVE ROBOT (COBOT) MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
                        TABLE 174 STARTUP MATRIX: LIST OF KEY STARTUPS/SMES
                        TABLE 175 COLLABORATIVE ROBOT (COBOT) MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.6 COLLABORATIVE MARKET: COMPANY FOOTPRINT 
             TABLE 176 FOOTPRINT OF COMPANIES
             TABLE 177 PAYLOAD FOOTPRINT OF COMPANIES
             TABLE 178 INDUSTRIAL FOOTPRINT OF COMPANIES
             TABLE 179 REGIONAL FOOTPRINT OF COMPANIES
     13.7 COMPETITIVE SCENARIO AND TRENDS 
             TABLE 180 COLLABORATIVE ROBOT (COBOT) MARKET: PRODUCT LAUNCHES, 2020–2023
             TABLE 181 COLLABORATIVE ROBOT (COBOT) MARKET: DEALS, 2020–2023
             TABLE 182 COLLABORATIVE ROBOT (COBOT) MARKET: OTHERS, 2020–2023
 
14 COMPANY PROFILES (Page No. - 274)
     14.1 INTRODUCTION 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
     14.2 KEY PLAYERS 
             14.2.1 UNIVERSAL ROBOTS A/S
                        TABLE 183 UNIVERSAL ROBOTS A/S: BUSINESS OVERVIEW
                        TABLE 184 UNIVERSAL ROBOTS A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 185 UNIVERSAL ROBOTS A/S: PRODUCT LAUNCHES
                        TABLE 186 UNIVERSAL ROBOTS A/S: DEALS
                        TABLE 187 UNIVERSAL ROBOTS A/S: OTHERS
             14.2.2 FANUC CORPORATION
                        TABLE 188 FANUC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 57 FANUC CORPORATION: COMPANY SNAPSHOT
                        TABLE 189 FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 190 FANUC CORPORATION: PRODUCT LAUNCHES
                        TABLE 191 FANUC CORPORATION: DEALS
                        TABLE 192 FANUC CORPORATION: OTHERS
             14.2.3 ABB
                        TABLE 193 ABB: BUSINESS OVERVIEW
                        FIGURE 58 ABB: COMPANY SNAPSHOT
                        TABLE 194 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 195 ABB: PRODUCT LAUNCHES
                        TABLE 196 ABB: DEALS
                        TABLE 197 ABB: OTHERS
             14.2.4 TECHMAN ROBOT
                        TABLE 198 TECHMAN ROBOT: BUSINESS OVERVIEW
                        TABLE 199 TECHMAN ROBOT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 200 TECHMAN ROBOT: PRODUCT LAUNCHES
                        TABLE 201 TECHMAN ROBOT: DEALS
                        TABLE 202 TECHMAN ROBOT: OTHERS
             14.2.5 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
                        TABLE 203 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD: BUSINESS OVERVIEW
                        TABLE 204 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 205 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD: OTHERS
             14.2.6 KUKA AG
                        TABLE 206 KUKA AG: BUSINESS OVERVIEW
                        FIGURE 59 KUKA AG: COMPANY SNAPSHOT
                        TABLE 207 KUKA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 208 KUKA AG: PRODUCT LAUNCHES
                        TABLE 209 KUKA AG: DEALS
             14.2.7 DOOSAN ROBOTICS INC.
                        TABLE 210 DOOSAN ROBOTICS INC.: BUSINESS OVERVIEW
                        TABLE 211 DOOSAN ROBOTICS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 212 DOOSAN ROBOTICS INC.: PRODUCT LAUNCHES
                        TABLE 213 DOOSAN ROBOTICS INC.: DEALS
                        TABLE 214 DOOSAN ROBOTICS INC.: OTHERS
             14.2.8 DENSO CORPORATION
                        TABLE 215 DENSO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 60 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 216 DENSO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 217 DENSO CORPORATION: DEALS
             14.2.9 YASKAWA ELECTRIC CORPORATION
                        TABLE 218 YASKAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 61 YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 219 YASKAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 220 YASKAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 221 YASKAWA ELECTRIC CORPORATION: DEALS
                        TABLE 222 YASKAWA ELECTRIC CORPORATION: OTHERS
             14.2.10 RETHINK ROBOTICS GMBH
                        TABLE 223 RETHINK ROBOTICS GMBH: BUSINESS OVERVIEW
                        TABLE 224 RETHINK ROBOTICS GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 225 RETHINK ROBOTICS GMBH: PRODUCT LAUNCHES
                        TABLE 226 RETHINK ROBOTICS GMBH: DEALS
                        TABLE 227 RETHINK ROBOTICS GMBH: OTHERS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.  
     14.3 OTHER PLAYERS 
             14.3.1 SIASUN ROBOT & AUTOMATION CO., LTD.
             14.3.2 FRANKA EMIKA GMBH
             14.3.3 COMAU S.P.A
             14.3.4 F&P ROBOTICS AG
             14.3.5 STÄUBLI INTERNATIONAL AG
             14.3.6 BOSCH REXROTH AG
             14.3.7 PRODUCTIVE ROBOTICS, LLC
             14.3.8 NEURA ROBOTICS GMBH
             14.3.9 ELEPHANT ROBOTICS
             14.3.10 ELITE ROBOTS
             14.3.11 KASSOW ROBOTS
             14.3.12 HANWHA CORPORATION
             14.3.13 OMRON ADEPT TECHNOLOGY, INC.
             14.3.14 WYZO
             14.3.15 MIP ROBOTICS
             14.3.16 KAWASAKI ROBOTICS
             14.3.17 DOBOT
             14.3.18 JAKA ROBOTICS
             14.3.19 HUILING-TECH ROBOTIC CO., LTD
 
15 APPENDIX (Page No. - 333)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the size of the collaborative robot market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases.

Secondary research was mainly used to obtain key information about the supply chain of the industry, the total pool of market players, the classification of the market according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.

Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the collaborative robot market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.

Primary Research

Extensive primary research has been conducted after acquiring knowledge about the collaborative robot market scenario through secondary research. Several primary interviews have been conducted with experts from the demand (end users) and supply side (collaborative robot providers) across four major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews have been conducted from the supply and demand side, respectively. These primary data have been collected through questionnaires, emails, and telephonic interviews.

Collaborative Robot Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both the top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the collaborative robot market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Collaborative Robot Market: Bottom-Up Approach

Collaborative Robot Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process, as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.

Definition

As per the International Federation of Robotics (IFR), robots designed for collaborative use need to comply with the International Organization for Standards (ISO) norm 10218-1, which specifies requirements and guidelines for the inherent safe design, protective measures, and information for the use of industrial robots.

Collaborative robots (also known as cobots) are designed to work alongside humans with precision, strength, and speed to achieve greater efficiency in production. Using robots to assist humans can help significantly reduce the workload of human workers and relieve them of monotonous, repetitive tasks. As an emerging automation technology, collaborative robots complement the existing industrial robotics market. The total cost of ownership of factory automation solutions, especially for small and medium-sized enterprises (SMEs), can be significantly reduced by adopting cobots. Cobot operations are primarily governed by the ISO 15066:2016 standard that further specifies various safety requirements. Other standards governing the safe operations of cobots include ISO 10218-1:2011, RIA/ANSI R15.06-2012, ISO 12100:2010, and ISO 13849-1:2008.

Key Stakeholders

  • Senior Management
  • Application
  • Finance/Procurement Department
  • R&D Department

Report Objectives

  • To describe and forecast the collaborative robot market by payload, component, application, and industry in terms of value
  • To describe and forecast the market by payload, application, and industry in terms of volume
  • To describe and forecast the market for four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value and volume.
  • To provide detailed information regarding factors, including drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To provide a detailed overview of the value chain pertaining to the ecosystem of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments
  • To benchmark players operating in the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players using various parameters within the broad categories of business and product strategy
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
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Report Code
SE 4480
Published ON
Jul, 2023
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