Collaborative Robot Market

Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region - Global Growth Driver and Industry Forecast to 2030

Report Code: SE 4480 Mar, 2024, by marketsandmarkets.com

The global Collaborative Robot market share was valued at USD 1.9 billion in 2024 and is estimated to reach USD 11.8 billion by 2030, registering a CAGR of 35.2% during the forecast period.

The growth of Collaborative Robot market is driven by the higher return on investment than traditional industrial robotic systems, increased demand in e-commerce and logistics sectors, significant benefits in businesses of all sizes, and easy programming of cobots.

Collaborative Robot Market

Collaborative Robot Market Forecast to 20360

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Collaborative Robot Market Dynamics
:

Drivers: Increased demand in e-commerce and logistics sectors

The surging demand in e-commerce and logistics has become a smart driving force for the collaborative robot (cobot) market, addressing critical challenges and propelling operational efficiency. With increasing e-commerce sales, the need for warehouse workers is immense, and cobots bridge the labor gap by handling repetitive tasks, ensuring a more attractive work environment. Cobots boost operational efficiency through 24/7 operations, precision, scalability, and flexibility, maximizing warehouse utilization and improving order fulfilment. They integrate seamlessly with human workers, offering cost-effectiveness, data-driven optimization, and application in emerging areas like delivery automation and warehouse security. The synergy between the growing e-commerce landscape and advancing cobot technology foretells exponential growth, reshaping efficiency and transforming the dynamics of e-commerce and logistics.

Restraint: Higher preference for low-payload-capacity robots in heavy-duty industrial applications

The Collaborative Robot (Cobot) market encounters a significant obstacle as the limited payload capacity of cobots hampers their adoption in heavy industries like automotive and machinery manufacturing. While cobots excel in light-duty tasks, their inability to handle heavier materials crucial in heavy-duty applications impedes market growth. This mismatch results in restricted market access, increased competition from traditional robots, and slower technological advancements in heavy-duty cobots. To overcome this restraint, efforts include developing high-payload cobots, industry-specific customization, fostering collaboration, and highlighting cobot advantages. By addressing the payload gap and emphasizing unique benefits, stakeholders can unlock the full potential of cobots in diverse manufacturing sectors.

Opportunities: Increasing focus of automation experts on pairing robotic arms with mobile platforms such as AMRs or AGVs

The collaborative robot (cobot) market is experiencing significant growth through the integration of robotic arms with mobile platforms like Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs). This dynamic shift expands cobots' application scope, enabling tasks in dynamic warehouse automation, flexible manufacturing, and remote operations. The synergy enhances productivity, agility, and smart collaboration, with opportunities to boost throughput, reduce labor costs, and improve scalability. Stakeholders can maximize these opportunities by focusing on agile cobot platforms, investing in advanced software, ensuring standardization, promoting industry-specific solutions, and addressing safety and security concerns. This trend heralds a future where cobots move freely, collaborate intelligently, and revolutionize automation across industries. With the rise of Autonomous Mobile Robots (AMRs) and Autonomous Ground Vehicles (AGVs) designed for collaborative use, companies have started to combine mobility technology with collaborative robots. For instance, in December 2023, Robotize ApS (Denmark) launched the GoPal P35, its first platform Autonomous Mobile Robot (AMR), entering this segment alongside its existing pallet AMRs. With a compact footprint of 960 x 660 mm, the GoPal P35 accommodates various top modules and accessories, fulfilling customer requests for a platform AMR with high uptime and operational reliability.

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

The collaborative robot (cobot) market faces substantial challenges due to inherent design limitations in payload and speed. Cobots, with payload capacities typically under 20 kg, struggle with heavy-duty tasks, limiting their application in industries like heavy manufacturing and construction. Additionally, their slower speeds impede adoption in fast-paced sectors such as electronics assembly. Despite their advantages in human-robot collaboration, cobots often carry a higher per-unit cost, making it challenging to justify investments compared to traditional industrial robots. Market competition and user demand may drive manufacturers to improve payload and speed capabilities, but emerging technologies like exoskeletons pose alternative solutions. The cobot market may experience slower overall growth, emphasizing the need for technological advancements and strategic focus on niche applications to overcome these limitations and foster sustained market expansion.

Collaborative Robot Segmentation

Collaborative Robot Market by Segmentation

Collaborative robots (cobots) with a payload capacity of up to 5kg present a compelling solution across industries, offering advantages in flexibility, ease of use, improved productivity, cost-effectiveness, and increased versatility. Their user-friendly programming interfaces enable quick deployment and adaptation to change tasks, making them accessible even to individuals with limited technical expertise. The lightweight and compact design of these cobots allows for easy integration into existing workspaces without extensive modifications, facilitating greater adaptability in production lines. They contribute to increased productivity by performing repetitive tasks with high accuracy, reducing the burden on human labor, and improving worker safety by handling potentially hazardous activities. With lower upfront costs and a faster return on investment, these cobots are an ideal choice for small and medium-sized enterprises, extending a wide range of applications from assembly and soldering to quality inspection and material handling.

Market for handling segment is projected to hold for largest share during the forecast timeline.

Collaborative robots, or cobots, play a pivotal role in shared workspaces, excelling in four key handling tasks. In pick-and-place operations, cobots showcase high repeatability, programmability, and lightweight flexibility, making them ideal for accurate and repetitive tasks. For material handling, their versatility with different grippers and tools enhances efficiency, improves ergonomics, and increases overall productivity by taking over manual tasks. In packaging and palletizing, cobots exhibit dexterity, speed, and consistency, leading to reduced labor costs as they automate repetitive packaging duties. In machine tending, cobots ensure uninterrupted machinery operation with their reliability, precision, and enhanced safety, handling tasks near potentially hazardous machinery. Overall, collaborative robots prove invaluable in diverse industries, offering several benefits such as improved efficiency, safety, and productivity in handling applications.

Automotive segment in industry to hold the highest market share of the Collaborative Robot market during the forecast period

The incorporation of collaborative robots (cobots) in the automotive sector has revolutionized manufacturing processes, bringing about increased productivity, enhanced worker safety, adaptability, and cost-effectiveness. Cobots, designed to collaborate with human workers, excel in automating light and repetitive tasks, boosting production rates and maintaining consistent quality. The advanced sensors and vision systems of cobots ensure a safe working environment by detecting human presence and triggering appropriate responses. The adaptability of cobots allows for easy reprogramming and redeployment, facilitating a swift response to changing production requirements. Despite a potentially higher initial investment, the cost-effectiveness of cobots becomes evident through faster returns on investment, minimal setup times, and reduced reliance on specialized technicians. In essence, collaborative robots have become integral assets in the automotive industry, shaping the future of manufacturing practices.

The Collaborative Robot market in the Asia Pacific is estimated to grow at a higher CAGR during the forecast period.

The aging population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. This is compelling companies to adopt automation and collaborative robots to reduce costs. With increasing labor costs, China is expected to further increase investments in automation to maintain its cost advantage in production. As a result, China's collaborative robot (cobot) market will remain dominant during the forecast period. China is moving from labour-intensive simple industries toward manufacturing high-tech goods, such as semiconductors, through its Made in China 2025 policy. The presence of some of the most prominent players in the collaborative robot (cobot) market space, such as FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), DENSO Corporation (Japan), Techman Robot (Thailand), and Doosan Robotics (South Korea), is another major factor driving the market in this region.

Collaborative Robot Market
 by Region

Collaborative Robot Market by Region

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Collaborative Robot Companies -
Key Market Players

Major vendors in the Collaborative Robot  companies include Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), and AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD  (China), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (South Korea), YASKAWA ELECTRIC CORPORATION (Japan), Rethink Robotics GmBH (Germany).

Apart from this, Siasun. Robot & Automation Co., Ltd. (China), 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), NEURA Robotics GmbH (Germany), ElephantRobotics (China), Elite Robots (China), Niryo (France), Hanwa Corporation (South Korea), OMRON Corporation (Japan), Wyzo (Switzerland), MIP Robotics (France), Kawasaki Heavy Industries, Ltd. (US), Dobot (China), JAKA Robotics (China), Huiling Tech (China) are among a few emerging companies in the Collaborative Robot   market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020—2030

Base year

2023

Forecast period

2024—2030

Segments covered

Payload, Application, Industry and Region

Geographic regions covered

North America, Europe, Asia Pacific, and RoW

Companies covered

The major players include Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), and AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD  (China), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (South Korea), YASKAWA ELECTRIC CORPORATION (Japan), Rethink Robotics GmBH (Germany) and Others- total 29 players have been covered.

Collaborative Robot Market Highlights

This research report categorizes the Collaborative Robot market payload, industry, application, and Region.

Segment

Subsegment

By Payload:

  • Up to 5 kg
  • 5-10 kg
  • 10-25 kg
  • More than 25 kg

By Application:

  • Handling
    • Pick-and-Place
    • Material Handling
    • Packaging & Palletizing
    • Machine Tending
  • Assembling & Dissembling
    • Nut Fastening
    • Screwdriving
  • Welding & Soldering
  • Dispensing
    • Gluing
    • Painting
  • Processing
    • Grinding
    • Milling
    • Cutting
  • Others
    • Inspection and Quality Testing
    • Die-Casting and Molding

By Industry:

  • Automotive
  • Electronics
  • Metals & Machining
  • Plastics & Polymers
  • Food & Beverages
  • Furniture & Equipment
  • Healthcare
  • Logistics
  • Others

By Region:

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

Recent Developments

  • In November 2023, TECHMAN ROBOT INC. (Taiwan) revealed the TM AI Cobot TM25S at iREX 2023, showcasing its 25kg payload capacity and advanced features for precision tasks. The cobot's integration with NVIDIA's Isaac Sim platform streamlined production line inspections, reducing programming times by 70% and cycle times by 20%.
  • In June 2023, Universal Robots A/S (Denmark) and SICK AG (Germany) collaborated on an innovative safety solution addressing the need for enhanced safety measures in specific human-robot collaborative applications. The SICK safety extension, designed in close partnership with Universal Robots, offers a protective volume around the robot tool and handled objects, facilitating easier deployment. The system, showcased at Automatica in Munich, Germany, demonstrated its deep integration into the UR robot system through a PolyScope update, making cobot safety solutions more accessible for customers. The solution, aimed at fostering spatial cooperation while meeting stringent safety requirements, is set for sale post the UR PolyScope update in early Q2 2024.

Key Questions Addressed in the Report

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 COLLABORATIVE ROBOT (COBOT) MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SEGMENTATION
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT ON COLLABORATIVE ROBOT (COBOT) MARKET 
           FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
 
2 RESEARCH METHODOLOGY (Page No. - 46)
    2.1 RESEARCH DATA 
           FIGURE 3 COLLABORATIVE ROBOT (COBOT) MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 4 RESEARCH FLOW: COLLABORATIVE ROBOT MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to capture market size using 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
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY MANUFACTURERS FROM COLLABORATIVE ROBOTS
    2.3 DATA TRIANGULATION 
           FIGURE 8 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. - 59)
    FIGURE 9 UP TO 5 KG SEGMENT TO LEAD MARKET FROM 2024 TO 2030
    FIGURE 10 HANDLING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 11 ELECTRONICS SEGMENT TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COLLABORATIVE ROBOT (COBOT) MARKET 
           FIGURE 13 INCREASED DEMAND FOR COBOTS IN AUTOMOTIVE AND ELECTRONICS INDUSTRIES TO DRIVE MARKET
    4.2 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD 
           FIGURE 14 MORE THAN 25 KG SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION 
           FIGURE 15 HANDLING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY 
           FIGURE 16 AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST MARKET SIZE IN 2023
    4.5 COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY 
           FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 66)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 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 19 E-COMMERCE MARKET RECORDS (2017–2026)
                    5.2.1.3 Significant benefits in businesses of all sizes
                    5.2.1.4 Easy programming of cobots
                               FIGURE 20 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 21 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
                    5.2.3.2 Growing number of subscriptions for Robotics-as-a-Service model
                    5.2.3.3 Rising demand for automation in healthcare industry
                               FIGURE 22 COLLABORATIVE ROBOT (COBOT) MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Payload and speed limitations due to inherently designed cobots
                    5.2.4.2 Difficulties in adapting to new standards and cybersecurity challenges related to connected robots
                               FIGURE 23 COLLABORATIVE ROBOT (COBOT) MARKET: CHALLENGES AND THEIR IMPACT
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 24 REVENUE SHIFT AND NEW REVENUE POCKETS FOR COLLABORATIVE ROBOT PROVIDERS
    5.4 PRICING ANALYSIS 
           TABLE 1 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS
           5.4.1 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS, BY PAYLOAD
                    FIGURE 25 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS, BY PAYLOAD
                    TABLE 2 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS WITH VARIOUS PAYLOAD CAPACITIES (USD)
           5.4.2 AVERAGE SELLING PRICE TRENDS, BY REGION
                    FIGURE 26 AVERAGE SELLING PRICE TRENDS FOR COLLABORATIVE ROBOTS, BY REGION (2020–2030)
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 27 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING MANUFACTURING AND RESEARCH AND DEVELOPMENT STAGES
    5.6 ECOSYSTEM MAPPING 
           FIGURE 28 ECOSYSTEM OF COLLABORATIVE ROBOTS
           TABLE 3 COLLABORATIVE ROBOT (COBOT) MARKET ECOSYSTEM
    5.7 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 29 INVESTMENT AND FUNDING SCENARIO FOR START-UP COMPANIES
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 KEY TECHNOLOGY
                    5.8.1.1 Integration of embedded vision with collaborative robots
                    5.8.1.2 Pairing of collaborative robots with mobile platforms
           5.8.2 COMPLEMENTARY TECHNOLOGY
                    5.8.2.1 Penetration of IIoT and AI in industrial manufacturing
                    5.8.2.2 Adoption of innovative grippers in robotics manipulation
           5.8.3 ADJACENT TECHNOLOGY
                    5.8.3.1 Penetration of 5G in industrial manufacturing
    5.9 PATENT ANALYSIS 
           TABLE 4 PATENT REGISTRATIONS RELATED TO COLLABORATIVE ROBOT (COBOT) MARKET
           FIGURE 30 NUMBER OF PATENTS GRANTED PER YEAR FROM 2014 TO 2024
           FIGURE 31 TOP 10 COMPANIES WITH HIGHEST PERCENTAGE OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 5 TOP 10 PATENT OWNERS IN LAST 10 YEARS
    5.10 TRADE ANALYSIS 
           FIGURE 32 IMPORT DATA OF INDUSTRIAL ROBOTS, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 33 EXPORT DATA OF INDUSTRIAL ROBOTS, BY COUNTRY, 2018–2022 (USD MILLION)
    5.11 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 6 COLLABORATIVE ROBOT (COBOT) MARKET: LIST OF CONFERENCES AND EVENTS
    5.12 CASE STUDY ANALYSIS 
           5.12.1 SEAT COMPONENTS - STREAMLINING GEARBOX MANUFACTURING WITH COLLABORATIVE ROBOTS
           5.12.2 FINNISH MANUFACTURER OVERCOMING WELDING CAPACITY CHALLENGES WITH ABB GOFA COBOTS
           5.12.3 ACTION PLASTICS - TRANSFORMING PRODUCTION WITH OB7 COLLABORATIVE ROBOTS
           5.12.4 ABB GOFA COBOT BOOSTS PRODUCTION CAPACITY FOR METEC
           5.12.5 NAPCO BRANDS - REVOLUTIONIZING COFFEE BEAN PACKAGING WITH COLLABORATIVE ROBOTS
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS AND REGULATIONS RELATED TO COLLABORATIVE ROBOTS
                    TABLE 11 NORTH AMERICA: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 12 EUROPE: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 13 ASIA PACIFIC: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 14 REST OF THE WORLD: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
    5.14 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 15 COLLABORATIVE ROBOT (COBOT) MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 34 COLLABORATIVE ROBOT (COBOT) MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF NEW ENTRANTS
           5.14.2 THREAT OF SUBSTITUTES
           5.14.3 BARGAINING POWER OF SUPPLIERS
           5.14.4 BARGAINING POWER OF BUYERS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
                    TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 36 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
                    TABLE 17 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
 
6 HUMAN-ROBOT COLLABORATIVE OPERATIONAL ENVIRONMENT (QUALITATIVE) (Page No. - 118)
    6.1 INTRODUCTION 
    6.2 SAFETY-RATED MONITORED STOP 
    6.3 HAND GUIDING 
    6.4 SPEED REDUCTION AND SEPARATION MONITORING 
    6.5 POWER AND FORCE LIMITING 
 
7 INTEGRATION OF COBOTS AND IOT (QUALITATIVE) (Page No. - 123)
    7.1 INTRODUCTION 
    7.2 CONNECTIVITY TECHNOLOGY 
           7.2.1 ETHERNET
           7.2.2 WI-FI
           7.2.3 BLUETOOTH
           7.2.4 CELLULAR
                    7.2.4.1 4G connectivity
                    7.2.4.2 5G connectivity
    7.3 INTEROPERABILITY SOFTWARE 
 
8 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT (Page No. - 128)
    8.1 INTRODUCTION 
           FIGURE 37 COLLABORATIVE ROBOT (COBOT) MARKET, BY COMPONENT
    8.2 HARDWARE 
           8.2.1 ROBOTIC ARMS
                    8.2.1.1 Use of robotic arms with joints to enable linear and circular motion
           8.2.2 END EFFECTORS
                    8.2.2.1 End effectors enable cobots achieve enhanced manufacturing efficiency
                    8.2.2.2 Welding guns
                               TABLE 18 ROBOTIC WELDING GUN MANUFACTURERS
                    8.2.2.3 Grippers
                               8.2.2.3.1 Pneumatic grippers
                               8.2.2.3.2 Electric grippers
                                            TABLE 19 ELECTRIC GRIPPER MANUFACTURERS
                               8.2.2.3.3 Dexterous robotic hands
                                             8.2.2.3.3.1 4-finger robotic hands
                                             8.2.2.3.3.2 5-finger robotic hands
                               8.2.2.3.4 Vacuum grippers
                               8.2.2.3.5 Magnetic grippers
                                            TABLE 20 MAGNETIC GRIPPER MANUFACTURERS
                    8.2.2.4 Robotic screwdrivers
                    8.2.2.5 Sanding and deburring tools
                    8.2.2.6 Others
           8.2.3 DRIVES
                    8.2.3.1 Reliance on drives to convert electrical energy into mechanical energy to drive demand
           8.2.4 CONTROLLERS
                    8.2.4.1 Importance of enabling safe and effective human-robot collaboration to derive demand
           8.2.5 SENSORS
                    8.2.5.1 Employment of sensors helps convert information into meaningful data
           8.2.6 POWER SUPPLIES
                    8.2.6.1 Need for suitable power supplies for safe and efficient operation to drive demand
           8.2.7 MOTORS
                    8.2.7.1 Need for rotational or linear force for precise movement and operation to drive demand
           8.2.8 OTHERS
    8.3 SOFTWARE 
           8.3.1 RISING FOCUS ON DEVELOPING INTUITIVE PROGRAMMING SOFTWARE TO DRIVE MARKET
 
9 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD (Page No. - 144)
    9.1 INTRODUCTION 
           FIGURE 38 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD
           FIGURE 39 UP TO 5 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 21 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
           TABLE 22 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
           TABLE 23 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
           TABLE 24 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
    9.2 UP TO 5 KG 
           9.2.1 INHERENT SAFETY FEATURES AND APPLICATIONS ACROSS INDUSTRIES TO DRIVE MARKET
                    TABLE 25 COMPANIES OFFERING COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY OF UP TO 5 KG
                    TABLE 26 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 27 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
                    TABLE 28 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (UNITS)
                    TABLE 29 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (UNITS)
                    TABLE 30 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 31 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
                    TABLE 32 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 33 UP TO 5 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.3 5–10 KG 
           9.3.1 GROWING DEMAND IN FACTORY AUTOMATION TASKS TO DRIVE MARKET
                    TABLE 34 COMPANIES OFFERING COLLABORATIVE ROBOTS WITH 5–10 KG PAYLOAD CAPACITY
                    TABLE 35 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 36 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
                    TABLE 37 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (UNITS)
                    TABLE 38 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (UNITS)
                    TABLE 39 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 40 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
                    TABLE 41 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 42 5–10 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.4 10–25 KG 
           9.4.1 INCREASING DEPLOYMENT IN VARIOUS APPLICATIONS TO DRIVE MARKET
                    TABLE 43 COMPANIES OFFERING COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY OF 10–25 KG
                    TABLE 44 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 45 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
                    TABLE 46 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (UNITS)
                    TABLE 47 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (UNITS)
                    TABLE 48 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 49 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
                    TABLE 50 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 51 10–25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.5 MORE THAN 25 KG 
           9.5.1 INCREASING DEMAND IN MANUFACTURING AND LOGISTICS TO DRIVE MARKET
                    TABLE 52 COMPANIES OFFERING COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY OF MORE THAN 25 KG
                    TABLE 53 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 54 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
                    TABLE 55 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (UNITS)
                    TABLE 56 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (UNITS)
                    TABLE 57 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 58 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
                    TABLE 59 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 60 MORE THAN 25 KG: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
 
10 COLLABORATIVE (COBOT) ROBOT MARKET, BY APPLICATION (Page No. - 168)
     10.1 INTRODUCTION 
             FIGURE 40 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION
             TABLE 61 COLLABORATIVE ROBOT (COBOT) MARKET RANKING ANALYSIS, BY APPLICATION
             FIGURE 41 HANDLING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
             TABLE 62 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 63 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
             TABLE 64 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2020–2023 (UNITS)
             TABLE 65 COLLABORATIVE ROBOT (COBOT) MARKET, BY APPLICATION, 2024–2030 (UNITS)
     10.2 HANDLING 
             TABLE 66 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR HANDLING APPLICATIONS
             TABLE 67 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 68 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
             TABLE 69 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
             TABLE 70 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
             10.2.1 PICK-AND-PLACE
                        10.2.1.1 Pick-and-place tasks easy to program for first-time users
             10.2.2 MATERIAL HANDLING
                        10.2.2.1 Technological advancements to increase capabilities of material-handling collaborative robots
             10.2.3 PACKAGING & PALLETIZING
                        10.2.3.1 Packing and palletizing require medium payload collaborative robots
             10.2.4 MACHINE TENDING
                        10.2.4.1 Collaborative robots used alongside CNC, injection, and blow molding machines
                                     TABLE 71 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                     TABLE 72 HANDLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2024–2030 (USD MILLION)
     10.3 ASSEMBLING & DISASSEMBLING 
             TABLE 73 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR ASSEMBLING & DISASSEMBLING APPLICATIONS
             TABLE 74 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 75 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
             TABLE 76 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
             TABLE 77 ASSEMBLING & DISASSEMBLING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
             10.3.1 NUT FASTENING
                        10.3.1.1 Collaborative robots suitable for nut fastening on medium and large workpieces
             10.3.2 SCREWDRIVING
                        10.3.2.1 Collaborative robots can handle torque forces required for screwdriving applications
     10.4 WELDING & SOLDERING 
             10.4.1 COLLABORATIVE ROBOTS SUITED FOR WELDING APPLICATIONS IN LOW-VOLUME, HIGH-MIX OPERATIONS
                         TABLE 78 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR WELDING & SOLDERING APPLICATIONS
                         TABLE 79 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 80 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
                         TABLE 81 WELDING & SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
                         TABLE 82 WELDING AND SOLDERING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
     10.5 DISPENSING 
             TABLE 83 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR DISPENSING APPLICATIONS
             TABLE 84 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 85 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
             TABLE 86 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
             TABLE 87 DISPENSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
             10.5.1 GLUING
                        10.5.1.1 Robotic gluing ensures quality and consistency of application
             10.5.2 PAINTING
                        10.5.2.1 Collaborative robot painting suitable for low-volume production
     10.6 PROCESSING 
             TABLE 88 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR PROCESSING APPLICATIONS
             TABLE 89 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 90 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
             TABLE 91 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
             TABLE 92 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
             10.6.1 GRINDING
                        10.6.1.1 Force/torque sensors used along with end effectors for grinding tasks
             10.6.2 MILLING
                        10.6.2.1 Milling tasks consist of deburring, chamfering, and scraping operations
             10.6.3 CUTTING
                        10.6.3.1 Collaborative robots increasingly used in small-scale cutting applications
                                     TABLE 93 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                     TABLE 94 PROCESSING: COLLABORATIVE ROBOT (COBOT) MARKET, BY TYPE, 2024–2030 (USD MILLION)
     10.7 OTHERS 
             TABLE 95 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR OTHER APPLICATIONS
             TABLE 96 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 97 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
             TABLE 98 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (UNITS)
             TABLE 99 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (UNITS)
             10.7.1 INSPECTION AND QUALITY TESTING
             10.7.2 DIE-CASTING AND MOLDING
 
11 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY (Page No. - 200)
     11.1 INTRODUCTION 
             FIGURE 42 COLLABORATIVE ROBOT (COBOT) MARKET: BY INDUSTRY
             FIGURE 43 AUTOMOTIVE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 100 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 101 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
             TABLE 102 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (UNITS)
             TABLE 103 COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (UNITS)
     11.2 AUTOMOTIVE 
             11.2.1 REQUIREMENT FOR PERFORMANCE OF LIGHT AND REPETITIVE TASKS TO DRIVE DEMAND
                         TABLE 104 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 105 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 106 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 107 AUTOMOTIVE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.3 ELECTRONICS 
             11.3.1 NEED TO MANAGE SMALL AND FRAGILE COMPONENTS TO DRIVE DEMAND
                         TABLE 108 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 109 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 110 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 111 ELECTRONICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.4 METALS & MACHINING 
             11.4.1 INCREASING USE OF COLLABORATIVE ROBOTS ALONGSIDE CNC AND OTHER HEAVY MACHINERY TO DRIVE MARKET
                         TABLE 112 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 113 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 114 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 115 METALS & MACHINING: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.5 PLASTICS & POLYMERS 
             11.5.1 LOW PAYLOAD CAPACITY COLLABORATIVE ROBOTS TO DRIVE DEMAND
                         TABLE 116 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 117 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 118 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 119 PLASTICS & POLYMERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.6 FOOD & BEVERAGES 
             11.6.1 DEMAND IN PRIMARY AND SECONDARY HANDLING APPLICATIONS TO DRIVE MARKET
                         TABLE 120 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 121 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 122 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 123 FOOD & BEVERAGES: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.7 FURNITURE & EQUIPMENT 
             11.7.1 REQUIREMENT FOR VARIOUS PICK-AND-PLACE AND MACHINE-TENDING TASKS TO DRIVE DEMAND
                         TABLE 124 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 125 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 126 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 127 FURNITURE & EQUIPMENT: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.8 HEALTHCARE 
             11.8.1 INCREASING DEMAND IN NON-SURGICAL APPLICATIONS TO DRIVE MARKET
                         TABLE 128 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 129 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 130 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 131 HEALTHCARE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.9 LOGISTICS 
             11.9.1 INCREASING USE IN PICK AND PLACE APPLICATIONS TO DRIVE DEMAND
                         TABLE 132 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 133 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 134 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 135 LOGISTICS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
     11.1 OTHERS 
             TABLE 136 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 137 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
             TABLE 138 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
             TABLE 139 OTHERS: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
 
12 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION (Page No. - 234)
     12.1 INTRODUCTION 
             FIGURE 44 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION
             TABLE 140 COLLABORATIVE ROBOT (COBOT) MARKET RANKING ANALYSIS, BY REGION
             FIGURE 45 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD
             TABLE 141 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 142 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
             TABLE 143 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (UNITS)
             TABLE 144 COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (UNITS)
     12.2 NORTH AMERICA 
             12.2.1 RECESSION IMPACT
                         FIGURE 46 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                         FIGURE 47 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                         TABLE 145 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                         TABLE 146 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                         TABLE 147 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (UNITS)
                         TABLE 148 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (UNITS)
                         TABLE 149 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 150 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
                         TABLE 151 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                         TABLE 152 NORTH AMERICA: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
             12.2.2 US
                        12.2.2.1 Increased demand for cobots across various industries to drive market
             12.2.3 CANADA
                        12.2.3.1 Foreign investments in automotive sector and government support for healthcare sector to drive market
             12.2.4 MEXICO
                        12.2.4.1 Government measures to augment manufacturing activities to drive market
     12.3 EUROPE 
             12.3.1 RECESSION IMPACT
                         FIGURE 48 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                         FIGURE 49 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                         TABLE 153 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                         TABLE 154 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                         TABLE 155 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (UNITS)
                         TABLE 156 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (UNITS)
                         TABLE 157 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 158 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
                         TABLE 159 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                         TABLE 160 EUROPE: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
             12.3.2 GERMANY
                        12.3.2.1 Prominent presence of automotive and electronics industries to drive market
             12.3.3 ITALY
                        12.3.3.1 Changing consumer needs in automotive sector to drive market
             12.3.4 SPAIN
                        12.3.4.1 Adoption of automation in manufacturing industries to drive market
             12.3.5 FRANCE
                        12.3.5.1 Government funding to boost automation and deployment of collaborative robots to drive market
             12.3.6 UK
                        12.3.6.1 Investments in R&D to revive automotive industry to drive market
             12.3.7 REST OF EUROPE
     12.4 ASIA PACIFIC 
             12.4.1 RECESSION IMPACT
                         FIGURE 50 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY
                         FIGURE 51 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                         TABLE 161 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                         TABLE 162 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                         TABLE 163 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (UNITS)
                         TABLE 164 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (UNITS)
                         TABLE 165 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 166 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
                         TABLE 167 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                         TABLE 168 ASIA PACIFIC: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 Increasing investments in automation to drive market
             12.4.3 SOUTH KOREA
                        12.4.3.1 Rising deployment of cobots in automotive and electronics industries to drive market
             12.4.4 JAPAN
                        12.4.4.1 Increasing use of electric and hybrid vehicles to drive market
             12.4.5 TAIWAN
                        12.4.5.1 Growth of electrical & electronics industry to drive market
             12.4.6 THAILAND
                        12.4.6.1 Thailand 4.0 initiative to drive market
             12.4.7 INDIA
                        12.4.7.1 Increasing demand from manufacturing sector to drive market
             12.4.8 REST OF ASIA PACIFIC
     12.5 REST OF THE WORLD 
             12.5.1 RECESSION IMPACT
                         FIGURE 52 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION
                         FIGURE 53 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET SNAPSHOT
                         TABLE 169 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (USD MILLION)
                         TABLE 170 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (USD MILLION)
                         TABLE 171 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2020–2023 (UNITS)
                         TABLE 172 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY REGION, 2024–2030 (UNITS)
                         TABLE 173 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2020–2023 (USD MILLION)
                         TABLE 174 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2024–2030 (USD MILLION)
                         TABLE 175 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
                         TABLE 176 REST OF THE WORLD: COLLABORATIVE ROBOT (COBOT) MARKET, BY INDUSTRY, 2024–2030 (USD MILLION)
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Increasing adoption of collaborative robots in healthcare sector to drive market
             12.5.3 MIDDLE EAST
                        12.5.3.1 Automation across industries to drive market
                                     TABLE 177 MIDDLE EAST: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                                     TABLE 178 MIDDLE EAST: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                                     TABLE 179 MIDDLE EAST: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2020–2023 (UNITS)
                                     TABLE 180 MIDDLE EAST: COLLABORATIVE ROBOT (COBOT) MARKET, BY COUNTRY, 2024–2030 (UNITS)
                        12.5.3.2 GCC
                        12.5.3.3 Rest of Middle East
             12.5.4 AFRICA
                        12.5.4.1 Rising adoption of collaborative robots in security and healthcare sectors to drive market
 
13 COMPETITIVE LANDSCAPE (Page No. - 284)
     13.1 OVERVIEW 
     13.2 STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 181 COLLABORATIVE ROBOT (COBOT) MARKET: OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS
     13.3 REVENUE ANALYSIS 
             FIGURE 54 REVENUE ANALYSIS OF TOP THREE PLAYERS, 2019–2023
     13.4 MARKET SHARE ANALYSIS, 2023 
             TABLE 182 COLLABORATIVE ROBOT (COBOT) MARKET: DEGREE OF COMPETITION
             FIGURE 55 MARKET SHARE ANALYSIS, 2023
     13.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 56 EV/EBITDA OF KEY VENDORS
     13.6 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 57 COLLABORATIVE ROBOT (COBOT) MARKET: TOP TRENDING BRANDS/PRODUCTS
     13.7 COMPANY EVALUATION MATRIX, 2023 
             13.7.1 STARS
             13.7.2 EMERGING LEADERS
             13.7.3 PERVASIVE PLAYERS
             13.7.4 PARTICIPANTS
                        FIGURE 58 COLLABORATIVE ROBOT (COBOT) MARKET: COMPANY EVALUATION MATRIX, 2023
             13.7.5 COMPANY FOOTPRINT
                        13.7.5.1 Company footprint
                                     FIGURE 59 COMPANY FOOTPRINT
                        13.7.5.2 Payload footprint
                                     TABLE 183 PAYLOAD FOOTPRINT
                        13.7.5.3 Application footprint
                                     TABLE 184 APPLICATION FOOTPRINT
                        13.7.5.4 Industry footprint
                                     TABLE 185 INDUSTRY FOOTPRINT
                        13.7.5.5 Region footprint
                                     TABLE 186 REGION FOOTPRINT
     13.8 START-UP/SME EVALUATION MATRIX, 2023 
             13.8.1 PROGRESSIVE COMPANIES
             13.8.2 RESPONSIVE COMPANIES
             13.8.3 DYNAMIC COMPANIES
             13.8.4 STARTING BLOCKS
                        FIGURE 60 COLLABORATIVE ROBOT (COBOT) MARKET: START-UP/SME EVALUATION MATRIX, 2023
             13.8.5 COMPETITIVE BENCHMARKING
                        13.8.5.1 Detailed list of key start-ups/SMEs
                                     TABLE 187 COLLABORATIVE ROBOT (COBOT) MARKET: DETAILED LIST OF KEY START-UPS/SMES
                        13.8.5.2 Competitive benchmarking of key start-ups/SMEs
                                     TABLE 188 COLLABORATIVE ROBOT (COBOT) MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     13.9 COMPETITIVE SCENARIO AND TRENDS 
             13.9.1 PRODUCT LAUNCHES
                        TABLE 189 COLLABORATIVE ROBOT (COBOT) MARKET: PRODUCT LAUNCHES, MAY 2021–NOVEMBER 2023
             13.9.2 DEALS
                        TABLE 190 COLLABORATIVE ROBOT (COBOT) MARKET: DEALS, OCTOBER 2020–FEBRUARY 2024
             13.9.3 EXPANSIONS
                        TABLE 191 COLLABORATIVE ROBOT (COBOT) MARKET: EXPANSIONS, FEBRUARY 2020–SEPTEMBER 2023
 
14 COMPANY PROFILES (Page No. - 308)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     14.1 INTRODUCTION 
     14.2 KEY PLAYERS 
             14.2.1 UNIVERSAL ROBOTS A/S
                        TABLE 192 UNIVERSAL ROBOTS A/S: COMPANY OVERVIEW
                        TABLE 193 UNIVERSAL ROBOTS A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 194 UNIVERSAL ROBOTS A/S: PRODUCT LAUNCHES
                        TABLE 195 UNIVERSAL ROBOTS A/S: DEALS
                        TABLE 196 UNIVERSAL ROBOTS A/S: EXPANSIONS
             14.2.2 FANUC CORPORATION
                        TABLE 197 FANUC CORPORATION: COMPANY OVERVIEW
                        FIGURE 61 FANUC CORPORATION: COMPANY SNAPSHOT
                        TABLE 198 FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 199 FANUC CORPORATION: PRODUCT LAUNCHES
                        TABLE 200 FANUC CORPORATION: DEALS
                        TABLE 201 FANUC CORPORATION: EXPANSIONS
             14.2.3 ABB
                        TABLE 202 ABB: COMPANY OVERVIEW
                        FIGURE 62 ABB: COMPANY SNAPSHOT
                        TABLE 203 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 204 ABB: PRODUCT LAUNCHES
                        TABLE 205 ABB: DEALS
                        TABLE 206 ABB: EXPANSIONS
             14.2.4 TECHMAN ROBOT INC.
                        TABLE 207 TECHMAN ROBOT INC.: COMPANY OVERVIEW
                        TABLE 208 TECHMAN ROBOT INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 209 TECHMAN ROBOT INC.: PRODUCT LAUNCHES
                        TABLE 210 TECHMAN ROBOT INC.: DEALS
                        TABLE 211 TECHMAN ROBOT INC.: EXPANSIONS
             14.2.5 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.
                        TABLE 212 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        TABLE 213 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 214 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES
                        TABLE 215 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.: DEALS
                        TABLE 216 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD.: EXPANSIONS
             14.2.6 KUKA AG
                        TABLE 217 KUKA AG: COMPANY OVERVIEW
                        FIGURE 63 KUKA AG: COMPANY SNAPSHOT
                        TABLE 218 KUKA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 219 KUKA AG: PRODUCT LAUNCHES
                        TABLE 220 KUKA AG: DEALS
                        TABLE 221 KUKA AG: OTHERS
             14.2.7 DOOSAN ROBOTICS INC.
                        TABLE 222 DOOSAN ROBOTICS INC.: COMPANY OVERVIEW
                        TABLE 223 DOOSAN ROBOTICS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 224 DOOSAN ROBOTICS INC.: PRODUCT LAUNCHES
                        TABLE 225 DOOSAN ROBOTICS INC.: DEALS
                        TABLE 226 DOOSAN ROBOTICS INC.: EXPANSIONS
             14.2.8 DENSO CORPORATION
                        TABLE 227 DENSO CORPORATION: COMPANY OVERVIEW
                        FIGURE 64 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 228 DENSO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 229 DENSO CORPORATION: DEALS
             14.2.9 YASKAWA ELECTRIC CORPORATION
                        TABLE 230 YASKAWA ELECTRIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 65 YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 231 YASKAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 232 YASKAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 233 YASKAWA ELECTRIC CORPORATION: DEALS
                        TABLE 234 YASKAWA ELECTRIC CORPORATION: EXPANSIONS
             14.2.10 RETHINK ROBOTICS GMBH
                        TABLE 235 RETHINK ROBOTICS GMBH: COMPANY OVERVIEW
                        TABLE 236 RETHINK ROBOTICS GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 237 RETHINK ROBOTICS GMBH: PRODUCT LAUNCHES
                        TABLE 238 RETHINK ROBOTICS GMBH: DEALS
                        TABLE 239 RETHINK ROBOTICS GMBH: EXPANSIONS
     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 NIRYO
             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.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
15 APPENDIX (Page No. - 375)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
             15.3.1 COMPANY INFORMATION
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

 

 

The research study involved the extensive use of secondary sources, directories, and databases (annual reports or presentations of companies, industry association publications, directories, technical handbooks, World Economic Outlook (WEO), trade websites, Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the Collaborative Robot market. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, system providers, technology developers, alliances, and standards and certification organizations related to various phases of this industry’s value chain.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts, such as CEOs, vice presidents, marketing directors, technology & innovation directors, and related key executives from key companies and organizations operating in the Collaborative Robot market across four major regions: North America, Europe, Asia Pacific, and RoW (South America, GCC, and Rest of MEA). Primary data has been collected through questionnaires, e-mails, and telephonic interviews. Approximately 40% and 60% of primary interviews have been conducted from the demand and supply sides, respectively.

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 top-down and bottom-up approaches have been used along with several data triangulation methods to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports        of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

In this approach, important players, such Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), ABB (Switzerland), TECHMAN ROBOT INC. (Taiwan), and AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD  (China), have been identified. After confirming these companies through primary interviews with industry experts, their total revenue has been estimated by referring to annual reports, SEC filings, and paid databases. Revenues of these companies pertaining to the business units (Bus) that offer Collaborative Robot have been identified through similar sources. Industry experts have reconfirmed these revenues through primary interviews.

Collaborative Robot Market: Bottom-Up Approach

Collaborative Robot Market
 Size, and Bottom-Up Approach

The bottom-up approach has been employed to arrive at the overall size of the Collaborative Robot market from the revenues of key players and their share in the market.

Collaborative Robot Market: Top-Down Approach

Collaborative Robot Market
 Size, and Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the supply-side approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.

Data Triangulation

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

Market 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 together with humans with high precision, speed, and strength to achieve improved efficiency in production. Integration of robots to assist humans helps to significantly reduce the workload of workers and relieve them from monotonous and repetitive tasks. Collaborative robots comes up as an emerging automation technology, and  complements the existing industrial robotics market. The integration of collaborative robots significantly reduces the overall cost of ownership of factory automation solutions, specifically for small and medium-sized enterprises (SMEs). Collaborative robot operations are mainly governed by the ISO 15066:2016 standard that further identifies various safety requirements. Other standards leading 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

  • Original Equipment Manufacturers (OEMs)
  • OEM Technology Solution Providers
  • Research Institutes
  • Market Research and Consulting Firms
  • Forums, Alliances, and Associations
  • Technology Investors
  • Governments and Financial Institutions
  • Analysts and Strategic Business Planners
  • End users who want to know more about the technology and the latest technological developments in the industry

Report Objectives

  • To describe and forecast the collaborative robot (cobot) market by payload, 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 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 provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to 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
  • To analyze competitive developments such as collaborations, agreements, partnerships, product developments, and research and development (R&D) in the market
  • To evaluate the impact of the recession on the Collaborative market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 7)
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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 4480
Published ON
Mar, 2024
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