Collaborative Robot Market

Collaborative Robot Market share by Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) and Geography - Global Forecast to 2028

Report Code: SE 4480 Nov, 2022, by marketsandmarkets.com

[291 Pages Report] The Global Collaborative Robot Market share is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028.

The key drivers of the cobot market are high return on Investment compared to traditional industrial robotic systems, increasing demand in e-commerce and logistic industries due to COVID-19, providing benefits to businesses of all sizes, and increased ease of programming collaborative robots.

Collaborative Robot (Cobot) Market

Collaborative Robot Market Forecast to 2028

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Market Dynamics of Collaborative Robot Market

Drivers: Collaborative robots to benefit businesses of all sizes

Small and medium-sized enterprises, especially in developed countries, are expected to quickly adopt collaborative robots market production processes. SMEs that are already using collaborative robots are seeing benefits in terms of general competitiveness, increased production, and enhanced product quality. For instance, Betacom Limited (New Zealand), a small manufacturer of lighting solutions for roads, areas, and tunnels, uses the UR10 collaborative robot from Universal Robots A/S (Denmark) to assemble LED lenses into the circuit board.

The robot can accurately place the LED lenses for the best spread of light, the company is able to take on high-volume jobs and enhance overall product quality. Similarly, V-ZUG Ltd (Switzerland), a manufacturer of household devices, uses the CR-7iA/L collaborative robot from FANUC Corporation (Japan) to improve the assembly and testing of control panels for electric cookers. Such small and mid-sized manufacturers also need adjustable automation solutions that can adapt to changing requirements.

Collaborative robots can be quickly moved and reprogrammed as they are lightweight and easy to program. Unlike traditional industrial robots, they do not require any extra space to operate as they are not required to be caged, thus utilizing floor space more efficiently. With growing labor shortages and rising wages, collaborative robots are enabling SMEs to compete with other large manufacturers while also remaining cost competitive. Employees are now given the opportunity to handle more intricate duties, leading to better employee satisfaction.

This has prompted even large manufacturing companies to deploy collaborative robots in their production process. For instance, the PSA Group (France) has been using the UR10 collaborative robot industry from Universal Robots for screw driving applications in vehicle assembly lines. This has resulted in cost savings and improved workplace ergonomic conditions. An MIT study titled ‘Breakthrough Factories’ estimates that collaborative robots could reduce a worker’s idle time by up to 85%.

For SMEs desiring to embrace robotics and automation, employee safety is crucial. Complex and heavy traditional industrial robots are usually locked behind fences or cages as their rapid and heavy movements are considered unsafe for human interaction, making them unbefitting for SMEs. Collaborative robot industry, on the other hand, are lightweight and abide by the standard ISO/TS 15066 safety guidelines. These guidelines help small-and-medium-sized manufacturers ensure that humans can safely work with the deployed cobots.

Restraints: High preference for low payload capacity traditional industrial robots

Traditional industrial robots are designed 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. But 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.

With some exceptions, such as the FANUC CR-35iA, which can lift to 35 Kg, and H-SERIES cobots offered by Doosan Robotics Inc. (South Korea), which provides a payload capacity of up to 25KG, cobots are the best fit in applications with lower payloads. For example, the payload capacity of IRB 120 articulated robot from ABB (Switzerland) is up to 3 Kg. The MPP Series from Yaskawa Electric Corporation (Japan) has a payload capacity of 3 Kg. The KR 6 R500 Z200 is a SCARA robot from KUKA AG (Germany) having a payload capacity of up to 6 KG and has a speed of up to 2 m/s.

The payload capacity of IRB 910SC SCARA robot from ABB is up to 6 Kg; its speed is 7.6 m/s. As opposed to traditional industrial robots, the CR series collaborative robots offered by FANUC Corporation (Japan) has a maximum speed of 500 mm/s. The GoFa CRB 15000 collaborative robot has a TCP speed of up to 2.2 m/s. The total speed of Doosan Robotics Inc. (South Korea) M1013 collaborative robot arm is 1 m/s. The speed of Techman Robot’s TM series is 250 mm/s. The average speed of collaborative robots is around 1 m/s. Thus, for similar payload capacities, the speed offered by traditional industrial robots is higher compared to their collaborative counterparts.

Opportunities: Growing demand for automation in the healthcare industry post COVID-19

COVID-19 pandemic has fueled the growth of adoption of robots in the healthcare sector. During pandemic, automated robotic units were used to disinfect patient rooms and surgery suites. Robots were used by several hospitals for enforcing facemask and social-distancing rules and spraying disinfectant. In some hospitals, robots were programmed to use a thermal camera to perform a preliminary screening of patients to contain the spread of COVID-19.

Today, due to the pandemic, the use of robots for disinfection applications has risen significantly. Since the virus is highly infectious, patient rooms must be sanitized to prevent infection from spreading to other patients and hospital staff. From disinfecting rooms, delivering medication to measuring vital signs, these robots are proving to be highly efficient. Equipped with a sophisticated vision system, these robots can measure skin temperature, breathing rate, pulse rate, and blood oxygen to help detect the infection in time.

Challenges: Adapting to the new collaborative robot standards and rising cybersecurity challenges in connected robots

Manufacturers must consider new regulations and standards for collaborative robots, especially in the case of collaborative robots mounted to mobile units. For instance, the ANSI/RIA R15.08 standard that is currently being developed considers issues such as the position of the collaborative robot arm in relation to its mobile base. The previous standard did not consider robotic collisions with people and surroundings during navigation. The growth of collaborative robots has also given rise to increased interconnectivity between collaborative robots. Multiple robots working on a particular task are communicating with each other for sequencing and are also being connected to a centralized database to provide information on efficiency and downtime.

Interconnectivity is expected to become increasingly common in a few years, raising concerns over safety and cybersecurity, which will be a critical component in the operation of collaborative robots. As a collaborative robot can be connected to cloud servers via a web interface in unprotected computers or handheld devices, communication with the robots may be compromised. Although cybersecurity standards, such as the ISA/IEC 62443, have been developed recently by the International Electrotechnical Commission (IEC) and the International Society of Automation (ISA), implementation is still limited currently. Robot integrators are also expected to share responsibility when programming and deploying a collaborative robot with third-party peripherals such as controllers and vision systems.

Robotic arm is expected to hold the largest share of the market for hardware component during the forecast period

The robotic arm segment held the largest share of the hardware market for collaborative robots in 2021. This segment is also projected to grow at the highest CAGR during the forecast period. The robot arm is one of the most expensive hardware components in a collaborative robot, the design of which can often be time-consuming and complex. The arm must be built as per the ISO/TS 15066 standard and certified for the same.

When compared to traditional industrial robots, collaborative robots often have a curved arm to make it safe for human contact. Inside its complex design, the arm also must house the drives, motors, and sensors, while providing a maximum level of dust and water resistance, which can often be challenging. Thus, due to its higher overall cost, compared to other hardware components, the robotic arm is expected to dominate the collaborative robot market analysis in terms of value, during the forecast period.

Asia Pacific to hold the largest share of collaborative robot industry for in 2022

Asia Pacific to hold the largest share of collaborative robots in 2022 both in terms of value and volume. The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of collaborative robots for automation in industries. Also, the presence of most of the prominent players of collaborative robot market space such as FANUC Corporation (Japan), Yaskawa Electric Corporation ( Japan), Denso Corporation ( Japan), Techman Robot, Inc. ( Thailand) and so on is expected to boost the market in Asia Pacific region.

Collaborative Robot (Cobot) Market by Region

Collaborative Robot Market share by Region

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Key Market Players

Some of the key companies in the collaborative robot market 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), Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), etc.

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Scope of the Report

Report Metric

Details

Market size value in 2022  USD 1.1 Billion
Market size value in 2028  USD 9.2 Billion
Growth rate  CAGR of 41.5%

Years Considered

2022–2028

  Base Year

2021

  Forecast Period

2022–2028

  Forecast Units

Value (USD Million/USD Billion)

  Segments Covered

Component, Payload, Application, Industry, and Geography

  Geographies 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) etc.

Total 25 Major Players

Collaborative Robot Market Highlights

In this research report, the collaborative robot market analysis has been segmented based on Component, Payload, Application, Industry, and Geography.

Aspect

Details

Collaborative Robot Market, 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

Collaborative Robot Market, by Payload:

  • Up to 5 Kg
  • 5-10 Kg
  • Above 10 Kg

Collaborative Robot Market, by Application:

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

Collaborative Robot Market, by Industry

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

Geographic Analysis:

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

Recent Developments

  • In July 2022, FANUC America Corporation (US), a leading supplier of CNCs, robotics, and ROBOMACHINEs, announces a West Campus expansion that will push its operational space in Oakland County, Michigan to nearly two million square feet. The construction will include a 655,000 square foot state-of-the-art facility to house manufacturing, engineering, and R&D projects.
  • In June 2022, Universal Robots A/S (Denmark) launched a new 20 kg cobot called the UR20 to its product range. A 20kg (44.1lbs.) payload capacity, which is 4kg more than UR’s previous heaviest load capability of 16kg with its UR16e cobot. Reach of 1750mm, which is 450mm more than the longest previous UR cobot reach of 1300mm with the UR10e.
  • In February 2021, ABB is expanding its collaborative robot portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds, to complement the YuMi and Single Arm YuMi in ABB’s cobot line-up. These stronger, faster, and more capable cobots are expected to accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics, and food & beverage, among others, meeting the rising demand for automation across multiple industries.

Frequently Asked Questions (FAQs):

The cobots having payload capacity up to 5 kg are expected to be the most widely adopted. They can be deployed across different industries such as automotive, metal & machinery, food and beverage, electronic industries for a wide range of applications owing to their versatility and ease of programming. The cobots having payload capacity between 5-10 kg are mainly used for variety of handling applications such as pick and place, material handling, palletizing, and machine tending majorly in automotive and electronic industries whereas the cobots with more than 10 kg payload capacity are used for applications such as heavy-duty material handling, heavy-part handling, multi-part handling, and machine tending.

The robot arms are expected to contribute considerably to the collaborative robot market during the forecast period. The highest growth rate for robot arms during the forecast period can be largely attributed to its high cost on account of its functionality, time-consuming design process and complexities associated with its design. The arm must be built as per the ISO/TS 15066 standard and certified for the same. When compared to traditional industrial robots, collaborative robots often have a curved arm to make it safe for human contact. This feature is crucial as collaborative robots work in proximity with the human workers.

Advancement in AI is expected to drastically improve the operational capabilities of collaborative robots and provide a desired long-term outcome for increased production visibility, real-time guidance, and data-driven performance. AI is being leveraged for speech recognition, object detection, and enhancing locomotion in collaborative robots. 5G technology on the other hand is expected to enhance interconnectivity and coordination in many collaborative robots deployed in manufacturing facilities. Companies have already begun to test private 5G networks in their manufacturing facilities.

The Asia Pacific region is expected to adopt collaborative robots at the fastest rate. Developing countries such as China, India, Thailand, and Taiwan are expected to have a high potential for the future growth of the market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 SCOPE OF STUDY
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION: COLLABORATIVE ROBOT MARKET
    1.4 GEOGRAPHIC SCOPE
           1.4.1 YEARS CONSIDERED
           1.4.2 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY & PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Primary interviews with experts
                    2.1.3.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 APPROACH FOR CAPTURING MARKET SIZE FROM SUPPLY-SIDE : COLLABORATIVE ROBOT INDUSTRY
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION: COLLABORATIVE ROBOT MARKET
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 51)
    FIGURE 7 COBOTS WITH PAYLOADS UP TO 5 KG TO DOMINATE THE COBOT MARKET DURING THE FORECAST PERIOD
    FIGURE 8 SOFTWARE COMPONENT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 9 HANDLING APPLICATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 10 ELECTRONICS INDUSTRY SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
    FIGURE 11 MARKET IN ASIA PACIFIC TO HOLD LARGEST SHARE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 MAJOR OPPORTUNITIES FOR PLAYERS IN THE MARKET
           FIGURE 12 HIGH RETURN ON INVESTMENT IN COLLABORATIVE ROBOTS COMPARED TO TRADITIONAL INDUSTRIAL ROBOTIC SYSTEMS EXPECTED TO FUEL MARKET GROWTH
    4.2 COLLABORATIVE ROBOT MARKET, BY PAYLOAD
           FIGURE 13 MARKET FOR COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY OF 5-10 KG TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY APPLICATION
           FIGURE 14 HANDLING APPLICATION EXPECTED TO BE LARGEST SEGMENT OF MARKET IN 2022
    4.4 MARKET, BY INDUSTRY
           FIGURE 15 AUTOMOTIVE INDUSTRY PROJECTED TO BE LARGEST SEGMENT OF MARKET IN 2022
    4.5 COBOT MARKET IN ASIA PACIFIC, BY INDUSTRY AND COUNTRY
           FIGURE 16 AUTOMOTIVE INDUSTRY AND CHINA ACCOUNTED FOR LARGEST SHARES OF MARKET IN 2021
    4.6 MARKET, BY COUNTRY
           FIGURE 17 MARKET IN INDIA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 COLLABORATIVE ROBOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 High return on investment compared to traditional industrial robotic systems
                    5.2.1.2 Increased demand in e-commerce and logistics industries due to COVID-19
                    5.2.1.3 Providing benefits to businesses of all sizes
                    5.2.1.4 Increased ease of programming collaborative robots
           5.2.2 RESTRAINTS
                    5.2.2.1 High preference for low payload capacity traditional industrial robots
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Provide significant market opportunity when paired with AMRs and AGVs
                    5.2.3.2 Robots-as-a-Service model to accelerate adoption of collaborative robots
                    5.2.3.3 Rise in demand for automation in the healthcare industry post COVID-19
           5.2.4 CHALLENGES
                    5.2.4.1 Payload and speed limitations of collaborative robots owing to their inherent design
                    5.2.4.2 New collaborative robot standards and rise in cybersecurity challenges in connected robots
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR COLLABORATIVE ROBOT PROVIDERS
    5.4 PRICING ANALYSIS
           5.4.1 AVERAGE SELLING PRICE OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS, BY PAYLOAD
                    FIGURE 21 AVERAGE SELLING PRICES OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS WITH VARIOUS PAYLOAD CAPACITIES
                    TABLE 1 AVERAGE SELLING PRICES OF COLLABORATIVE ROBOTS OFFERED BY KEY PLAYERS WITH VARIOUS PAYLOAD CAPACITIES (USD)
           5.4.2 AVERAGE SELLING PRICE TREND
                    FIGURE 22 COLLABORATIVE ROBOT MARKET: AVERAGE PRICE OF COBOTS
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY MANUFACTURING AND RESEARCH AND DEVELOPMENT STAGES
    5.6 ECOSYSTEM/MARKET MAP
           TABLE 2 COBOT MARKET: ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 KEY TECHNOLOGIES
                    5.7.1.1 Integration of embedded vision with collaborative robots
                    5.7.1.2 Integration of mobile robot technology with collaborative robots
           5.7.2 COMPLEMENTARY TECHNOLOGIES
                    5.7.2.1 Penetration of Industrial Internet of Things (IIoT) and AI in industrial manufacturing
                    5.7.2.2 Adoption of innovative grippers in robotics manipulation
           5.7.3 ADJACENT TECHNOLOGIES
                    5.7.3.1 Penetration of 5G in industrial manufacturing
    5.8 CASE STUDY ANALYSIS
           5.8.1 JAPANESE AUTOMOTIVE PARTS MANUFACTURER DOUBLES PRODUCTIVITY WITH COBOTS
           5.8.2 COBOTS RESOLVED UNDERSTAFFING ISSUES THAT INCREASED DUE TO COVID-19 IN LABORATORIES
           5.8.3 AUTOMATED SCREWDRIVING WITH COBOTS
           5.8.4 HOUSEHOLD TEXTILE MANUFACTURER BENEFITS FROM LARGE-FORMAT JACQUARD SOLUTIONS
           5.8.5 ELITE ROBOTS BOOST PRODUCTION FROM TRADITIONAL TO INTELLIGENT MANUFACTURING
    5.9 PATENT ANALYSIS
           TABLE 3 TOP 10 PATENT OWNERS IN THE US IN THE LAST 10 YEARS
           5.9.1 LIST OF MAJOR PATENTS
                    TABLE 4 LIST OF MAJOR PATENTS IN THE COLLABORATIVE ROBOT MARKET
    5.1 TRADE AND TARIFF ANALYSIS
           5.10.1 TRADE ANALYSIS
                    5.10.1.1 Trade data for HS code 847950
           5.10.2 TARIFF ANALYSIS
                    TABLE 5 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY JAPAN, 2021
                    TABLE 6 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY GERMANY, 2021
                    TABLE 7 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY ITALY, 2021
    5.11 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 8 COBOT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.12 REGULATORY LANDSCAPE
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO COBOT MARKET
                    TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 STANDARDS AND REGULATIONS RELATED TO COLLABORATIVE ROBOTS
                    TABLE 13 NORTH AMERICA: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 14 EUROPE: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 15 ASIA PACIFIC: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
                    TABLE 16 ROW: SAFETY STANDARDS FOR COLLABORATIVE ROBOTS
    5.13 PORTER’S FIVE FORCES ANALYSIS
           TABLE 17 IMPACT OF PORTER’S FIVE FORCES ON THE COLLABORATIVE ROBOT MARKET ANALYSIS
           FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: COLLABORATIVE ROBOT INDUSTRY
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF SUPPLIERS
           5.13.4 BARGAINING POWER OF BUYERS
           5.13.5 INTENSITY OF COMPETITION RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 29 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES
                    TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
                    TABLE 19 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES

6 COLLABORATIVE ROBOT MARKET, BY PAYLOAD (Page No. - 96)
    6.1 INTRODUCTION
           FIGURE 31 MARKET: BY PAYLOAD
           FIGURE 32 UP TO 5 KG SEGMENT TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
           TABLE 20 MARKET, BY PAYLOAD, 2018–2021 (USD MILLION)
           TABLE 21 MARKET, BY PAYLOAD, 2022–2028 (USD MILLION)
           TABLE 22 MARKET, BY PAYLOAD, 2018–2021 (UNITS)
           TABLE 23 MARKET, BY PAYLOAD, 2022–2028 (UNITS)
    6.2 UP TO 5 KG
           6.2.1 COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG INHERENTLY SAFE
                    TABLE 24 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG
                    TABLE 25 MARKET FOR UP TO 5 KG PAYLOAD, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 26 MARKET FOR UP TO 5 KG PAYLOAD, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 27 MARKET FOR UP TO 5 KG PAYLOAD, BY APPLICATION, 2018–2021 (UNITS)
                    TABLE 28 MARKET FOR UP TO 5 KG PAYLOAD, BY APPLICATION, 2022–2028 (UNITS)
                    TABLE 29 MARKET FOR UP TO 5 KG PAYLOAD, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 30 MARKET FOR UP TO 5 KG PAYLOAD, BY INDUSTRY, 2022–2028 (USD MILLION)
    6.3 5–10 KG
           6.3.1 MOST COBOTS WITH 5–10 KG PAYLOAD CAPACITY CAN BE EQUIPPED WITH IN-BUILT FORCE SENSORS
                    TABLE 31 COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY
                    TABLE 32 MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 33 MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 34 MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2018–2021 (UNITS)
                    TABLE 35 MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2022–2028 (UNITS)
                    TABLE 36 MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 37 MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2022–2028 (USD MILLION)
    6.4 MORE THAN 10 KG
           6.4.1 ADVANCES IN ROBOTIC HARDWARE ENABLING MANUFACTURERS TO DEVELOP COLLABORATIVE ROBOTS WITH PAYLOAD CAPACITY ABOVE 10 KG
                    TABLE 38 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF MORE THAN 10 KG
                    TABLE 39 MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 40 COLLABORATIVE ROBOT MARKET SHARE FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 41 MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 2018–2021 (UNITS)
                    TABLE 42 MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 2022–2028 (UNITS)
                    TABLE 43 MARKET FOR MORE THAN 10 KG PAYLOAD, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 44 MARKET FOR MORE THAN 10 KG PAYLOAD, BY INDUSTRY, 2022–2028 (USD MILLION)

7 COLLABORATIVE ROBOT MARKET, BY COMPONENT (Page No. - 111)
    7.1 INTRODUCTION
           FIGURE 33 MARKET: BY COMPONENT
           FIGURE 34 HARDWARE SEGMENT TO CONTRIBUTE LARGER SHARE TO MARKET DURING FORECAST PERIOD
           TABLE 45 MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 46 MARKET, BY COMPONENT, 2022–2028 (USD MILLION)
    7.2 HARDWARE
           TABLE 47 MARKET FOR HARDWARE, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 48 MARKET FOR HARDWARE, BY COMPONENT, 2022–2028 (USD MILLION)
           7.2.1 ROBOTIC ARM
                    7.2.1.1 Robotic arm design defined by ISO/TS 15066 standard
           7.2.2 END EFFECTOR OR END OF ARM TOOL (EOAT)
                    7.2.2.1 Welding guns
                               7.2.2.1.1 Hand guidance feature of collaborative robots to make welding tasks easier
                                            TABLE 49 PLAYERS MANUFACTURING ROBOTIC WELDING GUNS
                    7.2.2.2 Grippers
                               7.2.2.2.1 Pneumatic
                               7.2.2.2.2 Electric
                                            TABLE 50 PLAYERS MANUFACTURING ELECTRIC GRIPPERS
                               7.2.2.2.3 Dexterous robotic hand
                               7.2.2.2.4 Vacuum
                               7.2.2.2.5 Magnetic
                                            TABLE 51 PLAYERS MANUFACTURING MAGNETIC GRIPPERS
                    7.2.2.3 Robotic screwdrivers
                               7.2.2.3.1 Robotic screwdrivers apply consistent torque during screwdriving
                    7.2.2.4 Sanding and deburring tools
                               7.2.2.4.1 Sanding and deburring tools used for material removal
                    7.2.2.5 Others
                               7.2.2.5.1 Others include specialty and hybrid end effectors
           7.2.3 DRIVES
                    7.2.3.1 Drives convert electrical energy into mechanical energy
           7.2.4 CONTROLLERS
                    7.2.4.1 Controllers carry out necessary instructions required to operate cobots
           7.2.5 SENSORS
                    7.2.5.1 Sensors help in measurement and translation of information into meaningful data
           7.2.6 POWER SUPPLY
                    7.2.6.1 Most cobots operate at 24 V or 48 V
           7.2.7 MOTORS
                    7.2.7.1 Cobots fitted with light but powerful motors
           7.2.8 OTHERS
    7.3 SOFTWARE
           7.3.1 MANUFACTURERS TO INVEST SUBSTANTIAL EFFORTS TO DEVELOP INTUITIVE PROGRAMMING SOFTWARE

8 COLLABORATIVE ROBOT MARKET, BY APPLICATION (Page No. - 125)
    8.1 INTRODUCTION
           FIGURE 35 COLLABORATIVE ROBOT INDUSTRY : BY APPLICATION
           TABLE 52 MARKET RANKING ANALYSIS, BY APPLICATION
           FIGURE 36 MARKET FOR PROCESSING APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 53 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 54 MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
           TABLE 55 MARKET, BY APPLICATION, 2018–2021 (UNITS)
           TABLE 56 MARKET, BY APPLICATION, 2022–2028 (UNITS)
    8.2 HANDLING
           TABLE 57 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR HANDLING APPLICATION
           TABLE 58 MARKET FOR HANDLING APPLICATION, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 59 MARKET FOR HANDLING APPLICATION, BY INDUSTRY, 2022–2028 (USD MILLION)
           TABLE 60 MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2018–2021 (USD MILLION)
           TABLE 61 MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2022–2028 (USD MILLION)
           TABLE 62 MARKET FOR HANDLING APPLICATION, BY PAYLOAD, 2018–2021 (UNITS)
           TABLE 63 COLLABORATIVE ROBOT MARKET ANALYSIS FOR HANDLING APPLICATION, BY PAYLOAD, 2022–2028 (UNITS)
           8.2.1 PICK & PLACE
                    8.2.1.1 Pick and place task easiest to program for first-time users
           8.2.2 MATERIAL HANDLING
                    8.2.2.1 Material handling consists of order fulfillment using mobile units
           8.2.3 PACKAGING & PALLETIZING
                    8.2.3.1 Packing and palletizing require medium payload cobots
           8.2.4 MACHINE TENDING
                    8.2.4.1 Cobots used alongside CNC, injection, and blow molding machines
                               TABLE 64 MARKET FOR HANDLING, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 65 MARKET FOR HANDLING, BY APPLICATION, 2022–2028 (USD MILLION)
    8.3 ASSEMBLING & DISASSEMBLING
           TABLE 66 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR ASSEMBLING & DISASSEMBLING APPLICATION
           8.3.1 SCREWDRIVING
                    8.3.1.1 Cobots can handle torque forces required for screwdriving applications
           8.3.2 NUT FASTENING
                    8.3.2.1 Cobots suitable for nut fastening on medium and large workpieces
                               TABLE 67 COLLABORATIVE ROBOT MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY INDUSTRY, 2018–2021 (USD THOUSAND)
                               TABLE 68 MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY INDUSTRY, 2022–2028 (USD THOUSAND)
                               TABLE 69 MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2018–2021 (USD MILLION)
                               TABLE 70 MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2022–2028 (USD MILLION)
                               TABLE 71 MARKET FOR ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2018–2021 (UNITS)
                               TABLE 72 MARKET FOR ASSEMBLING & DISASSEMBLING ASSEMBLING & DISASSEMBLING APPLICATION, BY PAYLOAD, 2022–2028 (UNITS)
    8.4 WELDING AND SOLDERING
           8.4.1 WELDING AND SOLDERING CONSIDERED NICHE APPLICATION FOR COBOTS
                    TABLE 73 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR WELDING & SOLDERING APPLICATION
                    TABLE 74 MARKET FOR WELDING AND SOLDERING APPLICATION, BY INDUSTRY, 2018–2021 (USD THOUSAND)
                    TABLE 75 MARKET FOR WELDING AND SOLDERING APPLICATION, BY INDUSTRY, 2022–2028 (USD THOUSAND)
                    TABLE 76 MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 77 MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD, 2022–2028 (USD MILLION)
                    TABLE 78 MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD 2018–2021 (UNITS)
                    TABLE 79 MARKET FOR WELDING AND SOLDERING APPLICATION, BY PAYLOAD 2022–2028 (UNITS)
    8.5 DISPENSING
           TABLE 80 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR DISPENSING APPLICATION
           8.5.1 GLUING
                    8.5.1.1 Robotic gluing ensures quality and consistency
           8.5.2 PAINTING
                    8.5.2.1 Suitable for low-volume production
                               TABLE 81 MARKET FOR DISPENSING APPLICATION, BY INDUSTRY, 2018–2021 (USD THOUSAND)
                               TABLE 82 MARKET FOR DISPENSING APPLICATION, BY INDUSTRY, 2022–2028 (USD THOUSAND)
                               TABLE 83 MARKET FOR DISPENSING APPLICATION, BY PAYLOAD, 2018–2021 (USD MILLION)
                               TABLE 84 MARKET FOR DISPENSING APPLICATION, BY PAYLOAD, 2022–2028 (USD MILLION)
                               TABLE 85 MARKET FOR DISPENSING APPLICATION, BY PAYLOAD, 2018–2021 (UNITS)
                               TABLE 86 MARKET FOR DISPENSING APPLICATION, BY PAYLOAD, 2022–2028 (UNITS)
    8.6 PROCESSING
           TABLE 87 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR PROCESSING APPLICATION
           8.6.1 GRINDING
                    8.6.1.1 Force/torque sensor often used along with end effector for grinding tasks
           8.6.2 MILLING
                    8.6.2.1 Used in milling tasks for deburring, chamfering, and scraping
           8.6.3 CUTTING
                    8.6.3.1 Used for cutting applications on a very small scale
                               TABLE 88 COLLABORATIVE ROBOT MARKET FOR PROCESSING APPLICATION, BY INDUSTRY, 2018–2021 (USD THOUSAND)
                               TABLE 89 MARKET FOR PROCESSING APPLICATION, BY INDUSTRY, 2022–2028 (USD THOUSAND)
                               TABLE 90 MARKET FOR PROCESSING APPLICATION, BY PAYLOAD, 2018–2021 (USD MILLION)
                               TABLE 91 MARKET FOR PROCESSING APPLICATION, BY PAYLOAD, 2022–2028 (USD MILLION)
                               TABLE 92 MARKET FOR PROCESSING APPLICATION, BY PAYLOAD, 2018–2021 (UNITS)
                               TABLE 93 MARKET FOR PROCESSING APPLICATION, BY PAYLOAD, 2022–2028 (UNITS)
                               TABLE 94 MARKET FOR PROCESSING, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 95 MARKET FOR PROCESSING, BY APPLICATION, 2022–2028 (USD MILLION)
    8.7 OTHERS
           TABLE 96 COMPANIES OFFERING COLLABORATIVE ROBOTS FOR OTHER APPLICATIONS
           8.7.1 INSPECTION AND QUALITY TESTING
                    8.7.1.1 Cobots used to inspect complex objects alongside human workers
           8.7.2 DIE-CASTING AND MOLDING
                    8.7.2.1 Cobots ideal for automating injection molding tasks
                               TABLE 97 MARKET FOR OTHER APPLICATIONS, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 98 MARKET FOR OTHER APPLICATIONS, BY INDUSTRY, 2022–2028 (USD MILLION)
                               TABLE 99 MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2018–2021 (USD MILLION)
                               TABLE 100 MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2022–2028 (USD MILLION)
                               TABLE 101 MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2018–2021 (UNITS)
                               TABLE 102 MARKET FOR OTHER APPLICATIONS, BY PAYLOAD, 2022–2028 (UNITS)

9 COLLABORATIVE ROBOT MARKET, BY INDUSTRY (Page No. - 156)
    9.1 INTRODUCTION
           FIGURE 37 COLLABORATIVE ROBOT MARKET SHARE ANALYSIS : BY INDUSTRY
           FIGURE 38 ELECTRONICS INDUSTRY SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 103 MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 104 MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)
           TABLE 105 MARKET, BY INDUSTRY, 2018–2021 (UNITS)
           TABLE 106 MARKET, BY INDUSTRY, 2022–2028 (UNITS)
    9.2 AUTOMOTIVE
           9.2.1 USED TO PERFORM LIGHT AND REPETITIVE TASKS
                    TABLE 107 MARKET SIZE FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 108 MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 109 MARKET SIZE FOR AUTOMOTIVE INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 110 MARKET SIZE FOR AUTOMOTIVE INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 111 MARKET SIZE FOR AUTOMOTIVE INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 112 MARKET FOR THE AUTOMOTIVE INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.3 ELECTRONICS
           9.3.1 USED TO WORK ON SMALL AND FRAGILE COMPONENTS IN ELECTRONICS INDUSTRY
                    TABLE 113 MARKET SIZE FOR THE ELECTRONICS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 114 MARKET SIZE FOR ELECTRONICS INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 115 MARKET SIZE FOR ELECTRONICS INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 116 MARKET SIZE FOR THE ELECTRONICS INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 117 COLLABORATIVE ROBOT INDUSTRY SIZE FOR ELECTRONICS INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 118 MARKET SIZE FOR ELECTRONICS INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.4 METALS & MACHINING
           9.4.1 USED ALONGSIDE CNC AND OTHER HEAVY MACHINERY TO AUTOMATE VARIOUS TASKS
                    TABLE 119 COLLABORATIVE ROBOT MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 120 MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 121 MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 122 MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 123 MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 124 MARKET SIZE FOR METALS & MACHINING INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.5 PLASTICS & POLYMERS
           9.5.1 CAN BE DEPLOYED ALONGSIDE INJECTION AND BLOW MOLDING MACHINES
                    TABLE 125 COLLABORATIVE ROBOT INDUSTRY ANALYSIS SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 126 MARKET SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 127 MARKET SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 128 MARKET SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 129 COLLABORATIVE ROBOT INDUSTRY SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 130 COBOT MARKET SIZE FOR PLASTICS & POLYMERS INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.6 FOOD & BEVERAGES
           9.6.1 USED IN FOOD INDUSTRY FOR BOTH PRIMARY AND SECONDARY HANDLING APPLICATIONS
                    TABLE 131 MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 132 MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 133 MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 134 MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 135 COLLABORATIVE ROBOT MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 136 MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.7 FURNITURE & EQUIPMENT
           9.7.1 USED TO PERFORM VARIOUS PICK AND PLACE AND MACHINE TENDING APPLICATIONS
                    TABLE 137 MARKET SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 138 MARKET SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 139 MARKET SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 140 MARKET SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 141 MARKET SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 142 COLLABORATIVE ROBOT SIZE FOR FURNITURE & EQUIPMENT INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.8 HEALTHCARE
           9.8.1 MAINLY DEPLOYED FOR NON-SURGICAL APPLICATIONS
                    TABLE 143 MARKET SIZE FOR HEALTHCARE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 144 MARKET SIZE IN HEALTHCARE INDUSTRY, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 145 MARKET SIZE IN HEALTHCARE INDUSTRY, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 146 MARKET SIZE IN HEALTHCARE INDUSTRY, BY APPLICATION, 2022–2028 (USD MILLION)
                    TABLE 147 MARKET SIZE IN HEALTHCARE INDUSTRY, BY PAYLOAD, 2018–2021 (USD MILLION)
                    TABLE 148 MARKET SIZE IN HEALTHCARE INDUSTRY, BY PAYLOAD, 2022–2028 (USD MILLION)
    9.9 OTHERS
           TABLE 149 MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)
           TABLE 150 MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2022–2028 (USD MILLION)
           TABLE 151 MARKET SIZE IN OTHER INDUSTRIES, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 152 MARKET SIZE IN OTHER INDUSTRIES, BY APPLICATION, 2022–2028 (USD MILLION)
           TABLE 153 MARKET SIZE IN OTHER INDUSTRIES, BY PAYLOAD, 2018–2021 (USD MILLION)
           TABLE 154 COLLABORATIVE ROBOT MARKET SIZE IN OTHER INDUSTRIES, BY PAYLOAD, 2022–2028 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 185)
     10.1 INTRODUCTION
             FIGURE 39 COBOT MARKET: BY GEOGRAPHY
             TABLE 155 MARKET RANKING ANALYSIS, BY REGION
             FIGURE 40 ASIA PACIFIC TO HOLD LARGEST SHARE OF COBOT MARKET DURING FORECAST PERIOD
             TABLE 156 MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 157 MARKET, BY REGION, 2022–2028 (USD MILLION)
             TABLE 158 MARKET, BY REGION, 2018–2021 (UNITS)
             TABLE 159 COLLABORATIVE ROBOT INDUSTRY BY REGION, 2022–2028 (UNITS)
     10.2 NORTH AMERICA
             FIGURE 41 NORTH AMERICA: MARKET, BY COUNTRY
             FIGURE 42 NORTH AMERICA: SNAPSHOT OF MARKET
             TABLE 160 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 161 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 162 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (UNITS)
             TABLE 163 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2028 (UNITS)
             TABLE 164 MARKET IN NORTH AMERICA, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 165 MARKET IN NORTH AMERICA, BY INDUSTRY, 2022–2028 (USD MILLION)
             10.2.1 US
                        10.2.1.1 US contributed largest share to market in North America
             10.2.2 CANADA
                        10.2.2.1 Increased foreign investments in automotive sector to drive market
             10.2.3 MEXICO
                        10.2.3.1 Market in Mexico expected to witness highest growth
     10.3 EUROPE
             FIGURE 43 EUROPE: COBOT MARKET, BY COUNTRY
             FIGURE 44 EUROPE: SNAPSHOT OF MARKET
             TABLE 166 MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 167 MARKET IN EUROPE, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 168 COLLABORATIVE ROBOT MARKET IN EUROPE, BY COUNTRY, 2018–2021 (UNITS)
             TABLE 169 MARKET IN EUROPE, BY COUNTRY, 2022–2028 (UNITS)
             TABLE 170 COLLABORATIVE ROBOT MARKER IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 171 COLLABORATIVE ROBOT MARKER IN EUROPE, BY INDUSTRY, 2022–2028 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Germany houses several collaborative robot manufacturers
             10.3.2 ITALY
                        10.3.2.1 COMAU (Italy) offers collaborative robots with highest payload capacity
             10.3.3 SPAIN
                        10.3.3.1 Spain to witness high growth due to adoption of automation in manufacturing industries
             10.3.4 FRANCE
                        10.3.4.1 Increasing deployment of collaborative robots to increase competitiveness and drive market
             10.3.5 UK
                        10.3.5.1 Investments in R&D to revive automotive industry offers high growth potential
             10.3.6 REST OF EUROPE
     10.4 ASIA PACIFIC
             FIGURE 45 ASIA PACIFIC: SNAPSHOT OF COLLABORATIVE ROBOT MARKET
             TABLE 172 MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 173 MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 174 MARKET IN APAC, BY COUNTRY, 2018–2021 (UNITS)
             TABLE 175 MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2028 (UNITS)
             TABLE 176 MARKET IN ASIA PACIFIC, BY INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 177 MARKET IN ASIA PACIFIC, BY INDUSTRY, 2022–2028 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 China accounted for largest share in Asia Pacific in 2021
             10.4.2 SOUTH KOREA
                        10.4.2.1 Significant number of cobots deployed in automotive and electronics industries
             10.4.3 JAPAN
                        10.4.3.1 Japan held the second-largest share of market in Asia Pacific in 2021
             10.4.4 TAIWAN
                        10.4.4.1 Growth of electrical & electronics industry expected to drive market
             10.4.5 THAILAND
                        10.4.5.1 Thailand 4.0 initiative expected to drive market for cobots
             10.4.6 INDIA
                        10.4.6.1 India presents a huge market potential for deployment of cobots
             10.4.7 REST OF ASIA PACIFIC
     10.5 ROW
             FIGURE 46 ROW: COBOT MARKET, BY COUNTRY
             TABLE 178 MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
             TABLE 179 MARKET IN ROW, BY REGION, 2022–2028 (USD MILLION)
             TABLE 180 COLLABORATIVE ROBOT MARKET IN ROW, BY REGION, 2018–2021 (UNITS)
             TABLE 181 MARKET IN ROW, BY REGION, 2022–2028 (UNITS)
             TABLE 182 MARKET IN ROW, BY INDUSTRY, 2018–2021 (USD THOUSAND)
             TABLE 183 MARKET IN ROW, BY INDUSTRY, 2022–2028 (USD THOUSAND)
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Automation across industries expected to drive market
             10.5.2 SOUTH AMERICA
                        10.5.2.1 South America expected to witness high growth in adoption of collaborative robots during forecast period

11 HUMAN-ROBOT COLLABORATIVE OPERATIONAL ENVIRONMENT (Page No. - 212)
     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 (Page No. - 214)
     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. - 218)
     13.1 OVERVIEW
             13.1.1 INTRODUCTION
     13.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
             13.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN COLLABORATIVE ROBOT MARKET
     13.3 REVENUE ANALYSIS OF TOP PLAYERS
             FIGURE 47 3-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN COBOT MARKET, 2019–2021
     13.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN THE MARKET IN 2021
             FIGURE 48 MARKET SHARE ANALYSIS OF KEY PLAYERS IN MARKET IN 2021
             TABLE 184 COLLABORATIVE ROBOT MARKET: DEGREE OF COMPETITION
             TABLE 185 COLLABORATIVE ROBOT INDUSTRY  RANKING ANALYSIS
     13.5 COMPANY EVALUATION QUADRANT, 2021
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                        FIGURE 49 COBOT MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     13.6 COMPETITIVE BENCHMARKING
             13.6.1 COMPANY FOOTPRINT, BY PAYLOAD (18 COMPANIES)
             13.6.2 COMPANY FOOTPRINT, BY INDUSTRY (18 COMPANIES)
             13.6.3 COMPANY FOOTPRINT, BY REGION (18 COMPANIES)
             13.6.4 COMPANY PRODUCT FOOTPRINT
     13.7 STARTUP/SME EVALUATION QUADRANT, 2021
             13.7.1 PROGRESSIVE COMPANIES
             13.7.2 RESPONSIVE COMPANIES
             13.7.3 DYNAMIC COMPANIES
             13.7.4 STARTING BLOCKS
                        FIGURE 50 COLLABORATIVE ROBOT MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2021
                        TABLE 186 MARKET: LIST OF KEY STARTUPS/SMES
                        TABLE 187 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.8 COMPETITIVE SCENARIO AND TRENDS
             13.8.1 PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 188 COBOT MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2020–2022
             13.8.2 DEALS
                        TABLE 189 COBOT MARKET: DEALS, 2020–2022

14 COMPANY PROFILES (Page No. - 236)
     14.1 INTRODUCTION
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)* 
     14.2 KEY PLAYERS
             14.2.1 UNIVERSAL ROBOTS A/S
                        TABLE 190 UNIVERSAL ROBOTS A/S: BUSINESS OVERVIEW
                        TABLE 191 UNIVERSAL ROBOTS A/S: PRODUCT LAUNCHES
                        TABLE 192 UNIVERSAL ROBOTS A/S: DEALS
             14.2.2 FANUC CORPORATION
                        TABLE 193 FANUC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 51 FANUC CORPORATION: COMPANY SNAPSHOT
                        TABLE 194 FANUC CORPORATION: PRODUCT LAUNCHES
                        TABLE 195 FANUC CORPORATION: DEALS
             14.2.3 ABB
                        TABLE 196 ABB: BUSINESS OVERVIEW
                        FIGURE 52 ABB: COMPANY SNAPSHOT
                        TABLE 197 ABB: PRODUCT LAUNCHES
                        TABLE 198 ABB: DEALS
             14.2.4 TECHMAN ROBOT INC.
                        TABLE 199 TECHMAN ROBOT INC.: BUSINESS OVERVIEW
                        TABLE 200 TECHMAN ROBOT INC.: DEALS
             14.2.5 KUKA AG
                        TABLE 201 KUKA AG: BUSINESS OVERVIEW
                        FIGURE 53 KUKA AG: COMPANY SNAPSHOT
                        TABLE 202 KUKA AG: PRODUCT LAUNCHES
                        TABLE 203 KUKA AG: DEALS
             14.2.6 DOOSAN ROBOTICS INC.
                        TABLE 204 DOOSAN ROBOTICS INC.: BUSINESS OVERVIEW
                        TABLE 205 DOOSAN ROBOTICS INC.: PRODUCT LAUNCHES
                        TABLE 206 DOOSAN ROBOTICS INC.: DEALS
             14.2.7 DENSO CORPORATION
                        TABLE 207 DENSO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 54 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 208 DENSO CORPORATION: DEALS
             14.2.8 YASKAWA ELECTRIC CORPORATION
                        TABLE 209 YASKAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 55 YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 210 YASKAWA ELECTRIC CORPORATION: DEALS
             14.2.9 RETHINK ROBOTICS GMBH
                        TABLE 211 RETHINK ROBOTICS GMBH: BUSINESS OVERVIEW
                        TABLE 212 RETHINK ROBOTICS GMBH: PRODUCT LAUNCHES
                        TABLE 213 RETHINK ROBOTICS GMBH: DEALS
             14.2.10 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
                        TABLE 214 AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD: BUSINESS OVERVIEW
     14.3 OTHER KEY PLAYERS
             14.3.1 SIASUN ROBOT & AUTOMATION CO. LTD.
             14.3.2 FRANKA EMIKA GMBH
             14.3.3 COMAU SPA
             14.3.4 F&P ROBOTICS AG
             14.3.5 STΔUBLI 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 ROBOT
             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
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.  

15 APPENDIX (Page No. - 284)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved 4 major activities in estimating the size of the collaborative robot market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Further, market breakdown and data triangulation were used to determine the market sizes of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include organizations such as Robotics Business Review, International Federation of Robotics (IFR), Association for Unmanned Vehicle Systems International (AUVSI), IEEE Robotics and Automation Society, The Robotics Society of Japan, Chinese Association of Automation, and so on; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, and business. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the collaborative robot market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (commercial application providers) and supply-side (equipment manufacturers and distributors) players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (South America, Middle East & Africa). Approximately 75% and 25% of primary interviews were conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In canvassing primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings described in the remainder of this report.

Breakdown of Primary Participants

Collaborative Robot (Cobot) Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the collaborative robot market. These methods were also extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • In terms of value, the supply chain and market size were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been considered while calculating and forecasting the market size.

Global Collaborative Robot Market Size: Bottom-Up Approach

Collaborative Robot (Cobot)  Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes explained above-the market was split into several segments and sub-segments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

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: North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value and volume
  • To provide detailed information regarding 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 within 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 acquisitions, product launches and developments, and research and developments in the market

Note:

1. Micromarkets are defined as further segments and subsegments of the collaborative robot market included in the report.

2. Core competencies of the companies are defined in terms of their key developments, products offered, and key strategies adopted by them to sustain in the

Customization Options:

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 5)
Report Code
SE 4480
Published ON
Nov, 2022
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