Collaborative Robot Market

Market Leadership - Collaborative Robot (Cobot) Market

The global collaborative robot market size is projected to grow from USD 981 million in 2020 to USD 7,972 million by 2026; it is expected to grow at a CAGR of 41.8%. Collaborative robots (cobots) are increasingly being adopted for new applications due to various advantages, such as increased productivity, better employee utilization, and employee safety. Cobots not only provide a reduction in operational costs for manufacturers but also provide a fast ROI compared to traditional industrial robots. The affordability of cobots due to decreasing costs and the emergence of companies offering low-cost cobots is another factor driving the collaborative robot market.

Although the collaborative robot market is growing at a swift pace, it is increasingly competitive owing to the emergence of new, regional players entering the market, as well as major players launching new products and expanding to new regions. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market mainly include new product launches, partnerships and collaborations, and expansions. For instance, in September 2019, Universal Robots (Denmark) launched the UR16e collaborative robot with a payload capacity of 16 kg for automating tasks such as heavy-duty material handling, heavy-part handling, and machine tending. The robot is expected to reduce the ergonomic and productivity challenges associated with lifting and moving heavy parts and products. In April 2018, at Hannover Messe 2018, KUKA (Germany) showcased a prototype of its new collaborative robot, the LBR iisy, with a payload of 3 kg. The robot is expected to extend the company’s portfolio of collaborative robots. Apart from this, market players have also adopted the strategies of partnerships and collaborations and expansions. For instance, in January 2020, Universal Robots (Denmark) formed a collaboration with DLL (Netherlands) to offer a cobot leasing program. DLL will offer customers tailor-made low risk and financially friendly financing and leasing programs. This will enable customers to purchase collaborative robots at a fraction of the original cost. In October 2019, Doosan Robotics (South Korea) announced the opening of its new headquarters in the US at Buford, Georgia. The new office will serve as the headquarters for sales, marketing, training, and customer service in the Americas, thereby accelerating the company’s distribution efforts in the region.

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Techman Robot (Taiwan), also known as TM Robot, is a proprietary brand of Quanta Storage Inc., a Taiwan-based provider of optical storage products to computer manufacturers globally. Quanta Storage Inc. was founded in 1988 and established its robotics R&D field in 2012 to enter the collaborative robot market with the Techman brand. In May 2018, Techman Robot and OMRON (Japan) signed an agreement to form a strategic alliance in the area of collaborative robots. Through this agreement, OMRON would globally market collaborative robots from Techman Robots under a co-branded logo through its worldwide distribution network. Techman offers its collaborative robots in three categories; Regular Payload Series, Medium – Heavy Payload Series, and Mobile Series.  Under the Regular Payload Series, two variants are offered: the TM5-700 and TM5-900, with payload capacities of 6 kg and 4 kg, respectively, where the numbers after the hyphen denote the reach in mm. Under the Medium – Heavy Payload Series, two variants are offered: the TM12 and TM14, with payload capacities of 12 and 14 kg, respectively. The Mobile Series robots are slightly modified versions of the existing robots with an inbuilt VDC supply for use in Autonomous Mobile Robots (AMR). A standout feature of these collaborative robots is that they have an inbuilt vision system attached to the flange of the robot. The company also offers the TM Plug&Play solution, listing compatible third-party end effectors, force/torque sensors, tool changers, industrial cameras, controllers, offline programming software, and other accessories such as hoses, clamps, and covers. Some of the key applications of these collaborative robots include testing; pick and place; and assembly and disassembly. Future plans of the company include collaborating with OMRON to develop the next generation of collaborative robots that will be easier to integrate with OMRON’s factory automation products such as autonomous mobile robots (AMR). Techman Robot currently has one subsidiary in China, Techman Robot (Shanghai) Ltd., and branch offices within China and South Korea. The company also has authorized distributors located in the US, Canada, Mexico, Chile, China, Australia, Germany, UK, Spain, Italy, Netherlands, Denmark, Austria, Portugal, Poland, Hungary, Finland, Czech Republic, Slovenia, Belarus, Turkey, Israel, Japan, South Korea, Thailand, Vietnam, Philippines, Singapore, India, Indonesia, and Taiwan.

Doosan Robotics (South Korea) exclusively designs and manufactures collaborative robots. It operates its R&D center, Innovation Lab and Prototyping Lab in South Korea. The parent company of Doosan Robotics, Doosan Group (South Korea), was founded in 1896 and is listed in the Fortune Global 500; it has 36 subsidiaries worldwide. Doosan has developed the robot hardware and software completely in-house, incorporating elements based on the precision machining and control technology from its machine tools business, hardware design and engineering technology from its excavator and industrial vehicle business, and the R&D capabilities of SD Mecatec (South Korea), a Cartesian robot manufacturer. Under its flagship M Series line-up, which was first commercialized in 2018, Doosan Robotics offers four robots: M0609, M1509, M1013, and M0617, where the first two numbers indicate the payload capacity in kg and the last two digits indicate the reach. Doosan’s robots are equipped with their own proprietary torque sensors on all six joints, which provides collision sensitivity. Four additional options are available for the robot: Direct Control Unit: Cockpit, Mobile Base, Stain-Resistant Model, Dress Pack, and Robot Jacket. The Direct Control Unit: Cockpit includes five buttons integrated into the robot for external control. The Stain-Resistant model provides enhanced anti–stain function for work environments exposed to contamination. The Dress Pack includes cable brackets and the Robot Jacket consists of a protective cover that protects the robot from contamination by liquids used during cutter support work and other applications. The robots are also intuitive to teach and easy to operate, enabling customers to take full control without having to write complicated programming scripts. They are used across vertical markets that include automotive, electronics, and academic research executing applications such as inspection, assembly and placement of parts. Doosan Robotics, which started mass-producing collaborative robots in 2017, has secured 13 sales networks in eight countries, including China and France. The company is also looking to expand its network in China. Its first distributor in China is Linkhou, a Suzhou-based company that specializes in providing core components and parts to the smart manufacturing and industrial automation sector. The company has set up its US headquarters with distributors in Canada and Mexico and has increased its number of sales agencies in the APAC region.

Related Reports:

Collaborative Robot (Cobot) Market by Payload, Component (End Effectors, Controllers), Application (Handling, Assembling & Disassembling, Dispensing, Processing), Industry (Electronics, Furniture & Equipment), and Geography – Global Forecast to 2026

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