Collaborative Robot Market

Market Leaders- Top Collaborative Robot (Cobot)

The global collaborative robot (cobot) market 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 growth of this market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, increasing demand in the e-commerce and logistics industries due to contingency of COVID-19, collaborative robots to benefit businesses of all sizes, and increased ease of programming of collaborative robots. However, higher preference for low payload capacity traditional industrial robots over cobots in heavy-duty industries restrain the growth of the collaborative robot (cobot) market.

Collaborative robots paired with AMRs and AGVs to provide a significant market opportunity, robots-as-a-Service model to accelerate the adoption of collaborative robots, and growing demand for automation in the healthcare industry post COVID-19 create opportunities for the collaborative robot (cobot) market.

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

The key players in the collaborative robot (cobot) 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). Other players include Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), Comau S.p.A. (Italy), F&P Robotics AG (Switzerland), Stäubli International AG (Switzerland), Bosch Rexroth AG (Germany), Productive Robotics, LLC (US), Wyzo (Switzerland), Neura Robotics GmbH (Germany), Elephant Robotics (China), Elite Robot (China), Kassow Robots (Denmark), Siasun Robot & Automation Co. Ltd. (China), MIP Robotics (France), and Hanwha Corporation (South Korea).

Universal Robots A/S develops and manufactures collaborative robots (cobots) to automate and streamline repetitive industrial processes. The company raised its initial phase of funding from Syddansk Innovation (Denmark). It was subsequently acquired by the automated equipment manufacturer, Teradyne Inc. (US), in June 2015. It supplies its collaborative robots to various industries such as automotive and subcontractors, electronics and technology, metal and machining, food and beverage, plastic and polymers, medical and cosmetics, education and science, and more industries. Universal Robots exclusively develops collaborative robots, and its product portfolio includes the UR3e, UR5e, UR10e, UR16e, and UR20 robot arms, named after their payload capacity in kilograms.

The new UR20 robot comes with a 1750 mm reach and 20 kg payload capacity, URs next generation cobot handles more tasks, fits more applications, and assists in more environments than ever before. The UR20 is built for higher payloads, faster speeds, and superior motion control all within a lightweight, small footprint system for optimal versatility within your existing production space. No special electrical hookups or costly wiring solutions are required. Even with the big step up in performance, a single-phase standard power outlet is all that’s needed to power the UR20 The company offers the UR+ Solutions platform, providing plug-and-play robot accessories and software from third-party manufacturers such as Robotiq (Canada), Zimmer Group (Germany), PIAB (Sweden), ATI (US), SICK (Germany), and Vention (Canada).

Universal Robots is currently one of the most well-known players in the collaborative robot market. The safety system of the robots is approved and certified by TÜV (The German Technical Inspection Association). The major applications of these robots include pick and place, injection molding, packaging, palletizing, quality inspection, screw-driving, polishing, machine tending, injection molding, lab analysis, testing, gluing, painting, and welding.

The company has 29 offices in 20 countries, including Denmark, the US, Germany, France, Spain, Italy, the Czech Republic, Turkey, China, India, Bangladesh, Singapore, Japan, South Korea, Taiwan, and Mexico. Universal Robots has a global network of around 800 distributors, 400+ certified products & almost 300+ approved developer companies.

In January 2022, the company reported a record annual revenue of USD 311 million, 41% up in 2020 and 23% up on pre-pandemic results in 2019.

FANUC Corporation operates its business through four divisions—FA (Factory Automation), ROBOT, ROBOMACHINE, and Service. The FA Unit encompasses basic technologies consisting of NCs, servos, and lasers, which are also applied to the ROBOT and ROBOMACHINE Units. All collaborative robots are offered under the ROBOT division. Robots offered by the company contribute to automation in the automotive, electric, food & beverages, and pharmaceutical industries, among others. Although the company is known for its traditional industrial robots, it also offers various collaborative robots. FANUC provides collaborative robots that can handle payloads of up to 35 kg, which is higher than the average payload of most collaborative robots available today. These collaborative robots also feature rubberized surfaces to reduce the effects of any collisions and have a distinctive neon green color to differentiate them from the company’s traditional robots. In 2015, FANUC launched its first collaborative robot, the CR-35iA, with a payload capacity of 35 kg and reach of 1,813 mm. Subsequently, the company launched smaller collaborative robots with lower payload capacities. For instance, FANUC offers the CR-4iA collaborative robot with payload capacity and reach of 4 kg and 550 mm, respectively, and the CR-7iA and CR-7iA/L with payload capacities of 7 kg (each) and a reach of 717 mm and 911 mm respectively. Currently the company offers seven collaborative robots in the CR Series range and five collaborative robots in the CRX Series range.

FANUC operates in the APAC, the Americas, Europe, and other regions. Its sales and support services are undertaken through an integrated network of central technical centers and branch offices as well as overseas group companies worldwide; the company has a presence in 100+ countries and 270 service locations. Some of its major subsidiaries are FANUC America Corporation (US), FANUC Europe Corporation (Luxembourg), Beijing-Fanuc Mechatronics Co., Ltd., SHANGHAI-FANUC Robotics CO., LTD., FANUC INDIA Private Limited, Taiwan Fanuc Co., Ltd., and Korea Fanuc Corporation.

ABB is a leading supplier of industrial robots and modular manufacturing systems and services. Its operations are organized through 4 business divisions—Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. All industrial robots offered by the company are handled by its Robotics & Discrete Automation business segment. More than 300,000 ABB robots are estimated to be installed worldwide. ABB’s robotics solutions are used in various industries, such as automotive, metal fabrication, foundry, plastics, food & beverage, chemical, pharmaceutical, consumer electronics, solar, and wood. Welding, material handling, painting, picking, packing, and palletizing are the general industry applications where ABB’s robotics solutions are used. The company’s product portfolio consists of traditional as well as collaborative industrial robots. The robots offered by ABB are of either articulated, parallel, or SCARA design. In addition to standalone robotic arms, the company also provides a variety of special-purpose robots, such as painting robots and door-opening robots. The payload capacity of robots offered ranges from 0.5 kg to 800 kg. ABB Ability Network is a network model for connecting multiple robots and robotic equipment to enable the monitoring and control of the automation process.

ABB has operations in around 100 countries across four regions—Europe, the Americas, Asia, and the Middle East & Africa. Some of its major subsidiaries are ABB Holdings Limited, Warrington (UK), ABB Norden Holding AB (Sweden), ABB Ltd., Seoul (South Korea), ABB K.K., Tokyo (Japan), ABB (China) Ltd., ABB Ltda., Osasco (Brazil), and ABB AG, Mannheim (Germany).

Related Reports:

Collaborative Robot (Cobot) Market 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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Collaborative Robot Market Size,  Share & Growth Report
Report Code
SE 4480
RI Published ON
11/4/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status