HOME Research Insight Universal Robots A/S (Denmark) and ABB Ltd. (Switzerland) are 2 of the key players in the Collaborative Robots Market.

Universal Robots A/S (Denmark) and ABB Ltd. (Switzerland) are 2 of the key players in the Collaborative Robots Market.

The collaborative robots market is gaining significant traction from small and mid- sized enterprises (SMEs) worldwide owing to recognizable benefits of co-bots—reduced total cost of ownership to buyers (compared with other low-payload industrial robots) and one-stop solution for safe working environment. The global collaborative robots market is expected to grow at a CAGR of 56.94% between 2017 and 2023. The market is further estimated to grow at a remarkable rate during the forecast period owing to growing investments in automation by end-user industries to support Industry 4.0 evolution. The major players in the collaborative robots market include ABB (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), Universal Robots A/S (Denmark), Rethink Robotics (US), MRK-Systeme GmbH (Germany), Precise Automation, Inc. (US), Energid Technologies Corporation (US), F&P Robotics AG (Switzerland), MABI AG (Switzerland), Techman Robot for Quanta Storage Inc. (Taiwan), Franka Emika GmbH (Germany), AUBO Robotics Inc. (US), YASKAWA Electric Corporation (Japan), Comau S.p.A (Italy), and KAWADA Robotics Corp. (Japan).

The major players adopted the strategies of agreements, partnerships, and collaborations; product launches; business expansions; and mergers and acquisitions to expand their product portfolios, market shares, and presence in the said market. In June 2016, Universal Robots A/S (Denmark) launched “Universal Robots+”—an online, user-friendly platform allowing users to easily customize robots as per their unique set of requirements. The company also expanded its business operations in the US and India during 2016 to further increase its market reach in these countries

Universal Robots A/S (Denmark) and ABB Ltd. (Switzerland) are 2 of the key players in the collaborative robots market. Universal Robots offers “UR3,” “UR5,” and “UR10” collaborative robots named after their payloads in kilograms. The company launched its first robot in December 2008 and currently leads the collaborative robots sector. Co-bots offered by the company are meant for performing various applications, such as pick and place, injection molding, CNC, packaging and palletizing, quality inspection, assembly, polishing, machine tending, lab analysis, testing, and gluing and welding.

ABB Ltd. (Switzerland) offers IRB 14000 YuMi, a dual-arm collaborative robot, which is essentially meant for a range of light-duty applications, such as small parts assembly, testing and packaging, electronic parts and components assembly, and consumer products assembly. YuMi is available with a payload capacity of 500 g per arm and an overall weight of 38 kg. It can move at a maximum velocity of 1,500 mm/s. ABB also provides software support (under “SISTEMA” brand name) for its YuMi robot. The company mainly focuses on expanding the reach of its co-bots into new geographies and acquiring other market players. In June 2017, ABB expanded the presence of YuMi collaborative robot in the Netherlands by installing 3 YuMi co-bots on a production line at electrification products plant in Ede. In July 2017, ABB further strengthened software support for its robotics business with the acquisition of Bernecker + Rainer Industrie-Elektronik GmbH (Germany).

Related Reports:

Collaborative Robots Market by Payload Capacity (Up to 5 kg, Up to 10 kg, Above 10 kg), Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymer, Food & Agriculture, Healthcare), Application, and Geography - Global Forecast to 2023

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