According to MarkNtel Advisors’ research report “Global Collaborative Robots (COBOTS) Market Analysis, 2020”, the market size of Global Collaborative Robots market in terms of value is forecast to grow at a CAGR of around 45% during 2020-25, owing to the increasing investments by the manufacturers on automation of processes, market expansion across geographies and the business sectors, and converting their conventional processes into un-manned, automated processes. Furthermore, the technological advantages of the COBOTS over the traditional industrial robots in terms of efficient human-machine interface (HMI), one-stop solution, and non-restricted, multi-variant functionalities across varied application areas has been boosting the global collaborative robots market.
Rising Traction Towards Automation Driving Heavy Sales of COBOTS in Automotive Industry
The demand for the industrial collaborative robots is expected to grow across the different end user industries in the years to come, as a result of operational advantages witnessed by the verticals in terms of high return on investments (ROI), easy assembling of the industrial products, higher assistance to the workforce, improved production efficiency, reducing operational cost, as revealed by Markntel Advisors’ research report on “Global Collaborative Robots (COBOTS) Market Analysis, 2020”. In 2019, the automotive sector held the largest market share in the global COBOTS market, followed by electrical and electronics industry. The increasing adoption of the automation in the automotive industry with the main focus towards reducing time & cost and convenient material handling is spurring the market for robotic material handling equipment’s in the automotive industry.
However, despite the high intelligence, and improved functionality, the COBOTS lacks with the ability of cognitive learning, based on the unpredictive human behavior and thought, which is creating a restriction to develop a true collaborative environment. Also, the confined rules and standards designed by the International Organization for Standards, and the American National Standards Institute regarding the human-robot collaborative operations, specifying the speed, power, stopped-state monitoring, and hand guiding is limiting high-speed operational efficiency of the COBOTS.
Assembling and Disassembling Application Segment Holding the Leading Position
The Assembly and Disassembling application of the collaborative robots is expected to attain the highest CAGR during the forecast period and maintain its significant market share. However, with the integration of the AI and machine learning tools, the other application segments such as testing and inspection, molding and polishing segment is expected to grow in the near future. Also, due to the high pay load capacity of the COBOTS, the demand for the collaborative robotic material handling equipment is increasing in the aligned industries, that would surge the market size of the global collaborative robots market.
According to MarkNtel Advisors, the key market players in the Collaborative Robots Markets with substantial market share includes ABB, AUBO Robotics, Bosch Rexroth AG, F&P Robotics, Comau, Denso Robotics, Fanuc, Kuka, Nachi Robotic, Precise Automation, Others.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Collaborative Robots (COBOTs) Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Collaborative Robots (COBOTs) Market?
4. Who are the key competitors or market players and how they perform in Global Collaborative Robots (COBOTs) Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Collaborative Robots (COBOTs) Market study?
Market Outlook, Segmentation and Statistics
- Market Size & Analysis
·By Revenues
- Market Share & Analysis
- Material Handling
- Pick and Place
- Packaging
- Machine Tending
- Parts Assembling
- CNC Machine Tending
- Testing & Inspection
- Molding
- Polishing
- Assembling and Disassembling
- Screw Driving
- Nut Fastening
- Adhesion & Welding
- Metals & Machining
- Others
- Upto 5 Kg
- 5 to 10 Kg
- More than 10 Kg
- Food & Beverages
- Automotive
- Healthcare & Pharmaceuticals
- Aerospace & Defense
- Metallurgy
- Chemicals
- Electronic & Electrical Manufacturing
- Automobiles
- Others
- North America
- United states
- Canada
- Mexico
- South America
- Brazil
- Europe
- Germany
- United Kingdom
- France
- Italy
- Denmark
- Norway
- Sweden
- Austria
- Netherland
- Poland
- Spain
- Russia
- Czech Republic
- Slovakia
- Hungary
- Romania
- Middle East & Africa
- Saudi Arabia
- South Africa
- Asia-Pacific
- China
- India
- South Korea
- Australia
- Japan
- Malaysia
- Singapore
- Sri Lanka
- Revenue Shares
- Strategic Factorial Indexing
- Competitor Placement in Markntel Quadrant
- Global Collaborative Robots (COBOTs) Market Business Case
- Food & Beverages
- Healthcare & Pharmaceuticals
- Aerospace & Defense
- Metallurgy
- Chemicals
- Electronic & Electrical Manufacturing
- Auto Manufacturing
- North America Collaborative Robots (COBOTs) Market Outlook, 2015-2025F (USD Million)
- South America Collaborative Robots (COBOTs) Market Outlook, 2015-2025F (USD Million)
- Europe Collaborative Robots (COBOTs) Market Outlook, 2015-2025F (USD Million)
- Middle East & Africa Collaborative Robots (COBOTs) Market Outlook, 2015-2025F (USD Million)
- Asia-Pacific Collaborative Robots (COBOTs) Market Outlook, 2015-2025F (USD Million)
- Global Collaborative Robots (COBOTs) Market Policies, Regulations, Product Standard
- Global Collaborative Robots (COBOTs) Market Intellectual Property Rights Analysis
- Global Collaborative Robots (COBOTs) Market Hotspots & Opportunities
- Competition Outlook
- ·Competition Matrix
- ·Company Profiles
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Collaborative Robots (COBOTs) Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of units sold (Thousand).
Q. What would be the growth rate or CAGR of Global Collaborative Robots (COBOTs) Market during 2020-25?
A. The growth rate of of Global Collaborative Robots (COBOTs) Market during 2020-25 is forecast to be around 45%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Collaborative Robots (COBOTs) Market?
A. ABB, AUBO Robotics, Bosch Rexroth AG, F&P Robotics, Comau, Denso Robotics, Fanuc, Kuka, Nachi Robotic, Precise Automation, Productive Robotics, Rethink Robotics, Seiko Epson, Techman, Yaskawa Motoman, Universal Robots, Automata Technologies, Doosan Robotics, Hanwha Group, MABI Robotic, St?ubli International are few of the leading players in the Global Collaborative Robots (COBOTs) Market.
Q. Which Application segment would emerge as an opportunity area for players in Global Collaborative Robots (COBOTs) Market?
A. The Assembly and Disassembling application of the collaborative robots is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which Sector would emerge as an opportunity area for players in Global Collaborative Robots (COBOTs) Market?
A. The automobile sector grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Collaborative Robots (COBOTs) Market.
US $
Euro €
GBP £