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Collaborative Robots (Cobots)

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Market Snapshot.

The collaborative robots (cobots) market is estimated to reach USD 139,679.16 million by 2035 from a market value of USD 2,223.90 million in 2023, and is expected to grow at a CAGR of 41.2% during the forecast period 2023-2035.

Market overview.

Collaborative robots, also known as intelligent assistive devices or cobots, are aimed at human-robot interaction, particularly in shared spaces. The idea behind cobots is collaboration between robots and humans to improve productivity and performance and reduce human error during tasks such as machining and assembly. The advantages of cobots are that they are flexible, easy to use, affordable and can perform the same tasks as humans.

Rising demand for autonomous processes in the production industry to achieve maximum yield and increasing penetration of cobots in end-use industries to minimise human error are driving the growth of the collaborative robots (cobots) market during the forecast period. The main objective of cobots is also to enhance and optimise processes, thereby achieving the desired task in less time with higher accuracy and precision. This is also estimated to fuel the growth of the collaborative robots (cobots) market. Furthermore, high return on investment from the use of collaborative robots and low cost of cobots compared to traditional robots also contribute to the growth of the collaborative robots (cobots) market.

However, lack of awareness about cyber safety risks and security of corporate networks is likely to restrain the growth of the collaborative robots (cobots) market during the forecast period.

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Collaborative robots (cobots) market segments

The collaborative robots (cobots) market is segmented by payload (up to 5Kg, up to 10Kg, over 10Kg), by component (hardware, software), by application (handling, assembly & disassembly, welding & soldering, dispensing, processing, others), by end use industry (automotive, electronics, Metals & Machining, Plastics & Polymers, Furniture & Equipment, Healthcare, Others) and by geography. These segments are further subdivided on the basis of various factors and include some additional information about the market, such as the compound annual growth rate of each segment and sub-segment, market value and volume during the assessment period.

Regional overview of the collaborative robots (cobots) market

The collaborative robots (cobots) market is further segmented on the basis of region, with market growth assessed for each country. These include North America (USA, Canada and Rest of North America), Europe (Germany, France, Italy, Spain, UK and Rest of Europe), Asia Pacific (China, Japan, India, Australia, Singapore and Rest of Asia Pacific) and The regions include.

Competitive environment

Key players in the collaborative robots (cobots) market include Fanuc Corporation, Robert Bosch GmbH, Franka Emika GmbH, Yaskawa Electric Corporation, Rethink Robotics, Inc, Precise Automation, Inc, Universal Robots A/S, F&P Robotics AG, Comau SpA, MRK-Systeme GmbH, EPSON Robots and ABB Group. The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these leading companies in the collaborative robots (cobots) market.

For more information on the market research report, please visit: https://www.sdki.jp/reports/collaborative-robot-cobot-market/104973

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Collaborative Robots (Cobots)
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