Collaborative Robots Industry Overview

The global collaborative robot market size is anticipated to reach USD 11.64 billion by 2030, exhibiting a CAGR of 31.6% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.

Over the past few years, the growing interest in robot technology across various industries has positively impacted the collaborative robots industry. Unlike conventional industrial robots, cobots are developed to operate at par with their human counterparts. They are mobile and can be easily moved from one area of a manufacturing facility to another. Moreover, they can be programmed with ease, are more cost-effective than their fixed counterparts, and can be used in a wide range of low-speed, repetitive applications.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

The increasing need for highly efficient and user-friendly robots that do not require highly skilled experts for deployment and functioning has created a significant demand for software platforms. These platforms allow the integration of robots, motion control, and the generation of an interface that enables the programming of such robots. For instance, Mitsubishi Electric Corporation has launched a cobot named MELFA ASSISTA equipped with RT VisualBox, the company’s engineering software. This software allows the intuitive creation of operating sequences by connecting block diagrams in a chain of events, including linking with other devices, such as cameras and the hands of the robot.

The increasing demand from industrial customers, researchers, and engineers further strengthens the outlook of the collaborative robots industry. These robots are being deployed across various industries and have been highly influential in addressing the challenges faced by the logistics sector, such as complex work processes, and managing several tasks in different combinations and compact spaces.

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Collaborative Robot Market Segmentation

Grand View Research has segmented the global collaborative robot market report based on payload capacity, application, industry vertical, and region:

Collaborative Robot  Payload Capacity Outlook (Revenue, USD Million, 2018 - 2030)

• Up to 5Kg
• Up to 10Kg
• Above 10Kg

Collaborative Robot Application Outlook (Revenue, USD Million, 2018 - 2030)

• Assembly
• Pick Place
• Handling
• Packaging
• Quality Testing
• Machine Tending
• Gluing Welding
• Others

Collaborative Robot Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive
• Food Beverage
• Furniture Equipment
• Plastic Polymers
• Metal Machinery
• Electronics
• Pharma
• Others

Collaborative Robot Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Australia
  • Japan
  • India
  • South Korea
• Latin America
  • Brazil
• Middle East Africa
  • South Africa
  • Saudi Arabia
  • UAE

Key Companies profiled:

• ABB Group
• DENSO Corporation
• Epson America Inc.
• AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
• Comau S.p.A.
• Energid Technologies Corporation
• Fanuc Corporation
• KUKA AG
• Rethink Robotics GmbH
• Robert Bosch GmbH
• Techman Robot Inc.
• Universal Robots
• Yaskawa Electric Corporation
• Precise Automation, Inc.
• MRK-Systems GmbH

Key Collaborative Robot Company Insights

Some of the key players operating in the market include ABB Group, and KUKA AG.

• ABB Group operates in power, robotics, and automation technology. It has four business divisions, including electrification products, discrete automation and motion, process automation, and power grids. The company’s product offering includes a series of collaborative robots such as YuMi, GoFa, and SWIFTI. It has a vast geographic presence across North America, South America, Asia Pacific, Europe, and the Middle East and Africa.
• KUKA AG is a German supplier of intelligent automation solutions, involved in the development, production, and sales of industrial robots, controllers, and related software. The company specializes in industrial robotics, service robotics, automation, software, and controllers. Its major business units include KUKA Industries, KUKA Robotics, KUKA Systems, and Swisslog.

Recent Developments

• In September 2024, ABB Robotics (ABB Group) launched its new Ultra Accuracy feature for the GoFa collaborative robot family, achieving over ten times greater path accuracy than other cobots on the market, with a precision of 0.03 mm. This advancement addresses the growing demand for high precision in industries such as electronics, automotive, aerospace, and metal fabrication, where exact positioning is crucial for maintaining product quality. 
• In July 2024, KUKA launched the “LBR iisy”, a collaborative robot designed to make robotics accessible to users with no prior experience. This innovative robot emphasizes simplicity, featuring a straightforward setup process that allows for quick unboxing and commissioning, even for those with minimal technical expertise.
• In March 2024, At MODEX 2024, Schneider Electric unveiled its new line of collaborative robots, including the Lexium RL 3 and RL 12 models, with the Lexium RL 18 set to launch later this year. These robots are designed for high-speed motion and can control up to 130 axes from a single processor, addressing challenges in production flexibility and sustainability for manufacturers.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.