Collaborative Robot Market Survey Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Collaborative Robot Market Size Research Report – In a Glance

As per the Research report on global Collaborative Robot market, the market is projected to foresee a CAGR of 35.8% between 2024-2033, and further generate a market size of USD 12.6 billion by the end of 2033. In the year 2023, the market size was valued at USD billion.

• The global Collaborative Robot market is projected to grow on account of the increasing adoption across industries.
• In Japan, the Collaborative Robot market growth can be attributed to the advancements in paring robot technology.
• KDMI analyst’s growth analysis foresees safety concerns and regulations to challenge the market growth.
• The Asia Pacific Collaborative Robot market is projected to dominate the global market.

Collaborative Robot Market Analysis

A Collaborative Robot also known as Cobot, is a type of robot which is designed to work alongside humans in a shared workspace safely and efficiently. Unlike traditional industrial robots these Cobots are equipped with advanced sensors and safety features that allow them to interact with humans without the need for physical barriers or protective cages. They are made to assist humans in tasks such as assembly, packaging, and quality inspection, enhancing productivity and flexibility in various industries. The global Collaborative Robot market is rising due to increasing adoption across industries. As businesses are looking forward to enhance productivity and flexibility, Collaborative Robots (Cobots) offer a quality solution by working safely with human workers. Their ability to perform variety of tasks, makes them valuable across sectors, driving the market's growth. Industries driving the adoption of Cobots, such as manufacturing, healthcare, automotive, or electronics, can illustrate the diverse applications and demand drivers within the market. RoboCo Innovations, AutomateX Systems, and Nexus Robotics are some of the significant parties in the global market for Collaborative Robot.

Analyst’s Observation on Japan Collaborative Robot Market Research

In Japan, the market growth for Collaborative Robot can be attributed to the advancements in paring robot technology.           The growth of the Collaborative Robot market is particularly due to the development of sophisticated pairing capabilities. These advancements enable Collaborative Robots (Cobots) to easily integrate with existing systems and work together with humans in shared workspaces. With a strong focus on innovation and precision engineering, Japan's expertise in robot technology drives the adoption of Cobots across industries, contributing to market growth. Case studies on the increasing adoption of Collaborative Robots in Japan shows, those across various industries such as manufacturing, electronics, and automotive real-world impact of technological advancements is rising, driving the market growth. Sakura Robotics, Kyodo Automation, and Kokoro Tech are some of the significant parties in the market for Collaborative Robot in Japan.

Collaborative Robot Market Growth Drivers and Challenges

Cost-Effectiveness and Return on Investment (ROI):

Cobots offer cost-effective solutions, especially for small and medium-sized enterprises (SMEs) or companies that may not have the resources available for large-scale automation projects. This lower investment costs, with the potential for quick ROI due to increased productivity and efficiency, make cobots an attractive investment for businesses looking to manage their operations.

Safety Concerns and Regulations:

While cobots are designed to work safely in accordance with humans, concerns about potential accidents or injuries still exist. Ensuring the safety of human workers in close contact to cobots remains a critical challenge.

Collaborative Robot Market Segmentation

Our experts at KD Market Insights have segmented the global Collaborative Robot market research report as:

Collaborative Robot Market Regional Synopsis

The Asia Pacific Collaborative Robot market is majorly driven by several regional factors. The region's blooming manufacturing sector with increasing labor costs and a focus on workplace safety, increases the demand for Collaborative Robots (Cobots) to support human workers in production environments. Also, supportive government policies or initiatives promoting automation and Industry 4.0 adoption drives the market expansion. As businesses across various industries are trying to improve efficiency and competitiveness, the Asia Pacific region emerges as a key market for the adoption and deployment of Cobots.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Collaborative Robot market growth:

• TechRobo Solutions
• AsiaCobotics
• PacificBotics
• CollaboraTech Asia
• RoboNexa Solutions

Collaborative Robot Market Competitive Landscape

Some of the key players who top the global Collaborative Robot market share:

• Universal Robots A/S
• FANUC CORPORATION
• ABB
• TECHMAN ROBOT INC.
• AUBO ROBOTICS TECHNOLOGY CO., LTD
• KUKAAG
• Doosan Robotics Inc.
• Denso Corporation
• YASKAWA ELECTRIC CORPORATION
• Rethink Robotics GmBH
• Siasun Robot & Automation Co., Ltd.
• Franka Emika GmbH

Collaborative Robot Market Recent Developments

• TECHMAN ROBOT INC. (Taiwan) revealed the TM AI Cobot TM25S at iREX 2023, showcasing its 25kg payload capacity and advanced features for precision tasks. The cobot's integration with NVIDIA's Isaac Sim platform streamlined production line inspections, reducing programming timing times by 70% and cycle times by 20%.
• Universal Robots A/S and SICK AG collaborated on an innovative safety solution addressing the need for enhanced safety measures in specific human-robot collaborative applications. The SICK safety extension, designed in close partnership with Universal Robots, offers a protective volume around the robot tool and handled objects, facilitating easier deployment.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Collaborative Robot Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Payload
      2. By Application
      3. By Industry
      4. By Region
5. Market Segmentation by Payload
   1. Up to 5 kg
   2. 5-10 kg
   3. 10-25 kg
   4. More than 25 kg
6. Market Segmentation by Application
   1. Handling
      1. 1. Pick-and-Place
         2. Material Handling
         3. Packaging & Palletizing
         4. Machine Tending
   2. Dissembling & Assembling
      1. 1. Nut Fastening
         2. Screwdriving
   3. Soldering &Welding
   4. Dispensing
      1. 1. Gluing
         2. Painting
   5. Processing
      1. 1. Grinding
         2. Milling
         3. Cutting
   6. Others
      1. 1. Inspection and Quality Testing
         2. Die-Casting and Molding
7. Market Segmentation by Industry
   1. Automotive
   2. Electronics
   3. Metals & Machining
   4. Plastics & Polymers
   5. Food & Beverages
   6. Furniture & Equipment
   7. Healthcare
   8. Logistics
   9. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Payload, By Application and By Industry
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Payload, By Application and By Industry
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1.  Universal Robots A/S
      2. FANUC CORPORATION
      3. ABB
      4. TECHMAN ROBOT INC.
      5. AUBO ROBOTICS TECHNOLOGY CO., LTD
      6. KUKAAG
      7. Doosan Robotics Inc.
      8. Denso Corporation
      9. YASKAWA ELECTRIC CORPORATION
      10. Rethink Robotics GmBH
      11. Siasun Robot & Automation Co., Ltd.
      12. Franka Emika GmbH
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References