Mobile Cobots Market - Play a Big Role in the Development of Industry 4.0 and the Industrial Internet of Things

Market Highlights

Mobile collaborative robots or mobile cobots are highly efficient industrial robots operational with human interaction. Mobile cobots with advanced features such as superior sensitivity, bionic motions, on-the-fly switches concerning autonomous & supervised tasks are replacing traditional robots utilized for heavy lifting and rapid movements. Additionally, advancements in sensor & vision technology, with robust and flexible nature of the technology helps to yield better accuracy with higher output.

Few factors enhancing the market growth include free navigation with no workspace retrofit, rapid installation, and safe operation alongside people. Furthermore, self- capable of planning alternate routes, and collaboration in fleets and job management & WMS integration are also few reasons accelerating the mobile cobots industry. Moreover, flawless performance with no breakage, easy traceability, optimized WIP movement, flexibility, and redeployed labor to high value-add tasks are also influencing the technology growth positively.

Top Players

The key players operating in the mobile collaborative robots market are ABB, Ltd., Robert Bosch Ltd., Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Fanuc Corporation, and other regional players. Majorly, the players adopt various strategies such as merger & acquisition, agreements, contracts, new product launch and partnership, with the purpose of gaining a competitive advantage. For instance, in 2017, Tennplasco has invested in Rethink Robotics’ Sawyer-robot to resolve labor shortage issues for meeting the ROI. Furthermore, Epson extended the industrial line of SCARA robots with introduction of a model “T3 robot”.

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Market Outlook

Low price of collaborative robots and high ROI rates are also drawing attraction of SMEs, leading to the huge investments in robotics. Collaborative robots offer abundant opportunities for companies owing to their low initial investment, short integration time, & ease of use. Although, several industries are accepting cobots at a substantial rate; there are still some challenges procrastinating the technology growth such as lack of skilled labor force, cyber security threats, compliance with stringent regulations, and inability in unstructured work environment.

Market Segments

Global mobile cobots market is segmented into payload capacity, application, and industry. On the basis of payload capacity, the sector has been further segmented as up to 5 kg, up to 10kg, and above 10kg. Based on applications, as the segment is bifurcated into assembly, pick & place, machine tending, quality testing, handling, packaging and palletizing, gluing and welding, and others. Other segment includes painting and polishing, testing, press tending, lab analysis, injection molding, screw driving, analysis, and specimen processing. Industry segment includes the deployment of mobile cobots in automotive, electronics, metal & machining, plastics & polymer, food & agriculture, healthcare, furniture & equipment, and others. Other industry segment includes logistics (3PL), die cast, scientific research, consumer goods, education, and foundry robots.

Regional Analysis

The cobots industry is projected to gain traction in Europe region owing to favorable regulations promoting cobots applications across industries for reducing the need for safety barriers between humans and robots. High acceptance of technically innovative assets is also boosting the market significantly. Various regulations related to safety standards and constant developments in sensor technology along with increasing focus on safety sensors are spurring the growth in North America region. The growth in Asia Pacific and Rest of the World will be accompanied with the growing trend of industrial automation and prosperous development of the automotive sector.

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