Collaborative Robots Market Overview by Advance Technology, Future Outlook 2030

The global collaborative robots market size was valued at USD 1.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.5%, from 2022 to 2030.

Besides, the advent of 5G technology is also expected to stimulate the adoption of cobots in the manufacturing sector. The release of an industrial-grade 5G wireless network by Nokia Corporation to meet the requirements of Industry 4.0 is a prominent example of such developments. The low-latency connectivity offered by the 5G wireless solution will help OEMs enhance robotic automation and increase the productivity, quality, and efficiency of the manufacturing processes.

The deployment of robots in industrial processes has also reduced the number of accident cases at workplaces. Moreover, they also significantly improve the product quality, which is instigating their demand across various companies and enterprises. The increasing adoption of cobots in the electronics, automotive, logistics, machine tooling, packaging, and assembling applications is expected to transform the outlook of the collaborative robots market over the foreseeable future.

Various retailers and e-commerce giants have started investing in robotic technologies as they play a prominent role in managing their logistics and supply chain activities. These companies are actively adopting robotics to assist their workforce in warehouses. The elevating demand for cobots in the logistic sector will provide lucrative growth prospects for the growth of the industry over the forecast timeline.

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Global Collaborative Robots Market: Major Players
Energid Technologies Corporation
Yaskawa Electric Corporation
Denso Corporation
F&P Robotics AG
Precise Automation, Inc.
Others
ABB Group
Rethink Robotics,Inc.
KUKA AG
Fanuc Corporation
Universal Robots A/S

Global Collaborative Robots Market: Types
Up to 5 Kg
From 6 Kg to 10 Kg
Above 10 Kg

Global Collaborative Robots Market: Applications
Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others

Global Collaborative Robots Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Collaborative Robots market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Frequently Asked Question

•What is the global demand for Collaborative Robots in terms of revenue?
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•At what CAGR is the market projected to grow within the forecast period?
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•Which region accounted for the largest share in the market?

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