Collaborative Robot Market Size and Growth Analysis is Expected to Reach USD 20,258.74 Million by 2032 at CAGR of 32.5% from 2024 to 2032 | PMR

𝐖𝐢𝐭𝐡 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟑𝟐.𝟓%, 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞 𝐑𝐨𝐛𝐨𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐨𝐯𝐞𝐫 𝐔𝐒𝐃 𝟐𝟎,𝟐𝟓𝟖.𝟕𝟒 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐 𝐟𝐫𝐨𝐦 𝐚𝐧 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐔𝐒𝐃 𝟏𝟔𝟏𝟒.𝟗𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

Collaborative robots, also known as cobots, operate safely alongside humans. They are usually designed to take on repetitive, menial tasks, liberating humans to focus on more crucial and enjoyable parts of their jobs. Due to sensors installed in them, cobots can explore their environment, and if a cobot's movements are disrupted, a safety mode is triggered. To further enhance their convenience and safety, cobots are frequently smaller and move more slowly than standard robots.

𝐅𝐢𝐥𝐥 𝐮𝐩 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐦𝐚𝐢𝐥 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰 @ https://www.polarismarketresearch.com/industry-analysis/collaborative-robot-market/request-for-sample

𝑲𝒆𝒚 𝑷𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒏𝒕𝒔

The industry is characterized by intense competition, and the top companies depend on superior goods, advanced technology, and a strong brand identity to boost sales. Here are some of the major players operating in the industry:

• ABB Group
• DENSO Robotics
• Energid Technologies Corporation
• Epson Robots
• F&P Robotics AG
• Fanuc Corporation
• KUKA AG
• MRK-Systeme GmbH
• Precise Automation, Inc
• Rethink Robotics, Inc
• Robert Bosch GmbH
• Universal Robots A/S
• Yaskawa Electric Corporation

𝑩𝒖𝒚 𝑵𝒐𝒘 𝑻𝒉𝒊𝒔 𝑷𝒓𝒆𝒎𝒊𝒖𝒎 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑹𝒆𝒑𝒐𝒓𝒕𝒔: https://www.polarismarketresearch.com/buy/2975/2

𝑮𝒓𝒐𝒘𝒕𝒉 𝑭𝒂𝒄𝒕𝒐𝒓𝒔

• Many large-scale enterprises have found that automation is a crucial tactic for increasing production efficiency while cutting costs. As an increasing number of businesses adopt automation, collaborative robot usage has increased in the industrial technology sector.

• Innovations like touchscreen technology, higher-resolution screens, more powerful processors, and the incorporation of Industrial Internet of Things (IIoT) features are revolutionizing human-machine interaction. With the Human-Machine Interface (HMI), these enhancements enable operators to monitor robots remotely from anywhere.

𝑪𝒐𝒍𝒍𝒂𝒃𝒐𝒓𝒂𝒕𝒊𝒗𝒆 𝑹𝒐𝒃𝒐𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝑹𝒆𝒑𝒐𝒓𝒕 𝑯𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔
• The 5kg segment accounted for the largest revenue share in the forecast period, Collaborative robots with a 5kg payload capacity are versatile and widely used in factory automation and the automotive industry. They operate at 1.2 meters per second, offer a 1000mm reach, and are compatible with providing safety, adaptability and repeatability. These robots are highly adaptable and ideally suited for tasks such as assembly, pick-and-place operations, packaging, and the handling of small components across diverse industries, including electronics, automotive, consumer goods, and pharmaceuticals.

• The automotive segment expected to dominate the market share during the forecast period. Collaborative robots or cobots have a wide range of applications, including handling materials, quality assurance, painting and finishing, testing, and assembly line operations. They work closely with human operators, providing essential support and improving efficiency and worker safety. Cobots are crucial for engine assembly, installing electrical systems, and assembling interior and exterior components.

• Europe is anticipated to dominate the market in the forecast period. Collaborative robots (cobots) are increasingly integrated into various industries in Europe, including automotive, electronics, manufacturing, healthcare, and logistics. The region's strong industrial foundation, particularly in Italy, France, the United Kingdom, and Germany, is conducive to the deployment of cobots. Europe's commitment to innovation and safety standards has led to the adoption and expansion of cobots, designed to work safely alongside human employees in industrial settings.

• The Asia-Pacific region accounted for the fastest growth in the forecast period. Governments in this region have promoted collaborative robots for industrial growth, implementing initiatives, policies, and financial support. Rising labor costs and aging populations in countries like China and Japan have increased demand for automation solutions, particularly collaborative robots. Cobots are cost-effective, enhance efficiency, and reduce reliance on manual labor.

𝑬𝒙𝒑𝒍𝒐𝒓𝒆 𝑻𝒉𝒆 𝑪𝒐𝒎𝒑𝒍𝒆𝒕𝒆 𝑪𝒐𝒎𝒑𝒓𝒆𝒉𝒆𝒏𝒔𝒊𝒗𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 𝑯𝒆𝒓𝒆: https://www.polarismarketresearch.com/industry-analysis/collaborative-robot-market

𝑴𝒂𝒓𝒌𝒆𝒕 𝑺𝒆𝒈𝒎𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏

The collaborative robot market analysis is mainly based on the

Throughout the forecast period, the 5 kg sector generated the highest revenue share, according to payload capacity analysis. Highly adaptable collaborative robots with a 5 kg payload capacity are employed in the automotive sector and for industrial automation activities.

Furthermore, according to the industry vertical analysis, the automotive sector is anticipated to lead the market over the projected period. These collaborative robots are widely used in a variety of automotive applications.

• By Payload Capacity
o Up to 5kg
o Up to 10kg
o Above 10kg

• By Industry Vertical
o Metal & Machinery
o Automotive Plastic & Polymers
o Furniture & Equipment
o Electronics
o Food & Beverage
o Pharma
o Others

• By Application
o Handling
o Packaging
o Assembly
o Pick & Place
o Quality Testing
o Machine Tending
o Gluing & Welding
o Others

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐇𝐞𝐦𝐨𝐩𝐡𝐢𝐥𝐢𝐚 𝐀 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/hemophilia-a-treatment-market.
𝐀𝐮𝐭𝐨𝐢𝐦𝐦𝐮𝐧𝐞 𝐃𝐢𝐬𝐞𝐚𝐬𝐞 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:https://www.polarismarketresearch.com/industry-analysis/global-autoimmune-disease-diagnostics-market
𝐏𝐫𝐮𝐫𝐢𝐭𝐮𝐬 𝐓𝐡𝐞𝐫𝐚𝐩𝐞𝐮𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/global-pruritus-therapeutics-market
𝐆𝐞𝐧𝐞𝐭𝐢𝐜 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/genetic-analysis-market
𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐈𝐧𝐣𝐞𝐜𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/wearable-injectors-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.