Mobile Cobot Market Size, Share, Competitive Landscape And Trend Analysis, Global Opportunity Analysis And Forecast 2024-2031 | Universal Robots , Rethink Robotics , ABB , Fanuc

Market Overview:

Mobile cobots, also known as collaborative robots, are designed to work safely alongside humans in industrial settings. They are equipped with advanced sensors for palletizing, packaging, pick and place operations.

Market Dynamics:

The increasing adoption of mobile cobots for palletizing and packaging application is estimated to drive the market growth over the forecast period. Mobile cobots are increasingly used in warehouses and distribution centers for palletizing and packaging products with high efficiency and accuracy. They reduce labor costs and improve productivity significantly for these tasks compared to manual labor. In addition, rising labor costs and shortage of labor are also fueling the demand for mobile cobots across industries. The integration of advanced technologies such as artificial intelligence and machine learning is further enhancing the capabilities of mobile cobots.

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Mobile Cobot Market Drivers: Adoption of Mobile Cobots to Increase Productivity and Reduce Labor Cost :

The adoption of mobile cobots is growing in manufacturing industries as these cobots help increase productivity and reduce labor cost. Mobile cobots equipped with advanced sensors and vision systems can perform variety of repetitive and dangerous tasks faster than humans. They can work 24/7 without taking breaks which significantly improves production output. Additionally, mobile cobots eliminate risks of injuries to human workers while performing tasks like material handling, assembly and packaging. With advancements in AI and computer vision technologies, mobile cobots are capable of performing complex tasks autonomously without human supervision. This reduces the need for hiring additional human labor thereby lowering production costs for manufacturers. As labor costs continue to rise globally, more companies are investing in mobile cobots as a sustainable solution to rising wages. The payback period for mobile cobots is also reducing which is further driving their adoption across industries.

Mobile Cobot Market Driver: Ease of Deployment and Remote Management of Mobile Cobots :

The installation and setup of mobile cobots is much simpler compared to stationary industrial robots. Mobile cobots do not require extensive infrastructural changes and can easily be deployed on the existing factory floor without hampering production schedules. Their autonomous navigation abilities allow them to learn factory layouts automatically and move materials within production lines. This plug-and-play capability eases deployment and quick return on investment for manufacturers. Moreover, mobile cobots come equipped with remote management systems that allow monitoring and controlling them from anywhere. System integrators and managers can remotely update their software, assign new tasks and monitor productivity using cloud-based control systems. This eliminates the need for constant on-site supervision and management of mobile cobots. The ease of deployment and remote manageability is a major driver for the growing adoption of mobile cobots across SMEs with limited capital and technical resources for robotics.

Mobile Cobot Market Opportunity: Expanding Applications in Warehouse Automation :

One of the major growth opportunities for mobile cobots lies in expanding their applications for automating warehouse operations. Presently, e-commerce and logistics sectors are facing an acute shortage of labor as order volumes grow exponentially. Mobile cobots equipped with computer vision and navigation abilities are well suited for performingpicking, sorting, packing and delivery related tasks inside warehouses and fulfillment centers. They can efficiently retrieve inventory, consolidate orders and transport goods/packages within the facility. This improves order fulfillment speed while ensuring safety of human workers. Additionally, mobile cobots integrated with AR/VR offer new remote assistance applications for warehouse supervisors and operators. The ability to deploy, monitor and control multiple mobile cobots simultaneously for multi-sku order fulfillment creates vast opportunities.

Mobile Cobot Market Trends: Advancements in Vision, Navigation and SKU Recognition Capabilities :

One of the major trends shaping the mobile cobots market is the ongoing advancements in computer vision, navigation and product/SKU recognition capabilities. Manufacturers are developing newer generations of mobile cobots equipped with advanced 3D stereo vision systems, LiDAR and depth sensing cameras for autonomous navigation and inspection in complex industrial settings. Their vision systems combined with machine learning are enabling mobile cobots to identify and pick diverse objects, parts and products from cluttered environments with very high accuracy. This is increasing their applications beyond simple transport and allowing

Some of the Major Companies covered in this Research are:

✦ Universal Robots
✦ Rethink Robotics
✦ ABB
✦ Fanuc
✦ KUKA
✦ Kawasaki

By Types:

✦ 1 to 3 kg Weight Capacity
✦ 3 to 5 kg Weight Capacity
✦ 5 to 10 kg Weight Capacity

By Applications:

✦ Retail
✦ Agriculture
✦ Automotive
✦ Construction
✦ Electronics and Semiconductor
✦ Other

KEY MARKET BENEFITS:

☛ This report provides an extensive quantitative analysis of the present market trends spanning from 2017 to 2024, aiming to pinpoint the prevailing opportunities.
☛ The market estimations presented in this report stem from a thorough analysis of the significant developments within the industry
☛ In-depth analysis based on region assists in understanding the regional market to assist in strategic business planning.
☛ The development strategies adopted by key manufacturers are enlisted in the report to understand the competitive scenario of the market.

Most Frequently Asked Questions:

1. How feasible is the Mobile Cobot market for long-term investment?
2. What are the influencing factors driving the demand for this market in the future?
3. What is the impact analysis of various factors in the global market growth?
4. What are the recent trends in the regional market and how successful they are?
5. What will be the market value in the future?
6. What are the key opportunities of the market?
7. Who are the major players operating in the market?

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