Collaborative Robotics Market: Global Industry Analysis and Forecast (2024-2030)

The Collaborative Robotics Market size was valued at USD 1.03 Billion in 2023 and the total Collaborative Robotics Market revenue is expected to grow at a CAGR of 28.9% from 2024 to 2030, reaching nearly USD 6.09 Billion by 2030.
Collaborative Robotics Market Overview:
Collaborative robots are a form of robotic automation built to work safely alongside human workers in a shared, collaborative workspace. In most applications, a collaborative robot is responsible for repetitive, menial tasks while a human worker completes more complex and thought-intensive tasks. The detailed and constructive formation of key drivers, opportunities, and unique segmentation outputs structural and optimistic data. Validated using primary as well as secondary research methodology and scope of the Global Collaborative Robotics Market.

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Collaborative Robotics Market Dynamics

Increased Demand for Automation and Human-Centric Design Bolstering the Collaborative Robotics Market

The Collaborative Robotics Market is experiencing robust growth, driven by a heightened demand for automation within expanding industries. Businesses, seeking solutions to augment efficiency and productivity, are increasingly adopting collaborative robots as a versatile and adaptable automation choice. This trend significantly contributes to the Collaborative Robotics Industry's potential for growth. Collaborative robots are strategically engineered to operate seamlessly alongside humans, fostering collaboration in various tasks. This human-centric tactic not only guarantees safer working surroundings but also reinforces acceptance and implementation across diverse industries, fortifying the Collaborative Robotics Market penetration. The emerging trends in the industry reflect a growing emphasis on human-centric design. Affordability relative to traditional industrial counterparts stands out as a significant driver, amplifying the Collaborative Robotics Market's potential for further expansion. Lesser application costs make collaborative robots an attractive opportunity for businesses seeking cost-effective automation solutions without compromising performance. This innovation in the industry is marked by cost-effective robotic solutions. Continuous innovations in robotics technology play a pivotal role in shaping the Collaborative Robotics Market. Improved sensors, artificial intelligence (AI), and machine learning contribute to the heightened capabilities of collaborative robots, ensuring superior overall performance. This technological progress reinforces the market's competitive edge and augments its market share, reflecting ongoing innovation in the Collaborative Robotics Industry. The heightened safety factor increases their appeal across a diverse range of applications, further solidifying their market share. Safety features represent an ongoing trend in the Collaborative Robotics Industry.

Small and Medium Enterprises (SMEs) Adoption and Cross-Industry Applications emerging opportunities in Collaborative Robotics Market

Collaborative robots present a substantial opportunity for SMEs seeking entry into automation. Their cost-effectiveness and flexibility make them an ideal choice for smaller businesses looking to embrace automation solutions and enhance their operations. This opportunity has the potential to drive Collaborative Robotics Market growth among SMEs, reflecting an opportunity for SME adoption trends in the industry. Beyond manufacturing, collaborative robots find applications in diverse industries such as healthcare, logistics, and agriculture. Exploring these varied sectors offers significant opportunities for market expansion, catering to a broad range of applications and enhancing Collaborative Robotics Market share across industries. This cross-industry application trend contributes to the industry's evolving landscape. The global market for collaborative robotics is experiencing substantial growth as businesses recognize the advantages of automation. Opportunities abound in catering to the international demand for collaborative robotic solutions, contributing to the market's expansion on a global scale and unlocking its full growth potential. International market growth remains a notable trend in the Collaborative Robotics Industry. The ability to tailor collaborative robotics for specific industry needs opens new avenues. Offering specialized solutions that address unique challenges in different sectors provides a strategic opportunity for companies in the Collaborative Robotics Market. This customization potential enhances their market penetration and solidifies their position in specific industry segments, reflecting a trend towards customization and specialization in the Collaborative Robotics Industry.


Collaborative Robotics Market Segment Analysis
Payload Capacity:

Within the Payload Capacity segment majorly showcase growth in forecast period, Collaborative Robotics Market segment analysis, robots equipped with a payload capacity of up to 5kg are meticulously engineered for precision-oriented tasks. These lightweight robots find application in industries such as electronics and assembly, leveraging their versatility and agility for intricate operations. Their substantial share in this segment underscores their exceptional accuracy and efficiency in processes requiring precision. In the segment of up to 10 kg payload capacity, collaborative robots address a wider array of applications, including tasks like gathering and machine tending. Industries, including automotive and metal & machining, advantage from the discriminating payload capacity, facilitating the handling of heavier components. The segment analysis reveals a harmonious balance between strength and versatility, contributing to its noteworthy market share. Collaborative robots designed with a payload capacity exceeding 10 kg are tailored for heavy-duty tasks, particularly in sectors such as automotive, metal & machining, and palletizing. The segment analysis highlights their robust strength and capability, making them indispensable for more substantial manufacturing processes. Their significant market share reflects their pivotal role in ensuring operational efficiency when handling heavier components.

Vertical:

In the vertical segment analysis of the Collaborative Robotics Market, the automotive sector emerges as a key player, employing collaborative robotics for tasks like assembly and machine tending. The flexibility of these robots enhances operational efficiency in the production of automotive components, contributing to streamlined manufacturing processes and reflecting notable growth within this market segment. Within the electronics sector, collaborative robots with precision and speed play an instrumental role in assembly and pick & place applications. The accuracy of these robots is vital for delicately handling electronic components, ensuring efficient and error-free manufacturing processes. The segment analysis highlights their substantial market share and innovation within the industry. Collaborative robots contribute significantly to industries involved in metalworking and machining, undertaking tasks such as pick & place and quality testing. The segment analysis underscores the combination of strength and precision in these robots, optimizing operational processes and reflecting their noteworthy market share within the metal & machining sector. The Collaborative Robotics Market segment analysis reveals diverse applications in the plastics and polymer industries, spanning assembly, quality testing, and packaging. The versatility of collaborative robots addresses the varied needs of plastic manufacturing, ensuring flexibility and efficiency in production processes. Their substantial market share reflects their impactful presence within the plastics & polymer vertical. Within the food and agriculture sector, collaborative robots excel in tasks such as pick & place, packaging, and palletizing. Their ability to handle different shapes and sizes of products contributes to enhanced efficiency in food processing and agricultural operations. The segment analysis highlights their significant market share and emerging trends within the food & agriculture vertical.

Application:

In Application segment, Collaborative robots make a significant contribution to assembly processes across various industries, providing precision and efficiency in the production of complex products. Their ability to collaborate seamlessly with human operators ensures a harmonious and streamlined assembly line, reflecting a considerable market segment share in assembly applications. The pick & place application involves robots picking items from one location and placing them in another. Widely used in industries such as electronics, e-commerce, and logistics, this application enhances efficiency in material handling and distribution processes. The segment analysis emphasizes the substantial market share and ongoing innovation within pick & place applications. Collaborative robots play a pivotal role in machine tending by loading and unloading materials. This application is prominent in manufacturing settings, where these robots contribute to increased automation and reduced human intervention in machine-related tasks. The segment analysis underscores their growing market share and influence in machine tending applications.


Collaborative Robotics Market Regional Analysis
The Collaborative Robotics Market in North America, especially the US, demonstrates robust growth and innovation, fuelled by regional growth factors such as a technologically advanced infrastructure and a high level of automation awareness. The US holds a significant Collaborative Robotics Market share, reflecting its position as a key adopter of collaborative robotic solutions. Industries, including automotive, electronics, and manufacturing, leverage collaborative robots for tasks like assembly, machine tending, and quality testing, contributing to the region's operational efficiency. Notable key players in the North American market further drive regional growth, emphasizing safety features, technological advancements, and seamless integration into existing workflows. In Europe, the Collaborative Robotics Market experiences extensive growth, driven by a robust manufacturing base and the emphasis on Industry 4.0 initiatives. European countries, particularly Germany, France, and the UK, are actively adopting collaborative robots in key industries like automotive and electronics. The regulatory environment supports collaborative robot integration, ensuring safety and compliance. Europe's Collaborative Robotics Market potential is evident in the proactive approach to automation, sustainability, and the demand for flexible manufacturing solutions. Key players in the region contribute to regional growth factors, with innovation in artificial intelligence and machine learning playing a pivotal role in expanding market reach.

The Asia Pacific region emerges as a major growth center for the Collaborative Robotics Market, with notable contributions from countries such as China, Japan, and South Korea. The rapid industrialization and a surge in automation adoption across diverse industries fuel the market's growth. Collaborative Robotics Market regional growth in the Asia Pacific is driven by the emphasis on cost-effective solutions, meeting the increasing demand for automation. A diverse set of applications, including pick & place, machine tending, and packaging, shapes the Collaborative Robotics Market segment analysis in the region. The adoption of collaborative robots by small and medium enterprises (SMEs) is a significant trend, contributing to the market's expansion. Asia Pacific's role as a growth leader underscores its pivotal position in shaping the global Collaborative Robotics Market landscape.

Collaborative Robotics Market Competitive Landscape

In a groundbreaking collaboration, ABB the prominent key player in Collaborative Robotics Market, ABB Robotics and Porsche Consulting, both recognized as major market share holders and global market players, have entered into a joint venture to revolutionize the construction industry, particularly in modular housing manufacturing. This strategic partnership aims to integrate automation, advanced planning, and design for large-scale factories to address the rising demand for affordable and sustainable buildings. The collaboration comes in response to an 85% forecast increase in construction sector automation by 2030, driven by the need for improved housing amidst labor shortages. By leveraging ABB's robotic solutions and Porsche Consulting's expertise in factory planning, the collaboration seeks to transform the construction sector, providing high-quality, cost-effective, and environmentally friendly housing solutions.

ABB, a global market player in the field of technology and innovation, has signed a significant contract with Polara, positioning itself as a major market share holder in the EV infrastructure domain. This collaboration is aimed at contributing to emissions reduction through the provision of e-mobility technology for vehicle fleets in Canada and the United States. The partnership involves ABB supplying Compact Secondary Substation (CSS) skid-mounted power distribution units for Polara's CHRGPK, an optimized modular design unit for charging electric vehicles. The collaboration aligns with the Canadian government's USD 11 billion investment in clean public transport, emphasizing ABB's commitment to being a key company providing safe, reliable, and sustainable solutions for accelerating the adoption of electric vehicles.

KUKA, recognized as a global market player and major market share holder in industrial robotics, showcased its commitment to education and human/machine collaboration through two notable events. At the Wisconsin Manufacturing & Technology Show (WIMTS) 2023, KUKA highlighted its versatile robotic solutions, including educational and augmented reality components. The company showcased mobile, all-in-one training cells, such as the Edu_ArcWelding and Edu_Additive, designed for teaching robotic programming and complex manufacturing processes. Additionally, during the ATX West show, KUKA demonstrated cutting-edge technologies, including the LBR iisy cobot and the KMP 600-S diffDrive mobile platform. The LBR iisy represents a future-ready automation solution, while the KMP 600-S diffDrive addresses safe automation in manufacturing processes where humans interact with robots regularly.
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Collaborative Robotics Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.03 Bn.


Forecast Period 2024 to 2030 CAGR:
28.9%
Market Size in 2030:
US $ 6.09 Bn.


 Segments Covered:
by Payload capacity
Up to 5kg
Up to 10 kg
Above 10 kg


by Vertical
Automotive
Electronics
Metal & machining
Plastics & polymer
Food & agriculture


by Application
Assembly
Pick & place
Machine tending
Quality testing
Packaging & Palletizing



Collaborative Robotics Market by Region:
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Collaborative Robotics Market Key Players:
Global (Operating Across Regions):
Universal Robots: Odense, Denmark
Techman Robot for Quanta Storage: Taipei City, Taiwan
AUBO Robotics Inc.: Santa Clara, California, USA
Locus Robotics: Wilmington, Massachusetts, USA
Robotiq: Lévis, Quebec, Canada
Omron: Kyoto, Japan
Rethink Robotics: Boston, Massachusetts, USA
Aethon: Pittsburgh, Pennsylvania, USA
Boston Dynamics: Waltham, Massachusetts, USA
North America:
ABB Inc.: Zurich, Switzerland
Rethink Robotics: Boston, Massachusetts, USA
Precise Automation: Fremont, California, USA
Energrid Technology Corporation: Toronto, Ontario, Canada
AUBO Robotics Inc.: Santa Clara, California, USA
Locus Robotics: Wilmington, Massachusetts, USA
Boston Dynamics: Waltham, Massachusetts, USA
Kinova Robotics: Boisbriand, Quebec, Canada
Teradyne Inc.: North Reading, Massachusetts, USA
Europe:
KUKA AG: Augsburg, Germany
Robert Bosch GmbH: Gerlingen, Germany
MRK-System GmbH: Augsburg, Germany
F&P Robotics AG: Glattbrugg, Switzerland
MABI AG: Baar, Switzerland
Franka: Munich, Germany
Comau S.P.A: Grugliasco, Italy
Aethon: Pittsburgh, Pennsylvania, USA
BlueBotics: St. Sulpice, Switzerland
Stäubli International AG: Pfäffikon, Switzerland
Asia Pacific:
FANUC Corporation: Oshino, Japan
Universal Robots: Odense, Denmark
Techman Robot for Quanta Storage: Taipei City, Taiwan
Emika GmbH: Munich, Germany
KAWADA Robotics Corp.: Nagoya, Japan
YASKAWA Electric Corporation: Kitakyushu, Japan
Epson Robots: Suwa, Japan
Cyberdyne Inc.: Tsukuba, Japan
Siasun Robot & Automation Co., Ltd.: Shenyang, China
Hiwin Corporation: Taichung, Taiwan
Middle East:
Omron: Kyoto, Japan
PAL Robotics: Barcelona, Spain
Mitsubishi Electric Corporation: Tokyo, Japan
Aethon: Pittsburgh, Pennsylvania, USA

FAQs:
1. What is the Collaborative Robotics Market?
Ans: The Collaborative Robotics Market refers to the industry focused on the development, production, and deployment of robots designed to work alongside humans in various applications, fostering human-robot collaboration.

2. What are the key segments in the Collaborative Robotics Market?
Ans: The market is segmented based on payload capacity (Up to 5kg, Up to 10 kg, Above 10 kg), verticals (Automotive, Electronics, Metal & Machining, Plastics & Polymer, Food & Agriculture), and applications (Assembly, Pick & Place, Machine Tending, Quality Testing, Packaging & Palletizing).

3. What drives the growth of the Collaborative Robotics Market?
Ans: The market growth is propelled by factors such as evolving edge computing capabilities, ease of programming, and the demand for industrial automation to enhance safety and efficiency.

4. How does the Collaborative Robotics Market address labor shortages in industries?
Ans: Collaborative robots contribute to overcoming labor shortages by automating tasks, improving productivity, and enabling more efficient and flexible manufacturing processes.

5. Which regions are significant in the Collaborative Robotics Market?
Ans: Key regions include North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, with each region contributing to the market's global growth.