About Collaborative Robotic Systems
A cobot, or collaborative robot, is a robot manufacturer and employed for direct human-robot interaction within a shared space, or where humans and robots are in proximity maintaining a high level of productivity and mobility on the shop floor. These are built with lightweight construction materials, rounded edges, and the inherent limitation of speed and force, or on sensors and software that ensures safe behavior. Different applications in the automotive sector and Healthcare Industry increasing the demand for collaborative robotic systems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Collaborative Robotic Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Universal Robots (Denmark), Techman Robot (Taiwan), FANUC (Japan), KUKA (Germany), Doosan Robotics (South Korea), AUBO Robotics (United States), ABB (Switzerland), YASKAWA (Japan), Precise Automation (United States) and Rethink Robotics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MABI Robotic (Switzerland), Franka Emika (Germany), Comau (Italy), F&P Robotics (Switzerland) and Stäubli (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Collaborative Robotic Systems market by , Application (Handling, Assembling and Disassembling, Welding and Soldering, Dispensing, Processing and Others) and Region.
On the basis of geography, the market of Collaborative Robotic Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2022. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Collaborative Robotic Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Automotive will boost the Collaborative Robotic Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware (Robotic Arm, End Effectors, Drives, Controllers, Sensors) will boost the Collaborative Robotic Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fusion of Sensor Data and Intuitive Technology like Artificial Intelligence and Machine Learning for Real Time Decisions and Progress Tracking
Market Growth Drivers:
Rise in Employment of Cobots across Manufacturing Facilities for Optimising Production Process and Reduce Overall Energy Consumption and Rise in Need of Automation of Automotive Industry for High Precision Assembly Line
Challenges:
Rise in Employment of Collaborative Robotic Systems in Healthcare and Medical Sector for Surgeries and Precision working for Surgical Tool Work
Restraints:
High Installation Prices and Complex Infrastructure coupled with Regular Maintenance
Opportunities:
Rise in Employment of Collaborative Robotic Systems in Healthcare and Medical Sector for Surgeries and Precision working for Surgical Tool Work
Market Leaders and their expansionary development strategies
In 2021, Brooks Automation acquired Precise Automation, a developer of collaborative robots and automation subsystems. This acquisition will provide Brooks a product offering and technology portfolio for the robust infrastructure build for the collaborative robot development.
In March 2020, Yaskawa launched the HC20XP Human-Collaborative mechanism. It options precise hand-guided teaching for the quick implementation of a mechanical system. The new twenty-kilogram payload collaborative mechanism is fitted to applications wherever the robots are required to soundly work with or in shut proximity to humans.
Key Target Audience
Collaborative Robotic Systems Provider, Software Developer, Components Manufacturer, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.