Data Bridge Market Research analyses that the co-robots robotics market which was growing at a value of 830.83 million in 2021 and is expected to reach the value of USD 12,760.42 million by 2029, at a CAGR of 40.70% during the forecast period Data Bridge Market Research has recently published the comprehensive business research on "Co-Robots Robotics Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Co-Robots Robotics Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, Co-Robots Robotics Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.
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Key Players Mentioned in the Co-Robots Robotics Market Research Report:
ABB (Switzerland), AUBO Robotics (U.S.), Fanuc (Japan), F&P Robotics (Switzerland), Universal Robots (Denmark), Kawasaki Heavy Industries, Ltd. (U.S), Robert Bosch GmbH (Germany), Precise Automation & Control Pvt Ltd. (U.S.), Rethink Robotics GmbH (Germany), Stäubli International AG. (Switzerland), MABI AG (Switzerland), YASKAWA ELECTRIC CORPORATION. (Japan), KUKA AG (Germany), TECHMAN ROBOT INC. (Taiwan), and Doosan Robotics Inc. (South Korea)
Recent Development
In 2023 DOBOT, a world-leading manufacturer of intelligent robots, has announced the release of the CR3L Collaborative Robot at the Automate Show 2023. The DOBOT CR3L is an ultra-long cobot with a reach of 1700 mm, representing an 11.5% increase over the previous DOBOT CR Series version. The robotic body of the CR3L allows it to operate in small spaces, making it ideal for applications requiring extended reach for robots, such as loading and unloading, sorting, and wide-range inspection of small parts in the consumer electronics and semiconductor industries.
In March 2023 Fanuc Corporation has introduced the CRX-5 I A, CRX-20 I A/L, and CRX-25 I A collaborative robots, the latest additions to its popular CRX series, which also includes the CRX-10 I A and CRX-10 I A/L collaborative robots. These were shown by FANUC at the IREX (International Robot Exhibition) in Tokyo. Following the CRX-10 I A and CRX-10 I A/L, the new CRX-5 I A, CRX-20 I A/L, and CRX-25 I A cobots have payloads of 5 kg, 20 kg, and 25 kg, respectively. Both have a 10kg payload and a reach of 1,249mm and 1,418mm, respectively.
Global Co-Robots Robotics Market Dynamics
Drivers
Growing trend of automation among all industry verticals
Automation has become an essential strategy for many large-scale industries to increase production efficiency and reduce costs. As more businesses move toward automation, the use of collaborative robots in manufacturing technology is growing. Industries such as automotive, electronics and semiconductor, metal, and machinery are deploying collaborative robots for assembly line processes, pick and place, injection molding, and quality check applications. Due to the introduction of touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT, operators can monitor robots from any location through HMI, ultimately increasing the adoption of co-robots robotics.
Technological advancement in human-machine interface
Technological advancements and the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) technologies in industrial robots have accelerated growth. Furthermore, the introduction of 5G technology is expected to accelerate the adoption of co-robots robotics in manufacturing. The 5G wireless solution's low-latency connectivity will assist OEMs in improving robotic automation and increasing manufacturing processes' productivity, quality, and efficiency. The use of robots in industrial processes has also reduced the number of workplace accidents. Furthermore, they significantly improve product quality, which is increasing demand across various companies and enterprises.
Opportunities
Growing investment
Several retailers and e-commerce behemoths have begun to invest in robotic technologies, which play an important role in managing their logistics and supply chain activities. These businesses are actively implementing robotics to assist their warehouse workers. The increasing demand for co robots robotics in the logistics sector will provide lucrative growth opportunities for the industry over the forecast timeframe.
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Based on types, the Co-Robots Robotics Market Segmentations
Application
Human Motor Assistance
R&D of Humanoids
End use
Automotive
Food and Beverages
Logistics
Medical and Healthcare
Others
Co-Robots Robotics Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2023-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Co-Robots Robotics Market : Key Questions Answered in the Report:
-How has the rapidly evolving business environment become an important growth engine for the Co-Robots Robotics market?
-What are the underlying macroeconomic factors that impact the growth of the Co-Robots Robotics market?
-What are the key trends that constantly shape the growth of the Co-Robots Robotics market?
-What are the prominent regions that offer abundant opportunities for the Co-Robots Robotics market?
-What are the key differential strategies adopted by key players to control a significant part of the market share?
The increase in the sales of consumer electronics across the globe acts as one of the major factors driving the growth of Co-Robots Robotics market. The rise in demand for the owning to the simultaneous heating and cooling properties of TEMs increasing the demand for several applications accelerate the market growth. The high demand for Co-Robots Robotics owning to the growth of electric and luxury vehicles, and usage of thermoelectric coolers for storage and transport of COVID-19 vaccines further influence the market. Additionally, trend of automation in commercial, industrial, and residential sectors, urbanization and digitization, surge in investments, and rise in technological awareness positively affect the Co-Robots Robotics market. Furthermore, development of TEMs for new application areas extend profitable opportunities to the market players in the forecast period of 2023 to 2029.
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The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Co-Robots Robotics market circumstances on a regional and country-by-country basis.
- The Co-Robots Robotics market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Co-Robots Robotics market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Table of Contents
- Part 01: Executive Summary
- Part 02: Scope of the Co-Robots Robotics Market Report
- Part 03: Co-Robots Robotics Market Landscape
- Part 04: Co-Robots Robotics Market Sizing
- Part 05: Co-Robots Robotics Market Segmentation By Product
- Part 06: Five Forces Analysis
- Part 07: Customer Landscape
- Part 08: Geographic Landscape
- Part 09: Decision Framework
- Part 10: Drivers and Challenges
- Part 11: Market Trends
- Part 12: Vendor Landscape
- Part 13: Vendor Analysis
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