A robot is a programmable machine that looks exactly like a human being while performing multiple complex acts. Robot is well programmed insensitive machine that functions automatically when it is deployed within industries. Multiple industrial robots are manufactured and designed accordingly to move materials, parts, tools, perform a variety of programmed tasks within the manufacturing facilities to produce quality products. All the robots are equipped with articulated arms specifically developed for managing various industrial applications. Healthcare, military, public safety industries, manufacturing industries, mining industries are the various industries that use robotics for multiple operations. With the advent of robots, workload in manufacturing facilities is shared between man and machines. As more and more number of robots is manufactured with technologically advanced and autonomous features, they are trained and programmed to do jobs faster and better than humans.
According to the study “Global Collaborative Industrial Robots Market 2016-2022 by End-user, Application and Region”, robots carry out a series of operations automatically because they are embedded with internal controllers or external controlling devices. Collaborative robots are smaller, smarter, more affordable, user-friendly and flexible automatic solutions compare to aged traditional industrial robots. Cobot are a short name for collaborative robots which are designed for industrial assembling process. Global collaborative robots market is segmented based on the end-users such as automotives, electrical, electronics, machinery, metals, chemicals, rubber, plastics and other industries. Automotives, electrical and electronics are the major consumers of newly devised cobots. Geographically, the global cobots market is spread across the Americas, Europe, Asia-Pacific and rest of the world. Asia-Pacific leads the cobots market in terms of revenue and sales followed by Europe and North America. Within Asia-Pacific, China and Southeast Asian countries are expected to drive a continuing growth over the next few years.
Cobots are deployed in various manufacturing industries and can perform functions such as assembling, inspection, testing, welding, painting, handle materials and dispensing. It was estimated that there is an increase in the adoption of collaborative robots or cobots in small or medium-sized enterprises (SME), thus propelling the market for cobots. Various manufacturers across the globe are deploying collaborative robots on their factory floors to reduce labour costs, demand for quality and more durable products. Six-axis articulated, lightweight, compact cobot are used for multiple automation operations such as metal processing, plastic, food, beverages and electronic industries. Cobots market is highly concentrated with few established companies occupying majority of the global market share. The leading players in global cobots market are ABB, KUKA, Rethink Robotics, Universal Robots, Fanuc, Adept Technology, Yaskawa Motoman, F&P Personal Robotics, Robotnik Automation S.L.L., and Scape Technologies A/S.
Collaborative robots possess advantages such as lower cost, weight, footprint, easy to program, integrate, empower employees and reduce their work stress. Therefore, cobots are preferred by majority of the automotive end-users. Deployment of cobots within manufacturing industries bolsters competition despite high labour costs and help in sustaining manufacturing activities in all the developed countries. Evolution in technology coupled with the need to refurbish the existing global manufacturing facilities is expected to drive the market for cobots over the next few years.
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