What Is The Size Of Global Mobile Cobots Industry?
Global Mobile Cobots market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Industrial Automation and Control Systems Market is largely driven by its small size and low cost. These robots can perform a variety of tasks with high efficiencies, such as carrying materials and parts, and performing assembling and disassembling in some major industries like automotive, agriculture, electrical and electronics etc. Increased investments in R&D and advancements in AI, IoT, and Machine learning are helping companies to develop more efficient Cobots that are equipped with the latest built-in force sensors for enhanced safety in a work environment.
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Many end-user industries such as automotive, plastics & chemicals, electrical & electronics, food & beverages, and others are adopting collaborative robots compared to traditional industrial robots. According to the International Federation of Robotics (IFR), an international association, the number of collaborative robots installed globally increased from 11,000 to 22,000 from 2017 to 2020, while the number of traditional industrial robots installed decreased from 389,000 to 362,000 during the same period.
Increased investment in warehouse automation is providing notable opportunities for mobile cobots as they are small in size and highly cost-effective in nature. These robots can perform the same task acquiring less space and at half the cost of traditional industrial robots.
Global Mobile Cobots Market By Component
The Global Mobile Cobots market is segmented by Component into Hardware, Software and Services.
Hardware component held the largest market share in the global Mobile Cobots Market in 2021, due to its ability to work with high efficiency and provide a safe working environment. Hardware component is further divided into sub-segments such as robotic arm, end effector, sensor, motor, and others.
The built-in force sensors provide a safe working environment as it is able to change its speed whenever a human comes within the range of the Robot.
Many companies are now adopting Cobots as compared to traditional robots, as it offers higher safety at a low installation cost.
Global Mobile Cobots Market By Application
The Global Mobile Cobots Market is segmented by Application into Material Handling, Soldering & Welding, Assembling & Disassembling, Milling, Cutting & Processing, Picking and Placing, Palletizing and De-palletizing, Painting and Dispensing, Machine tending and Others.
The milk segment accounted for the highest market share in 2021, due to the increasing demand for such products because of its sweet and creamy flavour.
Major market players are also developing vegan versions of well-known chocolate confectionery. Such an approach allows the firm to enjoy global brand loyalty that results in increased sales of such products.
Global Mobile Cobots MARKET by Region
The Global Mobile Cobots market is segmented by Region into North America, Europe, Asia- pacific and LAMEA.
TheAsia Pacific accounted for the world’s largest market for mobile cobots in 2021. According to the International Federation of Robotics (IFR) the Asia Pacific Region accounted for nearly 71% of installations of Industrial Robots in the year 2020.
China and Japan accounted for the largest and second-largest share of the global mobile cobots market in 2020, with more than 168,400 & 38,700 and industrial and collaborative robot units shipped worldwide respectively.
Key Topics Covered in the Report
- Snapshot of Mobile Cobots Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of Mobile Cobots Market
- Historic Growth of Overall Mobile Cobots Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Mobile Cobots Market Industry
- Overview, Product offerings, and Strength & Weakness of Key Competitors
- Covid 19 Impact on the Overall Mobile Cobots Market
- Future Market Forecast and Growth Rates of the Total Mobile Cobots Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Mobile Cobots Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
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Notable Key Players Mentioned in the Report
- ABB
- FANUC CORPORATION
- Yaskawa Electric Corporation.
- Kuka AG
- Universal Robots
- Kawasaki Heavy Industries, Ltd
- Omron Corporation
- Siasun
- Denso
- Mitsubishi Electric Corporation
- Comau
- AUBO Robotics
Notable Emerging Companies Mentioned in the Report
- Jaka
- Sastra Robotics Pvt Ltd
- Asimov Robotics
- Techman Robot
- Ken Robotech
- Asage Robotics
- Neura Robotics
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Mobile Cobots/Collaborative Robot Manufacturers
- Mobile Cobots Component Assemblers
- Mobile Cobots Component Suppliers
- Raw Material Suppliers for Mobile Cobots
- Potential Investors in Mobile Cobots Companies
- Value Added Resellers of Robotic Equipment
- Industrial OEMs of Mobile Cobots
- Robotics Industry Associations
- Robotics Research Groups
- Government Ministries and Departments of Electronics Industry
- Government Ministries and Departments of Engineering Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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