02.11.2021 Бизнес

Mobile Collaborative Robots Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

The burgeoning demand for industrial automation solutions will also drive the mobile collaborative robots market at a healthy CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will escalate from $543.3 million in 2019 to $6.8 billion by 2030. The accelerating adoption rate of automation solutions in manufacturing facilities can be attributed to the rising complexities in production processes, soaring labor costs, increasing shortage of labor, and growing focus on enhanced productivity.

Currently, manufacturing units and warehouses are increasingly using bin-picking mobile cobots, due to their high accuracy in placing products and lesser operating time than traditional ones. These cobots also assist manufacturers in placing parts more accurately and achieving high machine uptime rapidly, with minimum manual intervention. For instance, ActiNav, an autonomous bin-picking kit, launched by Teradyne Inc. in April 2020, can autonomously and easily locate and collect the parts from the bins and position them on a machine accurately..

The end user segment of the mobile collaborative robots market is classified into retail, healthcare, automotive, electronics, agriculture, manufacturing, aerospace and defense, mining and mineral, and others, such as food and beverage and construction. Among these, the electronics category will adopt a considerable number of mobile cobots in the forecast years, to enhance productivity and perform repetitive tasks. Thus, the increasing production of consumer electronics, such as smartphones, tablets, and laptops, will contribute to the growth of this category.

Globally, the APAC mobile collaborative robots market is generating the highest revenue due to the surging automobile sales, especially electric vehicles (EVs) in the region. In this region, China and Japan hold the largest market share, on account of the rising government support being provided to the EV industry in these countries. Furthermore, the APAC market is also expected to witness the fastest growth during the forecast period due to the booming demand for consumer electronics, owing to the growing disposable income of people in the region.

Therefore, the increasing integration of automated systems in vehicles and rising demand for industrial automation solutions will create an enormous requirement for mobile collaborative robots.