Collaborative Robotic Systems Market (2021-2026)

Collaborative Robotics Systems Market Report Overview

Collaborative Robotics Systems Market size is analysed to grow at a CAGR of 27.5% during the forecast 2022-2027 to reach $2548.1 million. Collaborative robots (Collaborative Robotic Systems) are a type of industrial robot that is currently one of the fastest expanding categories of industrial automation. A cobot is a sort of robot that works alongside people in shared workspaces. These devices are simple to develop and deploy, may significantly boost productivity, and provide a high return on investment. The market for collaborative robots is also getting more affordable, easier to use, and less complex for training purposes. This will largely provide enterprises with more options, increasing the push and demand for these robots. Because collaborative robots use the latest sensors, plug-and-play technologies, and autonomous robot programming from CAD data, they enable industries of all sizes and scales to remain competitive. Collaborative Robots Market are less expensive, less difficult, and easier to utilize for training reasons, providing businesses with a variety of options, which will enhance and drive demand for Collaborative Robots Market.

Report Coverage

The report: “Collaborative Robotics Systems Industry Outlook - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Collaborative Robotics Systems industry.

By Type: Power and Force Limiting, Safety monitored stop, Speed and Separation, Hand Guiding.

By Application: Material Handling, Assembling/Disassembling, Welding and Soldering, Dispensing, Packaging and Others.

By End-User: Automotive, Electronics, Semiconductor, Plastics and Polymer, Food and Beverage, Healthcare, Metals and Machining, and others

By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

• The Safety Monitored Stop segment is expected to grow at the fastest CAGR of 28.4% during the forecast period. Safety Monitored Stop Cobots are frequently employed for applications that need little human involvement with the robot.
• During the forecast period, the Semiconductor segment is expected to grow at the fastest CAGR of 30.7% in the global Collaborative Robotics Systems market. Flexible robots are the ideal solution for the continually evolving semiconductor production business due to their complex assemblies and microscopic parts. The use of cobots improves the experience of semiconductor manufacturers in managing small parts and allows the production line to move fast in the industry.
• APAC accounted the largest market share of 42% in the Collaborative Robotics Systems market in 2021. This is due to rising labor costs in APAC, which are prompting corporations to automate manufacturing processes in order to maintain their cost advantage.
• The collaborative robotics market has grown significantly as a result of rising demand for automation, intense competition in the e-commerce industry, and advancements in technologies such as Internet of Things (IoT) and Artificial Intelligence (AI).

By Type, Collaborative Robotics Systems Market has been segmented into Power and Force Limiting, Safety monitored stop, Speed and Separation, Hand Guiding. The Safety Monitored Stop segment is expected to grow at the fastest CAGR of 28.4% during the forecast period. Safety Monitored Stop Cobots are frequently employed for applications that need little human involvement with the robot. This sort of collaborative robot use a typical industrial robot in conjunction with several safety sensors to detect when a human enters the robot's work envelope. When the cobot senses a human inside the work envelope, it immediately stops operations, allowing the human to work securely alongside it. When the human worker has finished their task, the cobot can be re-engaged with the push of a button. The robot retains power but is unable to move. This workspace is a shared environment where a person and a robot accomplish duties. While the workspace is clear of operators, the cobot operates at fast speeds. In February 2021, ABB launched the new 6-axis GoFa CRB (Collaborative RoBot) 15000, to support the growing demand for a collaborative robot capable of handling heavier payloads to enhance productivity and flexibility.

By End-User, Collaborative Robotics Systems Market has been segmented into Automotive, Electronics, Semiconductor, Plastics and Polymer, Food and Beverage, Healthcare, Metals and Machining, and others. During the forecast period, the Semiconductor segment is expected to grow at the fastest CAGR of 30.7% in the global Collaborative Robotics Systems market. Semiconductor manufacturing is a complicated process. However, disruptive scientific breakthroughs are playing an important role in improving semiconductor manufacturing. Robotics, among other technologies, plays an important role in the computerized manufacture of semiconductors. Flexible robots are the ideal solution for the continually evolving semiconductor production business due to their complex assemblies and microscopic parts. The use of cobots improves the experience of semiconductor manufacturers in managing small parts and allows the production line to move fast in the industry. Transferring silicon wafers at high speeds while avoiding harm is a critical operation that cobots are anticipated to do in semiconductor fabrication. These tasks grow increasingly difficult as wafer size increases. Cobots, on the other hand, are more than capable of achieving this need without causing damage to components. In December 2020, Yaskawa Electric Corporation is announced to begin sales of the MOTOMAN-GP4 (Payload capacity: 4 kg, maximum reach: 550 mm), a compact robot that is suitable for the assembly and transport processes of small parts in the general industrial fields, for 3C markets such as computers, home appliances and communications equipment, which includes mainly electrical and electronic parts.

By Geography, Collaborative Robotics Systems Market has been segmented into North America, Europe, APAC, South America, and RoW. APAC accounted the largest market share of 42% in the Collaborative Robotics Systems market in 2021. This is due to rising labor costs in APAC, which are prompting corporations to automate manufacturing processes in order to maintain their cost advantage. The automotive and electronic sectors, both of which have a substantial presence in the APAC area, particularly in China, South Korea, and Taiwan, are important demand generators for collaborative robots. There is an increased need for collaborative robots due to factors such as rising wages, the increasing average age of the workforce, and an emphasis on the downsizing trend in the electronics industry and the light-weighting trend in the automobile industry. The steady growth in the manufacturing, transportation/logistics, and warehousing systems in this region might create opportunities for robotics and automation to assist the workers, thereby driving the growth of the collaborative robotic system market during the forecast period. In May 2021, Techman Robot Inc., and Omron Corp signed an agreement to form a strategic alliance on collaborative robots under which Omron will globally market and sell Techman’s TM series of collaborative robots via its worldwide distribution network under a co-branded logo.

Collaborative Robotics Systems Market Share, By Region, 2021

Drivers - Collaborative Robotics Systems Market

Growing demand for automation and technological advancements set to drive the Collaborative Robotics Market:

The collaborative robotics market has grown significantly as a result of rising demand for automation, intense competition in the e-commerce industry, and advancements in technologies such as Internet of Things (IoT) and Artificial Intelligence (AI). The employment of robots to lessen the danger of injury to workers has also increased. Integration of robots with artificial intelligence (AI) and machine vision technologies has aided businesses in obstacle detection, navigation, and products movement. This has attracted suppliers interested in automating warehouses and placing robots in warehouses, consequently propelling the collaborative robotics industry. Geek Plus Robotics, a developer of intelligent logistics robot solutions, launched the world's first interwoven sorting robot in 2018, which could be an alternative to conveyor systems. Mobile Industrial Robots (MiR), a leading manufacturer of collaborative mobile robots launched a new warehouse robot to automate the transportation of pallets and heavy goods across warehouses. Development of new robots for various applications of warehouses set to boost the demand of the collaborative robotics market.

One Of The Key Collaborative Robotics Systems Market Trends That Will Positively Impact Market Growth In The Future Years Is Rising Labour Costs Amidst The Aging Workforce:

The labor cost is a significant feature of the global industrial operating cost, accounting for around 62% to 65% of the total cost. Where companies encompass an area of more than 200,000 square feet, manual occupations typically consist of two types of staff: direct and indirect. Direct personnel is in charge of carrying out the process, whereas indirect staff is in charge of providing back-end assistance to direct staff. As average hourly salaries rise further in the face of rising global inflation, with weekly hours remaining constant or declining in the next years, operating costs are sure to rise. Aside from that, emerging countries have seen a steady increase in the aging workforce, which has resulted in concerns with safety, quality control, and productivity. As a result, industrial automation has emerged as a significant method of managing rising wages and workforce aging. As a result, industrial operators have come to rely on robotics to provide a convenient and efficient manner of lowering operational expenses while keeping output at peak levels. Companies are turning to technology to compete as labor pools decrease as Baby Boomers retire and labor prices rise. Companies such as Rethink Robotics, Kuka, and Universal Robots aspire to address these labor and cost challenges via collaborative robotic systems. In May 2021, Epson Robots announced the launch of its first virtual exhibition, Automate Boldly, which will give manufacturers with a wide choice of industrial automation solutions via informative keynote presentations, technology discussions, and product demonstrations.

Challenges - Collaborative Robotics Systems Market

The high initial investment may limit the market growth.

The initial cost of collaborative robots employed in manufacturing is considerable since the cost of automation is substantially higher than manpower costs. Most companies are unable to fully automate their operations with robots because of this. The average selling price of a Collaborative Robotic System ranges between $25,000 and $50,000, not including installation fees. Furthermore, there is a training expense associated with the robots, which limits the operators' willingness to integrate robots into their operating lines. The robotics market is hampered by the slow deployment of collaborative robotic systems by small and medium-sized businesses. High labor expenses, on the other hand, are expected to fuel the collaborative robot market during the projected period.

Collaborative Robotics Systems Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in Collaborative Robotics Systems market. In 2021, the market Collaborative Robotics Systems Market share has been fragmented by several companies. Collaborative Robotics Systems top 10 companies include

• ABB
• Universal Robots
• Fanuc Corporation
• Kuka AG
• Yaskawa Electric Corporation
• Techman Robot
• Rethink Robotics
• Aubo Robotics
• Kawasaki Robotics
• Staubli

Acquisitions/Technology Launches/Partnerships

• In August 2021, Universal Robots pioneered collaborative arc welding and continues to make cobot-powered fabricating solutions mainstream. FABTECH 2021 is the launchpad for innovative new cobot applications including heavy-duty water-cooled welding, hardfacing, plasma cutting and flexible machine loading. Flash forward to 2021, and UR cobot-powered systems are mainstream at FABTECH with numerous OEMs and UR+ partners actively selling MIG, TIG and plasma welding and cutting solutions, making it one of the fastest-growing market for UR cobots
• In February 2021, ABB is expanding its collaborative robot portfolio with the introduction of the new 6-axis GoFa CRB (Collaborative RoBot) 15000, to support the growing demand for a collaborative robot capable of handling heavier payloads to enhance productivity and flexibility. The easy-to-use GoFa CRB 15000 collaborative robot features intelligent sensors in each joint to support close human and robot collaboration, enabling class-leading reach and speed for payloads up to 5kg.
• In August 2020, FANUC introduced a new model to its existing 3D Vision Sensor lineup. An outstanding measurement area of up to 2000 mm vertically and up to 3200x 2800 mm horizontally makes this sensor the ideal choice for a wide range of intelligent robotic applications in warehousing and logistics, especially in applications involving large or tall objects such as boxes or bags stacked on a large pallet.

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