Cobots, or collaborative robots, are designed to aid human beings in specific tasks, which are highly complex in nature and require high precision. These robots work in close association with humans. The robots can observe any unusual activity in their surroundings and can cooperate with humans without physical separation. Smaller, smarter, flexible, and user-friendly are some attributes that make cobots more attractive to be used in factories and industries.
Increasing competition across various industries, coupled with rising focus on automation, is driving the demand for Cobots. Moreover, the introduction of advanced robotic technologies and their attributes, such as user friendliness and safety, are some of the factors driving the growth of the global cobots market. The major market restraint is the high initial investment in the solutions and rigorous training program for the employees to interact with these robots, which requires significant time and capital expenditure, and leads to lower adoption by the enterprises.
Cobots Market Growth Drivers
- Rising investments in automation across different industries
- Booming e-commerce industry
Cobots Market Restraints
- Lack of awareness regarding the benefits of cobots
Collaborative Robots (Cobots) Market Segmentation
- By Component
- Software
- Hardware
- Services
- By Payload Capacity
- Up to 5 Kg
- 5 Kg to 10 Kg
- 10 Kg to 20 Kg
- Greater than 20 Kg
- By Application
- Assembling
- Quality Inspection
- Welding
- Packaging & Palletizing
- Others
- By End-User
- Manufacturing
- Logistics
- Healthcare
- Agriculture
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indoensia
- Thailand
- Others
Table of Contents
Companies Mentioned
- Universal Robots (Teradyne Inc.)
- ABB
- FANUC Corporation
- KUKA AG (Midea Group)
- Yaskawa Electric Corporation
- Doosan Robotics
- Techman Robot Inc. (Quanta Storage Inc)
- AUBO Robotics
- Rethink Robotics
- Stäubli International AG
- Kassow Robots
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 140 |
Published | May 2025 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 2.09 Billion |
Forecasted Market Value ( USD | $ 4.24 Billion |
Compound Annual Growth Rate | 15.1% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |