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The global mobile collaborative robots market size was $543.3 million in 2019, and it is projected to witness a CAGR of 26.3% during the forecast period (2020–2030). The growing demand for industrial automation solutions and surging adoption of mobile cobots in the automotive industry are the key factors driving the mobile collaborative robots industry.
The COVID-19 pandemic has negatively impacted the growth of the mobile collaborative robots market across the world, as it has resulted in the disruption of the supply chain of raw materials and components, as well as investments in automation and robotics technologies in several countries, including China and the U.S.
In the mobile collaborative robots market outlook, on the basis of offering, the services category incorporates the revenue generated from the sale of aftermarket components, integration/deployment of mobile cobots, and consulting services. With the rising adoption of mobile cobots around the globe, the demand for installation and maintenance services is expected to increase rapidly during the forecast period.
The <5-kg-payload-capacity category held the largest mobile collaborative robots market share in 2019. A payload capacity of up to 5 kg is ideal for pick & place, testing, as well as assembly applications, due to which the demand for <5-kg-payload-capacity mobile cobots is increasing. Moreover, <5-kg-payload mobile cobots are cheaper and take less space as compared to the higher-payload-capacity mobile cobots.
In the mobile collaborative robots market, the assembling category, among applications, is expected to witness the fastest growth during the forecast period. Assembly operations require mobile cobots on a large scale, as they reduce the time for assembly, thus increasing the speed. Due to this, with the rising automation level in manufacturing industries, the demand for mobile cobots, for assembly purposes, is expected to increase during the forecast period.
The rapid adoption of mobile cobots by manufacturers in the continuously growing electronics industry, for increasing the productivity and performing repetitive tasks, would drive the mobile collaborative robots market in this end-user category during the forecast period.
The growing automotive industry, due to the rising sale of automobiles, especially electric vehicles, is driving the demand for mobile cobots in the APAC region. China and Japan hold a larger mobile collaborative robots market share in the automotive industry, due to the growing government support to increase the sale of electric vehicles, through subsidies and incentives. For instance, the Government of China announced plans in April 2020 to extend the state subsidies for new-energy vehicles until the end of 2022.
The rise in the population, coupled with the growth in the disposable income, is fueling the demand for consumer electronics in the region. As a result, the requirement for mobile cobots is increasing significantly, which would make APAC the fastest-growing region in the mobile collaborative robots market over the forecast period. Additionally, the presence of key consumer electronics manufacturers, such as LG Electronics Pvt. Ltd. and Samsung Electronics Co. Ltd., and inclination toward industrial automation, to reduce human intervention, are augmenting the demand for mobile cobots.
A major trend being witnessed in the mobile collaborative robots industry is the use of bin-picking mobile cobots. Market players are focused on launching these mobile cobots because of their high accuracy in placing the products as well as lesser time taken to operate, thereby making them desirable among manufacturers across major industry verticals. They also allow manufacturers to quickly achieve high machine uptime and enable accurate placement of parts, with less human intervention. For instance, in April 2020, Teradyne Inc. launched an autonomous bin-picking kit, ActiNav, for machine tending applications. It can easily and autonomously locate and pick the parts from the bins and place them on a machine, thereby leading to an accurate placement and picking of products. Hence, the growing use of such bin-picking variants is augmenting the mobile collaborative robots market growth.
One of the key factors driving the mobile collaborative robots market is the growing demand for industrial automation solutions. The increasing complexity of production processes, labor shortage, and high labor costs, combined with the rising focus on higher productivity, have led to a dramatic increase in the demand for industrial automation solutions around the globe. In addition, companies in emerging economies, such as China and India, are heavily adopting automation solutions to offset labor shortage and improve productivity, thereby increasing their ability to compete in the international market.
|Base Year (2019) Market Size||$543.3 million|
|Forecast Period (2020-2030) CAGR||26.3%|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, COVID-19 Impact, Company Share Analysis, Companies’ Strategical Developments, Product Benchmarking, Company Profiling|
|Market Size by Segments||By Offering; By Payload; By Application; By End User; By Region|
|Market Size of Geographies||U.S., Canada, Germany, France, Italy, U.K., Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa, U.A.E.|
|Secondary Sources and References (Partial List)||Arab Robotics Association, Association for Advancing Automation, Australian Robotics and Automation Association (ARAA), British Automation & Robot Association (BARA), Council For Robotics & Automation, European Engineering Industries Association, IACSIT Automation and Robotics Society (ARS), Israeli Robotics Association (IROB), Japan Robot Association, Korea Association of Robot Industry (KAR), Malaysia Robotics and Automation Society (MYRAS), Robotic Industries Association (RIA), Russian Association of Robotics (RAR), Taiwan Automation Intelligence and Robotics Association (TAIROA), The International Association for Automation and Robotics in Construction (IAARC), Wearable Robotics Association (WearRA)|
The rising demand for mobile cobots from the automotive industry is another key factor propelling the mobile collaborative robots market growth. The advantages offered by mobile cobots such as high-quality output and standardization in the production process are making them an obvious choice for automotive manufacturing. Added benefits over human operators are handling multiple tasks, such as welding, assembling, and material handling, owing to which the demand for mobile cobots is increasing. Moreover, mobile cobots are playing an important role due to the increasing level of automation, combined with the strong presence of various automotive original equipment manufacturers (OEMs) in countries such as Germany, China, the U.S., and South Korea.
In recent years, players in the mobile collaborative robots industry have expanded to various high-growth locations, to stay ahead of their competitors. For instance:
The mobile collaborative robots market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Offering
Based on Payload
Based on Application
Based on End User