What is the current Collaborative Robot Market size?

The Collaborative Robot Market is projected to register a CAGR of 20.5% during the forecast period (2024-2029) Read More

Who are the key players in Collaborative Robot Market?

Universal Robots AS, Fanuc Corp., TechMan Robot Inc., Rethink Robotics GmbH and AUBO Robotics USA are the major companies operating in the Collaborative Robot Market. Read More

Which is the fastest growing region in Collaborative Robot Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Collaborative Robot Market?

In 2024, the Asia Pacific accounts for the largest market share in Collaborative Robot Market. Read More

What years does this Collaborative Robot Market cover?

The report covers the Collaborative Robot Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Collaborative Robot Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major factors driving the Collaborative Robots Market?

The major factors driving the Collaborative Robots Market are a) Government support for automation and Industry 4.0 adoption encouraging cobot implementation b) Growing automation needs and labor shortages Read More

Collaborative Robot Market Size, Share, and Growth Analysis

Collaborative Robots Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Collaborative Robots Market Report is Divided Into Four Categories: Payload (less Than 5 Kg, 5-9 Kg, 10-20 Kg, and More Than 20 Kg), End-User Industry (electronics, Automotive, Manufacturing, Food and Beverage, Chemicals and Pharmaceutical, and Other End-User Industries), Application (material Handling, Pick and Place, Assembly, Palletizing and De-Palletizing, and Other Applications), and Geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, and the Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle-East and Africa (United Arab Emirates, Saudi Arabia, and the Rest of Middle-East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Collaborative Robots Industry Overview

The collaborative robot market is highly fragmented, with the presence of many major players like Universal Robots AS, Fanuc Corp., TechMan Robot Inc., Rethink Robotics GmbH, AUBO Robotics USA, and ABB Ltd, among others. These players in the market use partnerships, mergers, innovations, investments, and acquisitions to improve their products and gain a competitive edge over others.

February 2023 - Rapid Robotics announced a new collaboration with Universal Robots (UR), in which UR would supply collaborative robot arms for Rapid Robotics' deployment of cobot work cells across North America. Through this agreement, the company will be able to remove further obstacles to automation by using a robotic workforce to fill positions that manufacturers are unable to fill.
November 2022 - TechmanRobot introduced its TM AI Cobotseries of collaborative robots, which combines a powerful and precise robot arm with a native AI inferencing engine and smart vision system. It is an intelligent robotic arm series with a comprehensive AI software suite, including TM AI+ Training Server, TM AI+ AOI Edge, TM Image Manager, and TM 3DVisionTM, facilitating companies to train and tailor their system to precisely meet their application.