Dublin, Nov. 13, 2020 (GLOBE NEWSWIRE) -- The "Mobile Collaborative Robots Market Research Report: By Offering, Payload, Application, End User -Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global mobile collaborative robots market is predicted to attain a revenue of $6.8 billion in 2030, increasing from $543.3 million in 2019, and is expected to exhibit a 26.3% CAGR during the forecast period (2020-2030).
Also known as mobile cobots, mobile collaborative robots have become an important part of factories. These robots are designed to work alongside humans and utilize innovative visual technology. They are further integrated with sensors which allow them to detect people and change or stop their activity. This way, the safety of humans in the workplace is ensured.
The industrial is growing swiftly and is undergoing several changes. Due to technological advancements, an increased number of machineries are now being utilized in industries. While before, manual labor was an important part of the industrial sector, it is being replaced now by advanced machines that can do the work more efficiently. Despite the positive implications of such advancements, the processes in industries are becoming more and more complex, which, in turn, is creating need for automation solutions in these facilities. Because of all this, industries have now started making use of mobile collaborative robots.
The major offerings that are included under the mobile collaborative robot technology are services, hardware, including motor, sensor, end effector, and robotic arm, and software. Among these, the demand for hardware components has been the highest up till now, which can be ascribed to the growing adoption of mobile cobots in the automotive industry. Out of different hardware components, the demand for robotic arm has been the highest, since they are being extensively used in material handling applications. Other than this, the demand for services is also predicted to rise considerably in the near future.
These robots are used for different applications, namely assembling, machine tending, pick & place, welding, and material handling. A substantial demand for mobile cobots is projected to be created for assembling applications in the years to come. These robots reduce the time needed for assembly considerably, thereby increasing productivity, which is why various industries are deploying mobile cobots. These robots are being utilized in electronics, healthcare, aerospace & defense, manufacturing, mining & minerals, retail, automotive, and agricultural sectors. Out of these, the electronics sector is expected to make considerable use of mobile collaborative robots in the near future.
This is because of the growing need for increasing productivity and performing repetitive tasks in the electronics sector. Geographically, Asia-Pacific (APAC) dominated the mobile collaborative robots market in the past, and the demand for these devices is further projected to be the highest in the region in the years to come as well. This is due to the increasing disposable of people and the rising population, which are leading to the growth of the electronics industry in APAC. Within the region, Japan and China are creating the largest demand for mobile cobots.
In conclusion, the demand for mobile collaborative robots is growing due to the rising need for automated solutions in industries.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering
188.8.131.52.1 Robotic arm
184.108.40.206.2 End effector
4.1.2 By Payload
220.127.116.11 &lessThan; 5 kg
18.104.22.168 5-10 kg
22.214.171.124 >10 kg
4.1.3 By Application
126.96.36.199 Pick & place
188.8.131.52 Material handling
184.108.40.206 Machine tending
4.1.4 By End User
220.127.116.11 Mining & mineral
18.104.22.168 Aerospace & defense
4.2 Value Chain Analysis
4.3 Market Dynamics
22.214.171.124 Increasing use of bin-picking mobile cobots
126.96.36.199 Growing demand for industrial automation solutions
188.8.131.52 Increasing demand for mobile cobots from automotive industry
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Safety issues
18.104.22.168 Impact analysis of restraints on market forecast
22.214.171.124 Growing demand in agricultural applications
4.4 Impact of COVID-19
4.5 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Offering
5.1.1 Hardware Market, by Type
5.2 By Payload
5.3 By Application
5.4 By End User
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Global Strategic Developments in the Market
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
Fetch Robotics Inc.
AUBO Robotics Inc.
Kawasaki Heavy Industries Ltd.
Yaskawa Electric Corporation
Bosch Rexroth AG
For more information about this report visit https://www.researchandmarkets.com/r/jhj6o0
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