The Mobile Cobots Market size was valued at USD 656.1 million in 2021 and is projected to reach USD 7,660.4 million by 2030 at a CAGR of 30.7% during the forecast period, 2022–2030.

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The increasing demand for mobile collaborative robots in the automotive industry drives the market growth. Mobile cobots are an ideal solution for the automobile industry due to their benefits, including high-quality output and standardization of the production process.

New York, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Mobile Cobots Market by Component Payload Capacity, Application, and By End-use Industry – Global Opportunity Analysis and Industry Forecast 2022–2030" - https://www.reportlinker.com/p06379282/?utm_source=GNW
These robots support workers and perform tasks that can be hazardous to them, which include heavy lifting, welding, handling liquid metal, and exposure to dangerous fumes or extreme temperatures.
The mobile cobots are designed to overcome labor shortages and boost worker productivity and safety, which are usually faced by the automotive industry. This is further expected to propel the growth of the mobile cobot market.
However, the high cost of investment and the expensive initial cost of cobots required for acquisition, integration, accessories, programming, and maintenance restrains the market’s growth.
On the contrary, the growing implementation of Industry 5.0 aims to increase industrial production efficiency by collaborating robots with human workers. The introduction of faster, smaller, and more flexible cobots has accelerated the development of Industry 5.0. It offers advanced safety features that allow humans to play a significant role in a wider variety of production processes, creating ample growth opportunities in the mobile cobots market in the near future.

Segment Overview

The global mobile cobots market is segmented based on component, payload capacity, application, end-use industry, and geography.
The market is classified into hardware, software, and services based on components.
Based on the payload capacities, the market is categorized into 1 to 3 kg, 3 to 5 kg, 5 to 10 kg, and above 10 Kg.
Based on the applications, the market is divided into assembly, machine tending, quality inspections, process, material handling, and others.
Based on the end-use industry, the market is bifurcated into automotive, retail, healthcare, electronics & semiconductor, food & beverage, aerospace & defense, manufacturing, mining & mineral, and others.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Regional Analysis

The Asia-Pacific market is projected to hold the dominant share by 2030.
Asia-Pacific dominates the global mobile cobots market and is expected to remain dominant throughout the forecast period. This is attributed to the constantly rising population in this region’s countries, further boosting the demand for consumer goods and leading to the rising adoption of robotics in industries.
This has resulted in a spike in the robotics manufactured in this region and catapulted fuel exports, which drive the mobile cobots market. For instance, Japan is the leading exporter of robots. According to the International Federation of Robotics (IFR), the export ratio rose to 78%, and 136,069 robots were shipped in 2020.
Furthermore, the presence of leading robotic manufacturers such as Fanuc, Yaskawa Electric Corporation, and Kawasaki Robotics in the Asia-Pacific further boosts the mobile cobot market growth in the region. For instance, in February 2022, Yaskawa launched two new collaborative robots, HC10DTP and HC20DTP, for industrial applications. The HC10DTP and HC20DTP enable humans to work with robots safely.

Key Market Players

Some of the emerging and leading players in the mobile cobots market include:
• Universal Robots
• Fanuc Corporation
• Yaskawa
• Kuka AG
• Aethon
• Staubli International AG
• Festo
• Teradyne Inc.
• Fetch Robotics Inc.
• Precise Automation

Recent Developments

September 2022
KUKA launched two new cobot models, LBR iisy 11 kg and LBR iisy 15 kg. The LBR iisy series provides flexible automation solutions for various tasks such as picking & placing, assembling, testing & handling, and loading & unloading machines.
September 2022
Universal Robots announced a strategic partnership with MachineMetrics to automate robot performance monitoring and intelligence and deliver real-time health insights.
June 2022
Festo introduces four axes UR+ certified cobot system with robotic grippers for palletizing and machine tending tasks. The new system adds more axes of motion beyond the UR robots’ six axes and comes ready to install.
February 2022
For industrial applications, Yaskawa launched two new collaborative robots named HC10DTP and HC20DTP. The HC10DTP and HC20DTP enable humans to work with robots safely.
August 2021
Fetch Robotics announced a partnership with Lucas Systems to enable the next generation of smart warehouses. The partnership enables optimized collaboration between warehouse workers and robots.
Read the full report: https://www.reportlinker.com/p06379282/?utm_source=GNW

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