#Collaborative Robot Industry

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The global collaborative robot (cobot) market is projected to reach $6,972.6 million by 2033 from $2,104.2 million in 2023, growing at a CAGR of 12.73% during the forecast period 2023-2033.

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Global Collaborative Robot (Cobot) Market Research Analysis (2020-2025) | BIS Research

Collaborative Robots, commonly known as Cobots, have emerged as a transformative force in the field of robotics. These robots are designed to work safely alongside humans, assisting them in various tasks and enhancing productivity. With advancements in technology and the growing need for automation in industries, the global collaborative robot industry is experiencing rapid growth.

An Overview of the Collaborative Robot Industry

The Collaborative Robot Market has witnessed significant expansion in recent years, revolutionizing industries such as manufacturing, healthcare, logistics, and agriculture. Unlike traditional industrial robots that require strict safety measures and physical separation from humans, cobots are designed to collaborate with human workers, creating a safe and efficient work environment. These robots are equipped with advanced sensors, vision systems, and collaborative features that allow them to interact with humans, adapt to changing environments, and perform a wide range of tasks.

Key Market Research Insights

Growing Demand for Automation: The increasing need for automation and the desire to improve efficiency in various industries are significant drivers of the collaborative robot market. Cobots enable businesses to automate repetitive or dangerous tasks while ensuring human safety. They can handle tasks such as material handling, assembly, packaging, quality control, and even complex tasks like surgical procedures, making them versatile and adaptable across different sectors.

Enhanced Safety Features: Collaborative robots are designed with built-in safety features to prevent accidents and injuries. These features include force and torque sensors, collision detection, speed and proximity control, and the ability to stop or slow down when detecting the presence of a human nearby. This allows cobots to work alongside humans without the need for safety cages or physical barriers, making them more flexible and cost-effective for businesses.

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Small and Medium-sized Enterprises (SMEs) Adoption: Collaborative robots have gained significant traction among small and medium-sized enterprises. Unlike traditional industrial robots, cobots are more affordable, easier to program, and require minimal integration efforts. This accessibility has made them an attractive automation solution for SMEs that may have limited resources or space.

Industry-specific Applications: The collaborative robot market offers a wide range of applications across various industries. In manufacturing, cobots can assist in assembly, pick-and-place tasks, and quality control. In healthcare, they can support surgeons during complex procedures or perform repetitive tasks in medical labs. In logistics, cobots can optimize warehouse operations, including sorting, packing, and palletizing. The agriculture industry also benefits from cobots for tasks such as harvesting, planting, and crop monitoring.

Key Market Players in the Market

ABB Ltd

Fanuc Corporation

Kuka AG

Denso Robotics, Inc.

Seiko Epson Corporation

AUBO Robotics

Nachi Robotic Systems, Inc.

Bosch Rexroth AG

Precise Automation, Inc.

Productive Robotics, Inc.

Techman Robot, Inc.

Yaskawa Motoman

Market Challenges and Future Outlook

While the collaborative robot industry holds immense potential, it also faces certain challenges. Some industries may have concerns regarding the integration of cobots into existing workflows or resistance from human workers due to fears of job displacement. Additionally, ensuring the safety and compliance of cobots in various work environments remains a critical consideration.

However, the future outlook for the collaborative robot market is optimistic. The market is expected to witness significant growth due to ongoing technological advancements, increasing demand for automation, and the expanding range of applications. As the adoption of cobots becomes more widespread, manufacturers are focusing on enhancing features such as artificial intelligence, machine learning, and human-robot collaboration to further improve the capabilities and versatility of cobots.

Conclusion

The Global Collaborative Robot Industry is transforming industries by enabling safe and efficient human-robot collaboration. With their advanced sensors, adaptability, and ease of use, cobots are revolutionizing automation across sectors such as manufacturing, healthcare, logistics, and agriculture.

While challenges exist, the market's potential for growth is undeniable, driven by the need for increased productivity, improved safety, and cost-effective automation solutions. As technology continues to evolve, collaborative robots will play a pivotal role in shaping the future of work and driving progress in industries worldwide.

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Collaborative Robots Market Size, Share, and Trends Report 2030

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and automate manufacturing tasks. Technological advancements in cobot capabilities further fuel this growth, making them an appealing solution for SMEs.

The integration of artificial intelligence (AI) and machine learning (ML) in cobots is enhancing their adaptability, enabling cobots to learn from human operators and improve over time, which is greatly enhancing productivity and efficiency in various industries. Additionally, the advent of 5G technology is poised to stimulate cobot adoption, especially in manufacturing. An example of this is Nokia’s industrial-grade 5G wireless network designed to meet Industry 4.0 requirements. The low-latency connectivity of 5G enables Original Equipment Manufacturers (OEMs) to improve robotic automation, leading to significant gains in productivity, quality, and efficiency.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Cobots also contribute to workplace safety by reducing the number of workplace accidents, as they can handle repetitive or dangerous tasks, minimizing human exposure to hazardous conditions. Furthermore, cobots significantly improve product quality, which is driving their demand across multiple sectors. Industries such as electronics, automotive, logistics, machine tooling, packaging, and assembly are increasingly adopting cobots, positioning the market for sustained growth.

Retailers and e-commerce giants are also embracing robotic technologies, particularly in logistics and supply chain management. These companies are leveraging robotics to support warehouse operations, which helps improve speed, accuracy, and efficiency in managing logistics. The rising demand for cobots in logistics is anticipated to offer lucrative growth opportunities for the market in the coming years.

Application Segmentation Insights:

In terms of applications, the gluing and welding segment is expected to experience the highest CAGR over the forecast period. Cobots are gaining popularity in this segment due to the advantages they offer, such as reduced material waste, consistent quality, and increased output. This appeal is attracting attention from marketers and industry leaders. Meanwhile, the assembly segment captured a significant revenue share of approximately 23.0% of the collaborative robots’ market in 2022. The growth in this segment can be attributed to the use of cobots in handling simple and repetitive tasks as well as in supporting complex assembly operations.

The increasing demand for assembly-related activities, such as nut driving, bolting, insertion, and part fitting, from SMEs and large enterprises is driving growth in this segment. The use of cobots in assembly not only enhances productivity but also reduces the risk of injuries, making them a valuable asset for businesses aiming to streamline assembly processes safely.

The pick and place segment is projected to grow at a CAGR of around 31% over the forecast period. This growth is driven by the rising need for precision and efficiency in inventory handling, as cobots are widely used in pick-and-place applications across multiple industries to increase accuracy and minimize shrinkage. Cobots’ compact size and lightweight structure make them an ideal choice for facilities with limited space, further boosting their demand in this segment.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robots Market To Deliver Prominent Growth & Striking Opportunities

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and automate manufacturing tasks. Technological advancements in cobot capabilities further fuel this growth, making them an appealing solution for SMEs.

The integration of artificial intelligence (AI) and machine learning (ML) in cobots is enhancing their adaptability, enabling cobots to learn from human operators and improve over time, which is greatly enhancing productivity and efficiency in various industries. Additionally, the advent of 5G technology is poised to stimulate cobot adoption, especially in manufacturing. An example of this is Nokia’s industrial-grade 5G wireless network designed to meet Industry 4.0 requirements. The low-latency connectivity of 5G enables Original Equipment Manufacturers (OEMs) to improve robotic automation, leading to significant gains in productivity, quality, and efficiency.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Cobots also contribute to workplace safety by reducing the number of workplace accidents, as they can handle repetitive or dangerous tasks, minimizing human exposure to hazardous conditions. Furthermore, cobots significantly improve product quality, which is driving their demand across multiple sectors. Industries such as electronics, automotive, logistics, machine tooling, packaging, and assembly are increasingly adopting cobots, positioning the market for sustained growth.

Retailers and e-commerce giants are also embracing robotic technologies, particularly in logistics and supply chain management. These companies are leveraging robotics to support warehouse operations, which helps improve speed, accuracy, and efficiency in managing logistics. The rising demand for cobots in logistics is anticipated to offer lucrative growth opportunities for the market in the coming years.

Application Segmentation Insights:

In terms of applications, the gluing and welding segment is expected to experience the highest CAGR over the forecast period. Cobots are gaining popularity in this segment due to the advantages they offer, such as reduced material waste, consistent quality, and increased output. This appeal is attracting attention from marketers and industry leaders. Meanwhile, the assembly segment captured a significant revenue share of approximately 23.0% of the collaborative robots’ market in 2022. The growth in this segment can be attributed to the use of cobots in handling simple and repetitive tasks as well as in supporting complex assembly operations.

The increasing demand for assembly-related activities, such as nut driving, bolting, insertion, and part fitting, from SMEs and large enterprises is driving growth in this segment. The use of cobots in assembly not only enhances productivity but also reduces the risk of injuries, making them a valuable asset for businesses aiming to streamline assembly processes safely.

The pick and place segment is projected to grow at a CAGR of around 31% over the forecast period. This growth is driven by the rising need for precision and efficiency in inventory handling, as cobots are widely used in pick-and-place applications across multiple industries to increase accuracy and minimize shrinkage. Cobots’ compact size and lightweight structure make them an ideal choice for facilities with limited space, further boosting their demand in this segment.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robots Market expected to show significant growth over the forecast period

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and…

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Collaborative Robots Market Size, Share, Growth and Industry Trends, 2030

The global collaborative robots market size is anticipated to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.

Over the past few years, the growing interest in robot technology across various industries has positively impacted the collaborative robots industry. Unlike conventional industrial robots, cobots are developed to operate at par with their human counterparts. They are mobile and can be easily moved from one area of a manufacturing facility to another. Moreover, they can be programmed with ease, are more cost-effective than their fixed counterparts, and can be used in a wide range of low-speed, repetitive applications.

The increasing need for highly efficient and user-friendly robots that do not require highly skilled experts for deployment and functioning has created a significant demand for software platforms. These platforms allow the integration of robots, motion control, and the generation of an interface that enables the programming of such robots. For instance, Mitsubishi Electric Corporation has launched a cobot named MELFA ASSISTA equipped with RT VisualBox, the company’s engineering software. This software allows the intuitive creation of operating sequences by connecting block diagrams in a chain of events, including linking with other devices, such as cameras and the hands of the robot.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Detailed Segmentation:

Application Insights

The gluing & welding segment is expected to witness the highest CAGR over the forecast period, which can be attributed to various benefits offered by cobots such as reduced waste, increased consistency, quality, and output product gaining attention from marketers. The assembly application segment captured a sizeable revenue share of around 23.0% across the collaborative robots market in 2022, owing to the increased usage of cobots for combining easy and repetitive tasks and supporting complex assembly processes.

Payload Capacity Insights

The up to 5kg payload capacity segment held a revenue share of more than 44% in 2022 and is anticipated to show remarkable growth in the future owing to its wide range of attributes. They are light in weight and offer flexibility while optimizing low-weight collaborative processes such as picking, placing, and testing. The launch of advanced cobots in this payload capacity range is opening new growth opportunities for the market. For instance, in March 2021, Comau S.p.A. launched a cost-effective cobot named Racer-5 suitable for packaging and warehousing. This advanced cobot works at an industrial speed of up to 6 m/s and has a 5kg payload capacity which facilitates seamless operations.

Vertical Insights

The automotive segment accounted for a revenue share of more than 24% in 2022 and is expected to grow substantially over the forecast period. The growth can be largely attributed to the increased adoption of collaborative robots owing to their ability to reduce floor space and the cost of production downtime. In addition to this, they find important usage in spot and arc welding, assembling parts, painting, coating, etc. Furthermore, the implementation of collaborative robots helps the automotive industry to increase productivity, resulting in increased demand over the forecast period.

Regional Insights

Europe is a remunerative hub for collaborative robots and captured a significant revenue share of more than 30.0% in 2022. This can be chiefly credited to the enormous application of collaborative robots across various verticals, including logistics, electronics, and inspection. Moreover, various advantages such as efficient manufacturing optimization solutions and increased collaboration offered by automation at the workplace are also expected to support the market expansion.

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Key Companies & Market Share Insights

The major companies operating in the collaborative robots industry are inclined to introduce innovative offerings to gain a competitive edge in the market. For instance, in February 2021, ABB Group expanded its collaborative robot portfolio with the introduction of the SWIFTI and GoFa cobot range, delivering higher speeds and payloads. This new range complements ABB’s cobot line-up of YuMi and Single Arm YuMi and is faster, stronger, and more capable.

It has been designed to support high-growth segments such as consumer goods, electronics, healthcare, logistics, food, and beverage, etc. Additionally, in November 2022, Epson America, Inc. announced the expansion of the VT6L-Series through the launch of the VT6L-DC All-in-One 6-Axis Robot. The newly launched product is ideal for mobile solutions and delivers next-level technology that helps to improve operational efficiency. 

Some prominent players in the global collaborative robots market include:

• ABB Group

• DENSO Robotics

• Epson Robots

• Energid Technologies Corporation

• F&P Robotics AG

• Fanuc Corporation

• KUKA AG

• MRK-Systeme GmbH

• Precise Automation, Inc

• Rethink Robotics, Inc

• Robert Bosch GmbH

• Universal Robots A/S

• Yaskawa Electric Corporation

• MABI Robotic AG

• Techman Robot Inc.

• Franks Emika Gmbh

• AUBO Robotics

• Comau S.p.A.

Collaborative Robots Market Segmentation

Grand View Research has segmented the global collaborative robots market based on payload capacity, application, vertical, and region:

Collaborative Robots Payload Capacity Outlook (Revenue, USD Billion, 2018 - 2030)

• Upto 5kg

• Upto 10kg

• Above 10kg

Collaborative Robots Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Assembly

• Pick & Place

• Handling

• Packaging

• Quality Testing

• Machine Tending

• Gluing & Welding

• Others

Collaborative Robots Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive

• Food & Beverage

• Furniture & Equipment

• Plastic & Polymers

• Metal & Machinery

• Electronics

• Pharma

• Others

Collaborative Robots Regional Scope (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

• Asia Pacific

o China

o Japan

o India

• South America

o Brazil

• Middle East and Africa

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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What Is the Future of Robotics in Everyday Life?

As technology continues to evolve at a rapid pace, many are asking, what is the future of robotics in everyday life? From automated vacuum cleaners to advanced AI assistants, robotics is steadily becoming an integral part of our daily routines. The blending of artificial intelligence with mechanical engineering is opening doors to possibilities that seemed like science fiction just a decade…

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[svayarobotics]

Revolutionizing Electronics Manufacturing: The Impact of Cobots at Svaya Robotics

Introduction: 

In the fast-paced world of electronics manufacturing, precision and speed are paramount. Svaya Robotics stands at the forefront of this industry, introducing innovative collaborative robots (cobots) that are transforming manufacturing processes. As a pioneering cobot manufacturer in India, we are dedicated to delivering solutions that enhance the capabilities of electronics manufacturers, setting new benchmarks for quality and efficiency.

The Advantages of Integrating Cobots in Electronics Manufacturing

Our cutting-edge cobots excel in executing complex tasks with extraordinary precision. They are adept at soldering minute components, assembling circuit boards, and managing sensitive electronic parts. At Svaya Robotics, we are not just creating machines; we are crafting future-ready industrial robotic arms that significantly elevate accuracy and operational efficiency in electronics manufacturing.

Human-Robot Collaboration: Enhancing Efficiency and Quality

Our unique approach emphasizes the synergy between human workers and robots. This collaboration enhances the precision of robotic arms while maintaining the critical oversight provided by human operators. This integration not only propels productivity but also ensures adherence to the highest quality standards in manufacturing. Our cobots are equipped with advanced technologies like vision systems and machine learning algorithms, enabling them to adapt to new tasks, learn from their surroundings, and continuously enhance their performance.

Versatile Automation with Svaya Robotics’ Cobots

We design our cobots for flexible automation across various manufacturing stages, from PCB assembly and quality inspection to final packaging. Our robotic solutions are designed to integrate seamlessly into existing production lines, enhancing efficiency without disrupting established processes.

Precision and Flexibility with Advanced Robotic Arms

Our portfolio includes sophisticated 6-axis and 7-axis robotic arms, which are crucial for the meticulous tasks required in electronics manufacturing. These robots are exceptionally agile, capable of navigating tight spaces and manipulating components with unmatched precision. Through collaborations with leading tooling companies, we ensure our cobots are equipped with the most advanced end-of-arm tools, enabling tasks like precision soldering and micro-assembly to be performed with unparalleled accuracy.

Future Outlook and Commitment

Looking ahead, Svaya Robotics aims to lead significant advancements in electronics manufacturing by continuing to innovate and expand our cobot capabilities. Our vision is to steer the industry towards enhanced efficiency, precision, and speed, enabling manufacturers to reach new heights of productivity and quality.

Conclusion:

Svaya Robotics is not just part of the future of electronics manufacturing—we are actively shaping it. By incorporating our advanced collaborative robots into your manufacturing processes, you can achieve unprecedented levels of efficiency and quality. We invite industry leaders and innovators to join us in this journey towards a more efficient, precise, and innovative future. Embrace the cutting-edge technology and creative solutions that Svaya Robotics brings to electronics manufacturing.

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Artificial Intelligence (AI) in Collaborative Robotic (Cobots) Systems Market - Forecast(2024 - 2030)

AI in Cobots Market Overview

The global AI in cobots market in 2021 reached $118.2 million and is estimated to grow at a CAGR of 34.22% during the forecast period to reach $616.3 million by 2027. The entire robotics industry is witnessing the effects of Covid-19 pandemic, with strain felt on the supply chain restricting parts of imports and equipment exports in H1 2021 especially. The overall economic uncertainty also pushed majority of customers to defer purchases in order to conserve capital. Recent advancements in Machine Learning and human robot interaction have enabled collaborative robots to precisely execute tasks in dynamically changing workspaces, enabling operations and material handling to run more smoothly, efficiently and productively. AI is now intelligently powering cobots by leveraging billions of hours of iterative machine learned practices in manufacturing, production and engineering. Collaborative robots (cobots) represent a variant of industrial robots and is currently considered to be one of the fastest growing segments in industrial automation driven by improved technology such as virtual assistants, cloud computing, internet of things. A cobot is a type of robot that is designed to operate alongside humans in shared workspaces. These machines are easy to program and deploy, can increase productivity manifold, and offer high returns on investment.

Report Coverage

The report: “AI in Cobots Market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the AI in Cobots market

By Payload: Up to 5 Kg, 5 to 10 Kg, Above 10 Kg. By Application: Handling, Assembling/Disassembling, Welding and Soldering, Dispensing, Packaging and Others. By End User: Automotive, Electronics, Semiconductor, Plastics and Polymer, Food and Beverage, Healthcare, Metals and Machining and others. By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

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Key Takeaways

Group PSA’s Sochaux plant in France has chosen Universal Robots UR10 for its "Plant of the Future" Project. Two UR10 cobots have been implemented at the Sochaux plant in screw driving applications on body-in-white assembly lines to increase performance and reduce production costs at the factory.

In 2019, Walmart has planned to invest $2.7 billion to add new robots totaling almost 4,000 robots in its stores and facilities in order to shift human workforce to customer service roles. The robots are majorly used for scanning, sorting goods from delivery trucks. This is set to create opportunities for AI in cobots in retail sector.

AI in Cobots Market Segment Analysis – By Application

Material Handling had a major share in the AI in Cobots Market with a value share of approximately 22.3% in 2021. Material handling is one of the major applications of industrial robots. Robots in material handling segment are used in applications such as movement of goods, protection, storage and control of products throughout manufacturing as well as warehousing of the products. Any industries that need to store, receive, dispatch or ship its products always entail industrial robot. Manufacturing and Warehouse operations involving handling of goods becomes complex when it takes place at a larger scale. This is made easy and efficient with the aid of industrial robots. Material handling robots are majorly used in warehousing applications as compared to its counterpart. Material handling applications that benefit from the incorporation of AI cobots encompass picking, packing, palletizing, sorting, and more. The wide-ranging use of these applications makes them a more site-specific solution for safety implementation. Operators and other workers are often moving or transporting other materials around the AI cobot, requiring additional planning to avoid hazardous contact. Safety-rated grippers are rare in the market at the present time. Currently, manufacturers typically use pneumatic grippers, which require safety considerations for impacts and the loss of power or suction. Uses of bar code, RFID, voice-activated receiving and packaging, pick-to-light technology, transportation management system is some of the drifts observed by material handling robots. Cycle counting, annual, physical and perpetual are few approaches of keeping a track of inventory.

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AI in Cobots Market Segment Analysis – By End User

Among industries, automotive held the largest share in 2021 at 23.2%. The industry development of AI cobots is ongoing in several different areas. Faster reaction time, more exact movement patterns, orientation capabilities, capabilities in imitating humans – all these aspects contribute to advancements in AI driven cobot development. In addition, brain-computer interfaces is an exciting area that has made significant progress recently. In recent developments in technologies such as linked data, parallel processing, edge computing and distributed artificial intelligence allow for efficient decision making by cobots, making execution robust and efficient. A challenge with the market deployment of AI cobots is that insufficient technology maturity hinders the market deployment of cobots. AI Cobot technology includes hardware design, sensors and actuators, efficient information processing, video processing, planning and multiple of fields from artificial intelligence landscapes, along with technologies that ensure safety, predictability and security of the solution. There is currently a need for high amount of signaling, bandwidth, low latency, and fast decision-making capabilities through efficient computing for AI driven cobots in safety-critical environments, wherein the facilities do not need human intervention. While the automation industry was affected during the pandemic, the longterm outlook for automation is positive, as end users evaluate their reliance on overseas supply chains and reevaluate their operations in a world where a pandemic can stop production cold. Automation is hence being looked upon as a valuable bulwark against the risks laid bare during the pandemic, and this can act as a strong growth driver for AI driven cobots and robots in industrial automation end user verticals.

AI in Cobots Market Segment Analysis – By Geography

Geographically, APAC held major share of 37% of AI in cobots market share in 2021, owing to high adoption of automation technologies in industrial and automotive warehouses and increasing investments and funding. North America is the next largest market with 33% revenue share in 2021. South America is witnessing the fastest growth rate with a CAGR of around 46.6% during the forecast period 2022 – 2027 owing to high investments and growing deployment of automation technology mainly in the countries such as Brazil, Argentina and Colombia. Portuguese company MOV.AI has announced in October, 2020 that it has raised $4m in funding. The company has designed its ROS for manufacturers of cobots, as well as academics and automation integrators. It also contributes to the ROS community. Some of the robots with AI enabled are YuMi from ABB, Franka Emika Panda, APAS from Bosch, Aura, Aubo, NEXTAGE and CORO etc.

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AI in Cobots Market Drivers

Growing demand for automation and technological advancements set to drive the AI In Collaborative Robotics Market

There has been significant growth in AI driven collaborative robotics market owing to the increased demand for automation, high competition in the e-commerce industry, and the advancement in technologies such as Internet of Things (IoT) and Artificial Intelligence (AI). The use of robots reduces the risk of injury to workforce has also witnessed growth. Integration of robots with artificial intelligence (AI) and machine vision technology has been assisting companies in obstacle detection, navigation, movement of the goods. This has been attracting vendors in automating the warehouses and installing the robots in warehouse, thereby driving the collaborative robotics market. In 2019, Geek Plus Robotics, an intelligent logistics robot solution provider had launched the world’s first interweaving sorting robot, which could be an alternative to conveyor systems. Mobile Industrial Robots (MiR), a leading manufacturer of collaborative mobile robots launched a new warehouse robot to automate the transportation of pallets and heavy goods across warehouses. Development of new robots for various applications of warehouses set to boost the demand of collaborative robotics market.

Growth in E-Commerce Sector

E-Commerce industry is rising at global level of retail and logistics. As a result, growing number of e-commerce companies look forward to automate warehouses. Warehouse robots play a key role in e-commerce industry for various applications such as automated storage and retrieval, picking and placing, order fulfillment operations and many others. Adoption of warehouse cobots by e-commerce companies helps in reducing operational and logistical costs and save on delivery time. This has been increasing automation in warehouses in order to deliver goods to shoppers in faster and more efficient ways by increasing productivity of supply chain. In developed countries such as the U.S., and Canada, Grocery retailers are focusing on deploying robots that bring the shelf stacks to human workers, who pick out the right products and package them up to be sent out. These robots travel with high speed, faster than humans, thereby increasing efficiency of the work. In 2019, Amazon had introduced new warehouse cobots in several of its U.S. warehouses that scan and pack items to be sent to customers. It has started using robots in warehouses, which scans goods coming down a conveyor belt raising the scope of adoption. In 2020 Covariant.ai launched its AI robots and solutions through its warehouse bin-picking robots which is being used by companies such as Knapp, a warehouse logistics company and Obeta, a German electronics retailer. As per estimates, around 2,000 AI powered robots have been deployed across warehouses globally.

AI in Cobots Market Challenges

High Initial Investment

The initial cost of AI driven collaborative robots that are used in factories are high as the cost of automation is much higher in comparison with labor costs. This prevents most companies from completely automating their operations with robots. The average selling prices of cobots vary from $25,000 to $50,000 and does not include the installation costs. In addition to this, there is a training cost associated with the robots that further restricts the operators’ likeability for integrating robots into their operating lines. Slow deployment of collaborative robotic systems by smaller and medium enterprises hampers the robotics market. However, high labor costs are set to drive the collaborative robot market during forecast period.

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AI in Cobots Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the AI in Cobots market. In 2021, the market of AI in Cobots market has been consolidated by the top players

Fanuc

Techman Robots

Rethink Robots

AUBA Robots

ABB

Kawasaki

KUKA

Yaskawa

Staubli

Universal Robots

Recent Developments

In May 2019, the government of Saudi Arabia announced an investment of $30 billion to upgrade warehousing facilities by adoption of the advanced autonomous robots in the newly built warehouses across Saudi Arabia, thereby contributing towards the growth of the cobots market during forecast period in this region.

In October 2019, the South Korean government announced an investment $150 million to develop the intelligent robots for various industrial application which includes warehousing and logistics, thereby enhancing the growth of the cobots market.

[mohitbisresearch]

The global collaborative robot (cobot) market is projected to reach $6,972.6 million by 2033 from $2,104.2 million in 2023, growing at a CAGR of 12.73% during the forecast period 2023-2033.

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Fastening Elements for Robotic Manufacturing

In the realm of robotic manufacturing, where efficiency and accuracy are paramount, fastening elements serve as the backbone of seamless assembly processes. From traditional screws to cutting-edge adhesive technologies, selecting the right fastening elements is crucial for achieving optimal performance and reliability. In this comprehensive guide, we delve into the best fastening elements that are transforming robotic manufacturing operations worldwide.

Precision Screws and Bolts: Traditional yet indispensable, precision screws and bolts are the cornerstone of fastening in robotic manufacturing. Engineered for accuracy and reliability, these fasteners provide the structural integrity needed for robust assembly. With advancements such as self-tapping screws and high-torque bolts, manufacturers can streamline assembly processes and achieve tighter tolerances in their robotic systems.

Advanced Riveting Techniques: Riveting remains a staple in robotic manufacturing, offering strong and durable joints for a variety of materials. From aluminum to composite materials, robotic riveting systems ensure precise and consistent fastening results. Modern advancements in riveting technology include blind rivets and programmable riveting robots, which enhance productivity and versatility in manufacturing operations.

Cutting-Edge Welding Technologies: Welding robots are indispensable for joining metal components in robotic manufacturing processes. Whether it's arc welding, spot welding, or laser welding, these technologies offer unparalleled strength and durability in fastening. Robotic welders equipped with advanced controls and sensing capabilities ensure precise welds, even in complex geometries, thereby enhancing the structural integrity of robotic assemblies.

Structural Adhesives and Sealants: The use of structural adhesives and sealants is on the rise in robotic manufacturing, offering high-strength bonding and sealing solutions for diverse materials. Robotic dispensing systems accurately apply adhesives and sealants, ensuring uniform coverage and minimizing waste. Structural adhesives enhance joint strength, while sealants provide protection against environmental factors, making them essential for reliable and long-lasting fastening in robotic systems.

Interlocking Mechanisms and Snap Fits: Interlocking mechanisms and snap fits provide efficient and reliable fastening solutions without the need for additional hardware. Robotic assembly systems are programmed to align and interlock mating components with precision, ensuring a secure fit without compromising assembly speed. Snap-fit designs and dovetail joints are particularly popular for their simplicity and versatility in robotic manufacturing applications.

In conclusion, the selection of fastening elements plays a crucial role in the success of robotic manufacturing operations. By leveraging precision screws and bolts, advanced riveting techniques, cutting-edge welding technologies, structural adhesives, and interlocking mechanisms, manufacturers can achieve unparalleled efficiency, accuracy, and reliability in their robotic assembly processes. As the robotic manufacturing industry continues to evolve, so too will the innovative fastening solutions that drive its success.

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We bring you fluid dispensing systems from Techcon to improve industrial hygiene and enhance productivity and efficiency.

TECHCON, whose solutions offer superior accuracy and durability, has innovated further to create the TS 9800 Series dispensing systems which not only deliver fluids in a contactless mode but also dispense 10-20 times faster than a contact dispense process.

The in-built piezo jet valve completes up to 2000 cycles per second with 97% accuracy. The contactless method does not damage the product on which the fluid is dispensed – thus achieving more efficiency than a contact-based valve with no wastage or downtime.

It is accompanied by the TECHCON TS980 Smart Controller with advanced touchscreen controls and intuitive user interfaces, enabling fast setup.

For more: https://zurl.co/ltVU

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In this groundbreaking video, we'll explore Japan's robotic revolution. Let's dive deep into the video to learn more about the next-generation humanoid robots of Japan and their role in our world. 👉 Subscribe to my channel to stay tuned:    / @aievolves  

In today's video, we'll delve into the captivating advancements in Japan's pioneering foray into robotics. Explore the transformative era reshaping industries and societies, as we showcase the latest in mind-bending tech and futuristic innovations.