Mobile Collaborative Robots Market Business Analysis, Growth and Forecast Report

Posted by Devanshu Shrivastava on April 14th, 2021

At present, manufacturers across the world are increasingly deploying bin-picking mobile cobots in their production units to allow accurate placement of parts and quickly attain machine uptime, with less manual intervention. Due to the widescale demand for these cobots, market players are focusing on developing new and improved bin-picking mobile cobots. For instance, Teradyne Inc., in April 2020, launched ActiNav, an autonomous bin-picking kit, for machine tending applications.

It can autonomously and smoothly locate and pick the parts from the bins and put them on a machine, accurately. Geographically, the Asia-Pacific (APAC) region accounts for the largest share in the mobile collaborative robots market. This is primarily due to the flourishing automobile industry, which is currently driven by the rising sales of electric vehicles (EVs) in the region. Japan and China are the major contributor to the regional market, on account of the extensive support from their governments to boost the adoption and production of EVs.

For example, in April 2020, the Chinese government announced that it will provide subsidies for new-energy automobiles until 2022 end. Furthermore, the APAC market will register the fastest growth in the foreseeable future, on account of the escalating sales of consumer electronics. The adoption of consumer electronics has surged, due to the booming population and rising disposable income in the region.

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Moreover, the strong presence of consumer electronic producers, such as Samsung Electronics Co. Ltd. and LG Electronics Pvt. Ltd., and migration toward industrial automation will fuel the adoption of mobile cobots in the coming years. Also, the manufacturing sector is shifting toward automation to reduce human intervention, in APAC.  Thus, the rising automation level in the industrial sector and the augmenting demand for consumer electronics will accelerate the usage of mobile cobots in the coming years.

This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings