Mobile Cobots Market size was reached over USD 2.3 Billion in 2022 and is estimated to attain at more than 16.4% CAGR through 2023 - 2032. By the end of the forecast period, the market is expected to reach a valuation of around USD 9.5 Billion.
Mobile cobots, or collaborative robots, are developed to work alongside human workers in industrial settings. They are equipped with sensors, cameras, and other tools to perform a wide range of tasks, from assembly and packaging to material handling and inspection. The concept of mobile cobots involves the use of robotics technology to automate tasks that were previously performed exclusively by humans. These robots are designed to be agile and flexible, able to move easily between different workstations and adapt to changing production needs. Mobile cobots are typically equipped with advanced safety features to ensure that they can operate safely alongside human workers. For example, they may be equipped with sensors and cameras that allow them to detect and avoid obstacles, as well as software that can monitor their movements and stop them if they come too close to a human worker.
- Increasing demand for automation in various industries, including manufacturing, automotive, and logistics
- Flexibility and mobility offered by mobile cobots
- High initial investment and maintenance costs associated with mobile cobots.
- Limited payload capacity and speed of mobile cobots
Growing demand for automation in various industries, including manufacturing, automotive, and logistics
The demand for automation is driving the adoption of mobile cobots, as they offer a flexible, efficient, and safe solution for automating various tasks in industries where human workers and robots can work collaboratively to achieve higher productivity and efficiency. In the manufacturing industry, mobile cobots can help to optimize the production process by performing repetitive tasks, such as material handling and packaging, freeing up human workers to focus on more complex tasks. In the automotive industry, mobile cobots can be used for tasks such as welding, painting, and assembly. In the logistics industry, mobile cobots can be used for material handling, order picking, and packing, among other tasks.
As the world is moving towards Industry 4.0, there is a growing need for advanced automation technologies to increase productivity, reduce errors, and optimize production processes. Mobile cobots, with their ability to work alongside human workers, can help to automate various tasks in these industries, including material handling, assembly, and quality control.
Mobile Cobots Market is classified into hardware, software, and services. The hardware segment is predicted to witness significant revenue share through 2032. The robot arm is the most important element that distinguishes a cobot application from others. Businesses would be forced to deploy large, space-consuming industrial robots if they did not have a robotic arm.
Among the applications, material handling is projected to be one of the significant segments in the global mobile cobots market in the coming years owing to its advantageous like increased productivity, flexibility, and safety in the workplace. Mobile cobots can be a useful tool for material handling in various industries. These robots are designed to work alongside humans in a shared workspace, and they can assist with a range of tasks such as picking, packing, and palletizing.
Mobile cobots market in North America is expected to observe robust demand during the forecast timeframe, driven by the increasing investments in research and development by these companies to improve the capabilities of mobile cobots and the growing need for collaborative robots to work alongside human workers. The region has a highly developed manufacturing industry, which is a major consumer of mobile cobots for material handling, assembly, and quality control tasks. Additionally, the logistics industry in North America is also a significant consumer of mobile cobots for tasks such as order picking and packing.
The United States is the largest market for mobile cobots in North America, with a well-established robotics industry and a high level of automation adoption in various sectors. Canada is also poised to record substantial growth in the mobile cobots industry, driven by the increasing focus on automation in the manufacturing and logistics industries.
Recent Development (Product Launched/Expansion/Merger & Acquisition/Partnership):
- In November 2022, Hyundai Mobis has introduced a new production line of collaborative robots (cobots) for use in general and smart manufacturing systems. This robot has autonomous arms as well as an array of lidar sensors and cameras, allowing it to work autonomously alongside its human counterparts, navigating the factory with very minimal human intervention.
- In August 2022, Smart Robotics has released their latest cobot, the Smart Fashion Picker. This cobot can pick a wide range of fashion items from a cart or bin, which are wrapped in protective wrapping.
Leading companies present in the global mobile cobots market:
- Denso Wave Incorporated.
- Addverb Technologies Private Limited
- KUKA AG
- Aethon Inc.
- Locus Robotics.
- Hyundai Mobis
- Aubo Robotics
- Doosan Robotics Inc.
- Mobile Industrial Robots A/S.
- Fanuc Corporation
- HTE Technologies.
- Kawasaki Heavy Industries, Ltd.
In-depth analysis of mobile cobots market along with industry coverage and forecasting for the following segments:
Market Value, By Offering
Market Value, By Capacity
- 1 to 5 kg
- 5 to 10 kg
- Above 10 Kg
Market Value, By Application
- Machine Tending
- Quality Inspections
- Material Handling
Market Value, By End-use Industry
- Electronics & Semiconductor
- Aerospace & Defense
- Food & Beverage
Market Value, By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America