The industrial sector is undergoing rapid digital transformation to counter the increasing complexity of production processes and achieve higher productivity, which is subsequently fueling the demand for industrial automation solutions. Additionally, the surging need for reducing labor costs in the manufacturing sector is also facilitating the adoption of such solutions. Thus, the burgeoning demand for industrial automation solutions will result in the large-scale adoption of mobile collaborative robots (cobots) in the foreseeable future.
Additionally, the surging use of mobile cobots in the automotive sector will drive the mobile collaborative robots market at a robust CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $543.3 million in 2019 and it will reach $6.8 billion by 2030. Automotive original equipment manufacturers (OEMs) use mobile cobots for welding, material handling, and assembling applications to offer improved output and standardization in the production process.
In recent years, there has been a significant surge in the usage of bin-picking mobile cobots in warehouses and factories because they provide high accuracy in placing the products and take less time to operate. Owing to these advantages, they are being preferred by manufacturers across several industries. For example, ActiNav, an autonomous bin-packaging kit developed by Teradyne Inc., is used for machine tending applications. This bin-picking mobile cobot can autonomously and easily locate and pick the parts from bins and place them on a machine.
The payload segment of the mobile collaborative robots market is categorized into <5 kg, 5–10 kg, and >10 kg. Under this segment, the <5 kg category generated the highest revenue in 2019, as <5 kg payload capacity mobile cobots are ideal for pick and place, assembly, and testing applications. Whereas, the 5–10 kg category is expected to exhibit the fastest growth during the forecast period, owing to the surging use of 5–10 kg payload capacity mobile cobots in the electronics and automotive industries to handle materials within its weight range.
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