Collaborative Robots Market to Register Remarkable CAGR of 42.7% by 2028; Universal Robots Launches UR+ Application Gears

The global collaborative robots market size was USD 979.6 million in 2020. The market valuation is predicted to grow from USD 1,358.2 million in 2021 to USD 16,387.3 million in 2028 at a CAGR of 42.7% in the 2021-2028 period.

This information is provided by Fortune Business Insights™ in its report titled “Collaborative Robots Market Size, Share & COVID-19 Impact Analysis, By Payload Capacity (Up to 5 Kg, 6-10 Kg, 11 Kg and Above), By Application (Welding, Material Handling, Quality Testing, Painting/Spraying, Assembling, Others), By Industry (Automotive, Electronics & Semi-Conductors, Food & Beverages, Retail, Metal & Machining, Rubber & Plastic, Others), and Regional Forecast, 2021-2028.”

According to our expert analysts, amalgamation of sensor data and simple technology involving Artificial Intelligence (AI) and Machine Learning (ML) assists these robots to triangulate in dynamic real-world environments and make real-time judgments.

COVID-19 Impact: Halt in Supply-Chain & Deterioration in Sales to Obstruct Market Growth

The COVID-19 pandemic, which is a critical communicable disease that spread from China, has at present extended around each corner of the world. As China is reflected to be a central market for these robots in the APAC area, this coronavirus disease has had an adversative effect on the market in 2020.

The COVID-19 pandemic disturbed and depreciated collaborative robot placement in various primary industries, involving automotive, electrical and electronics, as well as metals and machining.

Doosan Robotics Unveils Six Novel Cobots to Satisfy Evolving Demands from Various Industries

Doosan Robotics Inc. is launching six novel collaborative robots, expanding its inventive product offerings. The novel line-up comprises four representations from the A-SERIES and two from the H-SERIES, contributing to the assortment of ground-breaking, future-proof cobots of the company.

The A-SERIES, which has attained the best speed and affordability in the industry, is encompassed of four models, A0509, A0912, A0509s, and A0912s, and supplies payload assortment of 5kg to 9kg.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/collaborative-robots-market-101692

Upsurge in Demand for Automation in Various Industrial Procedures to Fuel Market Size

Largely, these automation solutions can suggestively decline the charges of delivery. This is assisted by present robot progressions, which permit businesses in a selection of industries to run independently with improved human aptitude and capacity. Furthermore, the substantial essentials that are fuelling the robot deployment comprises augmented advantages and reimbursement rates, workforce scarcities & elongated training and onboarding. The abovementioned factors are likely to augment collaborative robots market growth during 2021-2028.

Competitive Landscape

Dominating Players Focus on Novel Products Empowered With Progressive Technologies

Manufacturers and producers are fixated on supplying gadgets that can be functioned in close connection with humans, with negligible threat of impairment from crushing boundaries and a cleanable surface area that averts dirt traps.

Industry Development

• March, 2020: Universal Robots unveiled UR+ application gears to make the positioning of Cobots effortless for small, medium, and large-scale businesses, as well as groundbreaking solutions at MODEX 2020 that established the usage of cobots to computerize critical-to-staff processes such as palletizing and piece-picking.

List of Key Players Covered in the Market Report

• Universal Robots (Odense, Denmark)


• Rethink Robotics GmbH (Massachusetts, U.S.)


• Denso Wave Incorporated (Aichi Prefecture, Japan)


• Fanuc Corporation (Yamanashi, Japan)


• Bosch Rexroth AG (Lohr a. Main, Germany)


• ABB (Zürich, Switzerland)


• Yaskawa America, Inc.- Motoman Robotics Div. (Fukuoka, Japan)


• AUBO Robotics (Tennessee, U.S.)


• Stäubli International AG. (Freienbach, Switzerland)


• K2 Kinetics (Pennsylvania, U.S.)


• Rethink Robotics (U.S.)


• MABI Robotic (Switzerland)


• FrankaEmika (Germany)


• F&P Robotics (Switzerland)


• Neura Robotics (Germany)

Further Report Findings:

Asia Pacific held maximum collaborative robots market shares and is expected to develop rapidly in the future years.

The 6-10 kg and up to 5 kg sub-segment is expected to expand at a significant rate owing to its ability to execute many and repeated operations at a fast pace.

Table of Segmentation