Increasing Industrial Automation Solution Adoption to Drive Mobile Collaborative Robots Demand

Mobile collaborative robots or mobile cobots offer enhanced output quality and standardization in the manufacturing processes in the automobile industry. In comparison to human operators, mobile cobots can handle multiple tasks simultaneously, such as material handling, welding, and assembling. In recent years, the adoption of these robotic systems has significantly increased in the automotive sector, owing to the increasing level of automation in vehicles.

Thus, the ongoing developments in autonomous vehicles will facilitate the adoption of mobile cobots, globally, in the coming years. Moreover, the burgeoning demand for industrial automation solutions will also drive the mobile collaborative robots market at a healthy CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will escalate from $543.3 million in 2019 to $6.8 billion by 2030.

The accelerating adoption rate of automation solutions in manufacturing facilities can be attributed to the rising complexities in production processes, soaring labor costs, increasing shortage of labor, and growing focus on enhanced productivity. Currently, manufacturing units and warehouses are increasingly using bin-picking mobile cobots, due to their high accuracy in placing products and lesser operating time than traditional ones.

These cobots also assist manufacturers in placing parts more accurately and achieving high machine uptime rapidly, with minimum manual intervention. For instance, ActiNav, an autonomous bin-picking kit, launched by Teradyne Inc. in April 2020, can autonomously and easily locate and collect the parts from the bins and position them on a machine accurately.

This market research report provides a comprehensive overview of the market

The 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

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