Skip to main content

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

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Power Electronics Market Analysis by Industry Segments, Share, Application, Development, Growing Demand, and Top Key Players

The expanding application pool of power electronics, the increasing utilization of renewable energy sources, and the rapid advancements in power electronics technology are the main factors driving the progress of the market across the globe. Additionally, the rising usage of power electronic devices in various utility applications and the growing demand for high power density in wind power generators, electric rail traction drives, solar power generators, and inverter systems are fueling the growth of the market. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/power-electronics-market/report-sample Power electronic devices make sure that power is supplied effectively, thereby providing high flexibility, reliability, and security to the power systems. Due to these devices, the already-existing electrical grids can be easily converted into next-generation networks. When end user is taken into consideration, the power electronics market is divided in...
Post a Comment
Read more

Why Are Smart Solar Devices Trending in Solar Street Lighting Market?

The component segment of the solar street lighting market is divided into lamp, solar panel, battery, and controller. Under this segment, the solar panel division generated the highest revenue in 2019, and it is expected to maintain its dominance during the forecast period. Solar panels are a quintessential component of a solar lighting system, and they are relatively costlier than other components.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/solar-street-lighting-market/report-sample These panels offer electricity to charge the battery in daylight, which illuminates the lamps attached to them in less or no sunlight. During the historical period (2014–2019), the Asia-Pacific (APAC) market accounted for the largest share. This was due to the rising expenditure on infrastructure development and growing number of government initiatives in South Korea, India, Australia, China, and Japan for the installation of solar lighting systems.  As ...
Post a Comment
Read more