Skip to main content

Mobile Collaborative Robots Market Technological Advancements, Evolving Industry Trends and Insights

P&S Intelligence says that due to the rampant industrialization and with companies’ efforts to increase their manufacturing output further, the mobile collaborative robots market value, which was $543.3 million in 2019, will rise to over $6,800.0 million in 2030, at a high 26.3% CAGR between 2020 and 2030. Also called cobots, these robots are able to move autonomously across the factory floor, thereby increasing the operational efficiency and reducing the requirement for human controllers.

In addition, with the Industry 4.0 revolution and government industrialization initiatives, such as the Made in China and Make in India missions, the demand for automated and smart factories has risen. The increasing complexity of the products to be manufactured and of the production process itself and the rising costs of hiring human laborers are also encouraging companies to employ robots.

Mobile Collaborative Robots Market its Future Outlook and Trends

Stationary robots have already been widely used in the automotive and semiconductor sectors, and with the surging degree of automation, mobile cobots are also being used. A key trend in this regard is bin-picking robots, especially in factories that have a huge amount of inventory. For instance, in the automotive, aerospace, and semiconductor sectors, parts such as pipes, nuts and bolts, and valves are often kept in large bins.

For enhanced efficiency, many factories are employing mobile cobots that can travel to the bin, identify the part, pick it up, and take it to the production area without human intervention. For instance, Teradyne Inc. launched the ActiNav bin-picking robot for machine tending applications in 2020. Another sector where the demand for mobile cobots is increasing is agriculture. With the global population about to touch 10.9 billion in 2100, farmers are finding it extremely difficult to produce enough food using conventional methods.

Therefore, the usage of robots, artificial intelligence, facial recognition, predictive analysis, internet of things (IoT), drones, automated combined harvesters, and other modern technologies is rising here. Additionally, with governments giving their support to the agrarian community in the form of financial loans and technology integration, the use of cobots on farmlands will surge.

Hence, with the burgeoning industrial production, the usage of mobile cobots will boom.

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