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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.

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