Skip to main content

Mobile Collaborative Robots Demand To Grow On Account of Industrial Automation

The industrial sector is undergoing rapid digital transformation to counter the increasing complexity of production processes and achieve higher productivity, which is subsequently fueling the demand for industrial automation solutions. Additionally, the surging need for reducing labor costs in the manufacturing sector is also facilitating the adoption of such solutions.

Thus, the burgeoning demand for industrial automation solutions will result in the large-scale adoption of mobile collaborative robots (cobots) in the foreseeable future. Additionally, the surging use of mobile cobots in the automotive sector will drive the mobile collaborative robots market at a robust CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $543.3 million in 2019 and it will reach $6.8 billion by 2030.


Automotive original equipment manufacturers (OEMs) use mobile cobots for welding, material handling, and assembling applications to offer improved output and standardization in the production process. Mobile cobots with varying payload capacities are used in the aerospace and defense, agriculture, automotive, construction, electronics, food and beverage, healthcare, manufacturing, mining and mineral, and retail industries.

These end users use such robotic systems in assembling, machine tending, material handling, packaging, pick and place, quality inspection, and welding applications. To meet the needs of end users, Kawasaki Heavy Industries Ltd., Siasun Robot & Automation Co. Ltd., TECHMAN ROBOT INC., Diligent Robotics Inc., Robotnik Automation S.L.L., ABB Ltd., Aubo Robotics, and Shenzhen Yuejiang Technology Co. Ltd. (DOBOT) are focusing on facility expansions.

Globally, the Asia-Pacific (APAC) mobile collaborative robots market generated the highest revenue in 2019, and it will continue this trend in the forecast years as well, owing to the burgeoning demand for consumer electronics and electronic vehicles (EVs) in India, South Korea, and China. Additionally, the booming population and mounting disposable income of people will also contribute to the market growth in the region.

Moreover, the increasing presence of consumer electronics manufacturers and the rising inclination of end-use industries toward industrial automation will help the APAC market exhibit the fastest growth during the forecast period. Therefore, the rising demand for industrial automation solutions and the surging need for improving the production process in the automotive sector will lead to the widescale usage of mobile cobots globally.
Labels:

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

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

India Structured Cabling Market Technological Advancements, Evolving Industry Trends and Insights

A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India. One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government...
Post a Comment
Read more