According to a new market research report, published by Transparency Market Research, the mobile cobots market
is expected to reach US$ 4,472.53 Mn by 2026, expanding at a CAGR of
33.4% from 2018 to 2026. According to the report, the mobile cobots
market is likely to continue to be influenced by a range of
macroeconomic and market-specific factors in the next few years. In
terms of demand, Asia Pacific is projected to lead the global market
during the forecast period. The market in the region is likely to expand
at a CAGR of 35.9% from 2018 to 2026. South Korea and Japan are
expected to be major contributors to the mobile cobots market in Asia
Pacific during the forecast period.
Inclination toward Industrial Automation
A mobile cobot (mobile collaborative
robot) is an intelligent, transportable robot that can assist humans in a
shared workspace. Mobile cobots are moving platforms wherein cobots are
mounted on mobile robots. These are automated machines. It is an
emerging technology that is capable of moving within a set environment.
Apart from the manufacturing industry, mobile cobots are used for
research and exploration. Currently, use of mobile robots has extended
to the industrial sector. In the recent years, there has been a
significant rise in the demand for industrial robots in the automotive
sector.
This can be attributed to increasing
customer demand for customization in their cars. Unlike industrial
robots, collaborative robots are not dedicated to only a single task.
Hence, manufacturers are now switching to collaborative robots.
Inclination toward industrial automation is acting as a driver of the
mobile cobots market. Robots have been utilized in industries for a long
time. They have made the human work easier by running large industrial
settings. Robots in factories have typically been large, caged devices
that perform repetitive, dangerous tasks in place of humans. Moreover,
rising labor costs in developing economies, mostly in material handling
industries, are driving the demand for cobots. This is primarily due to
economic growth of industrialized countries.
The global mobile cobots market has been
broadly segmented in terms of weight capacity, application, end-use
industry, and geography. Based on weight capacity, the market has been
segregated into 1 to 3 kg, 3 to 5 kg, and 5 to 10 kg. Among these, the 3
to 5 kg segment accounted for a major share of more than 50.0%, in
terms of revenue, in 2017. The segment is anticipated to expand at a
CAGR of 33.5% during the forecast period. In order to fulfill the global
demand, various manufacturers of mobile cobots are currently focusing
on research and development activities in order to invent advanced
applications of mobile cobots. Cobots are gaining popularity among
manufacturing companies and different industries. The primary factor
boosting the global mobile cobots market is decline in costs of
collaborative robots over the last few years. Upfront costs of cobots
are 20% of those of traditional robots with an average payback period as
short as six to eight months. Also, installation of cobots requires
minimal investments and time.
0 comments:
Post a Comment