PUBLISHER: Grand View Research | PRODUCT CODE: 1268746
PUBLISHER: Grand View Research | PRODUCT CODE: 1268746
U.S. Collaborative Robots Market Size, Share & Trends Analysis Report By Payload Capacity, By Application (Assembly, Handling, Packaging, Quality Testing, Machine Tending, Gluing & Welding), By Industry, And Segment Forecasts, 2023 - 2030
U.S. Collaborative Robots Market Growth & Trends:
The U.S. collaborative robots market size is anticipated to reach USD 1,329.1 million by 2030, exhibiting a CAGR of 29.9% over the forecast period, according to a new report published by Grand View Research, Inc. The collaborative robot market in the U.S. has been experiencing strong growth in the forecast period. The growth is expected to continue due to the increasing demand for automation and flexibility in manufacturing processes, advancements in collaborative robot technology, and the need for safer working conditions for employees.
Collaborative robots, also known as cobots, are designed to work alongside human workers, assisting with tasks that require speed, precision, and accuracy while also improving overall productivity and efficiency in the workplace. Companies are incorporating cobots into their operations in parallel with the development of low-cost, simplistic robotic technology. As this technology is becoming more widely available and accessible, it will be broadly used across a wide range of industries.
A collaborative robot is equipped with advanced sensors and vision systems that allow them to detect and respond to the presence of human workers in real time. These systems ensure that the robots can collaborate safely with humans without causing harm or injuries. These robots are equipped with machine learning and AI capabilities, which enable them to adapt to changing environments and learn from their interactions with humans.
This allows them to perform a broader range of tasks more efficiently and accurately. Mobile collaborative robots are becoming more common, allowing them to move around and perform tasks in different parts of the factory or warehouses. These robots have advanced navigation and obstacle avoidance systems that allow them to operate safely and efficiently in dynamic environments.
Cloud connectivity is an important technological advancement in the market; it enables the robot to connect with the internet and access cloud-based services and applications such as analytics, machine learning, and artificial intelligence. This connectivity allows manufacturers to collect and analyze data from their robots which can be used to optimize production processes, improve quality control, and reduce downtime.
Cloud connectivity enables cobots to communicate with other robots and systems across the factory or warehouse, creating a more interconnected and efficient production environment. For example, robots can share data on their status and location, enabling them to work together more effectively and reducing the risk of collisions and accidents.
It also allows manufacturers to monitor and control their cobots remotely. This can be particularly useful for companies with multiple sites or facilities, enabling them to manage their robots from a central location. Remote monitoring also enables companies to quickly identify and diagnose problems with their robots, reducing downtime and improving productivity.
The market is competitive with many players vying for market share. The companies have a unique market strategy, which helps them differentiate themselves from their competitors. Few companies offer a wide range of industrial robots, including collaborative robots. They strongly focus on innovation and invest heavily in R&D. Alongside companies also focus strongly on quality and reliability. They have a global distribution network, a wide range of cobots, and expertise in providing automation solutions for different industries.
U.S. Collaborative Robots Market Report Highlights:
- The gluing and welding application segment is anticipated to witness the fastest CAGR of over 31% from 2023 to 2030. These robots are a cost-effective solution for automating tasks, are flexible working, and are easily reprogrammed for different tasks making them a versatile solution for manufacturers
- The automotive industry segment is expected to register the fastest CAGR from 2023 to 2030. These robots are used to work safely alongside human workers, making them well-suited for the automotive industry, where many manual tasks can be automated
- The up to 5 kg payload capacity segment acquired a higher revenue share in 2022 due to the increasing demand for automation in various industries, including automotive, electronics, and healthcare, which is driving the adoption of cobots
- The major players in the market include Universal Robots, ABB, KUKA Robotics, and FANUC Corporation, among others. These companies invest heavily in R&D to develop a more advanced and sophisticated collaborative robot that can perform complex tasks with greater precision and efficiency
Table of Contents
Chapter 1 Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. Gvr's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Collaborative Robots Market - Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Increasing Investments For Automation In The Manufacturing Processes
- 3.3.1.2 Higher Return On Investment (Roi) And Lower Price Of Collaborative Robots
- 3.3.1.3 Increasing Demand In Logistics To Drive The Demand In Future
- 3.3.1.4 Growing Opportunities For Robot Installations In Various Industry Verticals Across The U.S. Region
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 High Initial Investment And Training Requisites
- 3.3.2.2 Lack Of Capabilities Related To Faster Cycle Time And Repeatability
- 3.3.1 Market Driver Analysis
- 3.4 Industry Analysis - Porter's
- 3.4.1 Supplier Power: Moderate
- 3.4.2 Buyer Power: Low
- 3.4.3 Substitution Threat: Low
- 3.4.4 Threat From New Entrants: Low
- 3.4.5 Competitive Rivalry: High
- 3.4.6 Pest Analysis
- 3.5 Penetration & Growth Prospect Mapping
- 3.6 Segmental Trends
- 3.6.1 Payload Capacity
- 3.6.2 Application
- 3.6.3 Industry
Chapter 4 Payload Capacity Estimates & Trend Analysis
- 4.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
- 4.2 U.S. Collaborative Robots Market: Payload Capacity Movement Analysis
- 4.2.1 Market Size Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5 Application Estimates & Trend Analysis
- 5.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
- 5.2 U.S. Collaborative Robots Market: Application Movement Analysis
- 5.2.1 Market Size Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6 Industry Estimates & Trend Analysis
- 6.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
- 6.2 U.S. Collaborative Robots Market: Industry Movement Analysis
- 6.2.1 Market Size Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
- 7.1 Key Participants
- 7.1.1 Abb Group
- 7.1.2 Denso Corporation
- 7.1.3 Epson America Inc.
- 7.1.4 Aubo (Beijing) Robotics Technology Co., Ltd
- 7.1.5 Comau S.P.A.
- 7.1.6 Energid Technologies Corporation
- 7.1.7 Fanuc Corporation
- 7.1.8 Kuka Ag
- 7.1.9 Rethink Robotics Gmbh
- 7.1.10 Robert Bosch Gmbh
- 7.1.11 Techman Robot Inc.
- 7.1.12 Universal Robots A/S
- 7.1.13 Yaskawa Electric Corporation
- 7.1.14 Precise Automation, Inc.
- 7.1.15 Mrk-Systems Gmbh
- 7.2 Recent Development & Impact, By Key Market Participants
- 7.3 Company Categorization
- 7.4 Participant's Overview
- 7.5 Financial Performance
- 7.6 Product Benchmarking
- 7.7 Company Heat Map Analysis
- 7.8 Company Market Share Analysis, 2022
- 7.9 Strategy Mapping
- 7.9.1 Expansion
- 7.9.2 Mergers & Acquisition
- 7.9.3 Collaborations
- 7.9.4 New Product Launches
List of Tables
- Table 1 Collaborative robots market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 2 Key market driver impact
- Table 3 Key market restraints impact
- Table 4 Payload capacity analysis
- Table 5 Application analysis
- Table 6 Industry analysis
- Table 7 U.S. collaborative robots market, by payload capacity, 2018 - 2030 (USD Million)
- Table 8 U.S. collaborative robots market, by application, 2018 - 2030 (USD Million)
- Table 9 U.S. collaborative robots market, by industry, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Research process
- Fig. 2 Market formulation
- Fig. 3 Market snapshot
- Fig. 4 Segment snapshot
- Fig. 5 Competitive landscape snapshot
- Fig. 6 U.S. collaborative robots market segmentation
- Fig. 7 U.S. collaborative robots market - value chain analysis
- Fig. 8 Market dynamics
- Fig. 9 PEST analysis
- Fig. 10 Penetration & growth prospect mapping
- Fig. 11 U.S. collaborative robots market payload capacity outlook key takeaways
- Fig. 12 U.S. collaborative robots market: payload capacity movement analysis
- Fig. 13 U.S. collaborative robots market: market revenue trend, 2018 - 2030
- Fig. 14 U.S. collaborative robots market application outlook key takeaway
- Fig. 15 U.S. collaborative robots market: application movement analysis
- Fig. 16 U.S. collaborative robots market: market revenue trend, 2018 - 2030
- Fig. 17 U.S. collaborative robots market industry outlook key takeaway
- Fig. 18 U.S. collaborative robots market: industry movement analysis
- Fig. 19 U.S. collaborative robots market: market revenue trend, 2018 - 2030
- Fig. 20 Collaborative robots market: Key company analysis
- Fig. 21 Company market position analysis
