Global Mobile Cobots Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Component, Application, Payload Capacity, End-User and Region

Market Overview:

Mobile Cobots, also known as Mobile Manipulators or Compound Robots, are often found mounted on Autonomous Mobile Robots (AMRs). These robots are capable of opening up new avenues in industrial automation by moving autonomously between different work areas and quickly shifting from one job to another while transporting material and can be used in various end-user industries, such as automotive, electrical & electronics, food & beverages, and more.

According to Ken Research estimates, the Global Mobile Cobots Market -grew from ~US$ 500 million in 2017 to ~ US$ 1,000 million in 2022 - is forecasted to grow further into ~ US$ 3,000 million opportunity by 2028 and is expected to record a positive CAGR of ~ 20% during the forecast period (2022-2028), due to its small size and low cost. These robots can perform a variety of tasks with high efficiencies, such as carrying materials and parts, and performing assembling and disassembling in some major industries like automotive, agriculture, electrical and electronics etc.

Increased investments in R&D and advancements in AI, IoT, and Machine learning are helping companies to develop more efficient Cobots that are equipped with the latest built-in force sensors for enhanced safety in a work environment.

Many end-user industries such as automotive, plastics & chemicals, electrical & electronics, food & beverages, and others are adopting collaborative robots compared to traditional industrial robots. According to the International Federation of Robotics (IFR), an international association, the number of collaborative robots installed globally increased from 11,000 to 22,000 from 2017 to 2020, while the number of traditional industrial robots installed decreased from 389,000 to 362,000 during the same period.

Increased investment in warehouse automation is providing notable opportunities for mobile cobots as they are small in size and highly cost-effective in nature. These robots can perform the same task acquiring less space and at half the cost of traditional industrial robots.

Robots are expected to become more mobile in near future. According to the International Federation of Robotics (IFR), unit sales of Autonomous Mobile Robots (AMRs), will increase by 31% annually in the logistics sector between 2020 and 2023. At the same time, the use of AMRs in public settings will quickly rise.

Industry 4.0 and Smart Factories are deploying Mobile Robots in the production process and material handling. However, with the increasing use of machine language and artificial intelligence, Mobile Cobots will be able to perform even more complex tasks with less human interaction.

The COVID-19 pandemic severely affected the deployment of mobile Cobots across major end-user industries such as automotive, electrical & electronics, metal and machinery. According to the International Federation of Robotics (IFR), the Sales of Robots (Both Industrial and Collaborative) decreased from 400,000 units in 2017 to 384,000 in 2020.

Scope of the Report

The Mobile Cobots market is segmented by component, application, payload capacity, application, and end-user industries. In addition, the report also covers the size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is in US$ Million.

By Component

Hardware

Software

Services

By Application

Material Handling

Soldering & Welding

Assembling & Disassembling

Milling, Cutting & Processing

Picking and Placing

Palletizing and De-palletizing

Painting and Dispensing

Machine tending

Others

By Payload Capacity

5-10 kg

>10 kg

By End User

Automotive

Plastics & Chemical

Electrical & Electronics

Food & Beverages

Healthcare & Pharmaceuticals

Aerospace

Agriculture

Retail & Logistics

Others

By Region

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Spain, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia, and Rest of Asia Pacific)

LAMEA (Latin America, Middle East, and Africa)

Key Players

ABB

FANUC CORPORATION

Yaskawa Electric Corporation.

Kuka AG

Universal Robots

Kawasaki Heavy Industries, Ltd

Omron Corporation

Siasun

Denso

Mitsubishi Electric Corporation

Comau.

AUBO Robotics Technology Co., Ltd

Key Trends by Market Segment

By Component: Hardware component held the largest market share in the global Mobile Cobots Market in 2021, due to its ability to work with high efficiency and provide a safe working environment.

Hardware component is further divided into sub-segments such as robotic arm, end effector, sensor, motor, and others.

The built-in force sensors provide a safe working environment as it is able to change its speed whenever a human comes within the range of the Robot.

Many companies are now adopting Cobots as compared to traditional robots, as it offers higher safety at a low installation cost.

By Payload Capacity: The >10 kg Payload Capacity Segment is expected to show the fastest growth for the Mobile Cobots Market during the forecast period.

In May 2021, Universal Robots (UR) launched a new version of its UR10e collaborative robot, which has a 25% increased payload capacity.

In May 2022, Fanuc launched the world's first collaborative robot with a payload capacity of up to 35 kg.

By Application: The material-handling segment accounted for the majority share of the Mobile Cobots Market in 2021, due to an increase in the adoption of Mobile Cobots in warehouse automation.

Big retail giants like Walmart and Amazon are now using Mobile robots in warehouses and retail stores. Deployment of robots has helped Amazon to reduce the workers required in warehouses and cut operating expenses by about 20%.

In 2021, Hai Robotics Delivered around 100 robots to WINIT an integrated supply chain solution provider for cross-border e-commerce, this will help WINIT to improve its efficiency in warehouses by up to three to four times more than manual work and daily handling of 50,000 pieces.

By End-User: Theelectrical & electronics segment held the largest market share in the Mobile Cobots Market in 2021.

According to the International Federation of Robotics (IFR) with 123,800 installations in 2021, electrical & electronics lead the chart among end-user industries, followed by the automobile industry with 72,600 installations and the metal and machinery industry with 36,400 installations.

By Geography: TheAsia Pacific accounted for the world's largest market for mobile cobots in 2021.

According to the International Federation of Robotics (IFR) the Asia Pacific Region accounted for nearly 71% of installations of Industrial Robots in the year 2020.

China and Japan accounted for the largest and second-largest share of the global mobile cobots market in 2020, with more than 168,400 & 38,700 and industrial and collaborative robot units shipped worldwide respectively.

Competitive Landscape

The Mobile Cobots market is highly competitive with ~250 players, which include globally diversified players, regional players as well as a large number of country-niche players. Most of the country-niche players are either components suppliers or assembling partners of global and regional players.

Large global players hold the largest market share, while regional players hold the second largest share. Some major players in the market include ABB, Yaskawa Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, SIASUN, Universal Robots, and OMRON, and others.

The leading global specialist companies such as Yaskawa, Fanuc, Kawasaki, Mitsubishi, and Omron are highly focused on providing significant Cobots for various applications that can be used across multiple industries, including Automation, Electrical and Electronics, Healthcare, and Pharmaceuticals, and more.

Recent Developments Related to Major Players

In 2022, SIASUN aimed at introducing a new industrial ecology with collaborative robots to deal with the congestion in supply chains. It will help manufacturing recover from the slow pace supply chain, which was affected due to the Covid -19 pandemic.

In June 2022, Universal Robots announced that it would be adding a new 20kg Cobot to its product range called the UR20. With its latest, design the Cobot is able to perform well in highly sophisticated engineering.

In January 2022, KUKA and Ford Otosan in Turkey signed a new framework contract for supplying more than 700 robots for Ford's EV and connected commercial vehicle projects in its Kocaeli plant.

In November 2021, ABB announced a strategic partnership and investment with Seven-sense Robotics to enhance its Autonomous Mobile robot offering with AI and 3D vision mapping features.

Conclusion

The Mobile Cobots Market is forecasted to continue with significant double-digit growth of ~20%, which is notably higher than what the industry witnessed between 2017 and 2021. Multiple industries are now switching to Mobile Cobots from traditional Industrial Robots as they provide the same efficiency at low cost and take up less space in manufacturing units. Though the market is highly competitive with ~250 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum of 2 working weeks.

Key Topics Covered in the Report

Snapshot of Mobile Cobots Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of Mobile Cobots Market

Historic Growth of Overall Mobile Cobots Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter's 5 Forces Analysis of Mobile Cobots Market Industry

Overview, Product offerings, and Strength & Weakness of Key Competitors

Covid 19 Impact on the Overall Mobile Cobots Market

Future Market Forecast and Growth Rates of the Total Mobile Cobots Market and by Segments

Market Size of Application / End User Segments with Historical CAGR and Future Forecasts

Analysis of Mobile Cobots Market in Global Regions

Major Production/Supply and Consumption/Demand Hubs in the Region

Region-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

ABB

FANUC CORPORATION

Yaskawa Electric Corporation.

Kuka AG

Universal Robots

Kawasaki Heavy Industries, Ltd

Omron Corporation

Siasun

Denso

Mitsubishi Electric Corporation

Comau

AUBO Robotics

Notable Emerging Companies Mentioned in the Report

Jaka

Sastra Robotics Pvt Ltd

Asimov Robotics

Techman Robot

Ken Robotech

Asage Robotics

Neura Robotics

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Mobile Cobots/Collaborative Robot Manufacturers

Mobile Cobots Component Assemblers

Mobile Cobots Component Suppliers

Raw Material Suppliers for Mobile Cobots

Potential Investors in Mobile Cobots Companies

Value Added Resellers of Robotic Equipment

Industrial OEMs of Mobile Cobots

Robotics Industry Associations

Robotics Research Groups

Government Ministries and Departments of Electronics Industry

Government Ministries and Departments of Engineering Industry

Time Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

Frequently Asked Questions

What is the Study Period of this Market Report?

The Mobile Cobots Market is covered from 2017-2028 in this report, which includes a forecast for the period 2022-2028.

What is the Future Growth Rate of the Mobile Cobots Market?

The Mobile Cobots Market is expected to witness a CAGR of ~ 20% over the next 6 years.

What are the Key Factors Driving the Mobile Cobots Market?

The increase in warehouse automation is expected to be the primary driver of the market.

Which is the Largest Application Segment within the Mobile Cobots Market?

Material Handling held the largest market share of the Mobile Cobots Market in the Application Segment in 2021.

Who are the Key Players in Mobile Cobots Market?

ABB, FANUC CORPORATION, Yaskawa Electric Corporation, Kuka AG, Universal Robots, Kawasaki Heavy Industries Ltd., Omron Corporation, Siasun, Denso, Comau, Mitsubishi Electric Corporation and AUBO Robotics among others are the major companies operating in Mobile Cobots Market.