PUBLISHER: The Insight Partners | PRODUCT CODE: 1843295
PUBLISHER: The Insight Partners | PRODUCT CODE: 1843295
The North America collaborative robots market was valued at approximately $235.09 million in 2023 and is projected to grow significantly, reaching around $2,311.90 million by 2031, with an impressive compound annual growth rate (CAGR) of 33.1% during the forecast period from 2023 to 2031.
Government Support for Robotics Development
Various governments across the globe are actively promoting the advancement and integration of robotics technology. A notable initiative is the National Robotics Initiative 3.0 (NRI-3.0), launched in February 2021, which focuses on research into collaborative robots (co-bots) that can safely operate alongside humans. This initiative, funded by the National Science Foundation, aims to foster innovation in collaborative robotics across multiple sectors, including manufacturing, healthcare, and space exploration. The primary objective of NRI-3.0 is to expedite the implementation of intelligent systems that improve human productivity, safety, and adaptability.
Additionally, the CoRoM (Collaborative Robotics in Manufacturing) program, initiated in 2018 and supported by NSERC through the CREATE initiative, is designed to train professionals in the field of collaborative robotics within the manufacturing sector. This program is a collaborative effort between Universite de Sherbrooke, Ecole de technologie superieure (ETS), and Universite Laval, offering interdisciplinary education that encompasses engineering, business, and ethics. Participants engage in industrial research projects, internships, and specialized training to tackle real-world challenges in collaborative robotics.
These government initiatives and funding opportunities are crucial in driving the growth of the collaborative robots market in North America.
Overview of the North America Collaborative Robots Market
The manufacturing sector in Canada is experiencing significant growth, particularly in the production of coal, metal, and oil products. Factors such as a declining Canadian dollar and access to affordable energy are contributing to this expansion. Meanwhile, Mexico's manufacturing industry is also thriving, bolstered by government efforts to attract foreign direct investment (FDI) and its advantageous location near the United States, which enhances its cost-competitiveness under NAFTA. The automotive sector in Mexico is undergoing a transformation, with major automobile manufacturers like Kia Motors, Mercedes-Benz, Nissan, Audi, and General Motors establishing new plants in the country.
The manufacturing industry is vital to the North American economy and workforce, driving the demand for highly efficient manufacturing tools, including collaborative robots. Key manufacturing sectors in the region include aerospace, automotive, and construction.
Market Segmentation Analysis
The North America collaborative robots market is segmented based on several criteria, including payload, application, type, end-user industry, functionality, and country.
Key Players in the Market
Several prominent companies are active in the North America collaborative robots market, including ABB Ltd, Agile Robot SE, Aubo (Beijing) Robotics Technology Co Ltd, Azenta, Inc., Bosch Rexroth AG, Comau SpA, Denso Corp, Doosan Robotics Inc, ESTUN AUTOMATION CO., LTD, Fanuc Corp, Kawasaki Heavy Industries Ltd, Kuka AG, OMRON Corp, Productive Robotics, LLC, Rethink Robotics GmbH, SIASUN Robot & Automation CO., LTD, Svaya Robotics Pvt. Ltd., Techman Robot Inc, Teradyne Inc, and Yaskawa America Inc. These companies are at the forefront of developing and deploying collaborative robotics solutions in various industries.