Mobile Cobots Component Suppliers - Ken Research

1. Mobile Cobots Market Size Is Expected To Record A Positive CAGR Of ~ 20% During The Forecast Period (2022-2028) – Ken Research Buy Now 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. For more information, request a free sample Report @ https://www.kenresearch.com/business-research/global-mobile-cobots-market-outlook- 2028/ Key Growth Drivers

2. 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. 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.

3. 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: The electrical & 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

4. automobile industry with 72,600 installations and the metal and machinery industry with 36,400 installations. By Geography: The Asia 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

5. 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

6. 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. Ken Research has recently published report titled “Global Mobile Cobots Market Size, Segments, Outlook, and Revenue Forecast 2022-2028” Market Taxonomy  Hardware  Software  Services  Material Handling  Soldering & Welding  Assembling & Disassembling  Milling, Cutting & Processing  Picking and Placing  Palletizing and De-palletizing  Painting and Dispensing  Machine tending  Others  <5 kg  5-10 kg  >10 kg  Automotive  Plastics & Chemical  Electrical & Electronics  Food & Beverages  Healthcare & Pharmaceuticals  Aerospace  Agriculture  Retail & Logistics  Others By Component By Application By Payload Capacity By End User

7.  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)  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 By Region Key Players For more information on the research report, refer to the below link: Global Mobile Robots Market Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube