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Ash Sharma

Ash has spent more than 15 years in technology research on several sectors, including industrial automation and smart manufacturing, smart home, solar power and energy storage, drones and robotics, medical technology and building automation. Ash is Research Director for our commercial drone & robotics research, amongst other topics. Read more

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Collaborative Robot Market

The Collaborative Robot Market – 2018 report is a study on the current and future demand for collaborative robot arms.

Benefiting from a desire for ever-increasing automation in industry, the collaborative robot market has seen a recent spike in popularity. Further tied to the rising cost and lack of labor needed to complete menial and monotonous tasks, it is easy to foresee why cobots could become a relevant addition to the future workforce. But is this hype, or will cobots become a common-sight next to human workers? And how will they complement or affect the traditional industrial robot market?

The novelty of the collaborative robot market plays a part in the absence of accurate market data available. This report provides current and accurate market information, incorporating revenue and unit data on a regional and industry level.

Discussions of the key trends impacting the collaborative robot market are included, based on the analysis of 30+ hours of primary interviews with key industry stakeholders.

Key Findings From the Collaborative Robot Market Report

  • Universal Robots was the largest supplier of cobots in 2017, commanding nearly a 50 percent share of global revenues. The Danish company has done an impressive job of cornering this market, by offering easy-to-integrate cobots with simple programming. However, as we highlighted in this earlier insight, the company faces many new challengers.
  • The cobot industry was worth less than $400m last year but is set to grow to nearly $600m in 2018. Furthermore, growth is forecast to accelerate due to the wider availability of collaborative robots from mainstream industrial robot vendors, the greater awareness at SMEs, and the wider adoption by major OEMs. By 2027, we forecast that revenues will reach $7.5bn and account for 29 percent of the industrial robot market.
  • The types of industry and applications adopting collaborative robots has been equally diverse. This is likely to continue; however, we predict that this will evolve in a similar way to industrial robots, with electronics and automotive being the two largest vertical applications.
  • Pick & place, assembly and material handling processes are forecast to be the biggest uses of collaborative robots. These three functions will account for 75% of all collaborative robot revenues in the next five years.
  • Whilst ~5kg payloads has been the sweet spot for collaborative robots, several products have been launched above and below this weight category. A number of products are targeted at pick and place and assembly applications below 1kg, which can undertake repetitive tasks extremely efficiently.

Deliverables in Collaborative Robot Market Report

80 page PDF Report + 17 forecast and market share tables presented in Excel.

To speak to the report analyst about this topic or to obtain pricing information, please contact us at: info@interactanalysis.com

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Posted by Ash Sharma

Ash has spent more than 15 years in technology research on several sectors, including industrial automation and smart manufacturing, smart home, solar power and energy storage, drones and robotics, medical technology and building automation. Ash is Research Director for our commercial drone & robotics research, amongst other topics. Read more