- In September 2024, ABB Robotics (ABB Group) introduced the Ultra Accuracy feature for its GoFa collaborative robot family, offering a remarkable 0.03 mm precision—over ten times greater than other cobots. This advancement caters to industries such as electronics, automotive, aerospace, and metal fabrication, where high precision is essential for product quality. The new feature meets the increasing demand for exact positioning in precision-critical applications
- In July 2024, KUKA unveiled the “LBR iisy,” a user-friendly collaborative robot designed for individuals without prior robotics experience. This innovative model focuses on simplicity, offering an easy setup process that allows quick unboxing and commissioning, even for users with minimal technical knowledge. The LBR iisy aims to make robotics more accessible to a broader audience
- In March 2024, at MODEX 2024, Schneider Electric introduced its new range of collaborative robots, including the Lexium RL 3 and RL 12 models, with the upcoming launch of the Lexium RL 18 later this year. These robots are built for high-speed motion and can manage up to 130 axes with a single processor, offering solutions to enhance production flexibility and sustainability for manufacturers. The new lineup aims to address key challenges in modern manufacturing environments
- In December 2020, ABB Ltd. launched "Wizard Easy Programming," a block-based interface designed to simplify the programming of its single-arm YuMi cobot. The company emphasized that this innovation makes the cobot more accessible to users with no programming experience, lowering the entry barriers. The goal is to streamline the setup process and enhance usability for a wider range of users
- In March 2020, Universal Robots launched UR+ application kits to simplify cobot deployment across businesses of all sizes. The kits aim to make automation more accessible and efficient, while at MODEX 2020, the company showcased innovative solutions that used cobots for challenging tasks such as palletizing and piece-picking. These solutions are designed to automate labor-intensive operations, improving productivity and addressing staffing challenges
Frequently Asked Questions
The market is segmented based on Segmentation, By Solution (Safety Light Curtain, Safety Laser Scanner, Camera Based 3D Space Monitoring System, and Safe Gripping), Component (Hardware and Software), Safety Method (Speed and Separation Monitoring, Power and Force Limiting, Safety-Rated Monitored Stop, and Hand Guiding), Payload Capacity ( Up to 5kg, 5Kg to 10Kg, and Above 10Kg), Application (Material Handling, Quality Inspection, Pick and Place/ Drop, Packaging and Pelletizing, Machine Tending, Molding Operations, Gluing and Welding, Test and Inspection, Assembly, Polishing, Lab Analysis, Entertainment, and Others), End-User (Electrical and Electronics, Furniture and Equipment, Automotive, Aerospace and Defence, Pharmaceuticals, Plastics and Polymers, Metals and Machining, Food and Beverages, Cosmetics, and Others) – Industry Trends and Forecast to 2032
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The Global Collaborative Robot Market size was valued at USD 59.28 USD Billion in 2024.
The Global Collaborative Robot Market is projected to grow at a CAGR of 43.48% during the forecast period of 2025 to 2032.
The major players operating in the market include ABB, AUBO Robotics, Fanuc, F&P Robotics, Universal Robots, Kawasaki Heavy Industries, Robert Bosch GmbH, Precise Automation & Control , Rethink Robotics GmbH, Stäubli International AG., MABI AG, YASKAWA ELECTRIC CORPORATION., KUKA AG, TECHMAN ROBOT , Doosan Robotics .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
