North America Collaborative Robot Market, By Component (Hardware, Software), Solution (Safety light Curtain, Safety Laser Scanner, Camera Based 3D Space Monitoring System, Safe Gripping), Safety Method (Speed and Separation Monitoring, Power and Force Limiting, Safety-Rated Monitored Stop, Hand Guiding), Payload Capacity ( Up to 5kg, 5kg to 10kg, 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 Defense, Pharmaceuticals, Plastics and Polymers, Metals and Machining, Food and Beverages, Cosmetics, and Others), Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2028.
Market Analysis and Insights : North America Collaborative Robot Market
The collaborative robot market is expected to witness market growth at a rate of 19.2% in the forecast period of 2021 to 2028. Data Bridge Market Research report on collaborative robot market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the investments for automation in the manufacturing processes across the globe is escalating the growth of collaborative robot market.
Collaborative robot is basically a type of robot which has the capability to perform multiple tasks that are assisted by the humans. Generally, the collaborative robots have additional features, such as hand guiding, speed and separation monitoring, safety monitored stop and power and force limiting. They are used in multiple verticals, which include supply chain management, manufacturing, and healthcare.
Major factors that are expected to boost the growth of the collaborative robot market in the forecast period are the increased ease of programming of collaborative robots. Furthermore, rising software packages to provide important value addition to the collaborative robot ecosystem, rising higher return on investment (ROI) and lower price of collaborative robots along with surging collaborative robots paired with AMRs and AGVs and rising robots-as-a-service model. On the other hand, rising collaborative robots have a different business model than that of traditional industrial robots is projected to impede the growth of the collaborative robot market in the timeline period.
In addition to this, rising research and development environments for the use of robots possessing embedded torque and force sensing technologies will further provide potential opportunities for the growth of the collaborative robot market in the coming years. However, the requirement for adherence to the prescribed safety standards by industrial operations and the dearth of a skilled workforce might further challenge the growth of the collaborative robot market in the near future.
This collaborative robot market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on collaborative robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Collaborative Robot Market Scope and Market Size
The collaborative robot market is segmented on the basis of component, solution, safety method, payload capacity, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the market is segmented into hardware and software.
- On the basis of solution, the market is segmented into safety light curtain, safety laser scanner, camera based 3D space monitoring system, and safe gripping.
- On the basis of safety method, the market is segmented into speed and separation monitoring, power and force limiting, safety-rated monitored stop, and hand guiding.
- On the basis of payload capacity, the market is segregated into up to 5kg, 5Kg to 10Kg, and above 15Kg.
- On the basis of application, the market is segmented into 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.
- On the basis of end user, the market is bifurcated into electrical and electronics, furniture and equipment, automotive, aerospace and defense, pharmaceuticals, plastics and polymers, metals and machining, food and beverages, cosmetics, and others.
North America Collaborative Robot Market Country Level Analysis
The collaborative robot market is analyzed and market size, volume information is provided by component, solution, safety method, payload capacity, application and end user as referenced above.
The countries covered in the collaborative robot market report are U.S., Canada, and Mexico in North America.
U.S. dominates the collaborative robot market due to the adoption of these collaborative robots across numerous industries.
The country section of the collaborative robot market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Collaborative Robot Market Share Analysis
The collaborative robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to collaborative robot market.
The major players covered in the collaborative robot market report are ABB, Universal Robots, Nachi Robotic Systems, Inc, Rethink Robotics GmbH, Shenzhen Han's Robot Co., Ltd , FANUC Corporation, Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd, Precise Automation., MRK-Systeme Gmbh, Energid Technologies Corporation, F&P Robotics AG, Productive Robotics, Inc., MABI ROBOTIC AG, Quanta Computer Inc., Franka Emika GmbH, AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD, TECHMAN ROBOT INC, Stäubli International AG, YASKAWA ELECTRIC CORPORATION, Comau, Teradyne Inc., Kassow Robots ApS, Vecna Technologies, Inc. among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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