The global collaborative robots market is expected to grow at a CAGR of 60.04% between 2016 and 2022 from $110 Million in 2015 and is expected to reach $3.3 Billion by 2022.
The collaborative robots market is application driven; the application in the automotive sector accounted for the largest share in 2015
The global collaborative robots market is driven by application in industries such as automotive, metal and machining, furniture and equipment, food and beverages, plastic and polymers, and others.
Collaborative robots used in the automotive sector accounted for the largest share of the global collaborative robots market in 2015; this market is expected to grow at a significant rate between 2016 and 2022.
In developed regions, such as North America and Europe, growth in the collaborative robots market in the automotive sector is expected to be driven by rise in safety rated manufacturing and the growing trend of precision which were not possible due to the common human errors.
Collaborative robots are used in the furniture and equipment industry and this market is expected to witness rapid growth during the forecast period.
An acceptance and installation rate of collaborative robots in furniture and equipment industry is increasing and is expected to continue to grow rapidly during the forecast period. This growth is expected to be significant in RoW region for new fleet of applications.
Asia-Pacific is expected to hold a large share of the collaborative robots market by 2022.
Europe was the largest market in 2015, followed by Asia-Pacific and North America. Regulations have driven the market for collaborative robots to reduce the need for safety fences between human and robots and mitigate the effects of imminent collisions (accidents).
Europe was the early adopter which has resulted in a large market for collaborative robots in 2015.
The collaborative robots market in Asia-Pacific is expected to surpass that of Europe by 2018 and hold a large market share through 2022.
The major companies in the global collaborative robots market are:
ABB Ltd. (Switzerland)
KUKA AG (Germany)
FANUC Corporation (Japan)
Robert Bosch GmbH (Germany)
Universal Robots (Denmark)
Rethink Robotics (U.S.)
Energid Technologies (U.S.).
MRK-Systeme GmbH (Germany).
“Everything is about time. You’re lead timed, your speed to market, and that’s the leveling wind in our industry. Short run manufacturing means that you’re going to have a fairly high touch model. We were really looking to increase productivity and improve our delivery in our service and our quality, mainly from a standpoint of error-proofing, because there’s a number of things that have to be done 100% correctly,” explained Ron Kirscht, President of Donnelly Custom Manufacturing. “But, if that’s what your job is and you’re doing it as a person, it becomes a little mundane, and that’s when people can become inattentive.”
Baxter collaborative robots are on the job at Donnelly’s plant in Alexandria, MN, taking on those time consuming, repetitive tasks where there’s no room for errors. This includes removing parts from a conveyor belt and stacking each one on customized stacking devices. By automating these jobs with robotics, Donnelly employees are assigned to more valuable work.
Kirscht added, “Baxter has some qualities that he brings to Donnelly that creates excitement, innovation and enthusiasm, allowing people to come up with ideas in ways for utilizing Baxter. I think that the Baxter robot is a game changer in modern manufacturing, because it really creates an opportunity for people on the manufacturing floor to innovate. It spawns creativity.”