In the industrial automation sector, robots are playing a crucial role. In terms of completing the complicated, repetitive tasks with accuracy. Robots can easily dive into the hazardous environment or even cover the unconventional areas to work. So, what are collaborative robots?
The global collaborative robot market is valued at USD 668.3 million in 2020. In 2026, the market is expected to reach USD 1,876.8 million. A CAGR of 18.37% is expected from 2021 to 2026.
As per UiPath, 88% of the organization believe automation accelerates human achievement. Also, the way cost of the cobots is declining with a high ROI impacting the market strongly.
The Collaborative robots or the cobots are segmented into Payload (Less than 5Kg, 5-9Kg, 10-20 kg, or more than 20kg), End-user Industry (Electronics, Automotive, Manufacturing, Food and Beverage, Chemicals, and Pharmaceutical), Applications such as Material Handling, Pick and Place, Assembly, Palletizing, De-palletizing.
As per Statista, the number of Cobots installed in 2020 is 22,000 and has been coined as one of the fastest-growing segments in the robotics market. They have found their place in small to mid-size business companies. The cobots have been the latest technology to be an expensive asset to compete with the larger corporations.
In 1996, the first cobot was invented by J.Edward Colgate and Michael Peshkin. Cobot was defined by them as “a device and method for direct physical interaction between a person and a computer-controller manipulator”. Kuka launched its first cobot in 2004, the LBR 3. Universal Robots released its first cobot in 2008, the UR5, in 2012 UR10 was released, and then UR3 in 2015.
The pioneered country with the highest adoption of robotics is the North America region. The market is growing due to the increased adoption of collaborative robots across various industries.
One of the big advantages of cobots is handling boring or monotonous work with accuracy such as tightening screwing or packing boxes. It may rise problems with the low-wage people, however, for a company to sustain itself in such a tough competitive world, definitely needs the end product to be precise.
Even in the pandemic times, disinfection of the hospitals or big hotels, smart complexes witnessed the support by the robots as well as maintaining the fewer people in the crowded place. The health industry also saw the major adoption of robotic surgery in the United States and a major demand in the health care sector.
Examples in the health sector, at Shenzhen Third People’s Hospital in China, Aimbot, a cobot was used in the hallway to enforce face-mask and social-distance rules and also disinfect the areas.
At Fortis Hospital in Bangalore, Mitra, cobot used a thermal camera for preliminary screening of patients to contain the COVID-19 spread.
The flexibility, and easy program with constant use to assist the human work shows the demand for the cobot is on the rise and the market will be growing for more advancements.
Source:- Mordor Intelligence