The U.S. collaborative robots market surpassed USD 169.66 million in 2022 and is expected to reach around USD 2,328.13 million by 2032, growing at a CAGR of 29.94% from 2023 to 2032.
Report Scope of the U.S. Collaborative Robots Market
|Market Size in 2022
|USD 169.66 million
|Revenue Forecast by 2032
|USD 2,328.13 million
|Growth rate from 2023 to 2032
|CAGR of 29.94%
|2023 to 2032
|Market Analysis (Terms Used)
|Value (US$ Million/Billion) or (Volume/Units)
|ABB Group; DENSO Corporation; Epson America Inc.; AUBO (BEIJING) Robotics Technology Co., Ltd; Comau S.p.A; Energid Technologies Corporation; Fanuc Corporation; KUKA AG; Rethink Robotics GmbH; Robert Bosch GmbH; Techman Robot Inc.; Universal Robots A/S; Yaskawa Electric Corporation; Precise Automation, Inc.; MRK-SystemS GmbH
The collaborative robot market in the U.S. has been experiencing strong growth in the forecast period. The growth is expected to continue due to the increasing demand for automation and flexibility in manufacturing processes, advancements in collaborative robot technology, and the need for safer working conditions for employees.
Collaborative robots, also known as cobots, are designed to work alongside human workers, assisting with tasks that require speed, precision, and accuracy while also improving overall productivity and efficiency in the workplace. Companies are incorporating cobots into their operations in parallel with the development of low-cost, simplistic robotic technology. As this technology is becoming more widely available and accessible, it will be broadly used across a wide range of industries.
A collaborative robot is equipped with advanced sensors and vision systems that allow them to detect and respond to the presence of human workers in real time. These systems ensure that the robots can collaborate safely with humans without causing harm or injuries. These robots are equipped with machine learning and AI capabilities, which enable them to adapt to changing environments and learn from their interactions with humans.
This allows them to perform a broader range of tasks more efficiently and accurately. Mobile collaborative robots are becoming more common, allowing them to move around and perform tasks in different parts of the factory or warehouses. These robots have advanced navigation and obstacle avoidance systems that allow them to operate safely and efficiently in dynamic environments.
Cloud connectivity is an important technological advancement in the market; it enables the robot to connect with the internet and access cloud-based services and applications such as analytics, machine learning, and artificial intelligence. This connectivity allows manufacturers to collect and analyze data from their robots which can be used to optimize production processes, improve quality control, and reduce downtime.
Cloud connectivity enables cobots to communicate with other robots and systems across the factory or warehouse, creating a more interconnected and efficient production environment. For example, robots can share data on their status and location, enabling them to work together more effectively and reducing the risk of collisions and accidents.
It also allows manufacturers to monitor and control their cobots remotely. This can be particularly useful for companies with multiple sites or facilities, enabling them to manage their robots from a central location. Remote monitoring also enables companies to quickly identify and diagnose problems with their robots, reducing downtime and improving productivity.
The market is competitive with many players vying for market share. The companies have a unique market strategy, which helps them differentiate themselves from their competitors. Few companies offer a wide range of industrial robots, including collaborative robots. They strongly focus on innovation and invest heavily in R&D. Alongside companies also focus strongly on quality and reliability. They have a global distribution network, a wide range of cobots, and expertise in providing automation solutions for different industries.
Payload Capacity Insights
The above 10kg segment is expected to witness a CAGR of nearly 32.02% over the forecast period. This growth is attributed to their ability to perform heavy tasks with reliability and precision. Cobots with payload capacity above 10kg efficiently perform heavy-weight processes by saving production times and being effective at tasks across a larger area. The increased adoption of cobots for various applications such as material assembly, testing, packaging & palletizing, machine testing, medical equipment processing, and heavy-duty pick-up and place operations is anticipated to provide numerous growth opportunities for cobots payload capacity above 10kg in the U.S.
The up to 5kg segment is expected to grow at a CAGR of approximately 29.1% from 2023 to 2032. The growth is attributed to their ability to offer flexibility, be lightweight, and work side-by-side with manufacturing unit employees. Furthermore, they are built for applications such as soldering, assembly, screwing, gluing, operating hand tools, painting, molding, polishing, laboratory work, and much more. The ability to perform a variety of tasks along with better consistency and accuracy are the factors projected to boost the growth of cobots with a payload capacity of up to 5kg in the U.S.
The gluing & welding are anticipated to witness a CAGR of more than 31.04% from 2023 to 2032. The numerous benefits offered by cobots, such as reduced waste, increased consistency, quality, and output product, gain attention from the customers. Collaborative robots help to maintain products uniformly while manufacturing as they move at a consistent speed and are accurate to within a fraction of a millimeter. Furthermore, cobots can perform PCB soldering processes. The ability of cobots helps to maintain consistent output quality and improves productivity resulting in increased growth opportunities for collaborative robots for gluing & welding applications.
The packaging segment is projected to grow at a significant CAGR over the forecast period. The demand for cobots for packaging applications is increasing with the rising number of online deliveries. Packaging cobots are ideal for placing products or objects in cases, trays, or other lightweight operations. Cobots help marketers to meet strict packing standards and get less error-prone and effective solutions while meeting the demand for repetitive work and avoiding employee injuries by providing them with the assistance of collaborative robots.
The automotive industry is expected to witness the highest CAGR of approximately 31.08% over the forecast period. The rising focus of automotive players on strategic partnerships with industrial robot manufacturers to improve operational efficiency and gain maximum profits has resulted in the increased adoption of cobots. The market is expected to witness substantial development with the introduction of new metals and chemicals that provide cost-efficiency and weight reduction, and low-manufacturing overheads in automobile manufacturing. The growing shift toward automation to save time and cost is a key factor spurring the adoption of robotic materials handling equipment in the automotive industry.
The furniture & equipment industry accounted for the highest market share in 2022 and is projected to continue its dominance over the forecast period. Collaborative robots are used in metal and machinery to improve productivity and overcome labor shortages. Furthermore, implementing cobots helps reduce employee injury risks and increase the precision for performing complex tasks. The robots in the furniture and equipment industry help in delivering impressive levels of precision and consistency, reducing the error margin, and resulting in increased growth of the U.S. collaborative robots market.
U.S. Collaborative Robots Market Segmentations:
By Payload Capacity