Market Overview:
The global Mobile Cobots market size will account for USD 2,770.8 Million by the end of 2027 with a 25.9% CAGR.
The mobile cobots market is rising day by day because of the early age of adopting automation. The mobile cobots mean the mobile collaborative reports are growing swiftly and are undergoing several changes. Because of the multiple advancements in technology and the increase in the number of machinery, the market has a higher chance of growth. Some years back, manual labor was an important part of the industrial sector. The mobile collaborative robot technology includes the hardware, services, sensor, motor and end effector with a robotic arm and software. The demand for hardware components has been highlighted in the industry.
Robotics technology is the reason to fuel up the market in collaboration with the help of AI, HMI, and the Internet of Things. Due to the covid 19 pandemic, the market has gone through certain problems. People worldwide rely on technology for knowledge and other resources like distance learning and WFH. The technology, media, and telecommunications industries are something that fuels up the market. There are so many factors that fuel up the market growth, which includes increasing investment in automation and other improving human-machine interfaces.
The increasing investment in automation by various industries also affects the adoption of high-end strategies. The market report includes market drivers, market restraints, covid 19 guidelines, opportunities etc. This mobile cobot allows the robots and people to work more conveniently by connecting with each other. Due to the rapid advancement in technology, the market has expected sustainable growth in the future.
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Competitive Analysis
During the study, MRFR has analyzed the major players that contributed a significant share to the growth of the global Mobile Cobots market. These include OSIZ Technologies private ltd, Telstra, Comcast, Blockchain App Factory (S A Eonsofttech Pvt Ltd), Teksun, SoluLab, TokyoTechie, Mobiloitte, Tata Consultancy Services Limited, Xage Security, Inc., Protokol BV, and Aciana Health Systems.
Market Segmentation
The Mobile Cobots Market has been segmented based on Application, Weight Capacity, and End User. The mobile cobots market has been divided into 1 to 3kg, 3 to 5kg, and 5 to 10kg on the basis of weight. Among all of them, 10kg will dominate the market in 2020.
The Mobile Cobots market has been segmented into Conveyor Brands/ Belts, Automated Pallet Forks, Robotic Arms, Shelf Units, and Safety Units. On the basis of End Users, the Mobile Cobots market has been segmented into Agriculture, Aerospace, Automotive, Electronics & Semiconductor, Construction, Healthcare, Food & Beverage, Retail & Logistics. Among all of them, the healthcare and IT sector are booming with the largest share.
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Regional Analysis
The Mobile Robots market is categorized into Europe, North America, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific accounted for the largest market share among all the regions. There is an expected CAGR growth of 45.5% in 161.5 Million. Europe was the second-largest market that holds the second topmost shareholder. These regions are experiencing the highest growth due to the existing infrastructure, key players' strategic steps, and other opportunities. Asia-Pacific is an emerging and leading market for robotics technology, followed by Japan, India, China, Australia, and South Korea.
