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Collaborative Robots Market is expected to reach US$ 8.81 billion by 2030

The collaborative robots market share is projected to grow from USD 1.15 billion in 2022 to USD 8.81 billion by 2030.

By The Insight Partners

Increasing Deployment of 3D Measurement Sensors in Autonomous Mobile Robots to Provide Opportunities for Collaborative Robots Market During 2023–2030

According to our latest market study on "Collaborative Robots Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Payload, Application, Type and End-User Industry," the market is expected to grow from US$ 1.15 billion in 2022 to US$ 8.81 billion by 2030; it is estimated to record a CAGR of 28.9% from 2022 to 2030.

Collaborative Robots Market 2023–2030

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPTE100000564

Mobile robots are integrated with 3D sensors, lighting units, and depth processing units to calculate depth. The technology makes it easy to evaluate distance. The rising need for real-time depth and visual information has surged the adoption of 3D measurement sensors in the logistics industry. Further, 3D sensing cameras can offer depth-sensing intelligence to automated guided vehicles and autonomous mobile robots in warehouse operations, which fuels the collaborative robots market growth. The 3D sensing camera helps perceive the surroundings and capture depth imaging data, which further helps accelerate business-critical functions with more accuracy, convenience, and speed. The camera also provides various functions such as localization, mapping, navigation, obstacle avoidance, object detection, and odometry. Thus, due to all the above factors, the demand for 3D measurement sensors is increasing in the logistics industry. Various market players are offering 3D measurement sensors due to their rising deployment in robotics, particularly for palletization and depalletization, as they help in dimension measurement. LMI Technologies INC. offers Gocator 2490 sensors, particularly for packing and logistics operations. The Gocator 2490 sensor can be mounted on the robotic arm to scan the loaded pallet. It also provides precise positional coordinates to lift the box and place it on the outbound conveyor accurately. Thus, the rising need for 3D measurement sensors in autonomous mobile robots for accurate logistic operation is expected to fuel the collaborative robots market growth during the forecast period.

Micro-Epsilon Messtechnik GmbH & Co KG, Infineon Technologies AG, Sony Semiconductor Solutions Corp, Cognex Corp, ifm Electronic GmbH, Intel Corp, LMI Technologies Inc, Keyence Corp, OMRON Corp, and Sick AG are among the key collaborative robots market players profiled during the report which provide traffic management software and traffic management solutions. Several other major collaborative robots market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The collaborative robots market report provides detailed market insights, which helps the key players strategize their growth.

The US is the second-largest e-commerce market in the world. According to the Census Bureau of the Department of Commerce, the US retail e-commerce sales for the first quarter of 2023 were US$ 272.6 billion, an increase of 3% compared to the fourth quarter of 2022. Due to the growing e-commerce industry in the country, the demand for warehouse and storage facilities is also increasing. According to Waredock Estonia LLC, the warehouse & storage industry in North America grew annually at the rate of 11.5% in 2021. Also, many local players rely on outsourcing the warehouse and distribution service from logistics players such as DHL, UPS, FedEx, and XPO Logistics. This rapidly rising demand for warehouse and storage facilities due to the growing e-commerce is pushing warehousing companies to automate their facilities, raising the demand for warehouse automation solutions such as robots, cobots, and 3D cameras, further fueling the collaborative robots market growth. In September 2021, Bergen Logistics, a global third-party logistics (3PL) company, claimed that it had automated one of its warehouses in New Jersey to increase productivity, ensure same-day delivery, and remain competitive in a market with a shortage of skilled labor. Hence, the company selected CAJA Robotics to provide software, robots, and workstations to optimize order fulfillment processes and warehouse operations. Thus, the growing automation of warehouses in the country is anticipated to fuel the collaborative robots market size during the forecast period.

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