Collaborative Robots On the Rise For the Automotive and Material-Handling Industries Discuss IDTechEx

Why Are Cobots Becoming Increasingly Popular in the Automotive Industry?

BOSTON, Feb. 24, 2023 /PRNewswire/ -- As a pioneer in adopting traditional industrial robots, the automotive manufacturing industry has significantly improved its productivity and efficiency. Although traditional industrial robots have presented significant benefits, one of the fundamental challenges is their high downtime costs. Industrial robots are dangerous and need to be physically separated from human operators. The physical separation means that if a robot malfunctions, human operators must shut all the machines at a production line before entering the robot's working space. This could be problematic as each step of the production is closely linked with the following steps, and stopping the production line will lead to low efficiency and a halt of the following actions or manufacturing. Based on IDTechEx's calculation, an automotive manufacturer's downtime cost per hour could be more than US$2 million per factory. Meanwhile, the downtime cost will also lead to a longer delivery time, thereby compromising the company's reputation.

In order to mitigate this issue, many car makers have started to adopt cobots. Cobots are smaller, slower, more flexible, and more lightweight, enabling a safe side-by-side operation with human operators. Most importantly, as there is no physical separation between cobots and human operators, the malfunction of one step in the production line does not affect the regular operation of the rest of the production, minimizing downtime costs.

In addition to the financial benefits, IDTechEx has seen a few emerging regulations and advocacies aiming to bring humans back to factories. Many countries, organizations, and automotive manufacturers have proposed their plans. For instance, Audi proposed 'Automotive Initiative 2025' to achieve an intelligent factory and enhance human-robot interaction (HRI), and the European Commission (EU) proposed 'Industry 5.0', which also emphasizes HRI.

Similar to the trend of industrial robotic arms in the automotive industry, IDTechEx believes that the automotive industry will also be the main target for cobots. At this stage, the adoption of cobots remains relatively low; however, IDTechEx has seen significant growth over the past few years. IDTechEx believes that the market of cobots in the automotive manufacturing industry will have a 130-fold increase in revenue over the upcoming 20 years. IDTechEx believes that with the regulations and financial benefits, there will be a significant number of opportunities (e.g., car assembly, surface polishing, and inspection) for cobots used in the automotive industry. More details about the market size of different tasks of cobots in the automotive industry can be found in IDTechEx's latest report, "Collaborative Robots (Cobots) 2023-2043: Technologies, Players & Markets".

Cobots in Material Handling?

Aside from the automotive industry, material handling, such as packaging, picking and placing, and palletizing, also presents a significant market for collaborative robots.

Packaging industry – One of the pain points of the packaging industry is the increasing labor cost. In 21^st-century manufacturing, customers are looking for differentiation from the products. The growing demand for uniqueness and the increasing trend of high mix low volume (HMLV) manufacturing make packaging more challenging than ever. Compared with traditional robots, cobots have more flexibility, enabling them to handle products with high mix better.

Palletizing – another popular application for cobots is palletizing. Palletizing happens in almost all industries. As a basic task, palletizing provides an ideal use case for cobots. Palletizing has traditionally been labor-intensive and time-consuming. With the aid of cobots, companies can reduce the number of employees and increase their efficiency as cobots can work 24/7. Palletizing with the aid of robots can be used in various industries ranging from the food and beverage industry to logistics and many others. Since palletizing is a basic task in almost all industries, IDTechEx believes that the cobot has a large market size in terms of this application. IDTechEx's recent report "Collaborative Robots (Cobots) 2023-2043: Technologies, Players & Markets" forecasts that the market size of cobots for palletizing will have a 159-fold increase for the upcoming 20 years.

To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/cobots.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.

Images Download: 
https://www.dropbox.com/scl/fo/ax20icfwcfe9545iw1di2/h?dl=0&rlkey=9blufil9of5kyfi92um85og6b

Media Contact:

Lucy Rogers 
Sales and Marketing Administrator  
[email protected]  
+44(0)1223 812300

Social Media Links:

Twitter: www.twitter.com/IDTechEx  
LinkedIn: www.linkedin.com/company/IDTechEx  
Facebook: www.facebook.com/IDTechExResearch

Photo: https://mma.prnewswire.com/media/2009454/IDTechEx_Robots.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg

SOURCE IDTechEx