Report Description

The India collaborative robot market is anticipated to develop rapidly in the forecast period, 2023-2028. The main factors driving the market for collaborative robots are the development of various applications for the assembly and production of electronic goods, new automotive processes, and various modeling operations used in small and medium-sized manufacturing companies. Cobots, also called collaborative robots, can develop a wide range of tasks to assist people. Moreover, built-in sensors, passive compliance, and overcurrent detection are some of the safety features that collaborative robots have. Collaborative robotics have had a substantial growth over the last ten years.

Robotics is growing in the Indian market and has recognized in the tech market. However, India is a slow but emerging robotics industry as various educational institutions, and robotics companies have in progress competitions and workshops for students and professionals on Indian robots. Glocalization has made it likely for robots made in India to get promoted in the foreign markets and yield higher revenue for the country and have an technology such as AI and IoT to generate smart functionalities. According to International Federation of Robotics, the county comes under top 15 highest number of recorded robot installations in 2020 with 4.9 million robots deployed. The country is witnessing a growing demand for robots for speed, safety, scale, and success in automotive, ecommerce, electronics, and defense sectors.

Increase in applications for manufacturing across the region

Cobots, or collaborative robots, are a new robotics paradigm in which robots and humans collaborate on the same projects, and they represent a significant advancement in robotics with enormous potential for many industries, including manufacturing. Artificial intelligence, machine learning, neural networks, and sensors that detect force, torque, and vision have all improved.

In 2022, Nokia Corporation formed partnership with IISc to set up the Nokia Centre of Excellence in Network Robotics at IISc Bangalore to promote robotics and advanced communications technologies in 5G and Artificial Intelligence. Under the partnership, it would strengthen  the design of advanced robotics, AI, and automation solutions.


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Faster ROI and low-cost deployment

Collaborative robots have been scientifically proven more cost-effective than their industrial counterparts, primarily due to their ability to automate more tasks per robot and significant productivity boost. Moreover, the ease of creating a collaborative robot reduces the time and resources required for integration, lowering the automation investment. Collaborative robots include safety features and do not require fences or other industrial safety equipment, thus, reducing costs while shortening integration time. When compared to industrial robots, the low cost of deploying a collaborative robot makes it far more accessible to a broader customer base.

Increase in automation in the various verticals across the region

There is a continuous increase in automation across various verticals in India. Several large-scale and small-scale industries have made automation a key component of their cost-cutting and production-efficiency strategies. The use of collaborative robots is growing as more and more businesses are shifting toward automation. Collaborative robots are used in various industries, such as automotive, furniture & equipment, and metals & machining, for assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and other applications. Collaborative robot adoption is increasing because of the rapidly changing human-machine interface (HMI), which is made possible by introducing touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT.

High requirement for skilled workforce

Manufacturers have found it more difficult to hire employees to fill specialized tasks in their factories over the last decade. The presence of automation complicates matters further, as the robots require programming and knowledge of how to operate. This gives existing employees more opportunities to be trained and expand their skill set. An automation company can assist with the initial installation and setup. Staff can learn new skills and adapt to managing robots with the right training and experience. As a result, the need for a highly skilled team and workforce may stymie the market growth of collaborative robots.

Market Segmentation

The India Collaborative Robot market is divided into Payload Capacity, Application, and Industry. Based on payload capacity, the market is divided into up to 5 Kg, between 5 and 10 Kg, and above 10 Kg. On the basis of application, the market is divided into assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and others. On the basis of industry, the market is further split into automotive, furniture & equipment, and metals & machining.

The demand for automation in manufacturing is driving the market for collaborative robots and is expected to register a rapid CAGR during the forecast period.

Market Players

Some of the leading players in the Indian Collaborative Robots Market are, ABB AB, Addverb Technologies, KUKA Robotics, Robert Bosch GmbH, GreyOrange, Sastra Robotics India Private Limited, Precise Automation, Inc., Lockheed Martin India Private Limited, Techasoft Private Limited, and DiFACTO Robotics, and many more.

 

Key developments and initiatives by government and companies

 

  • In India, Tata Consultancy Services and National Robotarium, a research and development center at Heriot-Watt University, Scotland, formed a partnership to elevate early-stage Artificial Intelligence and robotics product development, including soft robotics, field robotics bots and teleoperations. Furthermore, Nokia corporation formed partnership with IISc to set up the Nokia Centre of Excellence in Network Robotics at IISc Bangalore to promote robotics and advanced communications technologies in 5G and Artificial Intelligence. Thiruvananthapuram-based robotics startup Genrobotics formed partnership with the Kerala government to install a spider-shaped robot named Bandicoot to clean sewers and manholes in Thiruvananthapuram.
  • In 2019, Universal Robots partnered with Bharat Fritz Werner, India. This collaboration assists Universal Robots in redefining production processes through introducing its robotic arms.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2023 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Payload Capacity

Application

Industry

Country

Country scope

North India, South India, East India, West India

Key companies profiled

ABB AB, Addverb Technologies, KUKA Robotics, Robert Bosch GmbH, GreyOrange, Sastra Robotics India Private Limited, Precise Automation, Inc., Lockheed Martin India Private Limited, Techasoft Private Limited, and DiFACTO Robotics

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the India Collaborative robot market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

·         India Collaborative Robot Market, By Payload Capacity:

o   Up to 5 Kg

o   Between 5 and 10 Kg

o   Above 10g

·         India Collaborative Robot Market, By Application:

o   Assembly

o   Pick & Place

o   Machine Tending

o   Quality Testing

o   Material Handling

o   Packaging & Palletizing

o   Gluing & Welding

o   Others

·         India Collaborative Robot Market, By Industry:

o   Automotive

o   Electronics

o   Metals & Machining

o   Plastics & Polymers

o   Food & Beverages

o   Healthcare

o   Furniture & Equipment

o   Others

·         India Collaborative robot Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Collaborative Robot market.

Available Customizations:

With the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

India Collaborative robot market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on the India Collaborative Robot Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Types of Security Breaches can occur

5.6.  Key attacks on robots

5.7.  Impacts on human by Robot

6.    India Collaborative Robot Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg, and Above 10 Kg)

6.2.2.    By Application (Assembly, Pick & Place, Machine Tending, and Others)

6.2.3.    By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, and Others)

6.2.4.    By Country

6.2.5.    By Company

6.3.  Market Map

6.4.  Industry Value Chain Analysis

6.5.  Regulatory and Standardizations Related to Collaborative Robot​

6.6.  Innovations in technology Related to Collaborative Robot   ​

6.7.  Porter's Five Forces Analysis

6.7.1.    The threat of New Entrants

6.7.2.    Bargaining Power of Buyers/Consumers

6.7.3.    Bargaining Power of Suppliers

6.7.4.    The threat of Substitute Products

6.7.5.    The intensity of Competitive Rivalry

7.    North India Collaborative Robot Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Payload Capacity

7.2.2.    By Application

7.2.3.    By Industry

7.2.4.    By Country

8.    South India Collaborative Robot Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Payload Capacity

8.2.2.    By Application

8.2.3.    By Industry

8.2.4.    By Country

9.    East India Collaborative Robot Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Payload Capacity

9.2.2.    By Application

9.2.3.    By Industry

9.2.4.    By Country

10. West India Collaborative Robot Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Payload Capacity

10.2.2. By Application

10.2.3. By Industry

10.2.4. By Country

11. Market Dynamics

11.1.             Drivers

11.1.1. Increasing Competition within the Collaborative Robot Marketspace

11.1.2. Faster ROI and low-cost deployment

11.1.3. Increased ease of programming

11.2.             Challenges

11.2.1. High standards and regulations

11.2.2. Lack of trained staff for operating robots

12. Market Trends & Developments

12.1.             Trends and Developments

12.1.1. Increase in automation in the various verticals across the globe

12.1.2. Positive impact on collaborative robots due to covid-19

12.1.3. Adoption of Robot-as-a-service model

12.1.4. Development of various innovations and technologies such as embedded vision, A.I., and ML, and many such

12.1.5. Increase in applications for manufacturing across the world

13. Company Profiles

13.1.             ABB AB

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (if available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.1.6. SWOT Analysis

13.2.             Addverb Technologies

13.2.1. Business Overview

13.2.2. Key Revenue and Financials (if available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.2.6. SWOT Analysis

13.3.             DiFACTO Robotics

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (if available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.3.6. SWOT Analysis

13.4.             KUKA Robotics

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (if available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.4.6. SWOT Analysis

13.5.             Robert Bosch GmbH

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (if available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.5.6. SWOT Analysis

13.6.             GreyOrange

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (if available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.6.6. SWOT Analysis

13.7.             Sastra Robotics India Private Limited

13.7.1. Business Overview

13.7.2. Key Revenue and Financials (if available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.7.6. SWOT Analysis

13.8.             Lockheed Martin India Private Limited

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (if available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.8.6. SWOT Analysis

13.9.             Precise Automation, Inc

13.9.1. Business Overview

13.9.2. Key Revenue and Financials (if available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.9.6. SWOT Analysis

13.10.          Techasoft Private Limited

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials (if available)

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Services

13.10.6.              SWOT Analysis

14. Strategic Recommendations

14.1.             Focus on emerging technologies and development

14.2.             Focus on new product developments

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The major market players in the India Collaborative Robot Market are ABB AB, Addverb Technologies, KUKA Robotics, Robert Bosch GmbH, GreyOrange, Sastra Robotics India Private Limited, Precise Automation, Inc., Lockheed Martin India Private Limited, Techasoft Private Limited, and DiFACTO Robotics. The companies are actively investing in the research and development of the collaborative robot.

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There are several collaborative robot applications across all industries. These include assembly, dispensing, finishing, machine tending, material handling, welding, material removal, quality inspections, and more.

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The significant advantage of using Collaborative Robots is they help increase the productivity, efficiency, quality, and consistency of products. Collaborative robots operating in hazardous environments can minimize substantial waste and eliminate the need for humans to put themselves at unnecessary risk.

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Stringent regulations is a significant challenge for the Collaborative Robot Market.

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Sakshi Bajaal

Business Consultant
Press Release

India Collaborative Robots Market to Register a High CAGR during the Forecast Period

Feb, 2023

Increase in government initiatives and support is a significant factor driving the growth of the India Collaborative Robots market during the forecast period of 2024-2028.