Lucintel's latest market report analyzed that mobile cobot provides attractive opportunities in the automotive, electronics & electrical, metals & machining, and food & beverage end use industries. The mobile cobot market is expected to reach $XX billion by 2028 with a CAGR of 25% to 27%. In this market, 3 to 5kg is the largest segment by weight capacity, whereas automotive is largest by end use industry.

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Based on weight capacity, the mobile cobot market is segmented into 1 to 3kg, 3 to 5kg, 5 to 10kg, and above 10kg. The 3 to 5kg segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to light weight, flexibility, and the ability of the machine to optimize the various low-weight collaborative processes, such as picking, placing, and testing.

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The Mobile Cobot Market is marked by the presence of several big and small players. Some of the prominent players offering mobile cobot include ABB, Aubo Robotics, Fanuc Corporation, Kawasaki Heavy Industries, KuKa, Precise Automation, Rethink Robotics, Robert Bosch, TECHMAN Robots, Universal Robots, Yasakawa Electric Corporation.

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