Industry has perhaps played the biggest role in allowing humans to enjoy modern comforts. Without manufacturing, how would people be able to drive cars, watch TV, chat on their smartphone, or even enjoy processed food?! However, with the global population growing rapidly, catering to their requirements has not been easy. One of the technologies that have made mass production in the contemporary world easier is robotics.

Today, most of the high-tech factories employ a variety of robots for pick-and-place, welding, painting, assembling, and many other tasks. P&S Intelligence says that due to the rampant industrialization and with companies’ efforts to increase their manufacturing output further, the mobile collaborative robots market value, which was $543.3 million in 2019, will rise to over $6,800.0 million in 2030, at a high 26.3% CAGR between 2020 and 2030.

Also called cobots, these robots are able to move autonomously across the factory floor, thereby increasing the operational efficiency and reducing the requirement for human controllers. In addition, with the Industry 4.0 revolution and government industrialization initiatives, such as the Made in China and Make in India missions, the demand for automated and smart factories has risen.

The increasing complexity of the products to be manufactured and of the production process itself and the rising costs of hiring human laborers are also encouraging companies to employ robots. Stationary robots have already been widely used in the automotive and semiconductor sectors, and with the surging degree of automation, mobile cobots are also being used.

The automotive industry is already the largest user of mobile cobots due to the burgeoning demand for automobiles, which is forcing companies to drastically increase their production. Moreover, robots can keep the product quality consistent, which has become a key aspect on which automakers market their vehicles, especially cars, now.

Similarly, the electronics sector is magnifying its usage of such robots because product efficiency is key here. Semiconductors are critical components that can get destroyed by human touch, thereby prompting the usage of cobots.