Top 10 Collaborative Robots Companies: Valuable Solution For Industry

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Nov 7, 2023

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Collaborative Robots Market Overview

Collaborative robots, or cobots, are designed to work safely alongside humans, sharing workspace and performing tasks collaboratively. They feature advanced safety features like sensors for detecting obstacles and human contact, making them suitable for manufacturing, logistics, healthcare, agriculture, and more applications.

Cobots are known for their user-friendly programming and flexibility, allowing easy task reconfiguration and adaptability to changing needs. They offer advantages such as improved safety, increased productivity, cost-efficiency, and skill enhancement but face challenges related to payload and speed limitations, integration complexity, programming, initial investment costs, and security concerns.

Overall, cobots represent a valuable solution for industries seeking to incorporate automation while maintaining a collaborative and efficient work environment.

Market Drivers

The collaborative robots (cobots) market is primarily driven by the increasing focus on workplace safety, addressing labor shortages, cost-efficiency, adaptability, and ongoing technological advancements. These factors have led to the widespread adoption of cobots across industries such as manufacturing, logistics, healthcare, and agriculture.

Additionally, government incentives and regulations and the broader trend of automation and digital transformation (Industry 4.0) contribute to the market’s growth. Cobots are helping businesses optimize their operations, reduce costs, and enhance productivity while meeting sustainability goals and environmental concerns, making them a pivotal player in the automation landscape.

Market Size

The collaborative robots market is set to undergo significant expansion in the forthcoming years, with an estimated worth of roughly USD 224.19 billion by 2032, a notable increase from the 2021 value of USD 4.03 billion. This growth will follow a consistent annual growth rate (CAGR) of 44.1% from 2022 to 2032.

List of Major Companies

Universal-Robots

Company Overview

Establishment Year2005
HeadquarterOdense, Denmark
Key ManagementKim Povlsen (CEO)
Revenue (US$ Bn)$ 311 Million (2021)
Headcount~ 1000 (2022)
Websitehttps://www.universal-robots.com/

About Universal Robots

Universal Robots, founded in 2005 and headquartered in Denmark, is a pioneering company in the collaborative robotics sector. It has revolutionized the industry by introducing user-friendly and safe collaborative robots (cobots) designed to work alongside humans. With a versatile product line that includes various cobot models, Universal Robots caters to a wide range of applications, offering intuitive programming interfaces and advanced safety features.

Their cobots find global applications in manufacturing, electronics, automotive, food processing, and healthcare. Acquired by Teradyne in 2015, Universal Robots is pivotal in making automation accessible to businesses of all sizes, promoting efficiency and safety in collaborative workspaces.

Geographical Presence

Universal Robots, headquartered in Odense, Denmark, has a global reach through an extensive network of regional offices, partner organizations, and collaborators spanning Europe, North America, Asia-Pacific, Latin America, and specific markets in the Middle East and Africa. Within Europe, they have firmly established themselves in countries like Germany, France, the United Kingdom, and Italy.

In North America, their presence is prominent, covering both the United States and Canada, supported by accredited distributors and integration partners who assist customers. The Asia-Pacific region, including nations such as China, Japan, and South Korea, benefits from their regional offices and cooperative relationships with distribution partners. Furthermore, they are expanding their influence in Latin American markets, including Mexico and Brazil.

Recent Developments

  • In May 2023, the Danish company Universal Robots, known for manufacturing collaborative robots (cobots), unveiled a new collaboration with Denali Advanced Integration, a prominent global technology integrator and provider of services.
  • In April 2020, Universal Robots introduced ActiNav, the world’s first autonomous bin-picking kit for machine tending tasks.

FANUC

Company Overview

Establishment Year1958
HeadquarterYamanashi Prefecture, Japan
Key ManagementSeiuemon Inaba (Founder)
Revenue (US$ Bn)$ 6.3 (2022)
Headcount~ 9,432 (2022)
Websitehttps://www.fanuc.co.jp/

About FANUC Corporation

FANUC Corporation, founded in 1956 and headquartered in Oshino, Japan, is a leading global player in industrial automation, robotics, and CNC systems. With a mission to provide innovative automation solutions that improve productivity and efficiency, FANUC offers a comprehensive range of technologies.

This includes advanced industrial robots and collaborative robots used in applications like welding, material handling, and assembly, as well as precision CNC systems vital for industries such as aerospace and automotive. Operating in over 100 countries, FANUC’s global presence ensures it can offer support, service, and tailored solutions to customers worldwide.

Geographical Presence

FANUC Corporation, headquartered in Oshino, Japan, has a strong global presence, with operations spanning various regions. The company is a global research, development, and corporate hub. In North America, it supports industries like automotive and aerospace across the United States, Canada, and Mexico.

In Europe, FANUC has established a significant presence in countries like Germany, France, the United Kingdom, and Italy through regional offices and service facilities. The Asia-Pacific region, including China, Japan, and South Korea, is pivotal to FANUC’s global strategy, supported by an extensive network of offices.

Additionally, FANUC is expanding in Latin America, including Brazil and Mexico, as well as in the Middle East and Africa, ensuring accessibility and support for its automation solutions worldwide across various industries.

Recent Development

  • In October 2023, NTT DATA, in partnership with NVIDIA and FANUC Germany, developed a digital replica of robotic arms designed for applications in industrial digitalization.
  • In September 2023, FANUC CORPORATION reached a significant milestone by manufacturing its millionth industrial robot. With a history of more than 50 years as a pioneer in automation, FANUC’s robots are employed across the globe in manufacturing facilities for tasks like assembly, handling, packaging, painting, and welding products of varying shapes and sizes.

ABB

Company Overview

Establishment Year2002
HeadquarterVästerås, Sweden
Key ManagementBjörn Rosengren (CEO)
Revenue (US$ Bn)$ 29.4 Billion (2022)
Headcount~ 105,130 (2022)
Websitehttps://global.abb/

About ABB

ABB, officially known as Asea Brown Boveri, is a prominent global corporation headquartered in Zurich, Switzerland. It was founded in 1988 and has since become a leader in electrification, automation, robotics, and industrial technology. ABB’s extensive reach spans over 100 countries, where it is celebrated for its inventive solutions that enhance the efficiency, productivity, and sustainability of diverse industries.

Their products and services encompass electrical distribution systems, automation and control technologies, industrial and collaborative robots, electrification solutions, renewable energy systems, grid infrastructure, transportation electrification, and digitalization tools.

ABB’s worldwide presence and technical expertise position it as a vital contributor to industrial automation, electrification, and digital transformation across many sectors, encompassing manufacturing, utilities, transportation, and beyond.

Geographical Presence

ABB, a frontrunner in electrification, automation, and industrial technology, maintains a widespread global footprint, with operations spanning various regions. It is headquartered in Zurich, Switzerland, as a central hub for global corporate functions.

ABB has a significant presence in Europe in countries like Germany, France, the United Kingdom, and Italy. North America, encompassing the United States, Canada, and Mexico, represents a primary focus area for its business endeavors.

The Asia-Pacific region, encompassing countries such as China, Japan, South Korea, and India, is a pivotal market underpinned by an extensive network of offices and manufacturing facilities. Latin American markets, including Brazil and Mexico, also reap the benefits of ABB’s involvement, especially in sectors related to energy and automation.

Recent Developments

  • In October 2023, ABB and Carnival Corporation & plc entered into a lengthy partnership agreement to work together to enhance operational efficiency and ship performance throughout the cruise company’s fleet. This collaboration will focus on systematic maintenance planning, effective critical spare parts management, and deploying advanced digital solutions for condition monitoring.
  • In October 2023, Danish firm H2 Energy Esbjerg ApS enlisted ABB to provide crucial electrical engineering services for power distribution at their 1 GW hydrogen production plant in Esbjerg and a hydrogen distribution center in Fredericia, Denmark.

KUKA

Company Overview

Establishment Year1898
HeadquarterBavaria, Germany
Key ManagementPeter Mohnen (CEO and Chairman)
Revenue (US$ Bn)$4.1 Billion (2022)
Headcount~  15,064 (2022)
Websitehttps://www.kuka.com/

About KUKA

KUKA is a prominent global player in the robotics and automation sector, headquartered in Augsburg, Germany. With roots dating back to 1898, the company has a rich heritage and a reputation for being a frontrunner in delivering advanced automation solutions.

KUKA specializes in robotics, automation, and system engineering, catering to various industries, including but not limited to automotive, aerospace, electronics, and healthcare. They offer an extensive portfolio of industrial robots, collaborative robots (cobots), and automation systems meticulously designed to enhance efficiency, productivity, and versatility in manufacturing and various other applications.

Geographical Presence

KUKA, a prominent player in robotics and automation, has a substantial global presence, with offices and operations spanning diverse regions. Headquartered in Augsburg, Germany, where it was founded, the company maintains a significant European presence, including offices, manufacturing facilities, and service centers in countries such as France, Italy, and the UK.

KUKA is vital in North America, notably the United States and Canada, especially in the automotive and aerospace sectors. KUKA has an extensive network to serve various industries across the Asia-Pacific region, encompassing China, Japan, South Korea, and India.

Additionally, they are active in Latin America, including Brazil and Mexico, and are expanding in the Middle East and Africa to ensure global accessibility and support for their robotics and automation solutions.

Recent Developments

  • In May 2023, KUKA entered a deal to sell off its robotic automation integration division, KUKA Industries GmbH & Co. KG, in Obernburg.
  • In March 2022, KUKA Assembly & Test GmbH and Wiksfors Technology AB unveiled a strategic collaboration to combine their strengths in the modular housing construction sector.

Yaskawa-Electric

Company Overview

Establishment Year1915
HeadquarterKitakyushu, Japan
Key ManagementJunji Tsuda (Chairman of the Board)
Revenue (US$ Bn)$4.1 Billion (2022)
Headcount~ 13094 (2022)
Websitehttps://www.motoman.com/en-us

About Yaskawa Electric Corporation

Yaskawa Electric Corporation, or Motoman, is a well-known global corporation headquartered in Kitakyushu, Japan. With its inception dating back to 1915, the company has a rich and illustrious heritage as a prominent provider of automation solutions.

Yaskawa specializes in researching, developing, and producing industrial robots, motion control systems, and automation solutions, catering to various industries spanning automotive, electronics, healthcare, and more.

Their extensive product lineup includes articulated robots, collaborative robots (cobots), and controllers designed to optimize productivity, efficiency, and adaptability in manufacturing and various other applications.

Geographical Presence

Yaskawa Electric Corporation, or Motoman, has a strong worldwide presence with offices and operations across diverse regions. The company’s roots are in Kitakyushu, Japan, where it was founded. In North America, Yaskawa is well-established, serving the United States, Canada, and Mexico, focusing on the automotive and manufacturing sectors.

They have a significant presence in Europe, including offices, manufacturing facilities, and service centers in countries like Germany, France, and the UK. The Asia-Pacific region, comprising China, Japan, South Korea, and India, is vital to Yaskawa, supported by an extensive network of offices and manufacturing facilities.

Recent Developments

  • In May 2023, Plus One Robotics, known for its AI vision software and robotic parcel handling solutions, announced customer programs involving Yaskawa Motoman robots. These initiatives specifically focus on Plus One’s induction and mixed depalletization solutions.
  • In February 2023, Rapid Robotics and Yaskawa Motoman established a fresh integration collaboration to boost the industrial functionalities of Rapid Robotics’ Rapid Machine Operator (RMO).

Techman-Robot

Company Overview

Establishment Year2016
HeadquarterTaoyuan, Taiwan
Key ManagementHaw Chen (CEO)
Revenue (US$ Bn)$ 35.2 Million (2022)
Headcount~ 400 (2021)
Websitehttps://www.tm-robot.com/en/

About Techman Robot

Techman Robot, headquartered in Taoyuan, Taiwan, is a prominent company in collaborative robotics. Founded in 2016, Techman Robot has quickly become a global player in developing and manufacturing collaborative robots, also known as cobots.

The company provides innovative automation solutions for various industries, including manufacturing, electronics, logistics, and healthcare. Techman Robot’s cobots are known for their user-friendly interfaces, advanced vision systems, and ease of integration into various production environments. These robots are designed to work alongside humans, enhancing productivity and efficiency while ensuring safety.

Geographical Presence

Techman Robot, a leading figure in collaborative robotics, boasts a substantial worldwide presence with operations and offices across diverse regions. The company, originally founded in Taoyuan, Taiwan, has firmly established itself in North America, covering the United States and Canada, focusing on industries like manufacturing and logistics.

In Europe, they have a significant presence in countries such as Germany, France, the United Kingdom, and Italy. The Asia-Pacific region, encompassing China, Japan, South Korea, and Singapore, is another key area where Techman Robot has a strong foothold, supporting its global expansion.

Recent Developments

  • In May 2023, Techman Robot picked NVIDIA Isaac Sim to improve automated optical inspection.
  • In May 2023, Techman Robot introduced a novel robot, providing the inaugural chance to witness the TM AI Cobot TM25S at the Automate Show.

Doosan-Robotics

Company Overview

Establishment Year2015
HeadquarterGyeonggi-do, South Korea
Key ManagementWilliam(Junghoon) Ryu (CEO)
Revenue (US$ Bn)$ 33 Million (2022)
Headcount~ 622 (2022)
Websitehttps://www.doosanrobotics.com/

About Doosan Robotics

With its headquarters in Gyeonggi-do, South Korea, Doosan Robotics has become a significant player in industrial robotics. Established in 2015, the company has swiftly gained global recognition for its expertise in developing and manufacturing collaborative robots, often called cobots.

Doosan Robotics delivers innovative automation solutions tailored for diverse industries such as manufacturing, logistics, and healthcare. Their cobots are meticulously designed to operate alongside humans, elevating productivity and efficiency while prioritizing safety. These robots are distinguished by their user-friendly interfaces, adaptability, and advanced capabilities, making them suitable for various applications.

Geographical Presence

Doosan Robotics, a prominent player in collaborative robotics, maintains a significant global presence with operations and offices spanning diverse regions. The company’s headquarters are in Gyeonggi-do, South Korea, where it was originally founded.

In North America, Doosan Robotics has established a notable presence, particularly in the United States, focusing on industries such as manufacturing and logistics. Europe is another region where the company has a growing footprint, with offices and partners in countries like Germany, France, the United Kingdom, and Italy.

In addition to South Korea, Doosan Robotics has a presence in the broader Asia-Pacific region, encompassing countries like China, Japan, and Singapore, supporting its expansion efforts.

Recent Development

  • In October 2023, Doosan Robotics Inc. unveiled Dart Suite, a software platform designed for collaborative robots. This platform facilitates the development and sharing of applications for collaborative robots.
  • In October 2023, Doosan Robotics collaborated with Microsoft and Doosan Digital Innovation to implement a context-aware control system for collaborative robots (cobots), leveraging generative pre-trained transformer technology. This partnership was formalized through a memorandum of understanding, with Doosan Robotics utilizing Microsoft’s Azure OpenAI Service to develop a GPT-based robot control system.

FnP-Robotics

Company Overview

Establishment Year2009
HeadquarterGlattbrugg, Switzerland
Key ManagementMichael Früh (CEO)
Revenue (US$ Bn)$ 5.4 Million (2022)
Headcount~ 50 (2022)
Websitehttps://www.fp-robotics.com/en/

About F&P Robotics AG

F&P Robotics AG, based in Glattbrugg, Switzerland, is a prominent company specializing in developing and producing robotic solutions for various applications. Founded in 2009, F&P Robotics has swiftly become a global player in robotics.

The company specializes in creating collaborative robots, also known as cobots, designed to work with humans safely and efficiently. F&P Robotics’ core focus is delivering innovative automation solutions primarily for healthcare, hospitality, and service industries. Their cobots are celebrated for their versatility and user-friendly interfaces, making them suitable for various tasks and industries.

Geographical Presence

F&P Robotics AG, headquartered in Glattbrugg, Switzerland, maintains a significant global presence with operations and offices spanning diverse regions. The company, founded in 2009, serves as a hub for research, development, and corporate functions in Switzerland.

In Europe, F&P Robotics AG has established a strong footprint, with a presence in countries such as Germany, France, the United Kingdom, and Italy, where their collaborative robotic solutions find significant traction. They have a growing presence in Asia, including countries like China and Japan, contributing to their global expansion efforts.

Cobalt-Robotics

Company Overview

Establishment Year2016
HeadquarterSan Mateo, California, USA
Key ManagementTravis Deyle (CEO)
Revenue (US$ Bn)$ 8.5 Million (2022)
Headcount~ 75 (2022)
Websitehttps://www.cobaltrobotics.com/

About Cobalt Robotics

Cobalt Robotics, headquartered in San Mateo, California, is a leading company in security robotics. Founded in 2016, Cobalt Robotics specializes in developing and manufacturing autonomous security robots designed to enhance security and monitoring capabilities in various industries.

These robots have advanced sensors, cameras, and artificial intelligence technology for real-time monitoring and threat detection. Cobalt Robotics’ robots are capable of patrolling and securing areas, investigating anomalies, and alerting human operators when necessary. The company focuses on providing a comprehensive security solution that combines human oversight with robotic efficiency.

Geographical Presence

Cobalt Robotics, a leading provider of security robotics solutions, has a significant geographical presence with operations and offices in various regions across the United States. The company’s primary focus has been serving clients within the United States, where it established a strong footprint in the security robotics industry.

Recent Developments

  • In January 2023, Cobalt Robotics, a machine-learning firm that focuses on automating repetitive security and facility tasks using autonomous robots on a global scale, unveiled a new partnership with Johnson Controls.
  • In December 2022, Cobalt Robotics revealed a fresh technology collaboration and an industry-first software integration with Envoy, a rapidly evolving workplace platform that modernizes flexible workspaces.

Omron

Company Overview

Establishment Year1933
HeadquarterKyoto, Japan
Key ManagementYoshihito Yamada (President and CEO)
Revenue (US$ Bn)$ 8.2 Billion (2022)
Headcount~ 29,000 (2022)
Websitehttps://www.omron.com/global/en/

About Omron Corporation

Omron Corporation, based in Kyoto, Japan, is a globally renowned company with a rich history dating back to its inception in 1933. Omron is a prominent player in automation, healthcare, and electronic components. The company’s fundamental mission is to enhance the quality of people’s lives and contribute to a better society by harnessing innovative technologies.

Omron boasts a wide-ranging portfolio of products and services encompassing automation systems, industrial automation components, healthcare devices, and electronic components. Omron delivers solutions for factory automation, robotics, and control systems within the automation sector, serving diverse industries such as automotive, electronics, and healthcare.

Geographical Presence

Omron Corporation, headquartered in Kyoto, Japan, has a significant global presence, with operations and offices across diverse regions. Established in 1933, the company serves as a hub for research, development, and corporate functions in Japan.

In the Asia-Pacific region, Omron has a notable footprint in countries like China, India, Singapore, and Thailand, essential for its expansion. North America is a key focus, with operations in the United States, Canada, and Mexico, particularly in automation and healthcare.

Europe is another important region, with offices in Germany, France, the UK, and Italy. The company also serves Latin American markets, including Brazil and Mexico, enhancing accessibility and support for its diverse solutions worldwide.

Recent Developments

  • In July 2023, Omron, a manufacturer of automation machinery, supplied a collaborative robot (cobot) to assist in the final packaging stage of ice cream tubs for Ice Bakers, an ice cream producer based in Denmark.
  • In November 2021, OMRON Corporation revealed an investment agreement with Techman Robot, Inc. (Techman), a Taiwan-based company known as the world’s second-largest manufacturer of collaborative robots designed to work alongside humans in manufacturing environments.
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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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