India Collaborative Robots (Cobot) Market Outlook to 2028

India Collaborative Robots (Cobot) Market Overview

The India Collaborative Robots (Cobot) market has experienced notable growth, as evidenced by the global Collaborative Robots (Cobot) market size being valued at USD 1.58 billion. This growth is driven by increasing automation across various industries, the rising need to enhance productivity, and the flexibility of Cobots to work alongside human workers, thereby optimizing operations without extensive safety requirements.

Key players in the Indian Cobot market include Universal Robots, ABB, KUKA AG, Fanuc Corporation, and Techman Robot. These companies have established themselves by providing advanced robotic solutions tailored to various industrial applications such as automotive, electronics, and manufacturing. Their innovative products and continuous R&D investments have helped them capture significant market shares.

In March 2024, ABB announced the launch of their latest Cobot, the Go Faâ„¢ CRB 15000, which is designed to help businesses automate repetitive and ergonomically challenging tasks safely. This development marks a significant advancement in the Cobot market, with ABB targeting SMEs and large enterprises looking for flexible and cost-effective automation solutions.

In 2023, Maharashtra emerged as the leading state in the adoption of Cobots. The state's dominance is attributed to its growing industrial base, particularly in the automotive and electronics sectors, which are key users of Cobots. The presence of major manufacturing hubs and supportive government policies further drive the adoption of Cobots in Maharashtra.

India Collaborative Robots (Cobot) Market Segmentation

The India collaborative robots (Cobot) market can be segmented by various factors like deployment type, end user industry and solution type.

By Application: The India collaborative robots (Cobot) market is segmented by application into Automotive, Electronics, and Manufacturing. In 2023, the automotive segment was dominating due to the high demand for automation in assembly lines, quality control, and material handling processes. Leading automotive manufacturers in India are increasingly integrating Cobots to enhance production efficiency and maintain competitiveness in the global market.

By Payload Capacity: The India collaborative robots (Cobot) market is segmented by payload capacity into Up to 5 Kg, 5-10 Kg, and Above 10 Kg. In 2023, Cobots with a payload capacity of up to 5 Kg dominated the India Cobot market. These Cobots are preferred for tasks requiring high precision but lower load handling, such as electronics assembly and light material handling.

By Region: The India collaborative robots (Cobot) market is segmented by region into North, South, East, and West India. In 2023, West India dominated the India collaborative robots (Cobot) market is driven by its advanced industrial infrastructure and significant investments in automation technologies. Pune and Mumbai are central to this growth, with numerous manufacturing plants, R&D centers, and a strong focus on adopting cutting-edge automation solutions. The state's favorable business environment, coupled with incentives for technology adoption.

India Collaborative Robots (Cobot) Market Competitive Landscape

India Collaborative Robots (Cobot) Market Major Players

Company

Establishment Year

Headquarters

Universal Robots

2005

Odense, Denmark

ABB

1883

Zurich, Switzerland

KUKA AG

1898

Augsburg, Germany

Fanuc Corporation

1956

Oshino, Japan

Techman Robot

2016

Taoyuan, Taiwan

Universal Robots: Universal Robots organized the Collaborate India 2024 conference, the largest cobot event in the region, held on June 2024, at The Westin Pune Koregaon Park. The event attracted over 500 attendees, including industry professionals and decision-makers, focusing on the theme Collaborative Automation: The Future of Industry. This event marked the debut of Universal Robots' next-generation cobots, the UR20 and UR30, which are designed to enhance productivity and efficiency in various applications.

Launch of TM30S Cobot: On July 2024, Techman Robot unveiled the TM30S, a high-payload collaborative robot, at the Robot Technology Japan exhibition. This robot features a payload capacity of 35 kg and advanced AI capabilities, making it suitable for various applications, including those in the automotive and electronics sectors.

India Collaborative Robots (Cobot) Market Analysis

India Collaborative Robots (Cobot) Market Growth Drivers

Rising Demand for Automation in Manufacturing: In 2023, the Indian manufacturing sector continued its trend of increasingly adopting automation to enhance productivity and efficiency. This growing demand significantly drove the Cobot market as manufacturers sought to optimize their operations with flexible and cost-effective automation solutions. The integration of artificial intelligence, machine learning, and sensors in collaborative robots has improved their capabilities, making them more efficient and safer to use.

Increasing Investments in R&D: Investment in research and development was crucial for the advancement of Cobot technologies in 2023. Leading Cobot manufacturers enhance the capabilities in R&D and functionalities of Cobots. This investment aimed at developing Cobots that are safer, more efficient, and capable of performing complex tasks, thereby driving market growth.

Expansion of SME Sector: Small and medium-sized enterprises (SMEs) are increasingly adopting Cobots to remain competitive. In 2024, the SME sector in India invested INR 45 billion in automation technologies. The flexibility and affordability of Cobots make them an attractive option for SMEs looking to improve their operational efficiency and reduce labor costs, thus driving the market.

India Collaborative Robots (Cobot) Market Challenges

Integration with Existing Systems: Integrating Cobots with existing manufacturing systems poses significant challenges. In 2024, it was reported that many companies faced difficulties in the process, which can be time-consuming and complex, often leading to delays and increased costs. This integration difficulty is a major obstacle to the seamless adoption of Cobots, as companies struggle to incorporate these advanced technologies into their current automation infrastructure.

Regulatory and Compliance Issues: The regulatory environment for robotics and automation in India is still evolving. In 2024, several companies reported facing regulatory hurdles and compliance issues, particularly concerning safety standards and labor laws. Navigating these regulatory challenges can be complex and can slow down the adoption process for Cobots.

India Collaborative Robots (Cobot) Market Government Initiatives

National Robotics Mission (2022): To position India as a global frontrunner in robotics development and adoption, a robust deployment of the National Strategy on Robotics is planned under the ‘National Robotics Mission’. India has made significant progress in robotics, with installations surging by 54% to 4,945 units in 2021, ranking the country 10th globally for annual industrial robot installations. This reflects India's commitment to leveraging advanced technologies for sustainable and inclusive development across its economy.

Skill Development Programs (2015): By 2025, the Indian government has committed to providing industry-relevant skill training for 10 million youth in technologies such as artificial intelligence (AI), big data, and robotics. This initiative is crucial for creating a skilled workforce capable of operating and managing advanced robotics technologies.

India Collaborative Robots (Cobot) Market Future Outlook

The future of the India Cobot market is projected to grow substantially by 2028, by contributing to the growth which include the increasing adoption of Industry 4.0, advancements in AI and machine learning for robotics, and government initiatives promoting automation in the manufacturing sector.

Market Trends

Increased Adoption Across Industries: The collaborative robot market in India is witnessing widespread adoption across industries, including automotive, electronics, metals & machining, plastics & polymers, and others. As companies recognize the advantages of cobots, they are incorporating them into their manufacturing processes to improve efficiency, productivity, and safety. The demand for cobots is expected to grow significantly in the coming years.

Advancements in Artificial Intelligence and Machine Learning: Artificial intelligence (AI) and machine learning (ML) are driving the evolution of collaborative robots. With AI-powered algorithms, cobots can learn and adapt to new tasks, handle complex operations, and collaborate more effectively with human workers. This enables greater flexibility and efficiency in dynamic manufacturing environments.
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