At 26.7% CAGR, South & Central America Collaborative Robots Market is Projected to be Worth US$ 316.65 Million by 2031, says Business Market Insights

According to Business Market Insights research, the South & Central America collaborative robots market was valued at US$ 47.66 million in 2023 and is anticipated to reach US$ 316.65 million by 2031, registering a CAGR of 26.7% from 2023 to 2031. Mobile collaborative robot and rapid expansion in manufacturing industry are among the critical factors attributed to drive the South & Central America collaborative robots market growth.

Industry adoption of smarter and more effective technology is being driven by the quick development of factory automation. Among these developments, industrial mobile robot is particularly revolutionary. These self-governing devices precisely do vital jobs while navigating factory environments. In production settings, industrial mobile robot performs a variety of functions, including material transportation, handling sensitive parts, quality control, product inspection, and logistical support. These autonomous, environment-adaptive robot are extremely helpful in sectors such as electronics, automobiles, and pharmaceuticals. Industrial mobile robot navigates a factory on their own using sophisticated sensors, cameras, and navigation algorithms. They are more adaptable than conventional guided vehicles because they use technologies such as LiDAR, GPS, and AI to identify barriers, optimize routes, and react to environmental changes in real time. Moving items around factories is one of the most popular applications of industrial mobile robot. Without the need for human assistance, autonomous mobile robot is used to transport parts, components, or completed goods between various sections of the manufacturing facility. Additionally, they may assemble parts as they move between workstations, combining the efforts of several production departments into a unified, ongoing process. This improves adaptability and cuts down on waiting periods between production stages. AMRs (Autonomous Mobile Robot) can decide in real time which path is optimal, avoiding obstacles and adapting to environmental circumstances, unlike autonomous guided vehicles (AGVs) or typical fixed transports. Industrial robot manufacturers are investing actively in the development and deployment of mobile collaborative robot in the market. A few instances are given -In November 2024, Kassow Robot introduced a new line of compact collaborative robot arms (cobots) designed to integrate with mobile robot. The new Edge Edition cobots are smaller, fully integrated manipulators designed for mobile manipulation applications. The new cobots feature a direct DC connection from battery power, enabling them to operate while mounted to a mobile robot. They offer remote power on/off control, allowing for control from the mobile robot controllers or a PLC. The cobots can run in automatic mode without a teach pendant, streamlining operations. The cobots have a standard footprint of 160x200mm (6.2″x7.9″), ensuring compatibility with various applications. In October 2024, LOGISTEED, Ltd. introduced its cutting-edge autonomous mobile collaborative robot, “AutonMate,” developed by LOGISTEED Solutions, Ltd. This innovation is set to transform operations at the company’s logistics center in Kashiwa. Unlike traditional automatic guided vehicles (AGVs), which rely on fixed paths, AutonMate navigates autonomously, avoiding obstacles while assisting human workers in picking operations.

On the flip side, the relatively slow production rate hampers the growth of South & Central America collaborative robots market.

Based on payload, the South & Central America collaborative robots market is segmented into 5–10 Kgs, Up to 5 Kgs, and Above 10 Kgs. The 5–10 Kgs segment held 58.1% market share in 2023, amassing US$ 27.70 million. It is projected to garner US$ 172.00 million by 2031 to register 25.6% CAGR during 2023–2031.

In terms of application, the South & Central America collaborative robots market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The material handling segment held 21.7% share of South & Central America collaborative robots market in 2023, amassing US$ 10.34 million. It is anticipated to garner US$ 85.89 million by 2031 to expand at 30.3% CAGR during 2023–2031.

By type, the South & Central America collaborative robots market is segmented into robotic arm, welding guns, grippers, and others. The robotic arm segment held 50.2% share of South & Central America collaborative robots market in 2023, amassing US$ 23.94 million. It is projected to garner US$ 175.21 million by 2031 to expand at 28.3% CAGR from 2023 to 2031.

Based on end-user industry, the South & Central America collaborative robots market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive segment held 36.5% share of South & Central America collaborative robots market in 2023, amassing US$ 17.41 million. It is predicted to garner US$ 104.62 million by 2031 to expand at 25.1% CAGR between 2023 and 2031.

By functionality, the South & Central America collaborative robots market is bifurcated into static robot and mobile robot. The static robot segment held 98.8% share of South & Central America collaborative robots market in 2023, amassing US$ 47.11 million. It is estimated to garner US$ 312.45 million by 2031 to expand at 26.7% CAGR during 2023–2031.

Based on country, the South & Central America collaborative robots market is categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that Brazil captured 56.5% share of South & Central America collaborative robots market in 2023. It was assessed at US$ 26.91 million in 2023 and is likely to hit US$ 195.88 million by 2031, registering a CAGR of 28.2% during 2023–2031.

Key players operating in the collaborative robots market are ABB Ltd; Agile Robot SE; Aubo (Beijing) Robotics Technology Co Ltd; Azenta, Inc.; Bosch Rexroth AG; Comau SpA; Denso Corp; Doosan Robotics Inc; ESTUN AUTOMATION CO., LTD; Fanuc Corp; Kawasaki Heavy Industries Ltd; Kuka AG; OMRON Corp; Productive Robotics, LLC; Rethink Robotics GmbH; SIASUN Robot & Automation CO., Ltd; Svaya Robotics Pvt. Ltd.; Techman Robot Inc; Teradyne Inc; and Yaskawa America Inc, among others.

• In September 2024, Rethink Robotics makes a comeback at IMTS by introducing its Rethink Reacher (RE) line of cobots. Having a rich background in innovative technologies and being a reliable industry ally in improving productivity and safety, Rethink Robotics is re-emerging with a fresh company vision to provide superior products and solutions for the South & Central American market.

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