At 21.1% CAGR, the South & Central America Collaborative Robots Market is Projected to be Worth US$ 112.83 Million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America collaborative robots market was valued at US$ 24.42 million in 2022 and is expected to reach US$ 112.83 million by 2030, registering a CAGR of 21.1% from 2022 to 2030. Widespread adoption of industrial automation in diverse industries and deployment of robotics are among the critical factors attributed to the South & Central America collaborative robots market expansion.        

The penetration of industrial automation is gaining pace in various industries other than automotive, such as logistics, food & beverages, electrical & electronics, and rubber & plastics, among others. In the recent past, the non-automotive industries were very underpenetrated in comparison to the automotive industry. With the increasing functionality of equipment such as collaborative robots, it is anticipated that the non-automotive industries will further accelerate the adoption of collaborative robots. Apart from industries, the penetration is also increasing among countries. The prospective for further robot installations is remarkable in many of these countries, particularly in the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for collaborative robots manufacturers as it signifies the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period if there is a considerable support from the government to the manufacturers.

On the contrary, relatively slow production rate hampers the South & Central America collaborative robot’s market.  

Based on Payload, the South & Central America collaborative robots market is segmented into up to 5 Kgs, 5-10 Kgs, and above 10 Kgs. The above 10 Kgs segment held 56.4% share of South & Central America collaborative robots market in 2022, amassing US$ 13.76 million. It is projected to garner US$ 59.68 million by 2030 to expand at 20.1% CAGR during 2022–2030. 

In terms of application, the South & Central America collaborative robots market is segmented into assembly, material handling, pick & place, quality testing, packaging, machine tending, welding, and others. The material handling segment held 21.2%  share of South & Central America collaborative robots market in 2022, amassing US$ 5.17 million. It is projected to garner US$ 28.94 million by 2030 to expand at 24.0% CAGR during 2022–2030.

Based on type, the South & Central America collaborative robots market is segmented into robotic arm, grippers, welding guns, and others. The robotic arm segment held 47.8% share of South & Central America collaborative robots market in 2022, amassing US$ 11.68 million. It is projected to garner US$ 58.57 million by 2030 to expand at 22.3% CAGR during 2022–2030.

In terms of end-user industry, the South & Central America collaborative robots market is automotive, metal & machinery, electronics, pharmaceuticals, food & beverages, logistics, and others. The automotive segment held 36.7% share of South & Central America collaborative robots Market in 2022, amassing US$ 8.97 million. It is projected to garner US$ 39.72 million by 2030 to expand at 20.4% CAGR during 2022–2030. 

By country, the South & Central America collaborative robots market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 55.6% share of South & Central America collaborative robots market in 2022. It was assessed at US$ 13.59 million in 2022 and is likely to hit US$ 66.87 million by 2030, exhibiting a CAGR of 22.0% during the 2022-2030.      

Key players operating the South & Central America collaborative robots market are Kuka AG, Yaskawa America Inc, Aubo (Beijing) Robotics Technology Co Ltd, Doosan Robotics Inc, Fanuc Corp, ABB Ltd, Universal Robots AS and Kawasaki Heavy Industries Ltd, among others.  

• In Nov-2022, ArcWorld HC – A Flexible Human-Collaborative Workcell for Robotic Welding Product Launch, the highly adaptable ArcWorld® HC is a comprehensive robotic welding system for the manufacturing of small- to medium-sized items and is designed for human-collaborative (HC) interaction. This pre-engineered mobile cart system is ideal for high-mix, low-volume manufacturing, such as pre-assembly before welding in larger robotic workcells, to replace or enhance manual welding procedures. With three-sided access, it includes a Flextur 1,200 mm x 2,400 mm perforated fixture table, a single human-collaborative HC10DTP robot, retractable arc curtain, built-in exhaust hood, compatible power supplies from Miller®, Lincoln Electric, SKS, OTC, or Fronius, a 14-gauge metal tool board, tool balancer, and debris tray. In order to accommodate conventional welding equipment, a 120 VAC 20-Amp electrical extension outlet and a 120-psi air connection are provided. Solid wheels and levelling feet make installation or movement quick and simple, while overhead LED lighting illuminates the interior. Optional bottle holders include wire spool and shield gas.
• In Jan-2022, Direct Teach, Plug and Play Collaborative Robots Enhance Yaskawa's HC-Series Line, Product Launch, Yaskawa's HC-series line is enhanced by the six-axis HC10DTP and HC20DTP collaborative robots, both of which are extremely dependable. A plug-and-play approach for simple robot system deployment is made possible by an ISO standard tool flange and electrical connections, as well as hand-guided programming, which enables users to direct instruct points without a pendant. The HC10DTP and HC20DTP make it possible for people to operate securely alongside robots in a wide range of collaborative applications, including assembly, dispensing, machine tending, material handling, packing, and welding. Advanced pinch less geometry offers the highest level of safety, while Power and Force Limiting (PFL) technology constantly monitors force to react rapidly and safely to impact. In addition to eliminating external utilities, a thru-arm Category 6 Ethernet cable, I/O cable, and dual air lines provide quick, secure, and simple setup of a wide range of connectivity choices for tools.

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