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Robotics is growing in the Indian market and has recognized in the tech market. However, India is a slow but emerging robotics industry as various educational institutions, and robotics companies have in progress competitions and workshops for students and professionals on Indian robots. Glocalization has made it likely for robots made in India to get promoted in the foreign markets and yield higher revenue for the country and have an technology such as AI and IoT to generate smart functionalities. According to International Federation of Robotics, the county comes under top 15 highest number of recorded robot installations in 2020 with 4.9 million robots deployed. The country is witnessing a growing demand for robots for speed, safety, scale, and success in automotive, ecommerce, electronics, and defense sectors.
Increase in applications for manufacturing across the region
Cobots, or collaborative robots, are a new robotics paradigm in which robots and humans collaborate on the same projects, and they represent a significant advancement in robotics with enormous potential for many industries, including manufacturing. Artificial intelligence, machine learning, neural networks, and sensors that detect force, torque, and vision have all improved.
In 2022, Nokia Corporation formed partnership with IISc to set up the Nokia Centre of Excellence in Network Robotics at IISc Bangalore to promote robotics and advanced communications technologies in 5G and Artificial Intelligence. Under the partnership, it would strengthen the design of advanced robotics, AI, and automation solutions.
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Faster ROI and low-cost deployment
Collaborative robots have been scientifically proven more cost-effective than their industrial counterparts, primarily due to their ability to automate more tasks per robot and significant productivity boost. Moreover, the ease of creating a collaborative robot reduces the time and resources required for integration, lowering the automation investment. Collaborative robots include safety features and do not require fences or other industrial safety equipment, thus, reducing costs while shortening integration time. When compared to industrial robots, the low cost of deploying a collaborative robot makes it far more accessible to a broader customer base.
Increase in automation in the various verticals across the region
There is a continuous increase in automation across various verticals in India. Several large-scale and small-scale industries have made automation a key component of their cost-cutting and production-efficiency strategies. The use of collaborative robots is growing as more and more businesses are shifting toward automation. Collaborative robots are used in various industries, such as automotive, furniture & equipment, and metals & machining, for assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and other applications. Collaborative robot adoption is increasing because of the rapidly changing human-machine interface (HMI), which is made possible by introducing touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT.
High requirement for skilled workforce
Manufacturers have found it more difficult to hire employees to fill specialized tasks in their factories over the last decade. The presence of automation complicates matters further, as the robots require programming and knowledge of how to operate. This gives existing employees more opportunities to be trained and expand their skill set. An automation company can assist with the initial installation and setup. Staff can learn new skills and adapt to managing robots with the right training and experience. As a result, the need for a highly skilled team and workforce may stymie the market growth of collaborative robots.
Market Segmentation
The India Collaborative Robot market is divided into Payload Capacity, Application, and Industry. Based on payload capacity, the market is divided into up to 5 Kg, between 5 and 10 Kg, and above 10 Kg. On the basis of application, the market is divided into assembly, pick & place, machine tending, quality testing, material handling, packaging & palletizing, gluing & welding, and others. On the basis of industry, the market is further split into automotive, furniture & equipment, and metals & machining.
Market Players
Some of the leading players in the Indian Collaborative Robots Market are, ABB AB, Addverb Technologies, KUKA Robotics, Robert Bosch GmbH, GreyOrange,
Key developments and initiatives by government and companies
- InIndia, Tata Consultancy Services and National Robotarium, a research anddevelopment center at Heriot-Watt University, Scotland, formed a partnership toelevate early-stage Artificial Intelligence and robotics product development,including soft robotics, field robotics bots and teleoperations. Furthermore,Nokia corporation formed partnership with IISc to set up the Nokia Centre ofExcellence in Network Robotics at IISc Bangalore to promote robotics and advancedcommunications technologies in 5G and Artificial Intelligence.Thiruvananthapuram-based robotics startup Genrobotics formed partnership withthe Kerala government to install a spider-shaped robot named Bandicoot to cleansewers and manholes in Thiruvananthapuram.
- In 2019, UniversalRobots partnered with Bharat Fritz Werner, India. This collaboration assistsUniversal Robots in redefining production processes through introducing itsrobotic arms.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2023 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Payload Capacity Application Industry Country |
| Country scope | North India, South India, East India, West India |
| Key companies profiled | ABB AB, Addverb Technologies, KUKA Robotics, Robert Bosch GmbH, GreyOrange, Sastra Robotics India Private Limited, Precise Automation, Inc., Lockheed Martin India Private Limited, Techasoft Private Limited, and DiFACTO Robotics |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
