The global mobile collaborative robot market is expected to attain a revenue of $6.8 billion by 2030, increasing from $543.3 million in 2019, and is projected to witness a robust growth of 26.3% during the forecast period (2020–2030). On the basis of application, the market is divided into assembling, machine tending, welding, material handling, and pick place, out of which, the assembling division is expected to register the fastest growth during the forecast period.

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Such operations need mobile cobots for decreasing the time need for assembly. When end user is taken into consideration, the market is categorized into electronics, healthcare, aerospace defense, manufacturing, mining mineral, retail, agriculture, and automotive. Among these, the electronics industry is creating significant demand for mobile cobots, primarily because of the swift expansion of the industry.

These robots are being used in the industry for enhancing productivity and for performing tasks that otherwise become monotonous and repetitive for humans. Geographically, the Asia-Pacific (APAC) region held the largest share of the mobile collaborative robot market in the past and is further predicted to progress at the fastest pace during the forecast period.

Within the region, Japan and China are making the most use of mobile collaborative robots, owing to the rising government support for increasing the sales of electric vehicles through incentives and subsidies. Moreover, the rapidly expanding consumer electronics industry is also driving the demand for mobile collaborative robots in the region.