The global Collaborative Robots Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Global Collaborative Robots Market is expected to grow significantly in the forecast period owing to the noteworthy traction from the SMEs worldwide due to several benefits of collaborative robots. Collaborative robots (cobots) perform numerous tasks for assisting humans in different kinds of workspaces. They potentially improve productivity and offer comfort in various manufacturing tasks. Collaborative robots offer several benefits to a business like faster setup, flexible deployment, simplified programming, fastest payback and safer.
Key Players:
- ABB Group
- Denso
- Epson Robots
- FANUC Corporation
- KUKA AG
- Precise Automation, Inc.
- Rethink Robotics, Inc.
- Robert Bosch GmbH
- Universal Robots A/S
- Yaskawa Electric Corporation
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Growth Drivers:
Collaborative robots market is driven by the potential of collaborative robots to operate with humans in small-spaced electronic assembly lines since they can be easily handled for short runs, tedious tasks and challenging duties. Rising demand for robotics due to wide applications, the need for efficient automation, low investment in cobots resulting in higher ROI and increasing government initiatives are encouraging the progress of the market.
Innovations in the robotics industry is a major trend affecting the collaborative robot market. Efforts to make the collaborative robots perform completely in the manufacturing workspaces with no human presence is advancing. Besides, the existing players are heavily investing in the development of cobots integrated with machine learning and artificial intelligence. Increasing number of SMEs on the global scale is producing opportunities for the market of collaborative robots. With multi-tasking and enormous savings in terms of time and human efforts, these machines are being adopted extensively, creating more opportunities.
Payload Outlook:
- Up to 5kg
- Up to 10kg
- Above 10kg
Application Outlook:
- Assembly
- Pick & Place
- Handling
- Packaging
- Quality Testing
- Machine Tending
- Gluing & Welding
Industry Outlook:
- Automotive
- Food & Beverage
- Furniture & Equipment
- Plastic & Polymers
- Metal & Machinery
- Electronics
- Pharmaceuticals
Regional Outlook:
Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. Europe, followed by North America and Asia Pacific are predicted to lead market of collaborative robots owing to the strict government initiatives to promote factory automation solutions.
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