Sat, 15 Aug 2020

Collaborative Robots Market

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Collaborative Robots Market. The growth sectors of the Collaborative Robots Market are identified with precision for a better growth perspective.

The study on the global collaborative robots market 2020 by Market Research Future has been conducted with the bird's eye view of the current proceeding within the collaborative robots industry. The report also considers the impact of the novel COVID-19 pandemic on the collaborative robots market. It offers a clear assessment of the projected market fluctuations during the forecast period (2018-2023) at a pace of 54.22% CAGR while anticipating a valuation of USD 3538.46 million in the same years.

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Top Impacting Factors

Collaborative robots market is closely related to the market of robots that are proposed to work along with humans and physically interact with humans. Collaborative robots, as compared to traditional industrial robots, are designed to function with limited human guidance or autonomously. Supportive advanced proximity, pressure & other sensors ensure the safety of accompanying humans. Further, they work in a closed-loop feedback control system to continuously monitor the presence of humans around them. All these factors have impacted the market to a great extent and are ready to be an essential market during and post COVID 19 disease outbreak.

Collaborative robots are majorly being employed in industries such as electronics, automotive, aerospace, furniture & equipment, packaging, metals & machining and more due to pandemic caused by Coronavirus. This virus has led to contact-less activities. Such a scenario has encouraged usage of advanced robots to avoid contact with products. In this sudden environment, rising demand for robotics in industries has acted as a significant driver for the global collaborative robot market. Also, the growing demand for automation in industries worldwide is escalating the demand for robotics for future trends.

As per MRFR's study, new industrial robots are probable to be installed in factories globally. Cobots and another name for collaborative robots cater to grand opportunities for the growth of small to medium-sized companies owing to its short integration time, low investment & ease of use. Thus, all these benefits influence its adoption in various industries and are thrusting the market massively.

To add in this, the collaborative robots market is primarily driven by surged efficiency through the deployment of cobots. In the case of point, a BMW factory revealed that cooperative process that involves efficiently collaborating humans & robots might reduce human idle by a high percentage.

Leading Segments

Collaborative robots market study aims at various segments such as payload, type, components, application, and vertical.

In terms of payload segment, the market includes up to 5kg, 5kg to 10 kg, and above 10 kg.

In terms of type segment, the market includes speed & separation, power & force limiting, safety monitored stop, and hand guiding.

In terms of component segment, the market includes drives, controllers, end effectors, sensors, and others.

In terms of application segment, the market includes handling, welding and glueing, pick and place, assembling, packaging and palettization, machine testing, quality testing, and others.

In terms of vertical segment, the market includes electronics & semiconductor, automotive, metals & mining, manufacturing, healthcare, food & beverages, aerospace and others.

Leading Regions

The geographical study of collaborative robots market is done for critical regions of Europe, North America, Asia-Pacific, and the rest of the world.

Europe stood with the largest market share for collaborative robots owing to emerging infiltration of factory automation solutions, adoption of cobots in manufacturing and automobile sectors and government initiatives supporting Industry 4.0 drive. In fact, developed countries such as Germany, the UK, and France are deploying cobots in diverse industry verticals such as automotive, manufacturing, electronics & semiconductor, food & beverage, metals & mining, healthcare, and aerospace, resulting in motivating the market growth in this region.

Another major factor that triggers the market growth is the occurrence of significant market players in this region such as Robert Bosch GmbH, ABB, KUKA AG and MRK-Systeme GmbH. North America holds the second-largest market share in the collaborative robots market owing to rising penetration of robots in the US, Canada, and Mexico.

The asia-Pacific collaborative market is also likely to inflate at a higher rate owing to this region, observing growing demand for automation in countries such as China, Japan, and India.

Top Players

The top players in the collaborative robots are KUKA AG (US), ABB (Switzerland), Universal Robots A/S (Denmark), Robert Bosch GmbH (Germany), Precise Automation, Inc. (US), MRK-Systeme GmbH (Germany), MABI AG (Switzerland), F&P Robotics AG (Switzerland), Techman Robot (Taiwan), Universal Robots (Denmark), and KAWADA Robotics Corporation (Japan).

"Don't miss out on business opportunities in Collaborative Robots Market. Get detailed report and gain crucial industry insights that will help your business grow."

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https://www.marketresearchfuture.com/reports/articulated-robot-market-6805

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See Campaign: https://www.marketresearchfuture.com/reports/collaborative-robots-market-6708Contact Information:About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.comTags:, iCN Internal Distribution, Research Newswire, Englishimage

Contact Information:

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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