A new market study, “Collaborative Robots Market” has been featured on Market Research Future.
The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.
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Press Release Content:
Industrial automation has become a necessity in the midst of high consumerization. Companies and organizations globally have readily integrated automation into their processes to cater to consumer demand. Collaborative robots or cobots are robots designed to work in tandem with humans to expedite the production rate. Their assistance in executing menial tasks and reducing worksite injuries can be considered one of the main reasons for their adoption. The global collaborative robots market report by Market Research Future (MRFR) outlines the latest trends in the industry.
By payload, the market is segmented into up to 5kg, 5kg to 10 kg and above 10 kg. Among these the cobots with up to 5 kg payload holds the largest market share due to growing demand for light and moderate payload capacity cobots among small and medium enterprises.
By type, the market is segmented into safety monitored stop, speed & separation, power & force limiting, and hand guiding. Among these the power & force liming cobots hold the largest market share and is expected to grow due to their increasing adoption in the automotive industry.
By component, the market is segmented into controllers, drives, sensors, end effectors, and others. Among these the sensors component holds the largest share and is expected to grow in the coming years due to their increasing adoption to build cobots owing to the low cost of sensors.
By application, the market is segmented into pick and place, handling, packaging and palettization, assembling, quality testing, machine testing, welding and gluing, and others. Among these the assembling application segment accounts for largest market share due to high demand of cobots for assembling applications. The pick & place application is expected to grow at a higher rate due to high demand for loading & unloading tasks.
By region, the market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe dominated the global collaborative robots market in 2017 thanks to integration of factory automation solutions. This trend is buttressed by manufacturing and automotive sectors in Germany, France, and the U.K. The Industry 4.0 trend supported by governments in the region can propel market growth to new heights over the forecast timespan.
North America can hold onto a significant market share owing to adoption of cobots in Mexico, Canada, and the U.S.
The APAC collaborative robots market is set to experience massive growth due to need for robots in China, India, and Japan. Emphasis on accuracy coupled with new industry standards designed to cater to consumer demand is likely to boost market growth. Reduced wastage of raw materials, improved workflow, and manufacture of high-quality products are other factors which can bode well for the market.
The collaborative robots market is segmented by visor type and application.
By payload, the market is segmented into up to 5kg, 5kg to 10 kg, and above 10 kg. By type, the market is segmented into safety monitored stop, speed & separation, power & force limiting, and hand guiding.
By component, the market is segmented into controllers, drives, sensors, end effectors, and others. By application, the market is segmented into pick and place, handling, packaging and palettization, assembling, quality testing, machine testing, welding and gluing and others.
By vertical, the market is segmented into automotive, electronics & semiconductor, manufacturing, metals & mining, food & beverages, healthcare, aerospace and others.
Prime players in the cobots market include ABB, KUKA AG, FANUC Corporation, Robert Bosch GmbH, Universal Robots A/S, Rethink Robotics, MRK-Systeme GmbH, Precise Automation, Inc., Energid Technologies Corporation, F&P Robotics AG, MABI AG, Universal Robots, Techman Robot, YASKAWA Electric Corporation, and KAWADA Robotics Corporation. Mergers and acquisitions, partnerships, and heavy investments are likely to be witnessed over the assessment period.
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