The global Collaborative Robots Market size is expected to reach USD 10.14 billion by 2025, according to a new study by Grand View Research, Inc. it is anticipated to expand at a CAGR of 44.5% during the forecast period. Increasing investments in automation of manufacturing processes is boosting the demand for collaborative robots or cobots.
The research and development environments have been
involved in the use of robots possessing embedded torque and force sensing
technologies over the decades which in turn is increasing the implementation of
collaborative robots in automation. Despite having a long history of using
robots for several manufacturing purposes such as on the assembly lines and
welding, the companies operating in automotive industry that are new to
automation, might face challenges with the programming robots. The
need for user-friendly robots that do not require highly skilled workforce to
deploy and carry operations as well as are low maintenance, has paved the way
for developing a common software platform. This platform enabled the
integration of robots, their motion controlling and drives along with the
generation of an interface that eases the programming of such robots
The demand arising from the automotive industrial
customers, engineers, and researchers has initiated the development of
collaborative robots. Moreover, these robots assist the packaging market and
the industries targeting to enhance their production rates. Robots are
currently working in several industries and are on the verge of impacting the
logistics industry overcoming the challenges such as complicated work
processes, handling numerous tasks in several number of combinations all in the
compact spaces. With the development of next-generation of collaborative robots
that are capable of seeing, moving, and reacting to the environment can
precisely work in collaboration with the humans to increase the demand for
cobots across several industry verticals along with logistics. Hence,
increasing demand from logistics is anticipated to drive the overall collaborative
robots market.
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Further key findings from the
report suggest:
- High
demand for collaborative robots in various industrial applications is
attributed to the factors such as the high payload carrying capacity of
cobots. As the cobots operate as an assisting device to human and assist
increasing the efficiency, along with the quality of work done
- Various
countries are intensely reviving the electronics and consumer goods
industries, in turn, catalyzing the demand for cobots. In addition, the
small and medium enterprises usually emphasize on higher return on
investment amenities. Thus, the affordable cobots are effectively grabbing
the attention of such SMEs and driving the overall market at a
considerable pace
- Europe
led the collaborative robots market in 2018 and accounted for over 37% of
the global market share
- Key
market players include ABB Group; DENSO Robotics; EPSON Robots; Energid
Technologies Corporation; F&P Robotics AG; Fanuc Corporation; KUKA AG;
MRK-Systeme GmbH; Precise Automation, Inc.; Rethink Robotics, Inc.; Robert
Bosch GmbH; Universal Robots A/S; Yaskawa Electric Corporation; MABI AG;
Techman Robot by Quanta Storage, Inc.; Franka Emika GmbH; AUBO Robotics
Inc.; and Comau S.p.A.
About Us:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
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studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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