Jamshedpur Reporter

Collaborative Robots Market Revenue To Grow Extensively By 2025 – Value Chain Analysis, Top Players Financial Performance, Application Estimates & Global Trends | Million Insights

 Breaking News
  • No posts were found

Collaborative Robots Market Revenue To Grow Extensively By 2025 – Value Chain Analysis, Top Players Financial Performance, Application Estimates & Global Trends | Million Insights

May 07
14:20 2021
Collaborative Robots Market Revenue To Grow Extensively By 2025 - Value Chain Analysis, Top Players Financial Performance, Application Estimates & Global Trends | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global collaborative robot industry research report offers thorough insights on top companies, demand, application and global scope. This enables numerous opportunities for the market players to invest in research and development.

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.

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.

However, the technologies used are highly susceptible to physical and cyber security threats, which could malfunction and lead to injuries and loss of lives. This is expected to hamper the growth of the market in the years to come. Another restraining factor of collaborative robots industry is the requirement of periodic system updates, on failing entails heavy losses.

To download the sample PDF of “Collaborative Robots Market” Report please click here: https://www.millioninsights.com/industry-reports/collaborative-robots-market/request-sample

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.

Collaborative robots industry is categorized on the basis of payload capacity, industry, application, and geography. On the basis of payload capacity, the market is divided into up to 5 kg, from 6 kg to 10 kg, and above 10 kg. Up to 5 kg segment held largest share in the past years and the trend is expected to continue in future as well. This can be attributed to the rise in demand for lightweight and moderate capacity collaborative robots due to features like easy installation, cost-efficient, high adaptability, which are essential for catering demands of small and medium enterprises. 

Based on industry, collaborative robots market is divided into automotive, electronics, plastics & polymer, healthcare, metals & machining, food & agriculture, furniture & equipment, and others (including education, scientific research, consumer goods, logistics (3PL), and die cast and foundry robots). In the automotive industry, collaborative robots are used to conduct varied tasks like pick & place, packaging and palletizing, quality check, material handling, machine tending, etc. Owing to these tasks, automotive segment is expected to hold larger market share of collaborative robots in future. 

In terms of application, collaborative robots industry is split into assembly, machine tending, gluing and welding, packaging and palletizing, quality testing, pick and place, handling, and others (painting and polishing, injection molding, lab analysis, screw driving, press tending, analysis & testing, and specimen processing). Pick and place application is predicted to hold larger share owing to the ease in leading and unloading activities, reduced human involvement, and faster operations as compared to human laborers. 

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. The prominent players of collaborative robot industry include ABB, Fanuc, KuKa Ag, Aubo Robotics, Robert Bosch, Kawasaki Heavy Industries, Ltd., TECHMAN Robots, Rethink Robotics, Precise Automation, Inc., Universal Robots, and Yasakawa Electric Corporation.  

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/collaborative-robots-market

Market Segment:

Payload Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
    • Up to 5kg
    • Up to 10kg
    • Above 10kg

Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
    • Assembly
    • Pick & Place
    • Handling
    • Packaging
    • Quality Testing
    • Machine Tending
    • Gluing & Welding
    • Others

Industry Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
    • Automotive
    • Food & Beverage
    • Furniture & Equipment
    • Plastic & Polymers
    • Metal & Machinery
    • Electronics
    • Pharmaceuticals
    • Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA

Browse latest market research reports available with Million Insights:

• Smoke Evacuation System Market: With reference to the report published, the global smoke evacuation systems market size was prized by USD 162.5 million in 2020. It is estimated to witness 7.4% CAGR from 2021 to 2028.

• Inkjet Coders Market: The global inkjet coders market size was valued USD 1.5 billion in 2018 and expected to register 5.1% growth rate during the forecasted period, from 2019 to 2025.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/collaborative-robots-market