Collaborative industrial robots represent a new replacement of the rapid-growing industrial robotics market. Technological advancements have created the applications of collaborative robots (cobots or co-bots) a reality in several producing factories. With benefits of rising flexibility, enhancing production effectiveness and reducing operational price, industrial cobots are deployed to help human workforce and keeping makers competitive within the world markets.
According to the analysis, ‘Global Collaborative Robots Market 2020-2026 by Offering, Payload, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity’ specific that there are some corporate that presently functioning extra with success for dominant the foremost effective growth of the market and getting the productive competitive edge whereas accretive the productive moneymaking ways that at intervals that at intervals throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Rethink Robotics, Inc., Precise Automation, Inc, Productive Robotics, Inc., Seiko Epson Corporation (Epson Robotics), Nachi Robotic Systems, Inc., Robert Bosch GmbH, Staubli International AG, KUKA (Midea Group), Techman Robot, Universal Robots, Yaskawa Electric Corp., Fanuc Corp., Denso Corporation, Aubo Robotics Inc., Kawada Robotics, Comau S.p.A, ABB Ltd.. A significant trend within the business is that the implementation of those systems as human co-workers. The collaboration of human and machines aids within the easier performance of important operations, simplification of program integration, and standardization in mechanical and electrical operations. By implementing easy interfaces, the technology permits low-skilled personnel to perform tasks like vehicle painting, inserting of elements, and packing while not having in-depth data and coaching in machine operations.
Cobots up to 5 kg payload capability accounted for the most important global market size over the forecast amount. High preference of latest customers because of low cost, minimum needed space and lesser variety of sensors for the operation and management of up to 5kg payload are factors is calculable to drive the market size within the forecast amount. Collaborative robot above 10kg payload capability is expected to witness a major growth and is predicted to garner up by the finish of 2026. 10kg payload cobots will handle higher tasks with a lot of accuracy, dependability and exactness at the side with being helpful within the heavier weight producing method.
On the premise of application, the market is classified into Machine Tending, Material Handling, Packaging and Palletizing, Welding and Gluing, Screw Driving, Polishing, Inspection, Molding Operation, Assembly and Others. The Material handling sub-segment is predicted to carry the biggest market share throughout the forecast period owing to demand from automotive, food and beverages, electronics and semiconductor. Whereas, the assembling application section is predicted to exhibit substantial development within the forecast amount.
On the premise of Industry Vertical, the market is classified into Electrical &Electronics, Chemicals, Polymers & Plastics, Pharmaceutical Industry, Aerospace and Defence, Food and Beverage, Metal & Machinery, Automotive Industry and Others. The automotive section is anticipated to carry the dominant market share throughout the forecast amount because of rising concern of manufactures to reduce operational prices and components with reduction in time and to boost overall space ergonomics. Whereas, the metals and machining section is predicted to exhibit considerable progression within the forecast period.
The regional investigation of Global Collaborative Robots market is taken into the account for the key regions like APAC, Europe, North America, Latin America and ROW. Europe is that the leading/significant region across the world in terms of market share as a result of presence of variety of consumer’s within the region. Whereas, Asia-Pacific is in addition anticipated to exhibit highest rate / CAGR over the forecast amount 2020-2027.
Furthermore, collaborative Robots Market size is driven by the increasing demand for robotics and automation technology in many business verticals like e-commerce, retail, and manufacturing sectors. Companies are more and more implementing automated technologies as a replacement for human labour as they’re reasonable, simply trainable, and versatile as compared to humans, increases the collaborative robot market. The ease of training and the placement of those systems as compared to traditional and bulky equipment are fuelling the market growth.
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Global Collaborative Robots Market In Electrical & Electronics Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)
Ankur Gupta, Head Marketing & Communications