Various Industry Sectors Are Projected To Offer Lucrative Opportunities For The Global Collaborative Robots Market

(MENAFN- Straits Research) The global collaborative robots market is facing a golden era with rising adoption in the manufacturing and automotive sectors. With the advent of Industry 4.0, companies are striving to enhance productivity and boost resource utilization. Moreover, the industrial transformation has changed the caged and fixed working locations of robots to workstations, besides human employees.
Rapid changes in the automotive sector due to the evolving customer demands for a superior driving experience, low carbon emission, and others have encouraged automotive companies to adopt innovative technologies, such as cobots, for the production of high-quality products. Furthermore, the healthcare sector is also extensively deploying collaborative robots for enhanced patient centricity. The rising adoption of cobots across different sectors is catalyzing the growth of the collaborative robots market.

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Market Highlights
Cobots with a payload of more than 10 kg are expected to record the fastest growth owing to their ability to handle heavy tasks that requires precision and accuracy. Moreover, they can heavy loads, which reduces the loading and unloading cycles.

Assembling and disassembling applications are estimated to witness the highest growth in the coming years. In the case of small workpieces, collaborative robots offer more precision and accuracy when compared with conventional methods. Hence, it is highly preferred by manufacturers.
The electronics sector is considered to emerge as a lucrative industry for the collaborative robots market as the sector requires cobots with low payloads for its applications. Low payload cobots are cost-efficient and is smaller in size. Furthermore, cobots also have an accuracy of 0.1mm and hence it is suitable for handling circuit boards.
North America is intended as a region with huge growth potential for the collaborative robots market, attributed to the tremendous adoption of robotics and automation by countries such as the U.S and Canada. The region accounts for substantial labor costs and also lacks skilled workers. This also assists the growth of the market in the North American region.
The major players in the global collaborative robots market are ABB (Switzerland), AUBO Robotics (U.S), Comau (Italy), Doosan Robotics (South Korea), F&P Robotics (Switzerland), FANUC (Japan), Franka Emika (Germany), KUKA (Germany), MABI Robotic (Switzerland), Precise Automation (U.S), Rethink Robotics (U.S), Stäubli (Switzerland)Techman Robot (Taiwan), Universal Robots (Denmark), and YASKAWA (Japan).

Collaborative Robots Market Segmentation
By Payload

5 kg
Between 5 and 10 kg
More than 10 kg

By Application

Assembling and disassembling
Welding and soldering
Dispensing
Processing
Others

By End-Use Industry

Automotive and aerospace
Electronics and semiconductors
Food and beverage
Plastics and polymers
Healthcare
Others

By Region
North America

The U.S.
Canada
Mexico

Europe

Germany
The U.K.
France
Italy
Spain
Russia
BENELUX
The Czech Republic
Poland
Slovakia
Slovenia
The Rest of Europe

Asia-Pacific (APAC)

China
Japan
India
Korea
Australia
Southeast Asia
The Rest of Asia-Pacific

South America

Brazil
Argentina
Chile
The Rest of South America

The Middle East and Africa (MEA)

South Africa
Egypt
The UAE
Saudi Arabia
The Rest of MEA


" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods

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