Global Collaborative Robot Market Report 2018 growing at a CAGR of nearly +51.4% in the forecast year 2023

Collaborative Robot Market

Summary

Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.

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According to this study, over the next five years the Collaborative Robot (Cobot) market will register a 51.4% CAGR in terms of revenue, the global market size will reach US$ 4500 million by 2023, from US$ 370 million in 2017.

Technological Advancements  

According to QYR study, the global revenue of Collaborative Robot (Cobot) was valued at 373.3 million USD in 2017, rising demand from safety and continuous development in the automation industry, and the global revenue of Collaborative Robot (Cobot) is forecast to reach 9767.8 million USD by the end of 2025.

Collaborative Robot (Cobot) are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly distributed in Europe, North America, Japan. Demand for Collaborative Robot (Cobot) is profoundly dependent on increase in automation industry. Universal Robots accounted for 58.04% of the global Collaborative Robot (Cobot) sales market share in 2017. Other players accounted for 12.70%, 12.59% including ABB and Kawasaki.

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Segmentation by product type: 
Upto 5kg Cobot
5~10 kg Cobot
Above 10kg Cobot
Segmentation by application: 
Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki

Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.

Key Benefits:

1.The research report provides a detailed analysis of the Chemical Software Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.

2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Chemical Software Market is provided.

3.Porter’s fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.

4.The qualitative and quantitative analysis of the market from 2018 to 2023 is provided to put forth the market potential.

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Key questions answered in the report include:

What will the market size and the growth rate by the end of the forecast period?

What are the key industry trends impacting the growth of the market?

What are the key factors driving and restraining the Collaborative Robot market?

What are the challenges to market growth?

What are the market opportunities and threats faced by the key players in the market?

Who are the leading competitors functioning in the market for Collaborative Robot?

What are the key outcomes of Porter’s five forces analysis of the Collaborative Robot market?

In the end, The main goal of this research study is to provide a clear picture and a better understanding of the market for Global self driving car sales market report 2018 to the manufacturers, suppliers, and the distributors operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to formulate and develop critical strategies for the further expansion of their businesses.

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