12-11-2018 03:52 AM CET - Advertising, Media Consulting, Marketing Research

Collaborative Robot (Cobot) Market will reach 4500 million US$ in 2023

Press release from: Global Info Research

New report published by Global Info Research which offers insights on the global Collaborative Robot (Cobot) market.

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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Global Collaborative Robot (Cobot) Market: Forecast by Type / Application / Region

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.

The worldwide market for Collaborative Robot (Cobot) is expected to grow at a CAGR of roughly 51.4% over the next five years, will reach 4500 million US$ in 2023, from 370 million US$ in 2017, according to a new GIR (Global Info Research) study.

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Related Information:
United States Collaborative Robot (Cobot) Market 2018 Forecast to 2023
Europe Collaborative Robot (Cobot) Market 2018 Forecast to 2023
North America Collaborative Robot (Cobot) Market 2018 Forecast to 2023
Asia-Pacific Collaborative Robot (Cobot) Market 2018 Forecast to 2023
China Collaborative Robot (Cobot) Market 2018 Forecast to 2023
EMEA Collaborative Robot (Cobot) Market 2018 Forecast to 2023
Global Collaborative Robot (Cobot) Market 2018 Forecast to 2023

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