Press release
Collaborative Robotic Systems Market is estimated to grow at a CAGR of 50.21% during 2018 to 2025 | Vital Players are ABB, FANUC INDIA Private Limited., Universal Robots A/S., Alfa Auto. Machinery Co., Ltd, ENGEL, Hans Hundegger AG.
Collaborative Robotic Systems Market was valued at USD 690 million in 2017 and projected to reach USD 12,102 million by 2025 growing at a CAGR of 50.21% during the forecast period 2018 to 2025.
Collaborative Robotic Systems Market Overview:
The growing demand for performing tasks requiring greater payload capacity is anticipated to contribute to the industry demand. Moreover, co-robots are designed with superior sensors, software, and EOATs that help in withdrawing employees from being injured. The ability of robots to work effectively with representatives in an uncaged environment has led to an improved installation in the industry.
Browse details of 163 number of pages research report developed on Collaborative Robotic Systems Market @ https://www.researchcosmos.com/reports/collaborative-robotic-systems-market-research-report-2017-global-industry-overview-trends-analys/8274493
Collaborative Robotic Systems Market Growth Drivers and Restraints:
Robots are programmed & intended to operate autonomously, wherein collaborative robots work simultaneously with humans. Such robots are created to help humans as a guide in particular works such as home labs, offices, hospitals, farms, and warehouses. Collaborative robots are smaller in weight, easy to assemble, and can serve side by side with humans sans hampering the protection of the human. These robots are plastic in nature that allows for handling repetitive and short-run tasks forward with ergonomically difficult tasks.
The majority of robots is continuously fueled by the growth of three markets, which hold small to medium manufacturers, electronic production, and manufacturers supporting agile product methodologies. Additionally, the growing adoption of automation in the manufacturing method is offering huge economic benefits to product lines by easing difficult human tasks. The experience to work in tandem with the human workforce in an absolutely safe method, increasing demand for automation in industries and the falling prices of computer processing functions & sensors drive the global collaborative robotic systems market. Nevertheless, the slow rate of cycle time impedes market growth. Low prices of collaborative robots and larger returns on investments offer a better opportunity for market expansion.
Geographic Insights of Collaborative Robotic Systems Market:
Europe accounted for the highest market share in 2017, closely supported by APAC and North America. The majority of the market in Europe was driven by strong government assistance to promote factory automation solutions, thereby helping the evolution of Industry 4. Nevertheless, the market in APAC is anticipated to surpass Europe by 2025. This growth can be credited to the growing demand for collaborative robots in Japan, China, and South Korea, primarily by industries such as microelectronics, automotive, and metals and machining.
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Key Market Players of Collaborative Robotic Systems Market:
ABB, FANUC INDIA Private Limited., KUKA, Universal Robots A/S., Alfa Auto. Machinery Co., Ltd, DLR, ENGEL, Hans Hundegger AG, iRobot Corporation., OMRON ADEPT TECHNOL.
Collaborative Robotic Systems Market Key Segmentation:
By End User
• Automotive
• Electrical, electronics & semiconductors
• Rubber & plastic
• Food & beverage
By Application
• Material handling
• General assembly
• Painting
• Inspection
• Welding
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa
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