Press release
Collaborative Robots Market Analysis to 2025 by Leading Players Fanuc, Rethink Robotics, Precise Automation, Universal Robots, Yasakawa Electric, ABB, Robert Bosch, KuKa, Aubo Robotics, TECHMAN Robots and Kawasaki Heavy Industries
Collaborative Robots Market
Global collaborative robots market is expected to grow from US$ 420.4 Mn in 2017 to US$ 8,979.3 million by 2025 at a CAGR of 46.8% between 2018 and 2025.
There has been constant development in collaborative robotics industry. Recently, FANUC., has introduced a collaborative robot, which is a CR-4iA collaborative robot equipped with iRVision to pick a product from a bin and present it to visitors. The visitor may stop the robot by tapping on its side, and then with a simple push of a button, the robot will return to picking product from a bin. Also, another leading player Kawasaki Heavy Industries, Ltd. released RS007N and RS007L, in response to rising demand for compact robots in the electronics and food industries.
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Collaborative robots market by end-user industry is segmented into automotive, metal & machinery, electronics, pharmaceuticals, plastic & polymers, food & beverages and others. Others segment includes industries such as aerospace, healthcare, and construction among others. Automotive industry is the most important customer of collaborative robots in the year 2017. Automotive OEM manufacturers heavily relies upon automation in their assembly line as well as automotive component manufacturers also relies upon robotics in their manufacturing process. These reasons have led to the lion's share the automotive industry in adoption of collaborative robots.
The intensifying demand for new electronic products, the necessity to automate fabrication or assembly and the snowballing need for chips, displays, and batteries are the driving factors for the growth of collaborative robots in the electronics industry.
The report aims to provide an overview of global collaborative robots market with detailed market segmentation. Also, it analyzes the current collaborative robots market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
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The report focuses on an in-depth segmentation of this market based by payload, application and end-user industry. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user segment electronics industry is expected to grow at a prime CAGR during the forecast period of 2018-2025; whereas, Asia Pacific region is expected to grow at the highest CAGR during the forecast period.
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