Industrial And Collaborative Robots Market Size Is Expected To Reach $10.8 Billion By 2028, Rising At A Market Growth Of 40.1% CAGR During The Forecast Period

Industrial And Collaborative Robots Market Size is expected to reach $10.8 billion by 2028, rising at a market growth of 40.1% CAGR during the forecast period

The expansion is attributable to the growing use of collaborative robots, or cobots, in Small and Medium-Sized Businesses (SMEs). In order to engage with people in a shared office and automate industrial procedures, these businesses are investing more and more in cobots. The industry's technological developments are helping the boom spread even more. The number of workplace accidents has decreased as a result of the use of robots in industrial processes. Additionally, they greatly raise product quality, which is driving up demand for them among numerous businesses and corporations. The outlook for the collaborative robotics market is anticipated to change over the next few years as cobots are increasingly used in applications related to electronics, automotive, logistics, machine tooling, packaging, and assembling.

Sectors that use robotics are constantly under pressure to reduce operational costs while increasing productivity and maintaining essential standards of quality. For instance, in March 2020 Yaskawa unveiled the HC20XP Human-Collaborative Robot. For speedy robot system setup, it includes precise hand-guided instruction. The cutting-edge collaborative robot with a 20 kg payload is perfect for situations where it's vital for the robots to safely work next to or near to humans. The first collaborative robot in its industry to be awarded an IP67 designation is equipped for sustained use in damp or splash-prone environments.

The cost, usability, and complexity of the collaborative robots that are available for training are also all reducing. The main benefit of this would be to provide firms with a range of options, which would increase interest in and demand for such robots. Companies of various sizes and scales may stay competitive because collaborative robots use the most modern sensors, plug-and-play technology, and autonomous robot programming from CAD data. Collaborative robots are created with safety features like integrated sensors, passive compliance, and overcurrent detection because they are intended to work alongside people. If an external force is too great, the embedded sensors will sense it and cause the robot to cease moving. This research includes a thorough market segmentation by various payloads utilized for a variety of applications and end-user industries globally.

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Segmentations:

Global Industrial and Collaborative Robots Market: Major Players
Universal Robots A/S
ABB
Precise Automation, Inc.
Robert Bosch GmbH
KUKA AG
Energid Technologies Corporation
FANUC Corporation
F&P Robotics AG
MRK-Systeme GmbH
Rethink Robotics

Global Industrial and Collaborative Robots Market: By Types
Between 5 and 10 Kg
Up to 5 Kg
Above 10 Kg

Global Industrial and Collaborative Robots Market: By Applications
Pick and Place
Assembly
Packaging and Palletizing
Handling
Machine Tending
Quality Testing
Gluing and Welding
Others

Global Industrial and Collaborative Robots Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial and Collaborative Robots market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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This report examines all the key factors influencing growth of global Industrial and Collaborative Robots market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Industrial and Collaborative Robots market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

The majority of collaborative robots typically have a maximum payload of 15 kg or less. As a result, low payload applications make up the majority of collaborative robot usage. Increased payload frequently results in a decrease in the robot's repeatability and an increase because of the added sensors. Collaborative robots can be safely deployed adjacent to people since they are designed to move as swiftly as a human arm. Performance restrictions must be taken into account during the mechanical design of cobots, particularly the motorised robot joints.

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