Collaborative Robot Market is expected to witness incredible growth and forecast 2022-2032 | DENSO Robotics (US), EPSON Robots (India), Energid Technologies Corporation (US)

Collaborative robots, also known as cobots, are increasingly being used in various industries to automate tasks and improve efficiency. These robots are designed to work alongside humans in close proximity, and are typically used for tasks such as assembly, pick-and-place, packaging, and machine tending.

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Key Trends and Drivers

Some of the key trends in the collaborative robot market are increasing adoption of collaborative robots for industrial applications and increasing demand for collaborative robots in the healthcare sector.

The key drivers of collaborative robot market are:

Increasing adoption of collaborative robots in the automotive industry
Rising demand for collaborative robots from small and medium enterprises
Growing need for efficient and safe working environment
Technological advancements in collaborative robots

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Restraints & Challenges

The need for experts to design, install and program collaborative robots is restraining the market. Time required to learn the programming of collaborative robots is restraining the market.

The challenges in the collaborative robots market include the need for high accuracy and repeatability, and the need for safety features such as emergency stop buttons and sensors.

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Market Segments

The Collaborative Robot Market has been segmented into Payload Capacity, Application, and Region. Based on the Payload Capacity, the Collaborative Robot Market is bifurcated into Up to 5kg, Up to 10kg, and Above 10kg. Based on Application, the market is segmented into Assembly, Pick & Place, Handling, Packaging, Quality Testing, Gluing & Welding, and Others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

Some major key players of Collaborative Robot Market are ABB Group (Switzerland), DENSO Robotics  (US), EPSON Robots  (India), Energid Technologies Corporation  (US), F&P Robotics AG  (Switzerland), Fanuc Corporation  (Japan), KUKA AG  (Germany), MRK-Systeme GmbH  (Germany), Precise Automation Inc.  (US), and Rethink Robotics Inc.  (Germany).

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This release was published on openPR.