Collaborative Robots Market to Develop New Growth Story | Rethink Robotics, ABB, KUKA AG, FANUC Corporation

Advance Market Analytics added research publication document on Worldwide Collaborative Robots Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Collaborative Robots market. Some are the key & emerging players that are part of coverage and have being profiled are Universal Robots A/S (Denmark), Rethink Robotics (United States), ABB (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), MRK-Systeme GmbH (Germany), Precise Automation, Inc. (United States), Energid Technologies Corporation (United States), F&P Robotics AG (Switzerland).

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Collaboration robots are the robots which are capable of learning multiple tasks so they can assist human beings. It is also known as a cobot. It has many roles from autonomous robots of working together with humans to industrial robots which having their protective guards removed. It has highly complex machines that are able to work hand in hand with human beings. The rising number of industries moving to automation worldwide, the rise in need for user-friendly automation, low capital investment in Cobot’s leading to a high return on investment (ROI) robotic application gaining traction, increasing demand for light, as well as the moderate payload capacity of co-bots due to their ease of deployment, high adaptability, affordability, are some of the major drivers which are propelling the growth of the market. The global collaborative robots market to grow at a CAGR of 60.59% during the period 2018-2022.

On February 2018, the Fanuc Corporation (Japan) Company had announced the acquisition of Life Robotics, which is a manufacturing company specializing in these systems. This acquisition will help in strengthening the position of the company.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Collaborative Robots Market various segments and emerging territory.

Influencing Market Trend
• Technology Advancement of the Collaborative Robot

Market Drivers
• High ROI and Low Price of Collaborative Robots Attracting SMEs
• Increasing Investments in Automation by Industries
• Improving Humanâ€"Machine Interface (HMI) and Rising Integration of AI to Imitate Human Behavior
• Strong government support to promote the use of factory automation solutions

Opportunities:
• Rising Demand from Emerging Economics Such as India, China and Others
• High Potential for Robot Installations in Many Countries
• Demand for High-Payload-Capacity Co-Bots

Challenges:
• Addressing the Need to Safely Handle Industrial-Grade Operations
• Developing AI to Help Robots Make Better Decisions and Make them Safe for Humans
• Cybersecurity Threats and Rapid Technological Changes in Robotics
• Safety Standards Issues, and a Lack of a Skilled Workforce
• Limitation of Robots in Interacting With the Real World & Their Ability

Analysis by Application (Material handling, Small parts assembly, CNC machine tending, Molding operations, Test & inspection, gluing, Dispensing, Welding, Packaging & palletizing, Screw driving, Polishing, Others), Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, Food & Beverages,, Healthcare), Payload Capacity (Up to 5 Kg, Between 5 and 10 Kg, Above 10 Kg), Component (Hardware, Sensors, Control System, Actuator, Software Services)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Universal Robots A/S (Denmark), Rethink Robotics (United States), ABB (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), MRK-Systeme GmbH (Germany), Precise Automation, Inc. (United States), Energid Technologies Corporation (United States), F&P Robotics AG (Switzerland)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

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The regional analysis of Global Collaborative Robots Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

On June 2018, the Universal Robots (Denmark) and ABB Company (Switzerland) has partnered with Kawasaki Heavy Industries Ltd. (Japan) in order to develop a common interface for co-bots for offering a simplified human-robot interface with intuitive, smartphone-like navigation, as well as icons
On June 2018, the ABB Company (Switzerland) Company expanded its product portfolio of collaborative robots with the launch of single-arm YuMi collaborative robot IRB 14050
On May 2018, with investments of above JPY USD 17 billion, FANUC (Japan) has expanded its production capacity with the construction of 3 factories at its headquarters in Japan

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Highlights of the Report
• The future prospects of the global Collaborative Robots market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Collaborative Robots market.

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This release was published on openPR.