Collaborative Robots Market Analysis Research, Segmentation, Key Players Analysis and Forecast to 2029
A new market research study by Future Market Insights on
the collaborative
robots market analysis contains global industry analysis 2014–2021 and
opportunity assessment 2022–2029. The report investigates the collaborative
robots market and provides critical insights for the forecast period of
2022-2029.
As per the findings of the report, the global collaborative
robots market is anticipated to experience substantial growth over the forecast
period due to multiple driving factors such as, growing adoption of automation
in end-use industry and reduction in labor cost coupled with high precision
work and high regional demand for collaborative robots.
To Know More @
https://www.futuremarketinsights.com/reports/collaborative-robot-market
Estimated to exhibit an impressive CAGR of ~26% during
the period 2022-2029, the growing automotive and electronic &
semiconductors industry, incessant technological advancements, and enhanced
range of applications of collaborative robots will remain instrumental to the
market growth, according to the FMI analyst.
The East Asia Market Creating Significant Growth Opportunities
East Asia region is projected to boost the growth of the
collaborative robots market, owing to the significant rate of automation across
industries. South Korea is the leading country in robots per 10,000-person
ratio, whereas China has currently registered the highest growth rate in the
same ratio. The inclination of these countries toward collaborative
robots Market share fueled by significant innovations in technology is
magnifying the market. Japan holds a major share of the market in the East Asia
region. To that end, East Asia is expected to generate substantial growth
opportunities in the forecast years.
Affordable Price and Multitude of Applications of
Collaborative Robots Contributing to the Market Growth
The global collaborative robots market has been segmented
based on the different types of payload capacities, their multiple
applications, end-use industry and regions such as North America, Latin
America, Europe, South Asia, East Asia, Oceania, and the Middle East and
Africa.
- Collaborative
robots with payload capacity up to 5kg are projected to have the dominant
share of growth in the upcoming years. Lightweight collaborative robots
with payload capacity up to 5kg are being widely used for a range of
applications. The segmental growth is followed by 5-10kg payload capacity
collaborative robots.
- Based
on application, material handling is expected to hold a majority share of
the global collaborative robots market which is implemented in several
end-use industries. The general assembly is another segment that is
projected to have a fair share in the market growth.
- The
electronics and Semiconductors industry is projected to have a significant
share in the global collaborative robots market. Demand for high speed and
precision work fulfilled by collaborative robots is benefitting the
industry on a large scale.
Collaborative Robots Market: Vendor Insights
The report highlights some of the prominent market players,
who have established themselves as leaders in the global collaborative robots
market. A few examples of key players in the market are Universal Robots A/S,
AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli
International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB
Group, Yaskawa Electric Corporation and K2 Kinetics among others. The global
collaborative robots market is significantly dominated by some players holding
prominent shares of the market. These players are indulging in strategic
alliances, collaborations, mergers and acquisitions. For instance, ABB Group
announced a collaboration with Kawasaki Heavy Industries Ltd. to share
knowledge and are working on joint technical and awareness opportunities.
Comments
Post a Comment