Collaborative Robots Market Analysis, Share, Size, Trends, Market Growth, Segments and Forecasts to 2027 | Impact of COVID-19

 Overview

The collaborative robots market is projected to grow at a CAGR of 54.22% during the forecast period. As per the collaborative robots market research report, the global market for collaborative robots is projected to grow swiftly by US$3538.46 million by 2023. According to analysts, advancements in machine learning as well as growing demand for cobots to perform various repetitive tasks will drive the market growth during the forecast period. The Collaborative Robots Market research report offers a comprehensive analysis of the global collaborative robots market and its application, components, regions, type, vertical, and payload segments. The high deployment cost along with huge investment demand at the initial stage are the elements that could influence the collaborative robots market advancement throughout the forecast period. The collaborative robots market research report by expert analysts is developed to assist organizations in the collaborative robots market.

Key Players

The prominent players in the collaborative robot are FANUC Corporation (Japan), Rethink Robotics (US), MRK-Systeme GmbH (Germany), ABB (Switzerland), KUKA AG (US), Universal Robots A/S (Denmark), Precise Automation, Inc. (US), Energid Technologies Corporation (US), F&P Robotics AG (Switzerland), MABI AG (Switzerland), KAWADA Robotics Corporation (Japan), Universal Robots (Denmark), Techman Robot (Taiwan), YASKAWA Electric Corporation (Japan), and Robert Bosch GmbH (Germany).

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Segmentation

The global collaborative robots market has been segmented based on application, components, regions, type, vertical, and payload. On the basis of application, the market for collaborative robots is segmented based on assembling, handling, machine testing, packaging and palettization, quality testing, welding and gluing, pick and place,  and others. Additionally, the market on the basis of components, is segmented into drives, end effectors, sensors, controllers, and others. The global market for collaborative robots is also covered based on type segment which is further split into hand guiding, power & force limiting, speed & separation, and safety monitored stop. On the basis of verticals, the market for collaborative robots is segmented based on aerospace, electronics & semiconductor, food & beverages, healthcare, manufacturing, metals & mining, automotive, and others. Additionally, the market on the basis of payload, is segmented into 5kg, 5kg to 10 kg, and above 10 kg.

Major elements such as technical complexities could obstruct the collaborative robots market growth. However, according to the collaborative robots market research report, implementation of artificial intelligence along with the growing trend for human-robot collaboration will propel growth throughout the forecast period. The collaborative robots market is set to register growth at a high CAGR owing to these key factors. The exploration of application, components, regions, type, vertical, and payload segments along with regional markets has been given in the global collaborative robots market research report. The research analysts studying the collaborative robots market have put out market forecasts in the collaborative robots market research report in order to support collaborative robots market-based companies. The collaborative robots market research report provides an extensive understanding of the collaborative robots market based on the information and forecasts till 2023.

Collaborative Robots Global Market - Regional Analysis

North America, Europe, Asia Pacific and the rest of the world regional market for collaborative robots are predominantly covered in the global collaborative robots market research report. Country-level collaborative robots markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level collaborative robots markets are covered in the report. In Asia-Pacific (APAC) region, the country-level collaborative robots markets covered are Japan, India, China, and others. The collaborative robots market research report also explores the regional market for collaborative robots present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The collaborative robots market research report also covers regional markets from the rest of the world alongside collaborative robots markets of Africa and the Middle East.

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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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