The global market for collaborative robots is expected to grow at a CAGR of 60.04% between 2016 and 2022 from USD 110.0 million in 2015 and reach USD 3.3 Billion by 2022. The market is expected to be driven by the growing demand because of higher return on investment and low price of collaborative robots that are attracting the small and medium sized enterprises (SMEs), and the increase in investments for automation in industries.
The application in the automotive industry accounted for the largest share of the collaborative robot market in 2015 and this trend is expected to continue during the forecast period. However, the increasing installations of collaborative robots in the automotive industry and furniture & equipment industry would provide rapid growth between 2016 and 2022, especially in the Asia-Pacific region.
Europe accounted for the largest share of the global collaborative robots market in 2015. Owing to the early adoption and strict regulations along with safety standards developed by International Organization for Standardization (ISO) and Robotic Industries Association (RIA), the installation of collaborative robots has increased in various applications in Europe. Asia-Pacific accounted for the second-largest market for collaborative robots in 2015 and is expected to surpass Europe by 2018. Asia-Pacific and RoW regions are expected to offer high growth potential for the collaborative robots during the forecast period for various industries.
- ABB (Asea Brown Boveri) Ltd.
- Kuka Ag
- Fanuc Corporation
- Robert Bosch Gmbh
- Universal Robots A/S
- Rethink Robotics, Inc.
- MRK-Systeme Gmbh
- Precise Automation, Inc.
- Energid Technologies Corporation
- F&P Robotics Ag
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Collaborative Robots Market, By Payload Capacity
8 Human-Robot Collaborative Operational Environment
9 Components Used in Collaborative Robots
10 Collaborative Robots Market, By Application
11 Collaborative Robots Market, By Industry
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/vdgh7z/collaborative
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SOURCE Research and Markets