The global collaborative robots market is expected to reach USD 6.77 billion by 2025. The growing interest of Small and Medium-sized Enterprises (SMEs), owing to the low price of cobots, is projected to increase the deployment over the forecast period.
The application of cobots in industries such as automotive, furniture and equipment, metal and machining, plastic and polymers, and food and beverages is expected to drive the market growth over the projected period. The increasing focus of OEMs and consumers on safety of operations, such as gluing and welding, pick & place, and machine tending, is expected to propel cobots' growth.
Collaborative robots apply advanced technologies, which include collision detection, torques sensing, and elastic actuators, for completing tasks in an efficient manner. The material handling segment is expected to witness a significant growth over the forecast period owing to the rising investments in setting up new manufacturing facilities. The presence of existing manufacturing facilities, decreasing ergonomic hazards for workers, and increasing adoption of cobots for packaging is projected to fuel the market for handling application.
The rising industrial automation in emerging regions such as Asia Pacific and the growing trend of precision and rise in safety-rated manufacturing in developed regions, such as Europe and North America, would enhance the industry growth. Furthermore, regulations for mitigating the imminent collisions and the need for safety fences between human and robots are also important factors for growth. The automotive segment is expected to be the major revenue generating segment owing to the well-established automotive market in China and Japan and the growing demand of passenger cars over the forecast period.
- ABB Group
- Epson Robots
- FANUC Corporation
- KUKA AG
- Precise Automation, Inc.
- Rethink Robotics, Inc.
- Robert Bosch GmbH
- Universal Robots A/S
- Yaskawa Electric Corporation
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Collaborative Robots Market Variables, Trends & Scope
4 Collaborative Robots Market Payload Capacity Estimates & Trend Analysis
5 Collaborative Robots Market Application Estimates & Trend Analysis
6 Collaborative Robots Market Industry Estimates & Trend Analysis
7 Collaborative Robots Market Regional Estimates & Trend Analysis
8 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/j6bwrr/collaborative
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/collaborative-robots-market-to-reach-677-billion-by-2025---driven-by-rising-industrial-automation-in-emerging-regions---research-and-markets-300411673.html
SOURCE Research and Markets