Collaborative Robots Market Worth 4.28 Billion USD by 2023

India - English

• USA - English

According to the market research report "Collaborative Robots Market by Payload Capacity (Up to 5 kg, Up to 10 kg, Above 10 kg), Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymer, Food & Agriculture, Healthcare), Application, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to be worth USD 4.28 Billion by 2023, growing at a CAGR of 56.94% between 2017 and 2023. The multifold growth is attributed to high ROI rates and low price of collaborative robots leading to growing attraction from SMEs, and increasing investments in automation by industries to support Industry 4.0 evolution.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 62 Market Data Tables and 39 Figures spread through 214 Pages and in-depth TOC on "Collaborative Robots Market - Global Forecast to 2023"

http://www.marketsandmarkets.com/Market-Reports/collaborative-robot-market-194541294.html
Early buyers will receive 10% customization on report

Market for co-bots with above 10 kg payload capacity expected to grow at highest CAGR during forecast period 

The market for collaborative robots with above 10 kg payload capacity is expected to grow at the highest CAGR between 2017 and 2023. This high growth is mainly attributed to the expected demand for high-payload-capacity collaborative robots in industries such as automotive, furniture and equipment, and metals and machining. The market for co-bots with payload capacity of above 10 kg is still highly nascent and is currently occupied by few market players, namely, FANUC Corporation (Japan), KUKA AG (Germany), and MABI AG (Switzerland). However, considering the competitiveness of co-bots in comparison with available industrial robots while focusing on safety parameters, co-bots with above 10 kg payload capacity are expected to hold significant market attractiveness in the nearest future.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=194541294

Assembly application held largest share of collaborative robots market in 2016 

Assembly, and pick and place applications accounted for the largest and second-largest shares, respectively, of the global collaborative robots market in 2016. However, the market across available application areas is currently analyzed to grow at comparable growth rates between 2017 and 2023 owing to high flexibility of co-bots to perform application-specific tasks by easy reprogramming and changing end effectors (grippers). The assembly application is expected to hold the largest market share by 2023 owing to demand from major industries automotive, electronics, and furniture and equipment, among others.

Automotive industry to lead market, in terms of share, during forecast period 

The automotive industry held the largest share of the global collaborative robots market in 2016. Co-bots are used to perform many assembly tasks, which are extensively used in the automotive industry. These robots are further used to perform various other tasks across the automotive production line pick and place, quality inspection, packaging and palletizing, machine tending, and material handling while deploying and redeploying co-bots in time- and cost-effective manner without impacting the overall layout of the production line.

Europe held largest share of collaborative robots market in 2016 

Europe accounted for the largest share of the market in 2016, followed by APAC and North America. The growth of the market in Europe was driven by strong government support to promote factory automation solutions, thus supporting Industry 4.0 drive. The developed nations, such as the UK, Germany, and France, hold a larger share of the European collaborative robots market. Many authorities in Europe have collectively or independently developed human-robot collaboration and protection guidelines that are driving this market.

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=194541294

Major players in the global collaborative robots market include ABB (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), Universal Robots A/S (Denmark), Rethink Robotics (US), MRK-Systeme GmbH (Germany), Precise Automation, Inc. (US), Energid Technologies Corporation (US), F&P Robotics AG (Switzerland), MABI AG (Switzerland), Techman Robot for Quanta Storage Inc. (Taiwan), Franka Emika GmbH (Germany), AUBO Robotics Inc. (US), YASKAWA Electric Corporation (Japan), Comau S.p.A (Italy), and KAWADA Robotics Corp. (Japan).

Browse Related Reports 

Industrial Robotics Market by Type (Articulated, Cartesian, SCARA, Parallel, Collaborative Robots), Industry (Automotive, Electrical & Electronics, Metals & Machinery, Pharmaceuticals & Cosmetics), and Geography - Global Forecast to 2023

http://www.marketsandmarkets.com/Market-Reports/Industrial-Robotics-Market-643.html

Service Robotics Market by Operating Environment (Aerial, Ground, Marine), Application (Professional, Personal), and Geography (North America, Europe, Asia-Pacific, and Row) - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets