Reports and Insights freshly added a report titled “Collaborative Robot Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Collaborative Robot Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global collaborative robot market in 2022 is estimated for more than US$ 889.1 Mn and expected to reach a value of US$ 17,090.1 Mn by 2030 with a significant CAGR of 44.8%.
Request To Download Sample of This Strategic Report: @ https://reportsandinsights.com/sample-request/1293
Collaborative Robot Introduction
A robot particularly crafted for direct cooperation with a human within a prescribed cooperative workspace is basically known as a collaborative robot or more commonly known as a cobot. In other words, a preserved space where the humans and a robot interact and collaboratively perform assigned jobs simultaneously during an automated operation.
In the present-day world, the modern manufacturing systems are revolutionizing steadily as the system methods, layouts and integration keep changing constantly. Such times call for innovations and collaborative robots or cobots are considered as practical solutions.
Also, collaborative robots are reformulating the robot and human relationship in a whole new manner in the overall manufacturing industry, which is resulting in acceptance and adoption of collaborative robots by all the small and giant companies in the global market.
The human-robot shared workspace can improve their efficiency rapidly as robots have the potential for easy and repetitive handling tasks and on the other hand, humans have exceptional intellectual and cognitive skills for contemplating and adapting to any kind of changes in the operation. Thus, the collaborative robot market is projected to witness significant growth in the forthcoming future.
Collaborative Robot Market Dynamics
The surging financing in the automation of manufacturing procedures all across the world is one of the key drivers, expected to boost the growth of the global collaborative robot market in the approaching years. More importantly, the advent of robots working alongside humans or replacing humans in various applications in numerous industries across the globe and delivering more efficiently is also contributing to the stimulating demand for collaborative robots in the market.
Owing to this, the collaborative robot market is expected to grow swiftly in the near future. Along with that, there are several benefits of human-robot collaboration or collaborative robots such as the blend of robots and humans have a great potential to enhance performance enormously as long as the tasks are optimally divided.
In addition to that, the robot-human combination provides for several different degrees of automation and human intercession. Additionally, the work can be partially automated to a certain extent if a fully automated solution is not affordable or too complicated.
Attributing to such factors, the demand for collaborative robots or cobots is estimated to shoot higher in the near future. Hence, the global collaborative robot market is projected to witness a huge breakthrough during the forecast timeframe.
Explore Full Report with Detail Analysis of Collaborative Robot Market Industry Report – https://reportsandinsights.com/report/global-collaborative-robot-market
Collaborative Robot Market Segmentation
The collaborative robot market is segmented on the basis of payload capacity, application, industry, and region.
By Payload Capacity
Up to 5 Kg
Between 5 and 10kg
Above 10kg
By Application
Assembly
Pick and Place
Material Handling
Packaging and Palletizing
Quality Testing
Machine Tending
Gluing and Welding
Others
By Industry
Automotive
Electronics
Metals and Machining
Plastics and Polymers
Food & Beverages
Furniture and Equipment
Healthcare
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Collaborative Robot Market Key Players
Some of the key participating players in the collaborative robot market are
Universal Robots A/S
Rethink Robotics
ABB
KUKA AG
FANUC Corporation
Robert Bosch GmbH
MRK-Systeme GmbH
Precise Automation, Inc.
Energid Technologies Corporation
F&P Robotics AG
MABI AG
Techman Robot by Quanta Storage, Inc.
Franka Emika GmbH
AUBO Robotics Inc.
YASKAWA Electric Corporation
Comau S.p.A.
KAWADA Robotics Corp.
To view Top Players, Segmentation and other Statistics of Collaborative Robot Industry, Get Sample Report: @ https://reportsandinsights.com/sample-request/1293
About Reports and Insights:
Reports and Insights is one of the leading market research company which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
Contact Us:
Neil Jonathan
1820 Avenue M, Brooklyn
NY 11230, United States
+1-(718) 312-8686
Find Us on Linkedin: www.linkedin.com/company/report-and-insights/