The Ability Of Cobots To Work Effectively With Employees In An Uncaged Environment To Drive Collaborative Robots Market Growth Till 2025: Grand View Research,Inc.

The global collaborative robots market is expected to reach USD 6.77 billion by 2025, according to a new report by Grand View Research, Inc. 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.

Browse full research report on Collaborative Robots Market: http://www.grandviewresearch.com/industry-analysis/collaborative-robots-market

Further key findings from the report suggest:

  • Cobots are enormously deployed in small and medium-sized enterprises owing to the high adaptability and affordability
  • Cobots with above 10kg payload capacity are expected to grow significantly owing to their capability of handling higher payload capacity tasks
  • The material handling segment dominated the market share in 2015 and is expected to grow significantly over the projected period owing to the increasing adaptability and deployment in SMEs
  • The automotive segment dominated the cobots market and is expected to maintain the dominance over the next four years owing to the well-established automotive industry base in the emerging region
  • The Asia Pacific collaborative robots market is projected to witness a significant growth over the forecast period, owing to the growing demand in the handling application and automotive industries
  • The key players in the collaborative robots market include KUKA AG (Germany), FANUC Corporation (Japan), ABB Ltd. (Switzerland), Universal Robots (Denmark), and Robert Bosch GmbH (Germany)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/display-technologies

Grand View Research has segmented the collaborative robots market based on payload capacity, application, industry, and region:

Payload Outlook (Transaction Revenue, USD Billion, 2014 - 2025)
  • Up to 5kg
  • Up to 10kg
  • Above 10kg
Application Outlook (Transaction Revenue, USD Billion, 2014 - 2025)
  • Assembly
  • Pick & Place
  • Handling
  • Packaging
  • Quality Testing
  • Machine Tending
  • Gluing & Welding
  • Others
Industry Outlook (Transaction Revenue, USD Billion, 2014 - 2025)
  • Automotive
  • Food & Beverage
  • Furniture & Equipment
  • Plastic & Polymers
  • Metal & Machinery
  • Electronics
  • Pharmaceuticals
  • Others
Regional Outlook (Transaction Revenue, USD Billion, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


For more information: http://www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Industrial Display Market Is Predicted To Grow Swiftly Due To Growing Complexity Of Industrial Operations & Processes Till 2025: Grand View Research, Inc.

Image
The global  industrial display market   is expected to reach USD 7.26 billion by 2025, according to a new report by Grand View Research, Inc. Due to the growing complexity of industrial operations and processes, the use of industrial displays has become crucial to simplify operational tasks and provide technologically advanced features. Human Machine Interfaces (HMIs) and other displays possess the ability to respond to the changing production demands and closely monitor the production processes, thereby decreasing the downtime and increasing workforce efficiency. A well-designed HMI enables line of sight into the system, which allows the operator to control or maintain the machine and enhance productivity. OLED displays are expected to gain prominence on account of their enhanced picture quality and low power consumption. The technology is widely used in digital signage and display boards to indicate the operational status at factory floors. Solution providers ...
Read more

Fiber Optic Connector Market Is Projected To Witness Growth Based On Increased Demand From Healthcare, Railway,Defense & Aerospace Sector Till 2025:Grand View Research,inc.

The global  fiber optic connector market  is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. The fiber optics segment is expected to grow, significantly, over the forecast period. Fiber optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defense & aerospace, and oil & gas sectors. The technology is under constant R&D and aims to develop low-cost applications and technological solutions for the mass market. The fiber optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services. The growing penetration of the fiber optics technology is encouraging manufacturers and suppliers to invest in research & development for developing better products. Researchers are focusing on innovating reliable and cost-e...
Read more

Industrial Microwave Heating Equipment Market Is Witnessing Significant Growth Owing To Increasing Efficiency Of Industrial Microwave Heating Devices 

Image
The global  industrial microwave heating equipment market  size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% during the forecast period. Increasing adoption of magnetrons and RF solid state amplifiers in various end-use industries such as food, paper, plastic, and wood and derivatives is anticipated to positively affect market growth. These high-efficiency products are poised to witness significant rise in demand in the coming years owing to their long operating life, low maintenance requirements, and low power consumption. Surging demand for RF solid state amplifiers is estimated to drive the overall market. They are likely to replace magnetrons over the forecast period due to benefits they offer, such as enhanced operating life, high precision output power control, frequency tuning, and fast frequency hopping. Moreover, the product has undergone several technological advancements over...
Read more