- Collaborative robots are light in weight, easy to assemble and can work side by side with humans.
- Operators can swiftly program robotic movements based on logical process steps and using intuitive tools, with no programming experience.
- Asia Pacific held the highest market of collaborative robots globally.
With increasing numbers of manufacturing sectors, the demand for robotics is escalating. Since collaborative robots are lightweight and flexible robots that work side by side with humans safely, increases in the demand for collaborative robots is occurring in manufacturing industries, especially SME (Small Manufacturing Enterprises).
This robotic technology is likely to optimize and support responsive production methodologies. Operators can swiftly program robotic movements based on logical process steps and using intuitive tools, with no programming experience.
This report offers strategic analysis of the global collaborative robot market and the market growth forecast for the period 2018 – 2025. The scope of the report contains competitive analysis of various market segments based on the payloads, application and industries of the collaborative robot market across different geographic segments.
Collaborative robots are designed to help human beings as a guide in specific tasks. In general robots are designed and programmed to operate autonomously wherein collaborative robots operate simultaneously with humans. Light weight of collaborative robots is one of the important factors, due to which, market growth is likely to increase.
Collaborative robots are light in weight, easy to assemble and can work side by side with humans without hampering worker safety. These robots are flexible in nature, which allows them to handle repetitive and short run tasks along with ergonomically difficult tasks. Due to the nature of these robots, they are used in home labs, offices, farms, hospitals, and warehouses, thereby allowing the robots to help in carrying out diverse jobs in a better way.
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The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Middle East & Africa and Latin America
The collaborative robot market is bifurcated based on payload into up to 5 Kg, 6 – 10 Kg and above 10 Kg. Among these segments 6 – 10 Kg accounted for the highest revenue share during the forecast period. They are used in operating heavier tasks that weigh up 10 Kg like palletizing, packaging, pick and place and assembling. This type of robots helps in saving time on production lines where distance is a factor.
On the basis of application, the collaborative robot market is segmented into packaging, material handling, quality testing, assembling, machine tending, welding and others. The material handling segment accounted for the highest market share in the global collaborative robot market. These robots help in controlling and storing of materials in distribution centers, warehouses and are also used for disposal. On the basis of industries the market is bifurcated into automotive, food and beverage, aerospace, plastic and polymers, metals and machining and others.
To support in strategic decision making, the report also embraces competitive profiling of leading players in the industry, their market share in different regions of North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific held the highest market of collaborative robots globally. Presence of numerous number of industries and need for automation is driving the demand of Collaborative Robot market in Asia Pacific region. Additionally, several business strategies adopted by key players has also been deliberated in the report. The market attractiveness analysis is included in the report provide understanding into industry competition and market dynamics.