Growing demand from electronics industry for robotics automation will escalate the collaborative robots Market at a CAGR of 46.8%
Published Date : 18/04/2018
Report : Collaborative Robots Market to 2025 - Global Analysis and Forecasts by Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, and Welding) and End-user Industry (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Plastic & Polymers, and Food & Beverage)
Latest market study on "Collaborative Robots Market to 2025 by Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, and Welding) and End-user Industry (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Plastic & Polymers, and Food & Beverage) - Global Analysis and Forecast?, the collaborative robot market is estimated to reach US$ 8979.3 Mn by 2025 from US$ 420.4 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global Collaborative Robot Market (2017-2025)
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Collaborative robots market by end-user industry is segmented into automotive, metal & machinery, electronics, pharmaceuticals, plastic & polymers, food & beverages and others. Others segment includes industries such as aerospace, healthcare, and construction among others. Automotive industry is the most important customer of collaborative robots in the year 2017. Automotive OEM manufacturers heavily relies upon automation in their assembly line as well as automotive component manufacturers also relies upon robotics in their manufacturing process. These reasons have led to the lion's share the automotive industry in adoption of collaborative robots.
The intensifying demand for new electronic products, the necessity to automate fabrication or assembly and the snowballing need for chips, displays, and batteries are the driving factors for the growth of collaborative robots in the electronics industry.
There has been constant development in collaborative robotics industry. Recently, FANUC., has introduced a collaborative robot, which is a CR-4iA collaborative robot equipped with iRVision to pick a product from a bin and present it to visitors. The visitor may stop the robot by tapping on its side, and then with a simple push of a button, the robot will return to picking product from a bin. Also, another leading player Kawasaki Heavy Industries, Ltd. released RS007N and RS007L, in response to rising demand for compact robots in the electronics and food industries.
Some of the leading collaborative robots market players are ABB, Robert Bosch, KuKa Ag, Aubo Robotics, Fanuc, Rethink Robotics, Precise Automation, Inc., Universal Robots, Yasakawa Electric Corporation, TECHMAN Robots and Kawasaki Heavy Industries, Ltd., among others.
The report segments the global collaborative robots market as follows:
Global Collaborative Robots Market - By Payload
Up to 5 Kg
Above 10 Kg
Global Collaborative Robots Market - By Application
Pick & Place
Global Collaborative Robots Market - By End-user Industry
Metal & Machinery
Plastic & Polymers
Food & Beverage
Global Collaborative Robots Market - By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)