Global Collaborative Robots Market Overview:
The Collaborative Robots Market is projected to grow at a
CAGR of 54.22% during the forecast period. As per the collaborative robots
market research report, the global market for collaborative robots is projected
to grow swiftly by US$3538.46 million by 2023. According to analysts, advancements
in machine learning as well as growing demand for cobots to perform various
repetitive tasks will drive the market growth during the forecast period.
The collaborative robots market research report
offers a comprehensive analysis of the global collaborative robots market and
its application, components, regions, type, vertical, and payload segments. The
high deployment cost along with huge investment demand at the initial stage are
the elements that could influence the collaborative robots market advancement
throughout the forecast period. The collaborative robots market research report
by expert analysts is developed to assist organizations in the collaborative
robots market.
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Market Segmentation
The global collaborative robots market has been
segmented based on application, components, regions, type, vertical, and
payload.
On the basis of application, the market for
collaborative robots is segmented based on assembling, handling, machine
testing, packaging and palettization, quality testing, welding and gluing, pick
and place, and others. Additionally, the market on the basis of components, is segmented
into drives, end effectors, sensors, controllers, and others.
The global market for collaborative robots is also
covered based on type segment which is further split into hand guiding, power
& force limiting, speed & separation, and safety monitored stop.
On the basis of verticals, the market for
collaborative robots is segmented based on aerospace, electronics &
semiconductor, food & beverages, healthcare, manufacturing, metals &
mining, automotive, and others. Additionally, the market on the basis of
payload, is segmented into 5kg, 5kg to 10 kg, and above 10 kg.
Major elements such as technical complexities could
obstruct the collaborative robots market growth. However, according to the
collaborative robots market research report, implementation of artificial
intelligence along with the growing trend for human-robot collaboration will
propel growth throughout the forecast period. The collaborative robots market
is set to register growth at a high CAGR owing to these key factors.
The exploration of application, components, regions,
type, vertical, and payload segments along with regional markets has been given
in the global collaborative robots market research report. The research
analysts studying the collaborative robots market have put out market forecasts
in the collaborative robots market research report in order to support
collaborative robots market-based companies. The collaborative robots market
research report provides an extensive understanding of the collaborative robots
market based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the rest of
the world regional market for collaborative robots are predominantly covered in
the global collaborative robots market research report. Country-level
collaborative robots markets spread across North America – the United States,
Canada, and Mexico are also covered in the report.
In South America – Brazil and other country-level
collaborative robots markets are covered in the report. In Asia-Pacific (APAC)
region, the country-level collaborative robots markets covered are Japan,
India, China, and others. The collaborative robots market research report also
explores the regional market for collaborative robots present in Europe in the
United Kingdom, France, Italy, Spain, and Germany, etc. The collaborative robots
market research report also covers regional markets from the rest of the world
alongside collaborative robots markets of Africa and the Middle East.
Competitive Landscape
Adoption of industry 4.0 standards is expected to
drive the collaborative robots market growth worldwide. The global
collaborative robots market could be challenged by budget restrictions among
small and medium businesses, nevertheless, organizations in the collaborative
robots market will carry the growth rate forward. The collaborative robots
market research report presents company profiles of major companies active in
the collaborative robots market globally. Furthermore, the global collaborative
robots market report offers an all-inclusive analysis of the market collected
from the collaborative robots market’s primary and secondary sources covering
both decision makers and thought leaders. The collaborative robots market
research report highlights such key areas assisting businesses operating in the
collaborative robots market to build better growth strategies.
Industry News
South Korea's first ever thermal management module,
integrated into EV drive and battery components has successfully been developed
by HYUNDAI WIA. HYUNDAI WIA was the first company to create the 'Integrated Coolant
Service Module' (ICSM), an electric vehicle heat management system. This module
will be set on the Electric Modular Platform (E-GMP) of the Hyundai Motor
Group, and mass production will be facilitated by 2023. This is confirmed on
the Battery Electric Vehicle Group (BEV). In order to drive transformation of
the company from power train parts to environment-friendly parts maker, HYUNDAI
WIA aims to use this R&D achievement as a step forward.
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