According to Technavio’s latest market research study, the global collaborative robots market is expected to grow at a CAGR of more than 60% during the forecast period 2017-2021.
This market research report by Technavio provides an in-depth analysis of the global collaborative robots market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
Source: Technavio
Click here to request a free sample of this report
The top three revenue contributing application segments are discussed below
Global collaborative robots market by material handling: Material handling involves a wide range of operations such as machine feeding, loading and unloading, packing, palletizing, and disengaging. Collaborative robots represent a balance of flexibility and technical skill, which facilitates material handling and taking advantage of the human expertise and skills. During the forecast period, the increased adoption of these robots in the automotive industry is expected to add to the demand for collaborative robots for material handling.
“Leading golf equipment manufacturers design and develop innovative golf equipment according to the rules set by the Royal and Ancient Golf Club, the global ruling authority on golf, and other regional golf associations,” says Bharath Kanniappan, a lead analyst at Technavio for research on robotics.
Global collaborative robots market by general assembly: General assembly is a complex, tedious, and often unsafe process on the factory floor due to close proximity with heavy machinery. As a result, industrial robots, especially collaborative robots are being employed for assembly purposes in automotive companies such as General Motors, BMW, and Ford.
Global collaborative robots market by painting: Painting robots are equipped with explosion proof arms and a self-contained paint system that can control all spray parameters including fluid flow, voltage, atomization air, and fan air. The projected rise in demand from end-user segments such as metal processing and electrical and electronics and semiconductors industries will propel the growth of the global collaborative robots market for painting purposes.
Ask an analyst to know more about this report
Top vendors operating in the global collaborative robots market are:
- ABB
- FANUC
- KUKA
- Universal Robots
Other prominent vendors in the market include Alfa Robot, ARBURG, DLR, ENGEL, EPSON, Hans Hundegger, HARMO, Honda, iRobot, Kawada Industries, Kawasaki Robotics, Nachi-Fujikoshi, OMRON Adept Technologies, Rethink Robotics, Sepro Group, Staubli, TecnoMatic Robots, WITTMANN, Yamaha Robotics, and Yaskawa Motoman.
A more detailed analysis is available in the Technavio report titled, ‘Global Collaborative Robots Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Patient Monitoring and Assistance Robots Market 2017-2021
- Global Educational Robots Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
