The global collaborative robots market is estimated to top US$ 1.71 Billion by the end of 2022. The introduction of advanced robots capable of working with humans in areas like smart parts assembly and electronics component production and assembly are fueling the demand for collaborative robots.
Estimated to exhibit an impressive CAGR of ~26% during the period 2023 to 2033, the growing automotive and electronic & semiconductors industry, incessant technological advancements, and enhanced range of applications of collaborative robots will remain instrumental to the market growth, according to the FMI analyst.
Request Sample Report: Empower Your Industry Understanding with Invaluable Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-8641
The East Asia Market Creating Significant Growth Opportunities
East Asia region is projected to boost the growth of the collaborative robots market, owing to the significant rate of automation across industries. South Korea is the leading country in robots per 10,000-person ratio, whereas China has currently registered the highest growth rate in the same ratio. The inclination of these countries toward collaborative robots fueled by significant innovations in technology is magnifying the market. Japan holds a major share of the market in the East Asia region. To that end, East Asia is expected to generate substantial growth opportunities in the forecast years.
Top Market Players of the Collaborative Robots Market
- Universal Robots A/S
- AUBO Robotics
- Fanuc Corporation
- Stäubli International AG
- Robert Bosch GmbH
- KUKA AG
- Precise Automation Inc.
- Denso Wave Incorporated
- ABB Group
- Yaskawa Electric Corporation
- K2 Kinetics
Collaborative Robots Market Key Segment
By Payload Capacity
- Up to 5kg
- 5-10kg
- Above 10kg
By Application
- Welding
- Material Handling
- Quality Testing/Inspection
- General Assembly
- Painting/Spraying
- Others (Surgery, Cleaners, Institutional)
By End-Use
- Automotive & Transportation
- Electronics & Semiconductors
- Food & Beverage
- Chemical & Pharmaceutical
- Logistics
- Healthcare
- Others (Plastic, Metal & Machinery, Furniture & Equipment
By Region
- Americas
- EMEA
- South Asia & Pacific
- East Asia
Affordable Price and Multitude of Applications of Collaborative Robots Contributing to the Market Growth
The global collaborative robots market has been segmented based on the different types of payload capacities, their multiple applications, end-use industry and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
- Collaborative robots with payload capacity up to 5kg are projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5-10kg payload capacity collaborative robots.
- Based on application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in several end-use industries. The general assembly is another segment that is projected to have a fair share in the market growth.
- The electronics and Semiconductors industry is projected to have a significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.
Unlock Exclusive Market Segments Insights: Buy Now to Discover Vital Trends, Drivers, and Challenges in this Industry
https://www.futuremarketinsights.com/checkout/8641
Collaborative Robots Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the global collaborative robots market. A few examples of key players in the market are Universal Robots A/S, AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB Group, Yaskawa Electric Corporation and K2 Kinetics among others. The global collaborative robots market is significantly dominated by some players holding prominent shares of the market. These players are indulging in strategic alliances, collaborations, mergers and acquisitions. For instance, ABB Group announced a collaboration with Kawasaki Heavy Industries Ltd. to share knowledge and are working on joint technical and awareness opportunities.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
