Collaborative Robots Market anticipated to grow at a CAGR of ~26% during the forecast period of 2019-2029

A new market research study by Future Market Insights on the collaborative robots market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the collaborative robots market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global collaborative robots market is expected to experience substantial growth over the forecast period due to multiple driving factors such as, growing adoption of automation in end-use industry and reduction in labor cost coupled with high precision work and high regional demand for collaborative robots.

To remain ‘ahead’ of your competitors, request for a sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-8641

Estimated to exhibit an impressive CAGR of ~26% during the period 2019-2029, 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.

Collaborative Robots Market – Key Research Findings

1. The global collaborative robots market size in 2018 was valued at ~US 650

2. The collaborative robots market is anticipated to grow at a CAGR of ~26% during the forecast period of 2019-2029.
3. The payload capacity up to 5kg segment of collaborative robots is expected to remain as the most preferred product type segment in the collaborative robots market.
   • The growth of this particular segment can be primarily attributed to the global growth of the collaborative robots market.
4. East Asia is likely to account for more than half of the revenue shares in the collaborative robots industry by the end of 2029.
   • East Asia will continue to be a significant market for collaborative robots manufacturers and distributors, owing to the increasing production and demand for collaborative robots in the automated industry.
5. The electronic and semiconductor segment is likely to continue as the prominent end-use industry, which creates significant growth opportunities for collaborative robots market players.
   • The electronic industry has witnessed significant growth over the recent past. The increased demand for high precision work, accuracy, and easy programing offered by built-in sensitivity of collaborative robots, is expected to propel the demand for collaborative robots.
   • Noteworthy application potential of collaborative robots such as assembly/disassembly, material handling, inspection and testing, stamping, etching and dispensing, are creating an upswing in the collaborative robots market.

Collaborative Robots Market – Key Factors

• Automotive Industry is Propelling the Demand for Collaborative RobotsAutomotive industry is adopting automation at a very fast rate. Implementation of collaborative robots for tedious as well as dangerous jobs to obtain high quality work is being done by OEMs.

  Boosting the pace of production and reduction in labor costs, along with the minimum floor space requirement, are the significant factors leading automotive manufacturers towards the adoption of the collaborative robot technology. The automotive industry, being one of the influential industries, is expected to set the path for the collaborative robots market in the near future.

• Inclination of End-use industries towards Collaborative Robots Boosting the Market GrowthAerospace and electronics industry, where high precision automation is required, are inclined towards collaborative robots. Advantages such as flexibility and speed, coupled with the reduction of ergonomic issues are benefitting these industries on a large scale. Healthcare, food and agriculture, plastic, and pharmaceutical, are among other industries implementing collaborative robots over traditional robots.
• Continually Increasing Applications of Collaborative Robots Boosting the Market GrowthReplacement of repetitive manual tasks with collaborative robots, which provide better finish and precision work, and offer a wide horizon of applications has set trend in the market. Major collaborative robot applications include material handling, assembly/disassembly, welding, painting/spraying, and inspection/testing.

For critical insights on this market, request to ask an expert here @
https://www.futuremarketinsights.com/ask-question/rep-gb-8641

• Countries with Industrial Robot Dominance Facing a Paradigm Shift towards Collaborative RobotsChina, South Korea, and Japan are the significant countries contributing to the growth of the collaborative robots market in the East Asia region. Vietnam, Thailand, and India are prominent countries for the market in the South Asia and Pacific region. Whereas, Europe, Middle East and Africa, Germany, Sweden, France, and Italy, are driving the front wheel of the market. Canada and the U.S are witnessing an upsurge in the collaborative market in the Americas region.

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

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-8641

Collaborative Robots Market- How Growth Will Unfold

The greater awareness at SMEs and the wider adoption by major OEMs have compelled mainstream traditional industrial robots vendors to market their own collaborative robots. To maintain their strong hold in the Collaborative Robots Market, leading stakeholders are focusing on broadening the scope of collaborative robots by introducing a wider range of products.

As the new reality of humans working alongside robots becomes the standard of enhanced performance and improved productivity, the future of collaborative robots looks promising. With a wealth of technological innovation on the horizon, these robots are likely to advance as deep leaning techniques and advanced vision systems which can be integrated into extensive range of applications.