DUBLIN--(BUSINESS WIRE)--The "Collaborative Robots Market to 2025 - Global Analysis and Forecasts by Payload, Application and End-user Industry" report has been added to ResearchAndMarkets.com's offering.
The global collaborative robots market accounted for US$ 420.4 Mn in 2017 and is expected to grow at a CAGR of 46.8% during the forecast period 2018 - 2025, to account for US$ 8979.3 Mn by 2025.
As per the application segment, the assembly is expected to dominate the market, for the forecasted period. Currently, majority of the collaborative robots deployments are taking place in automotive industry, where their major function is to assist human workers with assembly of automotive parts. Collaborative robots are most preferred by smaller and medium organizations as they are cost efficient and efficiently streamline the hibernating processes. However, larger organizations occupy the majority share in the market as they were the early adopters and invest significantly into the market.
Key trend which will predominantly effect the market in coming year is advancement in robotics industry. In the coming years as machine learning algorithms and other technologies such as neuromorphic chips improvise their capabilities to enable smarter robots, the collaborative robots in the near future would be able to perform the tasks that only humans can do at the moment, in fact in a better way. These robots will then be able to access a plethora of database and recognize machines, people and parts, further enabling them to derive critical insights and act upon them. This in coming future is anticipated to be a key trend for the collaborative robots. In addition, the players in this industry are significantly investing in the development of collaborative robots integrated with artificial intelligence and machine learning
Key Topics Covered:
1 Tables & Figures
3 Key Takeaways
4 Collaborative Robots Market Landscape
5 Global Collaborative Robots Market - Key Market Dynamics
6 Collaborative Robots Market - Global
7 Global Collaborative Robots Market Analysis - by Payload
8 Global Collaborative Robots Market Analysis - by Application
9 Global Collaborative Robots Market Analysis - by End-User Industry
10 Global Collaborative Robots Market - Geographical Analysis
11 Industry Landscape
12 Competitive Landscape
13 Global Collaborative Robots Market - Key Company Profiles
- Robert Bosch
- KuKa Ag
- Aubo Robotics
- Rethink Robotics
- Precise Automation, Inc.
- Universal Robots
- Yasakawa Electric Corporation
- TECHMAN Robots
- Kawasaki Heavy Industries, Ltd.
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