Collaborative Robot Market Application, Innovations, Geography and Global Forecast 2022

 Collaborative Robot Market: Introduction

Transparency Market Research delivers key insights on the global collaborative robot market. In terms of revenue, the global collaborative robot market is estimated to expand at a CAGR of 41.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global collaborative robot market.

The global collaborative robot market is broadly affected by several factors, including rising demand for inspection across a wide range of industries to boost output efficiency and product quality, and exclusive use for material handling in logistics & warehouses.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15536

Collaborative Robot Market: Dynamics

A collaborative robot is specifically designed for direct interaction with a human within a defined collaborative workspace. The collaborative workspace is safeguarded space where the robot and a human can perform tasks simultaneously during automatic operation. Collaborative robots are gaining traction in new markets and automating new applications owing to an increase in innovations in technology. These robots offers easier use and deployment, lighter weights, greater mobility, and lower costs, which lead to increase in adoption of such robots in disrupt applications inside and outside of the factory floor.

The surge in demand for collaborative robots for industrial inspection to boost output efficiency and product quality is driving the market. Collaborative robots (cobots) are gaining traction in quality inspection applications to detect flaws and integrity of an assembly or system. These robots are extensively employed in manufacturing industries to conduct visual inspections on products and assemblies at various stages of the manufacturing process. Transportation and energy & utility industries have extensively adopted these robots to inspect machinery and systems to ensure safe, reliable operations.

Collaborative robots are equipped with 2D or 3D vision sensors and are able inspect several parameters of the single part that is under inspection with full accuracy and precision. These cobots can be utilized for repetitive tasks, thereby protecting human personnel from safety concerns tasks and enables them to focus on more cognitive work. Rise in adoption of collaborative robots by automotive, transportation, metal fabrication, machinery, food & beverage, and agriculture industries, owing to their flexibility, higher productivity and precision feature offerings, is boosting the market.

Buy an Exclusive Research Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=15536&ltype=S

Collaborative Robot Market: Prominent Regions

The collaborative robot market in North America is projected to expand significantly during the forecast period, owing to rising adoption of automation and robotics technology as well as presence of key players in the region, along with their rising investment on research & development. Governments in the region are also encouraging the use of robots by taking the necessary steps to boost adoption of cutting-edge robotics technologies. The National Robotics Initiative (NRI) is a program launched by the U.S. government to improve the country's ability to develop domestic robots and promote research in the sector.

Moreover, rising trend of conversion of current manufacturing jobs to automation due to a decline in numbers of workers in manufacturing & distribution field and the ongoing employee recruitment & retention challenges faced by companies have promoted the adoption on collaborative robots in the region. Additionally, collaborative robots have become one of the primary drivers of Industry 4.0, and their popularity has increased significantly in the past few decades. Collaborative robots outperform industrial robots in terms of productivity, adaptability, versatility, and safety. All these factors are anticipated to drive the market in the region.

Collaborative Robot Market: Key Players

Key players operating in the global collaborative robot market are ABB Ltd., Bosch Rexroth AG, Denso Wave Incorporated, FANUC America Corporation, KUKA AG, Mitsubishi Electric Corporation, Omron Corporation, Rethink Robotics GmbH, Stäubli International AG, Techman Robot Inc., Universal Robots AS, and Yaskawa America, Inc.

Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=15536

Global Collaborative Robot Market: Segmentation

Collaborative Robot Market, by Payload

  • Up to 5 Kg
  • 6 -10 Kg
  • Above 10 Kg

Collaborative Robot Market, by Application

  • Packaging
  • Material Handling
  • Inspection & Quality Testing
  • Assembly
  • Machine Tending
  • Welding
  • Others (Dispensing, Load Transfer, etc.)

Collaborative Robot Market, by End-use Industry

  • Automotive
  • Food & Beverage
  • Aerospace
  • Plastic and Polymers
  • Metals and Machining
  • Logistics
  • Others (Healthcare, Research & Academia, etc.)

Explore Latest Reports by TMR:

Mobility Scooter Market - https://www.prnewswire.com/news-releases/mobility-scooter-market-to-cross-us-2-33-bn-by-2031--says-tmr-study-301472278.html

Electric Hand Dryer Market - https://www.prnewswire.com/news-releases/electric-hand-dryer-market-to-attain-valuation-of-us-5-5-bn-by-2031--finds-tmr-study-301475652.html

Diapers Market - https://www.prnewswire.com/news-releases/diapers-market-to-exceed-us-144-4-bn-by-2031--notes-tmr-study-301479578.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

Comments

Post a Comment

Popular posts from this blog

Automotive Camshaft Market By Characteristics, Analysis, Opportunities And Forecast To 2027

Image
  Camshaft Market: Introduction According to the report, the global automotive camshaft market is projected to surpass ~ US$ 27 Bn by 2027 , expanding at a CAGR of ~3% during the forecast period. Asia Pacific and Latin America are anticipated to witness high growth in vehicle production and subsequently, estimated to boost the camshaft market during the forecast period. Expansion of Camshaft Market Increased adoption of double overhead camshaft (DOHC) engines in order to achieve more power is expected to drive the camshaft market. The DOHC type engine utilizes two camshafts per cylinder block, i.e., 2 camshafts in an inline engine and 4 camshafts in v engine. Increase in the number of camshafts per engine, owing to a rise in the demand for DOHC engine is projected to drive the camshaft market. The expansion of the automotive industry in developing countries such as China, India, Brazil and Mexico is boosting the camshaft market. Vehicle sales are expected to improve in Europe post t
Read more

Multifactor Authentication Market 2020 Opportunities, Future Guidelines, Value Chain Forecast To 2027

Image
The growing need for security across digital platforms has generated humongous demand within the global  multi-factor authentication market . However, digital platforms alone do not account for expansion within this market. Several physical security systems also deploy multi-factor authentication nodes to protect key assets, people, and equipment. Therefore, the growing relevance of multi-factor authentication within various industries shall fetch key revenues for the market vendors. The essence of physical and cyber security lies in creating multiple layers to protect the concerned assets. Therefore, multi-factor authentication has emerged as a launch pad for fostering greater security across various industries. The total volume of revenues within the global multi-factor authentication market is set to touch new heights in the coming times. Transparency Market Research (TMR), in one of its reports, finds that the global multi-factor authentication market would accumulate revenues
Read more

Air Springs Market by Component, Technology, Vertical, and Region - Global Forecast to 2027

Image
  Global Air springs Market: Overview In the automotive industry, the use of air suspension system is extensive and this has substantially increased the demand for air springs in the sector. Besides, the changing conditions of terrain and increased user demand for effortless and convenient driving is anticipated to trigger sales of air springs. This factor is likely to support growth of the global air springs market over the timeframe of analysis, from 2020 to 2030. The growth of the global air springs market is expected to be driven by the aftermarket part of the business as well. After a pre-determined range of driving, it is essential to replace the air springs, which is likely to augur well for the market in the years to come. In addition, several technological developments have brought in new composites and designs that are to be utilized in air springs. These developments are expected to open up new growth avenues for the global air springs market in the years to come. Air spring
Read more