The Potential Impact of Coronavirus (COVID-19) for Collaborative Robots Market to 2025 | latest in a long line of innovations in automation technology for industrial applications

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.

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Key players :

ABB,Robert Bosch,KuKa Ag,Aubo Robotics,Fanuc,Rethink Robotics,Precise Automation, Inc.,Universal Robots,Yasakawa Electric Corporation,TECHMAN Robots,Kawasaki Heavy Industries, Ltd.

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.

Collaborative robots market by end-user industry is segmented into automotive, metal & machinery, electronics, pharmaceuticals, plastic & polymers, food & beverages and others. Others segment includes industries such as aerospace, healthcare, and construction among others.

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What the report features:-

1. Global analysis of Collaborative Robots Market from 2017 - 2027 illustrating the progression of the market.
2. Forecast and analysis of Collaborative Robots Market by Dosage, Route of Administration and Application from 2017 - 2027.
3. Forecast and analysis of Collaborative Robots Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Collaborative Robots Market.
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Collaborative Robots Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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This release was published on openPR.