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Global Collaborative Robot (Cobot) Market – Analysis and Forecast (2018-2024)

The global collaborative robot or cobot market is expected to reach USD 12.5 billion by 2025, growing at a CAGR of 50.0% during the forecast period. The global collaborative robot or cobot market is one of rapidly growing segment of industrial robotics. The major reason behind the high growth of cobot is growing industrial automation where the assistance of robots with human brain significantly improve the task performance with maximum efficiency and minimum error. The human-robot collaboration permits for numerous levels of automation. Major repetitive tasks performed manually can be partially or fully automated solution based on the requirement, this as a result is driving the demand for collaborative robots in multiple industry segment.<br><br>A collaborative robot or cobot is an intelligent assisting robot specifically designed for direct interaction with a human within a defined collaborative workspace. There is a significant growth in adoption of cobot by small and mid-sized enterprises (SMEs) across the globe.

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Global Collaborative Robot (Cobot) Market – Analysis and Forecast (2018-2024)

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  1. Collaborative Robot (Cobot) Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Collaborative Robot (Cobot) Market The global collaborative robot or cobot market is expected to reach USD 12.5 billion by 2025, growing at a CAGR of 50.0% during the forecast period. The global collaborative robot or cobot market is one of rapidly growing segment of industrial robotics. The major reason behind the high growth of cobot is growing industrial automation where the assistance of robots with human brain significantly improve the task performance with maximum efficiency and minimum error. The human-robot collaboration permits for numerous levels of automation. 

  4. Collaborative Robot (Cobot) Market Growing investment towards automation of industries and rising adoption of robots to perform different applications is giving rise to the integration of cobot in the market. Government as well as private sector is making huge investment in factory automation and improving product quality and machine efficiency are the factors will impact the collaborative robot progression in the market in near future.

  5. Collaborative Robot (Cobot) Market Geographically, APAC, is the largest and fastest growing collaborative robot market surpassing Europe in last two years. Industrial revolution in China, Japan, India and other South-East Asian countries has increased robotics integration in various applications. Further, government and private firm investments in these countries will further up surge the growth of the collaborative robot market in years to come.

  6. Collaborative Robot (Cobot) Market Collaborative robot marketspace is highly competitive with large number of players working aggressively in developing new products at comparatively low price. Key players in the in the collaborative robot market includes some of global leading robotic manufacturers and system integrators. Further, new product development and global expansion are key strategies adopted by the OEMs in the market. For instance, in 2018, Universal Robots extended its distribution partnership with Bizit Systems, Servo Dynamics, MultitradeAsiapac, and T. E. M. Engineering to expand its presence in Asian countries. Some of the key players operating in the collaborative robot market are ABB Ltd., Universal Robots, Rethink Robotics, Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Mrk-Systeme GmbH, Precise Automation, Inc., F&P Robotics AG, and FrankaEmika GmbH.

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