Collaborative robotic systems Market Global Opportunity Analysis and Industry Forecast, 2017-2023
obots are programmed & designed to operate autonomously, wherein collaborative robots operate simultaneously with humans. Such robots are designed to help humans as a guide in specific works such as home labs, offices, farms, hospitals, and warehouses. Collaborative robots are lighter in weight, easy to assemble, and can work side by side with humans sans hampering the safety of the human. These robots are flexible in nature that allows to handle repetitive and short run tasks along with ergonomically difficult tasks. The ability to work in tandem with the human workforce in an absolutely safe manner, growing demand for automation in industries, and the falling prices of computer processing capacities & sensors drive the global collaborative robotic systems market. However, the slow rate of cycle time impedes the market growth. Low prices of collaborative robots and higher returns on investments offer a major opportunity for the market expansion.
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