Global Collaborative Robots (COBOTS) Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

Global Collaborative Robots (COBOTS) Market, or collaborative robots, are robots specifically designed for direct human-robot interaction within a shared space, or where humans and robots are in close proximity. According to MarkNtel Advisors’ research report titled “Global Collaborative Robots (Cobots) Market Analysis, 2020”, the market size of Global Collaborative Robots market in terms of value is forecast to grow at a CAGR of around 45% during 2020-25, owing to the increasing investments by the manufacturers on automation of processes, market expansion across geographies and the business sectors, and converting their conventional processes into unmanned, automated processes. Furthermore, the technological advantages of the Cobots over the traditional industrial robots in terms of efficient human-machine interface (HMI), one-stop solution, and non-restricted, multi-variant functionalities across varied application areas has been boosting the Global Collaborative Robots market.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Collaborative Robots (COBOTS) Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

Rising Traction Toward Automation Driving Heavy Sales of Cobots in Automotive Industry
The demand for industrial collaborative robots is expected to grow across the different end user industries in the years to come, as a result of operational advantages witnessed by the verticals in terms of high return on investments (ROI), easy assembling of the industrial products, higher assistance to the workforce, improved production efficiency, reducing operational cost, as revealed by Markntel Advisors’ research report on “Global Collaborative Robots (Cobots) Market Analysis, 2020”. In 2019, the automotive sector held the largest market share in the global Cobots market, followed by electrical and electronics industry. The increasing adoption of the automation in the automotive industry with the main focus toward reducing time & cost and convenient material handling is spurring the market for robotic material handling equipment in the automotive industry.

However, despite their high intelligence and improved functionality, the Cobots lack the ability of cognitive learning, based on the unpredictable human behavior and thought, which is creating a restriction to develop a true collaborative environment. Also, the stringent rules and standards designed by the International Organization for Standards, and the American National Standards Institute regarding the human-robot collaborative operations, specifying the speed, power, stopped-state monitoring, and hand guiding are limiting high-speed operational efficiency of the Cobots.

Assembling and Disassembling Application Segment Holding the Leading Position
The Assembly and Disassembling application of the Collaborative Robots market is expected to attain the highest CAGR during the forecast period and maintain its significant market share. However, with the integration of the AI and machine learning tools in cobots, the other application segments such as testing and inspection, molding and polishing segment are expected to grow in the near future. Also, due to the high pay load capacity of the Cobots, the demand for the collaborative robotic material handling equipment is increasing in the aligned industries, that would surge the market size of the Global Collaborative Robots market.

According to MarkNtel Advisors, the key market players in the Collaborative Robots Markets with substantial market share includes ABB, AUBO Robotics, Bosch Rexroth AG, F&P Robotics, Comau, Denso Robotics, Fanuc, Kuka, Nachi Robotic, Precise Automation, etc.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Collaborative Robots (COBOTs) Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Collaborative Robots (COBOTs) Market?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Glossary
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- Interview Excerpts of 10 industry experts
4. Global Collaborative Robots (COBOTs) Market Outlook, 2015-2025F
4.1. Market Size & Analysis
4.1.1. By Units Sold
4.1.2. By Revenues

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