LONDON--(BUSINESS WIRE)--Technavio’s global collaborative robots market research report forecasts the market to grow at a CAGR of over 62% during the forecast period.
The technological advances in grippers will be one of the major trends in the global collaborative robots market during 2018-2022. During the forecast period, the manufacturers in the automation and equipment industry will invest in R&D significantly to develop advanced plug-and-play gripper packages, which ensure that the end-users can set up and use collaborative robots with minimal technical knowledge.
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According to Technavio analysts, one of the key drivers for the global collaborative robots market is the increased adoption rate in the SME sector:
Global collaborative robots market: Increased adoption rate in the SME sector
In developed nations, the growth of the SME sector has been hampered due to the outsourcing of manufacturing operations. Collaborative robots are being employed to curtail the high labor cost in the industrial sector to maintain the equilibrium of large, small, and medium scale enterprises in developed nations. Thus, there is an increased interest among SMEs to deploy collaborative robots on their factory floor.
According to a senior analyst at Technavio for research on robotics, “The market is expected to gain traction during the forecast period owing to the increasing demand for applications such as pick-and-place, machine tending, material handling, assembly line, welding, packaging and inspection, particularly from the SME sector.”
Global collaborative robots market: Segmentation analysis
The global collaborative robots market analysis report provides market segmentation by application (material handling, assembly, inspection and testing, welding, and painting and dispensing), by end-user (automotive industry, electronics and semiconductor industry, metal industry, rubber and plastics industry, and F&B industry), and by region (the Americas, APAC, and EMEA). This collaborative robots market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the five major applications, the material handling segment held the largest collaborative robots market share in 2017, contributing to over 43% of the market. This application segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for more than 48% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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