The report, Global Collaborative Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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The analysts forecast global collaborative robots market to grow at a CAGR of 60.3% during the period 2017-2021. At present, collaborative robots are being increasingly adopted by automotive, electrical and electronics and semiconductors, rubber and plastic, and metal processing. Concerns over a slowdown in economic growth of major countries such as China, the US, and Japan and the availability of safety systems in traditional industrial robots are likely to hinder the market growth. The development of safety features such as collision detection algorithm and advances in sensors are the latest innovations in the market.
This report covers the present scenario and the growth prospects of the global collaborative robots market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of collaborative robots.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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According to the report, outsourcing most manufacturing operations to emerging economies such as Mexico and India, which have low labor costs, has a positive influence on the market growth. This deprives growth and development of SMEs of a developed country. Cobots allow these industries to stay competitive despite high labor costs and maintain manufacturing activity in a developed country. This concept is also called reshoring and maintains the balance of manufacturing activity and employment globally. Hence, there is an increased interest among small and medium scale enterprises to incorporate collaborative robots in their factory floor.
Further, the report states that multiple prominences have been given to collaborative robots due to their multiple safety features and lack of expenditure for safety equipment. The common trade for collaborative robots is lower speed and lower payload, unlike traditional industrial robots. However, safety has been a priority even for traditional industrial robots as most OEMs have designed specific safety drives in robot controllers.
