Collaborative Robot Market Growth Report 2022-2027

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Global Collaborative Robot Market Research Report:

According to the latest report by IMARC Group, titled “ Collaborative Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 022-2027

” the global collaborative robot market reached a strong growth in 2021.

A collaborative robot, alternatively known as a cobot, is a robot that is capable of learning various tasks to facilitate direct human-robot interaction in a shared space. It relies on cognitive computing, machine vision, and touch and mobile technologies. Collaborative robot models remain aware of their surroundings through demonstration and reinforcement learning. They consume less energy in comparison to their larger autonomous counterparts and utilize collision detection technologies to avoid injuring human coworkers. Collaborative robot variants also minimize errors, increase productivity, and offer enhanced operating results. Consequently, they find extensive applications across several sectors, including electronics, automotive, manufacturing, food and beverage (F&B), etc.

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Global Collaborative Robot Market Trends :

The emerging trend of industrial automation, especially across developing countries, and the rising demand for high payload capacity robot models are among the key factors driving the collaborative robot market. In addition to this, the integration of torque and force sensing technologies in these robot variants is also positively influencing the global market.

Moreover, the rising usage of cobots in the manufacturing process, such as on the assembly lines and welding, is acting as another significant growth-inducing factor. Besides this, the increasing need for user-friendly robots that do not require a highly skilled workforce to carry out operations is further augmenting the market growth. Additionally, the growing requirement for cobot applications in the packaging sector to enhance production rates and in the logistics industry to handle complicated work processes is anticipated to propel the collaborative robot market in the coming years.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

AUBO (Beijing) Robotics Technology Co. Ltd.

DENSO WAVE Incorporated (Denso Corporation)

Doosan Robotics Inc. (Doosan Group)

Fanuc Corporation

Kawasaki Heavy Industries Ltd.

KUKA AG (Midea Group)

Omron Corporation

Precise Automation Inc. (Brooks Automation Inc)

Rethink Robotics GmbH

TechMan Robot Inc. (Quanta Storage Inc.)

Universal Robots (Teradyne Inc)

Yaskawa Electric Corporation.

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