$4.28 Bn Collaborative Robots Market, 2023 - Market Growth at CAGR of 56.9%

DUBLIN, September 26, 2017 /PRNewswire/ --

The "Collaborative Robots Market by Payload Capacity (Up to 5 kg, Up to 10 kg, Above 10 kg), Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymer, Food & Agriculture, Healthcare), Application, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.


The overall collaborative robots market is expected to be worth USD 4.28 Billion by 2023, growing at a CAGR of 56.94% between 2017 and 2023.

The collaborative robots market is expected to grow substantially owing to the significant traction from small and mid-sized enterprises (SMEs) worldwide because of recognizable benefits of co-bots; reduced total cost of ownership to buyers (compared with other low-payload industrial robots); and one-stop solution for safe working environment while offering advanced industrial automation solutions to end-user industries.

The collaborative robots market based on payload capacity has been segmented into up to 5 kg, up to 10 kg, and above 10 kg. On the basis of application, the market is segmented into assembly, pick and place, machine tending, quality testing, handling, packaging and palletizing, gluing and welding, lab analysis, painting and polishing, screw driving, and injection molding. Segmentation on the basis of industry includes electronics, automotive, metals and machining, plastics and polymer, food and agriculture, furniture and equipment, healthcare, scientific research, logistics (3PL), education, consumer goods, and die cast and foundry robots.

The co-bots with up to 5 kg payload capacity held the largest market size in 2016, and the same trend is expected to continue between 2017 and 2023. The growth of the market is mainly driven by the increasing demand for light as well as moderate payload capacity co-bots owing to their ease of deployment, high adaptability, affordability, and plug and play characteristics, which are some of the essential parameters that meet the demands of a large pool of SMEs.

The automotive industry accounted for the largest share of the collaborative robots market in 2016. Co-bots are used to perform diversified assembly tasks across the automotive industry. These robots are also used to perform other crucial tasks in the automotive production line pick and place, quality inspection, packaging and palletizing, machine tending, and material handling while offering safe working environment.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Human-Robot Collaborative Operational Environment (Qualitative)

7 Components of Collaborative Robots (Qualitative)

8 Collaborative Robots Market, By Payload Capacity

9 Collaborative Robots Market, By Application

10 Collaborative Robots Market, By Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

    --  ABB
    --  Energid Technologies Corporation
    --  F&P Robotics AG
    --  FANUC Corporation
    --  KUKA AG
    --  MRK-Systeme GmbH
    --  Precise Automation, Inc.
    --  Rethink Robotics
    --  Robert Bosch GmbH
    --  Universal Robots A/S

For more information about this report visit https://www.researchandmarkets.com/research/fdj3xz/collaborative

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SOURCE Research and Markets