The global Cobots Market is expected to reach USD 9342.8 Million by 2027, according to a new report by Emergen Research. Cobots or Collaborative robots are revolutionizing the human-robot interactions in various end-user industries, including automotive manufacturing, electronics, food & beverage, plastics & polymers, furniture & equipment, healthcare, and logistics industries, among others. Cobots help by functioning side-by-side the human workforce, thereby reducing cost, time, and floor space when compared to traditional robots.
Cobots find extensive usage in applications that
require precision and helps in achieving a faster return on investment (ROI).
For instance, the Franka Emika Panda cobot can perform its operations with a
precision of 0.1 mm, as well as its does not stray from its activities and will
continuously function with the specified constraints such as in case of the
task associated screw tightening, cobots will always accomplish it with the
identical pressure and tension ascertaining quality consistency.
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The benefits provided by cobots in the logistics
industry is a significant factor driving the market demand. The growing pace of
the e-commerce sector plays a crucial role in the demand for cobots to enhance
efficiency while decreasing costs. In
the warehouses, the human workforce doesn’t have to stride the routes for goods
collections; thus, saving labor and time, along with mitigation of errors. From
the customer point of view, it turns out to be faster delivery of goods,
whereas, for workers, it results in shifting attention to other crucial
responsibilities. In 2017, DHL Supply Chain made an announcement about the commencement
of a pilot test with the LocusBots™ cobots. The firm conducted the pilot test
within the facility of a firm dealing in life sciences in Tennessee.
Key participants include FANUC, Aubo Robotics, Universal Robots,
Yaskawa, KUKA, Techman Robot, Precise Automation, ABB, Rethink Robotics, and
Doosan Robotics, among others.
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Payload
Capacity Outlook (Revenue, USD Billion; 2017-2027)
- Less than 5 Kg
- 5 Kg to 10 Kg
- Above 10 Kg
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Handling
- Assembling & Disassembling
- Dispensing
- Welding & Soldering
- Processing
- Others
End
Users Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Electronics
- Plastics & Polymers
- Furniture & Equipment
- Metals & Machining
- Food & Beverages
- Healthcare
- Others
Growing pet possession may be a
major issue resulting in the market growth of the genetic abnormality testing
section. Genetic attribute tests, like tests for coat color, and parentage
tests area unit expected to rise with increasing pet population. what is more,
genetic abnormality tests in eutherian mammal animals also are expected to grow
throughout the forecast amount, to make sure disease-free breed of animals.
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Key questions addressed in the report:
- What are the predominant factors propelling the global Cobots market development?
- Who are the leading distributors, traders, and dealers of this market?
- Who are the key manufacturers in the Cobots business sector?
- What are the significant market opportunities and challenges for the v global market vendors?
- What are the sales and revenue estimations for the leading market players in the Cobots market over the projected period?
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