What is Co-Robots Robotics Market?
Over the past decades, individual solutions of a very different kind have been developed in co-robots in care and support and provide information with regard to human-robot interaction and communication. Co-Robots Robotics, are an essential part of factories, they work closely with the fitters in the automotive sector, and everyone does what they do best. However, these robots are not only useful in logistics and production but also in the service sector, especially where proximity between them and the users is desired or unavoidable. Moreover, Co-Robots Robotics has been an important development in the robotics industry - the first automation technology that allows safe operation directly alongside human workers. There are four types of collaborative robots that have been emerged in a relatively short time span and more are likely to emerge as the industry matures. Now experts are increasingly relying on co-robots and teaching them the special tasks that are involved in care or therapy is thus the demand for Co-Robots Robotics is booming in the market.
The market study is being classified by Type (Safety Monitored Stop, Speed and Separation, Power and Force Limiting and Hand Guiding), by Application (Handling, Assembling and Disassembling, Welding and Soldering, Dispensing, Processing and Others) and major geographies with country level break-up.
Universal Robots (Denmark), Techman Robot (Taiwan), FANUC (Japan), KUKA (Germany), Doosan Robotics (South Korea), AUBO Robotics (United States), ABB (Switzerland), YASKAWA (Japan), Precise Automation (United States), Rethink Robotics (United States) and MABI Robotic (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Franka Emika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland) and Robert Bosch (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Co-Robots Robotics market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Co-Robots Robotics market by Type, Application and Region.
On the basis of geography, the market of Co-Robots Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing adoption among various industries
- Affordability and increased ease of programming of collaborative robots
- The increasing aging population and shortages of healthcare workers are driving the demand for Co-Robots Robotics
Market Trend
- Technological innovations, concerning cognition, interaction, and manipulation, have made robotics more appealing
Restraints
- High Cost associated with Co-Robots Robotics
Opportunities
- Co-Robots Robotics to benefit businesses of all sizes
Challenges
- Adapting to new collaborative robot standards
Market Leaders and some development strategies
In June 2020, Caterpillar, Inc. announced the acquirement of the US-based robot and autonomy technology solutions company Marble Robot, Inc. The acquisition will help Caterpillar to leverage the deep expertise of the new team to bring scalable solutions to meet the changing needs of construction, quarry, industrial and waste industries. Caterpillar is a leading manufacturer of large-scale equipment for sectors such as construction, mining, and transportation.
In December 2019 Toshiba Japan-based company has launched and Toshiba Machine has announced the launch of two new collaborative robots at the International Robot Exhibition (IREX) — the world’s leading robot show, held at the Tokyo Big Sight, Japan. Expanding on the company’s extensive range of industrial robots, the announcement was supported by the company’s official robot distributor for EMEA and America, TM Robotics.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Co-Robots Robotics Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry