Post Covid-19 Update: Collaborative Robot Market To Reach USD 25.8 Billion By 2027 | CAGR 48.9% — Forencis Research

  • According to the new market research report “Collaborative Robot Market by Load Capacity (Up to 5KG, 5 to 10KG, 10 to 15 KG, More Than 15KG), by Type (Power and Force Limiting, Safety Monitored Stop, Speed and Separation, Hand Guiding), by Component (Hardware (Motors, Drives, Sensors, Controllers, Power Supply, Others), Software, Services), by Application (Quality Inspection, Pick and Place, Injection molding, CNC, Packaging and Palletizing, Assembly, Polishing, Machine Tending, Screw Driving, Lab Analysis & Testing, and Gluing, Dispensing, Welding), by End User (Automotive, Healthcare, Electronics & Semiconductor, Aerospace & Defense, Oil & Gas, Metal & Mining, Manufacturing, Food & Beverages, Logistics, Others)by Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2019 to 2027)”, the global Collaborative Robot market is estimated to reach USD 25.8 Billion by 2027 at a CAGR of around 48.9% during the review period.
  • Variety of models, greater technical abilities, accessible talent, and ease of integration resulting in decreasing labor cost are expected to drive the collaborative robot market during the forecast period
  • Less capabilities related to faster repeatability and cycle time will hamper the growth of the market during upcoming years
  • Growing trend for human-robot collaboration, lightweight & mobility, ease of use, is expected to grow the market during the next seven years
  • Moreover, increasing the adoption of machine learning and artificial intelligence technologies are expected to fuel the growth of the market
  • However, the initial installation cost for low volume production applications will hinder the growth of the market during the upcoming years
  • Increasing demand for a high payload capacity of collaborative robots can become an opportunity for the market
  • Asia-Pacific
  • Europe
  • Fanuc Corporation:
  • ABB:

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