The global collaborative robot market is expected to grow from $981 million in 2020 to $7972 million in 2026. It is expected to grow at an average annual growth rate (CAGR) of 41% during 2020-2026. Unlike traditional industrial robots, collaborative robots (cobots) provide a fast ROI (6 months in most cases), benefiting both small and medium-sized businesses and large enterprises. This is one of the main drivers of adoption. Along with this, emerging companies offering low-cost cobots and their growing economics are driving more adoption in a variety of industries.
A full report of Collaborative Robot (Cobot) Market is available at: https://www.orionmarketreports.com/collaborative-robots-market/24177/
Collaborative Robot (Cobot) Market Segmentations
By Payload:
• Up to 5 kg
• 5–10 kg
• More than 10 kg
By Component:
• Hardware (Robotic Arm, End Effectors, Drives, Controllers, Sensors, Power Supply, Motors, and Others)
• Software
By Application:
• Handling (Pick and Place, Material Handling, Packaging and Palletizing, and Machine Tending)
• Assembling and Disassembling (Screwdriving and Nut Fastening)
• Welding and Soldering
• Dispensing (Gluing and Painting)
• Processing (Grinding, Milling, and Cutting)
• Others (Inspection and Quality Testing and Die-casting and Molding)
By Industry:
• Automotive
• Electronics
• Metals and Machining
• Plastics and Polymers
• Food & Beverages
• Furniture and Equipment
• Healthcare
• Others
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
