Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

Collaborative Robot (Cobot) Market estimated to be worth $7,972 million by 2026

 



(IT-NEWSWIRE.COM, April 15, 2020 ) The report "Collaborative Robot Market (Cobot) by Payload, Component (End Effectors, Controllers), Application (Handling, Assembling & Disassembling, Dispensing, Processing), Industry (Electronics, Furniture & Equipment), and Geography - Global Forecast to 2026", is expected to grow from USD 981 million in 2020 to USD 7,972 million by 2026, at a CAGR of 41.8%. Collaborative robots are increasingly being adopted by various industries due to advantages such as increased productivity and effective employee utilization, as well as improved workplace safety. Small- and medium-sized businesses manufacturers, especially in developed countries, are expected to quickly adopt collaborative robots, as many of these smaller sized businesses are yet to adopt robotic automation in their production processes. Collaborative robots (cobots) can adapt to changing requirements as they are easily re-deployable and reprogrammable, which benefit small companies. Cobots are being adopted by large manufacturing companies as well for increased cost savings and improving the ergonomic work conditions for workers.



Download PDF Brochure:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194541294



Automotive industry to hold largest share of market throughout forecast period



Cobots in the automotive industry are not only being used by major car manufacturers, but also by numerous OEMs that supply automotive parts to these car manufacturers. As customers are demanding a greater degree of customization in their cars, manufacturers always have to be prepared for changes in their production layout to address changes in customer demands. Therefore, besides the precision and efficiency of traditional industrial robots, flexibility has also become a key factor in the manufacturing process. Cobots are also being used to perform ergonomically unfavorable jobs in the automotive industry. Due to the large-scale and manufacturing ecosystem of the automotive industry, which consists of OEMs and suppliers besides the large automotive companies, it is expected to hold the largest share of the market throughout the forecast period.



Market for assembling & disassembling applications to grow at highest CAGR during forecast period



Cobots are being used for assembly applications for both small and large workpieces. For smaller workpieces, cobots provide a greater degree of repeatability than traditional handheld screwdriving systems providing the right torque and depth, while also having the ability to work alongside workers, speeding up the overall assembly process. For medium and large-sized workpieces, cobots are being used for nut fastening. Hence cobots can perform simple assembly tasks more consistently, while the worker can simply supervise the operation to maintain quality control.



Collaborative robot market in APAC to grow at fastest rate during 2020–2026



The collaborative robot market in Europe is expected to be surpassed by APAC by 2021. This is due to the large scale of manufacturing industries in APAC, especially the automotive, electronics, and metals sectors who are increasingly deploying cobots. China, Japan, and South Korea account for most of the automotive vehicles in APAC, whereas Taiwan, China, and South Korea, account for the largest electrical and electronics manufacturers in the world. Regional players such as Doosan Robotics (South Korea) and Techman Robot (Taiwan) have successfully developed cobots, which can directly compete with cobot manufacturers from Europe. China has houses several low-cost manufacturers such as Elephant Robotics (China), Han’s Robot (China), and Siasun (China) who are driving the growing acceptance of cobots.



Major companies in the collaborative robot market are Universal Robots (Denmark), Techman Robot (Taiwan), FANUC (Japan), KUKA (Germany), Doosan Robotics (South Korea), AUBO Robotics (US), ABB (Switzerland), YASKAWA (Japan), Precise Automation (US), and Rethink Robotics (US). Apart from these, Automata (UK) Productive Robotics (US) are among a few emerging companies in the collaborative robot market.



About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

MarketsandMarkets™

Mr. Sanjay Gupta

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks


Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.
    WebSiteBuilder.GroupWeb.Com

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on GroupWeb.com.

    Emailwire.com/contact.php

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    GroupWeb.com - a Technology News and Resource of GroupWeb Media LLC