Collaborative Robot Market Analysis

The market is segmented by end user into electronics, automotive, manufacturing, food and beverage, chemicals, and pharmaceutical, out of which, the automotive segment is anticipated to hold the largest share in the global collaborative robot market. This can be accounted to the growing robot innovations taking place in the automotive industry with augmented human capacity and capability. In addition, the significance of robots in industrial automation, including their ability to manage complicated and repetitive tasks with accuracy, even in hazardous environments, is also predicted to drive growth to the market segment in the future. Moreover, on the basis of payload, the up to 5 kg segment is assessed to grab the largest share over the forecast period owing to the lightweight, flexibility, high reliability and ability of collaborating heavier-weight processes.

Our in-depth analysis of the global market includes the following segments