A collaborative robot or cobot can be defined as a machine that work along with employees in industries and assist them in their work rather performing work autonomously. It tracks the work being performed by human in factories and correct them if they deviate or exceed the scope of the task. The continuous advancements in technology such as 3D printing, sensors, artificial intelligence, human-robot interaction (HRI), and software and end-of-arm tooling (EOAT) have made it possible for industries to accommodate robots in their fleet of employees. Collaborative robots are smaller in size, flexible, and user-friendly compared to traditionally immobilized industrial robots. They have wide penetration in light duty applications such as line loading and unloading, material handling, welding, painting, and testing and sorting in industries. They are smart tools to amplify human capabilities and can move at their own like an intelligent assist device (IAD). Cobots use advanced technologies such as torque sensing, collision detection, elastic actuators, and follow instructions without the need for a regular programming. New cobots are designed considering the safety standards for humans formulated by RIA, for instance ANSI/RIA R15.06-2012, safety requirement for robots and robots systems.
The analysts forecast global collaborative robots market to grow at a CAGR of 50.88% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global collaborative robots market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of collaborative robots excluding the cost of software licensing and services.
The report, Global Collaborative Robots Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the Americas, APAC, and EMEA; it also covers the landscape of the global collaborative robots market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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- Rethink Robotics
- Universal Robotics
Other prominent vendors
- Adept Technology
- Precise Automotion
- Yaskawa Motoman
Key market driver
- Demand for automation in SMEs
Key market challenge
- Lack of high power and lighter batteries for robots
Key market trend
- Artificial intelligence and internet of things
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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