The Collaborative Robots Market to 2025 – Global Analysis and Forecast by includes payload, application, and end-user industry, collaborative robots market is expected to grow US$ 8979.3 Mn by 2025 from US$ 420.4 Mn in 2017. . Collaborative Robots, also referred as Cobots, or human-robot collaboration are robots that are designed to help humans as an assistor or guide in a specific task. The advent of collaborative robots has enabled a trustworthy working environment where humans can safely work alongside robots, and are comparatively portable and easily programmable. Since past few years the collaborative robots were being prominently demonstrated and displayed, and according to our study and forecast the market has begun to prove that the trend of collaborative robots is emerging.

Some of the remarkable partnership and collaboration in this industry are collaboration between Nokia and Bosch to develop robots that can be controlled wirelessly over a 5G connection. Instead of the controls for the robot being mounted on its body, they are placed on a handheld tablet that can display information about the machine, along with physical safety switches like the emergency stop button. This reduces duplication, because you don’t need to have multiple emergency stop buttons in different spots around the robot, and increases safety. Apart from this, YASKAWA Electric Corporation reached an agreement to enter into a contract to acquire shares of DOOLIM Robotics Co., Ltd.

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Furthermore, significant acceleration for the demand for collaborative robots is attributed to the continuing trend toward automation, and continuous technical improvements in collaborative robots. On the basis of geography, European region is holding the largest market share in 2017, which is more than 1/3rd of the total market. The region is highly developed and several major automotive manufactures have facilities spread all across Europe. Being an early adopter of technology, the adoption of collaborative robots in Europe by the industries particularly, automotive is the major reason for the region’s dominance.

However, APAC is the second largest market for collaborative robots, followed by Europe. Furthermore, the APAC region is also growing at a fastest CAGR of 51.4% and is anticipated to hold the largest market share in 2025.

With the presence of largest electronic fabrication plants as well as automotive manufacturing plants in the APAC region, the growth of collaborative robot’s market is expected to flourish year-on-year. Growth in the electrical or electronic industry is one of the major growth factor of collaborative robots. The automotive industry is estimated to hold a lion’s share of the total collaborative robot’s market in the year 2017 and is expected to continue its dominance till 2025.