Industrial, Manufacturing & Heavy Industry Market News

Europe emerge leading sector of cobots market with share of over 40%

Industrial Market Research

The global collaborative robots (Cobots or Co-robots) market was valued at USD 145.3 Million in 2016 and is expected to witness enormous growth over the forecast period. The force-limited joint is the unique feature of cobots which has been designed to identify forces due to impact and respond quickly.


Market Highlights

The market is expected to witness significant growth owing to the substantial traction because of reduced total cost of ownership and benefits associated with co-bots from small and medium size enterprises. The significant growth of cobots is spurred by three key markets which include electronic manufacturers’ service companies and electronics manufacturers, manufacturers seeking optimized agile production methodologies and SME’s.