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Collaborative robots market insights shared in detailed report

IT Market Research

This research delves into the possible growth opportunities for the global Collaborative Robots market and the chronological growth of the market throughout the forecast period.

Industry Highlights

Latest market study on “Cobots Market – Global Analysis and Forecast”, the Cobots Market is projected to witness a significant growth propelled by the significant adoption of cobots by small and mid-sized enterprises (SMEs) across the globe due to the considerable benefits of cobots such as decreased total ownership cost for buyers in comparison to other low-payload industrial robots, unique solution offering for safe working environment along with industrial automation solutions to different industry verticals.

The cobots above 10kg payload capacity are estimated to grow significantly owing to their capability of handling immense tasks with high precision and reliability. Assemble and pick & place application are expected to witness significant growth over the forecast period owing to their high flexibility for performing application-specific tasks with easy programming and changing end grippers.

The assembly application growth is attributed to the growing demand in major industries which include electronics, automotive, and furniture & equipment.