1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Collaborative Robots market share research by applications and regions for 2018-2024: Global Market Insights, Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The pick and place application in the collaborative robots market holds high growth potential growth shares and is expected to dominate in the coming years. The high demand for this segment is due to the ease in loading/unloading operations, reduction in human involvement in picking and placing of bulk products, and time-saving as these machines are faster than human laborers. The assembly application segment in the collaborative robots market is expected to gain large revenue and growth shares over the forecast years. This growth is attributed to the easy programming of these systems to carry out assembly operations. These machines can be easily guided and controlled by humans to ensure an effective performance by assembling the correct products in their appropriate places.  Collaborative Robots Market size is driven by the increasing demand for robotics and automation technology in several industry verticals such as e-commerce, retail, and manufacturing sectors. Companies are increasingly implementing automated technologies as a replacement for human labor as they are affordable, easily trainable, and flexible as compared to humans, driving the collaborative robots market. The prices of sensors are declining continuously due to the high penetration of sensor manufacturers and their varied uses ranging from high-end to low-end applications, cutting down the total cost of manufacturing these technologies. The ease of training and the deployment of these systems as compared to traditional and bulky equipment is fueling the collaborative robots market growth. Overview of Collaborative Robots Market

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  A major trend in the industry is the implementation of these systems as human co-workers. The collaboration of human and machines aids in the easier performance of critical operations, simplification of program integration, and standardization in mechanical and electrical operations. By implementing simple interfaces, the technology allows low-skilled personnel to perform tasks such as vehicle painting, placing of components, and packing without having in- depth knowledge and training in machine operations.  The emergence of SMEs all over the world is creating high opportunities for the collaborative robots market growth. These machines are highly efficient in these manufacturing companies by performing complex operations such as assembly, loading/unloading, packaging, sorting, dispensing, and polishing, which provide massive savings in terms of human efforts and the time for performing these operations. For instance, the SMEs in India have been provided by several provisions such as tax exemptions, loans at low rates by Non-Banking Financial Companies (NBFCs), and high reductions in the basic fees required for establishment and renovation of start-ups and SMEs. Continue…

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5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The technologies are highly susceptible to cyber and physical security threats. Malfunctioning and power surges can lead to injuries and loss of human life. However, these problems can be overcome while manufacturing by implementing efficient security systems that limit the force and power of clamps to prepare for the worst-case scenarios, increasing collaborative robots market growth. Hand guiding these robots while performing complex operations on floors is an issue hindering the collaborative robots market growth. The systems move on commands received from controller units, which are sometimes missed, resulting in incorrect operations and damages to the products. These systems require regular technical upgrades, mandating companies to expend large financial funds and negatively impacting the collaborative robots market demand. SMEs and start-ups most often have limited funds and cannot afford timely system upgrades and repairs.  The emergence of gripper technology is driving the collaborative robots market growth as these components can mimic the versatility of a human hand. Such integrations are used in highly complex industrial operations such as manufacturing and production work. The implementation of AI with this technology is an emerging industry trend. AI aids in improving the sensing and collection of data in unstructured environments by using the high computing power. It also helps in increasing the flexibility in navigating new environments and performing new tasks. Continue…

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The above 10 kg load capacity segment in the collaborative robots market is expected to account for the highest demand over the forecast period. The growth of this segment is credited to the high capacity of carrying loads, which reduce the number of cycles for performing loading, unloading, and transporting operations. Additionally, they also deliver higher bulk outputs as compared to the low payload capacity devices. The implementation of this segment requires a lesser number of similar systems as they can perform the task of two or more systems. The 5-10 kg load capacity systems are growing steadily in the collaborative robots market owing to their use in small manufacturers or warehousing companies, which do not have large bulks of products and complex operations.  The U.S. is expected to witness large growth and revenue shares owing to the rapid adoption of the automation and robotics technology. Presence of major manufacturers of these systems and increasing investment power of companies to implement these systems in their environment, drive the collaborative robots market growth. Furthermore, the region also accounts for high labor cost and unavailability of efficient laborers for performing complex operations. India, China, and Japan in the Asia Pacific region is witnessing a high demand for these machines in the recent years. The collaborative robots market growth in China is due to the presence of a large number of manufacturing companies such as consumer electronics and e-commerce companies, which implement these systems in a number of tasks such as assembly, transportation, sorting, and packaging of products. Continue…

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Players in the collaborative robots market include ABB Ltd., KUKA AG., Robert Bosch GmbH, Fanuc Corporation, Rethink Robotics, Omron, and Universal Robots. Several players are adopting new product developments and innovations, mergers and acquisitions, collaborations, and partnerships to sustain a high industry competition and provide advanced technologies to consumers. For instance, in February 2018, Fanuc Corporation announced the acquisition of Life Robotics, a manufacturing company specializing in these systems. This acquisition strengthens the growth in the collaborative robots market by implementing ‘elbow-less’ systems of Life Robotics that consumes less space. Continue…

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