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The ​Global Cobots Market​ is anticipated to attain a valuation of USD 9432.8 million by 2027, according to the latest research analysis by Emergen Research. Collaborative robots, also called cobots, transform the way humans and robots interact in several industry verticals such as automotive, electronics, plastics and polymers, healthcare, logistics, and manufacturing. Cobots function alongside the human workforce and drastically reduce the cost, time, and area occupied as compared to traditional robots. Cobots are extensively deployed in an application where precision is necessary, thereby increasing the pace of return on investment. For instance, the Franka Emika Panda cobot performs the tasks with a 0.1 mm precision and continually performs the assigned task.
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The ongoing COVID-19 pandemic, which began in late 2019, has massively impacted the industrial sector across the globe, with a drastic impact on the manufacturing and production facilities, due to the implementation of social distancing rules and restrictions in the workforce. Cobots offer a highly effective, cost-efficient, and reliable way for firms seeking to automate their facilities, thereby decreasing manual labor dependence. Amid the coronavirus pandemic, the cobots prove incredibly essential to the manufacturers to protect their workflow while simultaneously following restrictions and rules.

Key Findings from the Report:

·       Based on the regional analysis, Europe accounted for the maximum market size in 2019 and is anticipated to report a CAGR of 37.2% throughout the forecast period. The region’s dominance can be attributed to expanding several end-use industries such as automotive and logistics, healthcare, and others.

·   Moreover, enhanced optimization in the manufacturing sector has resulted from workflow automation due to the rapid deployment of cobots.

·       Some of the prominent players operating in the industry are Precise Automation, FANUC, Aubo Robotics, Universal Robots, Yaskawa, KUKA, Techman Robot, ABB, Rethink Robotics, and Doosan Robotics, among others.

·       In 2019, FANUC America, a leading robotics company, launched a series of innovative cobots for arc wielding operations and have been developed to work side-by-side with the human workforce without protection.

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For the purpose of this study, Emergen Research has segregated the Global Cobots Market based on payload capacity, end-user, application, and regions:

Payload Capacity Outlook (Revenue, USD Billion; 2017-2027)

·       Less than 5 Kg

·       5 Kg to 10 Kg

·       Above 10 Kg

Application Outlook (Revenue, USD Billion; 2017-2027)

·       Handling

·       Assembling & Disassembling

·       Dispensing

·       Welding & Soldering

·       Processing

·       Others

End-User Outlook (Revenue, USD Billion; 2017-2027)

·       Automotive

·       Electronics

·       Plastics & Polymers

·       Furniture & Equipment

·       Metals & Machining

·       Food & Beverages

·       Healthcare

·       Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)

·       North America

o   U.S.

o   Mexico

o   Canada

·       Europe

o   Germany

o   Italy

o   U.K.

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of APAC

·       Latin America

o   Brazil

o   Chile

o   Argentina

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of MEA

Key Features of the Report:

·        Holistic view of the Cobots market and key segments

·        Examination and identification of the growth prospects, market drivers and trends, and potential opportunities

·        Assessment and analysis of the micro and macro-economic factors

·        Competitive landscape benchmarking

·        Extensive regional analysis

·        Product types and application spectrum segmentation and analysis

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