Collaborative Robotics Market
Collaborative Robotics Market is expected to reach US$ 8 Billion by 2026 at a CAGR of about 9.5% during a forecast period.
The report segments Global collaborative robotics market by payload capacity, vertical, application and region. Based on type, the collaborative robotics market is classified into Up to 5kg, Up to 10 kg, Above 10 kg. Vertical segment is further divided into Automotive, Electronics, Metal & machining, Plastics & polymer, Food & agriculture.
Report includes in-depth analysis and market forecasting of the applications include assembly, pick & place, machine tending, quality testing, packaging & palletizing.
By region collaborative robotics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Evolving capabilities of edge computing, easier to program, reducing implementation time are the key factors to boost the collaborative robotics market. Collaborative robots are progressing in capability, simultaneously available in cheaper range and widely available in the array of applications. Collaborative robotics provides solution over the safety working environment will turns to increase demand for industrial automation.