Press release
Collaborative Robot Market is Slated to Expand at a Stellar 12.20% CAGR through 2031 Owing to Shrinking Skilled Workforce Availability
Collaborative Robot Market Size, Share, Growth Analysis, By Payload(5 kg, 5-10 kg, 10-25 kg, more than 25 kg), By Application(Handling (pick-and-place, material handling, packaging & palletizing, machine tending)), By End-user(Automotive, electronics & semiconductors, metals & machining, plastics & polymers), By Component(Hardware, software), By Region - Industry Forecast 2024-2031
Collaborative Robots Market [https://www.skyquestt.com/report/collaborative-robot-market] size was valued at USD 815.40 million in 2022 and is poised to grow from USD 914.88 million in 2023 to USD 2297.77 million by 2031, growing at a CAGR of 12.20% during the forecast period (2024-2031).
The growing need for better human and machine interaction has led to the inception of collaborative robots. These robots are safe to be deployed and used alongside humans in different environments without causing any harm to them. The rising acceptance of robots in the human world is a key factor that is projected to boost the demand for collaborative robots.
Download a detailed overview:
https://www.skyquestt.com/sample-request/collaborative-robot-market
Emphasis on optimization of the safety of robots to make them safe for use in human environments is crucially driving market growth. Increasing use of artificial intelligence and machine learning to make robots smarter and more aware of their surrounding is also propelling collaborative robot market development. Robotics technology advancements are also crucially shaping the development and sales of collaborative robots. High demand for automation and the dearth of skilled workforce are also opportunities that could help collaborative robot companies make a fortune in the future. Increasing urbanization is also forecasted to alter the global collaborative robot demand outlook in the future.
Development of Innovative New Collaborative Robots with Advanced Capabilities Will be the Focus of Market Players
Collaborative robot manufacturers should focus on improving the safety and efficiency of their products to boost sales. Established companies in the market are launching new initiatives to help start-ups innovate and create novel collaborative robots. Emphasis on AI integration to promote autonomy in collaborative robots will be a key trend for upcoming as well as leading market players going forward. Raising new capital to develop smart collaborative robots is also a common trend among start-ups and new companies to help them stay competitive with established companies.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/collaborative-robot-market
* At the Hannover Messe 2024 event, Delta, a leading power management solutions provider, launched a portfolio of industrial collaborative robots back in April 2024. D-Bot series of collaborative robots are integrated with 24-bit encoders to ensure high precision in applications such as welding, pick & place, palletizing, etc.
* OMRON, a top name in the industrial automation business, announced the launch of a new collaborative robot for the Indian market in August 2023. OMRON TM20 is capable of handling machine tending, material handling, and palletizing operations with a payload of up to 20 kg.
* In July 2023, a San Francisco-based start-up focusing on improving robot interaction called Collaborative Robotics, revealed that it had raised USD 30 million in a Series A financing round led by Sequoia Capital. The freshly raised capital was intended to scale the company's operations and boost the manufacturing of its novel cobots.
* In a bid to stay ahead of the competition, a Danish manufacturer of collaborative robots known as Universal Robots added a new cobot to its product portfolio back in November 2023. The UR30 features a 30 kg payload capacity with a better motion control to allow it to work at fast paces.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/collaborative-robot-market
Collaborative robot companies need to keep innovating and target the integration of advanced technologies to stay competitive in this market. New companies need to invest heavily in product development that could help them stand out from the fierce competition. High investments in adoption of Industry 4.0 trends and automation are slated to primarily drive the overall market growth across the forecast period and beyond.
Related Reports:
Robotics Market [https://www.skyquestt.com/report/robotics-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=collaborative-robot-market-is-slated-to-expand-at-a-stellar-1220-cagr-through-2031-owing-to-shrinking-skilled-workforce-availability]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/collaborative-robot-market
Collaborative Robots Market [https://www.skyquestt.com/report/collaborative-robot-market] size was valued at USD 815.40 million in 2022 and is poised to grow from USD 914.88 million in 2023 to USD 2297.77 million by 2031, growing at a CAGR of 12.20% during the forecast period (2024-2031).
The growing need for better human and machine interaction has led to the inception of collaborative robots. These robots are safe to be deployed and used alongside humans in different environments without causing any harm to them. The rising acceptance of robots in the human world is a key factor that is projected to boost the demand for collaborative robots.
Download a detailed overview:
https://www.skyquestt.com/sample-request/collaborative-robot-market
Emphasis on optimization of the safety of robots to make them safe for use in human environments is crucially driving market growth. Increasing use of artificial intelligence and machine learning to make robots smarter and more aware of their surrounding is also propelling collaborative robot market development. Robotics technology advancements are also crucially shaping the development and sales of collaborative robots. High demand for automation and the dearth of skilled workforce are also opportunities that could help collaborative robot companies make a fortune in the future. Increasing urbanization is also forecasted to alter the global collaborative robot demand outlook in the future.
Development of Innovative New Collaborative Robots with Advanced Capabilities Will be the Focus of Market Players
Collaborative robot manufacturers should focus on improving the safety and efficiency of their products to boost sales. Established companies in the market are launching new initiatives to help start-ups innovate and create novel collaborative robots. Emphasis on AI integration to promote autonomy in collaborative robots will be a key trend for upcoming as well as leading market players going forward. Raising new capital to develop smart collaborative robots is also a common trend among start-ups and new companies to help them stay competitive with established companies.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/collaborative-robot-market
* At the Hannover Messe 2024 event, Delta, a leading power management solutions provider, launched a portfolio of industrial collaborative robots back in April 2024. D-Bot series of collaborative robots are integrated with 24-bit encoders to ensure high precision in applications such as welding, pick & place, palletizing, etc.
* OMRON, a top name in the industrial automation business, announced the launch of a new collaborative robot for the Indian market in August 2023. OMRON TM20 is capable of handling machine tending, material handling, and palletizing operations with a payload of up to 20 kg.
* In July 2023, a San Francisco-based start-up focusing on improving robot interaction called Collaborative Robotics, revealed that it had raised USD 30 million in a Series A financing round led by Sequoia Capital. The freshly raised capital was intended to scale the company's operations and boost the manufacturing of its novel cobots.
* In a bid to stay ahead of the competition, a Danish manufacturer of collaborative robots known as Universal Robots added a new cobot to its product portfolio back in November 2023. The UR30 features a 30 kg payload capacity with a better motion control to allow it to work at fast paces.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/collaborative-robot-market
Collaborative robot companies need to keep innovating and target the integration of advanced technologies to stay competitive in this market. New companies need to invest heavily in product development that could help them stand out from the fierce competition. High investments in adoption of Industry 4.0 trends and automation are slated to primarily drive the overall market growth across the forecast period and beyond.
Related Reports:
Robotics Market [https://www.skyquestt.com/report/robotics-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=collaborative-robot-market-is-slated-to-expand-at-a-stellar-1220-cagr-through-2031-owing-to-shrinking-skilled-workforce-availability]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/collaborative-robot-market
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
