Global Collaborative Robots Market Report and Industry Trends 2017-2021
Market Research Hub( MRH) has recently announced the addition of a fresh report, titled“ Global Collaborative Robots Market 2017-2021” to its report offerings. Global Collaborative Robots Market 2017-2021, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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At present, collaborative robots are being increasingly adopted by automotive, electrical and electronics and semiconductors, rubber and plastic, and metal processing. Concerns over a slowdown in economic growth of major countries such as China, the US, and Japan and the availability of safety systems in traditional industrial robots are likely to hinder the market growth. The development of safety features such as collision detection algorithm and advances in sensors are the latest innovations in the market.
Technavios analysts forecast the global collaborative robots market to grow at a CAGR of 60.3 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global collaborative robots market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of collaborative robots.