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ALBANY, N.Y. , May 19, 2022 /PRNewswire/ -- Enormous prospects of collaborative robots in logistics notably for pick-and-place applications have steered sizable sales year-after-year. A study by TMR takes a closer look at collaborative robot technology and applications, and has found that autonomous mobile robots have expanded the room for R&D in collaborative robot market. The authors of the study have estimated the global valuation to reach US$ 33.95 Bn in 2031.

Multiple industries are growing their initiatives to exploit several benefits of collaborative robots in warehousing and fulfilment processes such as in increasing the operational efficiency, workers' safety and productivity, and overall flexibility of the facilities. The benefits have spurred the installations of logistic collaborative robots worldwide. The trend of development and deployment of autonomous mobile robots (AMR) in diverse industries is growing, thus extending the use case of collaborative robot for the factory of the future.

A slew of machine learning tools, sensors, and cutting-edge camera technologies are fuelling new revenue possibilities of collaborative robots. A comprehensive guide offered by Transparency Market Research assist the stakeholders in understanding the future technology directions in the collaborative robot market. Furthermore, industrial robots are gaining new commercialization avenues in the electronics, healthcare, consumer goods, and food & beverages industries.

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Key Findings of Collaborative Robot Market Study

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Collaborative Robot Market: Key Drivers

Collaborative Robot Market: Regional Growth Dynamics

Collaborative Robot Market: Key Players

A number of robotics manufacturers are keenly aiming at emerging markets by offering the customers cost-effective collaborative robot products.  Some of the key players in the market are Yaskawa America, Inc., Techman Robot Inc., Stäubli International AG, Omron Corporation, Mitsubishi Electric Corporation, FANUC America Corporation, Denso Wave Incorporated, Bosch Rexroth AG, and ABB Ltd.

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Global Collaborative Robot Market: Segmentation

Collaborative Robot Market, by Payload

Collaborative Robot Market, by Application

Collaborative Robot Market, by End-use Industry

Collaborative Robot Market, by Region

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