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Executive Summary 


Collaborative robots, also known as cobots, are revolutionizing the world of automation and transforming the way humans and machines work together. Unlike traditional industrial robots that operate in isolated environments, cobots are designed to interact and collaborate with humans in shared workspaces, opening up new possibilities for increased productivity, safety, and efficiency.


Cobots are being deployed across a wide range of industries, including manufacturing, healthcare, logistics, and agriculture, among others. In manufacturing, cobots are streamlining production lines by performing repetitive and physically demanding tasks, such as assembly, pick and place operations, and quality control. By offloading these tasks to cobots, human workers can focus on more complex and value-added activities, leading to improved productivity and job satisfaction.


The future of collaborative robots, or cobots, is filled with exciting possibilities and advancements. One key trend shaping the future of cobots is the incorporation of advanced Artificial Intelligence (AI) and Machine Learning algorithms. By harnessing the power of AI, cobots will become even smarter and more adaptable, learning and adapting to new tasks and environments more quickly. This will significantly enhance their capabilities, making them more efficient and versatile in performing a wide range of tasks.


According to research, the collaborative robots (cobots) market has experienced significant growth in recent years and is projected to continue expanding in the coming years. The global collaborative robots market was valued at approximately $780 million in 2020, and the cobots market is expected to grow at a compound annual growth rate (CAGR) of over 30% from 2021 to 2026.


Currently, Europe holds the largest market share for cobots, followed by North America and Asia Pacific. The growth in cobot adoption is driven by factors such as advanced manufacturing capabilities, favorable government initiatives, and the need for automation.


Aruvian Research presents an analysis of the global cobots market in its research report Global Market for Collaborative Robots 2023. The report begins with an introduction to collaborative robots. We look at the various attributes associated with cobots, such as exploring what is force limited robots, what is the payload of cobots, what is the significance of robot weight, and also the parts and presentation of cobots. This section also looks at the types of robot-human collaboration that exist and also at the levels of human-robot collaboration.


Section C of the report looks at the global market for collaborative robots including industry revenue and a brief look at how the industry is likely to shape up in the coming years.


Cobots versus traditional industrial robots are analyzed and the sections look at how cobots are a step above industrial robots when it comes to getting the work done. The section also looks at the safety component, ease of programming, agility factor of cobots, and also the ideal applications for cobots as opposed to industrial robots.


The report also provides a section dedicated to helping buyers to buy the perfect cobot for their business. Various factors that need to be considered before buying a cobot are discussed in section E.


Section F analyzes the various collaborative robots that are in use today. The section analyzes over 30 of the popular cobots available in the market today including, ABB's Yumi, BioRob by Bionic Robotics, several cobots manufactured by Fanuc, the Speedy series by MABI, and many others.


The report concludes with an analysis of several of the major players who are involved in the manufacturing of collaborative robots. Players analyzed include ABB, Bionic Robotics, FANUC, Kawasaki, Kawada Industries, KUKA, Universal Robots, and many others. Nearly 20 players are analyzed in the report.

Global Market for Collaborative Robots

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