Boston, MA -- (SBWIRE) -- 03/09/2017 -- 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.

Technavio's 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.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Get More Details on this Report and a Full Table of Contents at Global Collaborative Robots Market 2017-2021

Technavio's report, Global Collaborative Robots Market 2017-2021, has been prepared based on an in-depth 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.

Key vendors

-ABB
-FANUC
-KUKA
-Universal Robots

Other prominent vendors

-Alfa Robot
-ARBURG
-DLR
-ENGEL
-EPSON
-Hans Hundegger
-HARMO
-Honda
-iRobot
-Kawada Industries
-Kawasaki Robotics
-Nachi-Fujikoshi
-OMRON Adept Technologies
-Rethink Robotics
-Sepro Group
-Staubli
-TecnoMatic Robots
-WITTMANN
-Yamaha Robotics
-Yaskawa Motoman

Market driver

-Increased adoption of collaborative robots by SMEs
-For a full, detailed list, view our report

Market challenge

-Availability of safety systems in traditional industrial robots
-For a full, detailed list, view our report

Market trend

-Advances in robot technologies
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ABB, FANUC, KUKA, Universal Robots, Alfa Robot, ARBURG, DLR, ENGEL, EPSON, Hans Hundegger, HARMO, Honda, iRobot, Kawada Industries, Kawasaki Robotics, Nachi-Fujikoshi, OMRON Adept Technologies, Rethink Robotics, Sepro Group, Staubli, TecnoMatic Robots, WITTMANN, Yamaha Robotics, Yaskawa Motoman

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