The Collaborative Robots Market size was valued at USD 1.21 billion in 2022 and is expected to grow to USD 11.06 billion By 2030 and grow at a CAGR of 31.87 % over the forecast period of 2023-2030.
Collaborative robots, also known as Cobots, are advanced humanoid robots designed to work alongside human operators in challenging environments, all while maintaining their mobility and productivity. These robots are equipped with various safety features, including integrated sensors, passive compliance, and overcurrent detection, to ensure safe interaction with humans. One notable safety feature is the built-in sensors that can detect external pressures. If the force exerted on the robot exceeds a certain threshold, it immediately halts its movement, preventing any potential harm to nearby humans. This proactive approach to safety is crucial in maintaining a secure working environment. collaborative robots leverage a combination of cutting-edge technologies, such as artificial intelligence and machine learning, to navigate complex and ever-changing real-world surroundings. By analyzing sensor data in real time, these robots can make informed decisions and adapt to dynamic situations on the fly. collaborative robots are revolutionizing the way humans and machines work together. With their advanced safety features, adaptability, and ability to enhance productivity, these robots are paving the way for a future where humans and robots can coexist and thrive in demanding environments.
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Drivers
Robots that work together to assist businesses of all sizes
Significant Return on Investment on Cobot Use to Accelerate Market Development
Cobots have a good return on investment when compared to other types of industrial robots. Their significant return on investment is enticing to small and medium-sized firms, as is the prospective expansion of robot installation in many countries. Furthermore, the cost of installing collaborative robot-additional hardware surpasses the cost of the robot itself, but the cost of deploying ordinary industrial robot-additional hardware does not. As a result, the total cost of standard industrial bots, including additional hardware and components, is greater than that of cobots. Furthermore, cobots are becoming less expensive, easier to operate, and less difficult to train with. This will primarily give organizations additional possibilities for cobots. It will also allow industries of all sizes and scales to remain competitive by using the newest sensors, plug-and-play technology, and automated robot programming from CAD data.
Restrains
Lack of Skilled Workforce.
High initial investment.
The global market is expected to grow considerably over the forecast period. However, there are additional factors that may impact development. For example, the initial high cost of procurement, integration, programming, accessories, and maintenance, among other things, may limit expansion. Furthermore, a lack of skilled personnel in undeveloped and developing countries is a crucial problem impacting progress. Furthermore, rigorous government regulations might be viewed as a major impediment to global market expansion.
Opportunities
After COVID-19, there is a growing desire for automation in the healthcare profession.
The COVID-19 pandemic has accelerated the usage of robots in the healthcare industry. During the pandemic, autonomous robotic machines were employed to clean patient rooms and operating rooms. Several hospitals deployed robots to enforce facemasks and social-distancing requirements as well as spray disinfectant. In certain hospitals, robots were trained to utilize a thermal camera to check people in order to limit the spread of COVID-19. Because of the pandemic, the usage of robots for disinfection applications has increased dramatically. Because the virus is extremely contagious, patient rooms must be sanitized to prevent infection from spreading to other patients and medical personnel. These robots are proven to be quite effective in a variety of tasks ranging from cleaning rooms to delivering medication to assessing vital signs. These robots, which are equipped with a sophisticated vision system, can assess skin temperature, breathing rate, pulse rate, and blood oxygen to aid in the early detection of infections.
Challenges
Adapting to new collaborative robot standards and increasing cybersecurity threats in linked robots
The conflict could disrupt supply chains between Russia and Ukraine, leading to delays or interruptions in the production and distribution of collaborative robots. This can affect the availability of components and materials, causing challenges for manufacturers in meeting customer demands. The geopolitical tensions and instability caused by the war can create uncertainty in the market. Businesses may become hesitant to invest in new technologies like collaborative robots due to the unpredictable situation. This could result in a slowdown in the adoption of these.
In times of geopolitical instability and uncertainty, businesses often seek ways to increase efficiency and reduce reliance on external factors. The war could drive companies to focus more on automation and robotics to mitigate risks associated with human labor shortages or disruptions caused by the conflict. This, in turn, may lead to increased adoption of collaborative robots in industries seeking to improve productivity and reduce dependence on geopolitical stability.
Impact of the Recession
The impact of a recession on the Collaborative Robots (cobots) market can be significant, as economic downturns generally affect various industries and business sectors. During a recession, businesses may reduce their spending and investments, including automation technologies like collaborative robots. Companies may delay or cancel their plans to adopt cobots due to financial constraints or a cautious approach to expenses. This can lead to a decrease in demand for cobots, affecting the market growth. In a recession, businesses become more cost-conscious and seek ways to cut expenses. This can lead to increased price sensitivity among potential buyers of cobots. As a result, cobot manufacturers may face increased pressure to offer competitive pricing, reducing profit margins. Price reductions can make cobots more affordable for some businesses, but it may impact the profitability of manufacturers and hinder market growth. The impact of a recession on the cobot market can vary across industries. Some industries, such as automotive manufacturing or electronics, may experience a more significant decline in demand during a recession. Consequently, cobot manufacturers targeting these industries may face more challenges in sustaining their market share and sales.
By Payload
Up to 5 Kg
5-10 Kg
Above 10 Kg
By Component
Hardware
Software
By Application
Handling
Welding and Soldering
Assembling & Disassembling
Dispensing
Processing
Others
By Industry
Automotive
Electronics
Metals & Machining
Plastics and Polymers
Food and Beverages
Furniture and Equipment
Healthcare
Others
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Due to the presence of Chinese-approved and unauthorized firms functioning in this industry field, growing industrial output, rising small and medium enterprises, and other reasons, the Asia Pacific region is likely to develop fast in the next years. Furthermore, increased demand for customized machinery and automobiles in this sector, which needs high precision and rapid manufacturing capability, is contributing to market development. Furthermore, due to the expansion of manufacturing industries, China is predicted to increase dramatically. Furthermore, due to the simple availability of inexpensive labor, weak environmental and safety restrictions, low manufacturing prices, and government guidelines favoring FDIs, the region's industries have gained a competitive edge, allowing APAC to maintain its dominant position as an industry leader. With rising manufacturing sectors, government intervention to promote SMEs, the introduction of smart factories Industry 4.0, and other causes, North America is expected to grow fast over the projected period. Europe is expected to dominate worldwide market growth over the projection period. Proactive government support for factory automation technologies such as Industrial Revolution 4.0, smart factories, and others is projected to promote the region's economy. Furthermore, significant funds are being committed to collaborative robotics research and development, which is propelling the sector ahead.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are Precise Automation, Inc., Robert Bosch GmbH, ABB Group, Universal Robots A/S, DENSO Robotics, F&P Robotics AG, Epson Robots, KUKA AG, AUBO Robotics, Energid Technologies Corporation, Fanuc Corporation, Comau S.p.A., MRK-Systeme GmbH, Rethink Robotics, Inc., Yaskawa Electric Corporation, Techman Robot Inc., MABI Robotic AG, Franks Emika Gmbh, and others in the final report.
FANUC America Corporation (US), a prominent provider of CNCs, robotics, and ROBOMACHINES, will announce a West Campus expansion in July 2022, increasing its operational area in Oakland County, Michigan to approximately two million square feet. A 655,000-square-foot state-of-the-art building will be built to accommodate manufacturing, engineering, and R&D projects.
Universal Robots A/S (Denmark) added a new 20-kilogram cobot named the UR20 to its product line in June 2022. A payload capacity of 20kg (44.1 lbs. ), which is 4kg greater than UR's previous greatest load capability of 16kg with the UR16e cobot. 1750mm reach, which is 450mm longer than the previous greatest UR cobot reach of 1300mm with the UR10e.
| Report Attributes | Details |
| Market Size in 2022 | US$ 1.21 Bn |
| Market Size by 2030 | US$ 11.06 Bn |
| CAGR | CAGR of 31.87 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Payload (Up to 5 Kg, 5-10 Kg, Above 10 Kg) • By Component (Hardware, Software) • By Application (Handling, Welding and Soldering, Assembling & Disassembling, Dispensing, Processing, Others) • By Industry (Automotive, Electronics, Metals & Machining, Plastics and Polymers, Food and Beverages, Furniture and Equipment, Healthcare, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Precise Automation, Inc., Robert Bosch GmbH, ABB Group, Universal Robots A/S, DENSO Robotics, F&P Robotics AG, Epson Robots, KUKA AG, AUBO Robotics, Energid Technologies Corporation, Fanuc Corporation, Comau S.p.A., MRK-Systeme GmbH, Rethink Robotics, Inc., Yaskawa Electric Corporation, Techman Robot Inc., MABI Robotic AG, Franks Emika Gmbh |
| Key Drivers | • Robots that work together to assist businesses of all sizes • Significant Return on Investment on Cobot Use to Accelerate Market Development |
| Market Restraints | • Lack of Skilled Workforce. • High initial investment. |
Ans: The Asia Pacific region is dominating the Collaborative Robots Market.
Ans: The Collaborative Robots Market is to grow at a CAGR of 31.87% Over the forecast period of 2023-2030.
Ans: The Collaborative Robots Market size was valued at USD 1.21 Bn in 2022.
Ans: The forecast period for the Collaborative Robots Market is 2023-2030.
Ans: The major players are Precise Automation, Inc., Robert Bosch GmbH, ABB Group, Universal Robots A/S, DENSO Robotics, F&P Robotics AG, Epson Robots, KUKA AG, AUBO Robotics, Energid Technologies Corporation, Fanuc Corporation, Comau S.p.A., MRK-Systeme GmbH, Rethink Robotics, Inc., Yaskawa Electric Corporation, Techman Robot Inc., MABI Robotic AG, Franks Emika Gmbh, and others in the final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Collaborative Robots Market Segmentation, By Payload
8.1 Up to 5 Kg
8.2 5-10 Kg
8.3 Above 10 Kg
9. Collaborative Robots Market Segmentation, By Component
9.1 Hardware
9.2 Software
10. Collaborative Robots Market Segmentation, By Application
10.1 Handling
10.2 Welding and Soldering
10.3 Assembling & Disassembling
10.4 Dispensing
10.5 Processing
10.6 Others
11. Collaborative Robots Market Segmentation, By Industry
11.1 Automotive
11.2 Electronics
11.3 Metals & Machining
11.4 Plastics and Polymers
11.5 Food and Beverages
11.6 Furniture and Equipment
11.7 Healthcare
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Collaborative Robots Market By Country
12.2.2 North America Collaborative Robots Market By Payload
12.2.3 North America Collaborative Robots Market By Component
12.2.4 North America Collaborative Robots Market By Application
12.2.5 North America Collaborative Robots Market By Industry
12.2.6 USA
12.2.6.1 USA Collaborative Robots Market By Payload
12.2.6.2 USA Collaborative Robots Market By Component
12.2.6.3 USA Collaborative Robots Market By Application
12.2.6.4 USA Collaborative Robots Market By Industry
12.2.7 Canada
12.2.7.1 Canada Collaborative Robots Market By Payload
12.2.7.2 Canada Collaborative Robots Market By Component
12.2.7.3 Canada Collaborative Robots Market By Application
12.2.7.4 Canada Collaborative Robots Market By Industry
12.2.8 Mexico
12.2.8.1 Mexico Collaborative Robots Market By Payload
12.2.8.2 Mexico Collaborative Robots Market By Component
12.2.8.3 Mexico Collaborative Robots Market By Application
12.2.8.4 Mexico Collaborative Robots Market By Industry
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Collaborative Robots Market By Country
12.3.1.2 Eastern Europe Collaborative Robots Market By Payload
12.3.1.3 Eastern Europe Collaborative Robots Market By Component
12.3.1.4 Eastern Europe Collaborative Robots Market By Application
12.3.1.5 Eastern Europe Collaborative Robots Market By Industry
12.3.1.6 Poland
12.3.1.6.1 Poland Collaborative Robots Market By Payload
12.3.1.6.2 Poland Collaborative Robots Market By Component
12.3.1.6.3 Poland Collaborative Robots Market By Application
12.3.1.6.4 Poland Collaborative Robots Market By Industry
12.3.1.7 Romania
12.3.1.7.1 Romania Collaborative Robots Market By Payload
12.3.1.7.2 Romania Collaborative Robots Market By Component
12.3.1.7.3 Romania Collaborative Robots Market By Application
12.3.1.7.4 Romania Collaborative Robots Market By Industry
12.3.1.8 Hungary
12.3.1.8.1 Hungary Collaborative Robots Market By Payload
12.3.1.8.2 Hungary Collaborative Robots Market By Component
12.3.1.8.3 Hungary Collaborative Robots Market By Application
12.3.1.8.4 Hungary Collaborative Robots Market By Industry
12.3.1.9 Turkey
12.3.1.9.1 Turkey Collaborative Robots Market By Payload
12.3.1.9.2 Turkey Collaborative Robots Market By Component
12.3.1.9.3 Turkey Collaborative Robots Market By Application
12.3.1.9.4 Turkey Collaborative Robots Market By Industry
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Collaborative Robots Market By Payload
12.3.1.10.2 Rest of Eastern Europe Collaborative Robots Market By Component
12.3.1.10.3 Rest of Eastern Europe Collaborative Robots Market By Application
12.3.1.10.4 Rest of Eastern Europe Collaborative Robots Market By Industry
12.3.2 Western Europe
12.3.2.1 Western Europe Collaborative Robots Market By Country
12.3.2.2 Western Europe Collaborative Robots Market By Payload
12.3.2.3 Western Europe Collaborative Robots Market By Component
12.3.2.4 Western Europe Collaborative Robots Market By Application
12.3.2.5 Western Europe Collaborative Robots Market By Industry
12.3.2.6 Germany
12.3.2.6.1 Germany Collaborative Robots Market By Payload
12.3.2.6.2 Germany Collaborative Robots Market By Component
12.3.2.6.3 Germany Collaborative Robots Market By Application
12.3.2.6.4 Germany Collaborative Robots Market By Industry
12.3.2.7 France
12.3.2.7.1 France Collaborative Robots Market By Payload
12.3.2.7.2 France Collaborative Robots Market By Component
12.3.2.7.3 France Collaborative Robots Market By Application
12.3.2.7.4 France Collaborative Robots Market By Industry
12.3.2.8 UK
12.3.2.8.1 UK Collaborative Robots Market By Payload
12.3.2.8.2 UK Collaborative Robots Market By Component
12.3.2.8.3 UK Collaborative Robots Market By Application
12.3.2.8.4 UK Collaborative Robots Market By Industry
12.3.2.9 Italy
12.3.2.9.1 Italy Collaborative Robots Market By Payload
12.3.2.9.2 Italy Collaborative Robots Market By Component
12.3.2.9.3 Italy Collaborative Robots Market By Application
12.3.2.9.4 Italy Collaborative Robots Market By Industry
12.3.2.10 Spain
12.3.2.10.1 Spain Collaborative Robots Market By Payload
12.3.2.10.2 Spain Collaborative Robots Market By Component
12.3.2.10.3 Spain Collaborative Robots Market By Application
12.3.2.10.4 Spain Collaborative Robots Market By Industry
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Collaborative Robots Market By Payload
12.3.2.11.2 Netherlands Collaborative Robots Market By Component
12.3.2.11.3 Netherlands Collaborative Robots Market By Application
12.3.2.11.4 Netherlands Collaborative Robots Market By Industry
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Collaborative Robots Market By Payload
12.3.2.12.2 Switzerland Collaborative Robots Market By Component
12.3.2.12.3 Switzerland Collaborative Robots Market By Application
12.3.2.12.4 Switzerland Collaborative Robots Market By Industry
12.3.2.13 Austria
12.3.2.13.1 Austria Collaborative Robots Market By Payload
12.3.2.13.2 Austria Collaborative Robots Market By Component
12.3.2.13.3 Austria Collaborative Robots Market By Application
12.3.2.13.4 Austria Collaborative Robots Market By Industry
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Collaborative Robots Market By Payload
12.3.2.14.2 Rest of Western Europe Collaborative Robots Market By Component
12.3.2.14.3 Rest of Western Europe Collaborative Robots Market By Application
12.3.2.14.4 Rest of Western Europe Collaborative Robots Market By Industry
12.4 Asia-Pacific
12.4.1 Asia Pacific Collaborative Robots Market By Country
12.4.2 Asia Pacific Collaborative Robots Market By Payload
12.4.3 Asia Pacific Collaborative Robots Market By Component
12.4.4 Asia Pacific Collaborative Robots Market By Application
12.4.5 Asia Pacific Collaborative Robots Market By Industry
12.4.6 China
12.4.6.1 China Collaborative Robots Market By Payload
12.4.6.2 China Collaborative Robots Market By Component
12.4.6.3 China Collaborative Robots Market By Application
12.4.6.4 China Collaborative Robots Market By Industry
12.4.7 India
12.4.7.1 India Collaborative Robots Market By Payload
12.4.7.2 India Collaborative Robots Market By Component
12.4.7.3 India Collaborative Robots Market By Application
12.4.7.4 India Collaborative Robots Market By Industry
12.4.8 Japan
12.4.8.1 Japan Collaborative Robots Market By Payload
12.4.8.2 Japan Collaborative Robots Market By Component
12.4.8.3 Japan Collaborative Robots Market By Application
12.4.8.4 Japan Collaborative Robots Market By Industry
12.4.9 South Korea
12.4.9.1 South Korea Collaborative Robots Market By Payload
12.4.9.2 South Korea Collaborative Robots Market By Component
12.4.9.3 South Korea Collaborative Robots Market By Application
12.4.9.4 South Korea Collaborative Robots Market By Industry
12.4.10 Vietnam
12.4.10.1 Vietnam Collaborative Robots Market By Payload
12.4.10.2 Vietnam Collaborative Robots Market By Component
12.4.10.3 Vietnam Collaborative Robots Market By Application
12.4.10.4 Vietnam Collaborative Robots Market By Industry
12.4.11 Singapore
12.4.11.1 Singapore Collaborative Robots Market By Payload
12.4.11.2 Singapore Collaborative Robots Market By Component
12.4.11.3 Singapore Collaborative Robots Market By Application
12.4.11.4 Singapore Collaborative Robots Market By Industry
12.4.12 Australia
12.4.12.1 Australia Collaborative Robots Market By Payload
12.4.12.2 Australia Collaborative Robots Market By Component
12.4.12.3 Australia Collaborative Robots Market By Application
12.4.12.4 Australia Collaborative Robots Market By Industry
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Collaborative Robots Market By Payload
12.4.13.2 Rest of Asia-Pacific Collaborative Robots Market By Component
12.4.13.3 Rest of Asia-Pacific Collaborative Robots Market By Application
12.4.13.4 Rest of Asia-Pacific Collaborative Robots Market By Industry
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Collaborative Robots Market By Country
12.5.1.2 Middle East Collaborative Robots Market By Payload
12.5.1.3 Middle East Collaborative Robots Market By Component
12.5.1.4 Middle East Collaborative Robots Market By Application
12.5.1.5 Middle East Collaborative Robots Market By Industry
12.5.1.6 UAE
12.5.1.6.1 UAE Collaborative Robots Market By Payload
12.5.1.6.2 UAE Collaborative Robots Market By Component
12.5.1.6.3 UAE Collaborative Robots Market By Application
12.5.1.6.4 UAE Collaborative Robots Market By Industry
12.5.1.7 Egypt
12.5.1.7.1 Egypt Collaborative Robots Market By Payload
12.5.1.7.2 Egypt Collaborative Robots Market By Component
12.5.1.7.3 Egypt Collaborative Robots Market By Application
12.5.1.7.4 Egypt Collaborative Robots Market By Industry
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Collaborative Robots Market By Payload
12.5.1.8.2 Saudi Arabia Collaborative Robots Market By Component
12.5.1.8.3 Saudi Arabia Collaborative Robots Market By Application
12.5.1.8.4 Saudi Arabia Collaborative Robots Market By Industry
12.5.1.9 Qatar
12.5.1.9.1 Qatar Collaborative Robots Market By Payload
12.5.1.9.2 Qatar Collaborative Robots Market By Component
12.5.1.9.3 Qatar Collaborative Robots Market By Application
12.5.1.9.4 Qatar Collaborative Robots Market By Industry
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Collaborative Robots Market By Payload
12.5.1.10.2 Rest of Middle East Collaborative Robots Market By Component
12.5.1.10.3 Rest of Middle East Collaborative Robots Market By Application
12.5.1.10.4 Rest of Middle East Collaborative Robots Market By Industry
12.5.2. Africa
12.5.2.1 Africa Collaborative Robots Market By Country
12.5.2.2 Africa Collaborative Robots Market By Payload
12.5.2.3 Africa Collaborative Robots Market By Component
12.5.2.4 Africa Collaborative Robots Market By Application
12.5.2.5 Africa Collaborative Robots Market By Industry
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Collaborative Robots Market By Payload
12.5.2.6.2 Nigeria Collaborative Robots Market By Component
12.5.2.6.3 Nigeria Collaborative Robots Market By Application
12.5.2.6.4 Nigeria Collaborative Robots Market By Industry
12.5.2.7 South Africa
12.5.2.7.1 South Africa Collaborative Robots Market By Payload
12.5.2.7.2 South Africa Collaborative Robots Market By Component
12.5.2.7.3 South Africa Collaborative Robots Market By Application
12.5.2.7.4 South Africa Collaborative Robots Market By Industry
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Collaborative Robots Market By Payload
12.5.2.8.2 Rest of Africa Collaborative Robots Market By Component
12.5.2.8.3 Rest of Africa Collaborative Robots Market By Application
12.5.2.8.4 Rest of Africa Collaborative Robots Market By Industry
12.6. Latin America
12.6.1 Latin America Collaborative Robots Market By Country
12.6.2 Latin America Collaborative Robots Market By Payload
12.6.3 Latin America Collaborative Robots Market By Component
12.6.4 Latin America Collaborative Robots Market By Application
12.6.5 Latin America Collaborative Robots Market By Industry
12.6.6 Brazil
12.6.6.1 Brazil Collaborative Robots Market By Payload
12.6.6.2 Brazil Collaborative Robots Market By Component
12.6.6.3 Brazil Collaborative Robots Market By Application
12.6.6.4 Brazil Collaborative Robots Market By Industry
12.6.7 Argentina
12.6.7.1 Argentina Collaborative Robots Market By Payload
12.6.7.2 Argentina Collaborative Robots Market By Component
12.6.7.3 Argentina Collaborative Robots Market By Application
12.6.7.4 Argentina Collaborative Robots Market By Industry
12.6.8 Colombia
12.6.8.1 Colombia Collaborative Robots Market By Payload
12.6.8.2 Colombia Collaborative Robots Market By Component
12.6.8.3 Colombia Collaborative Robots Market By Application
12.6.8.4 Colombia Collaborative Robots Market By Industry
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Collaborative Robots Market By Payload
12.6.9.2 Rest of Latin America Collaborative Robots Market By Component
12.6.9.3 Rest of Latin America Collaborative Robots Market By Application
12.6.9.4 Rest of Latin America Collaborative Robots Market By Industry
13 Company Profile
13.1 Precise Automation, Inc.
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Treatment/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Robert Bosch GmbH
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Treatment/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 ABB Group
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Treatment/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Universal Robots A/S
13.4 Market Overview
13.4.2 Financials
13.4.3 Treatment/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 DENSO Robotics
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Treatment/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 F&P Robotics AG
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Treatment/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Epson Robots.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Treatment/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 AUBO Robotics.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Treatment/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Energid Technologies Corporation.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services Offrings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Fanuc Corporation.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services Offrings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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