Global Collaborative Robots Market to Grow 60% In 2017-2021

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 Japanand 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. 

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

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 
- Universal Robots 

Other prominent vendors 
- Alfa Robot 
- DLR 
- Hans Hundegger 
- Honda 
- iRobot 
- Kawada Industries 
- Kawasaki Robotics 
- Nachi-Fujikoshi 
- OMRON Adept Technologies 
- Rethink Robotics 
- Sepro Group 
- Staubli 
- TecnoMatic Robots 
- 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 
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