The global collaborative robotics market is experiencing a strong growth trend that is being driven by several factors. All of the business rationale and benefits of using industrial robots apply to collaborative robots (cobots) as well. The same factors of efficiency, quality, and automation of production are propelling the growing adoption of cobots in companies large and small. Labor shortages and the demand for high mix/low volume production are creating a surge of smart factories and the rapid automation of production facilities around the world. The benefits of lower costs, increased safety, greater flexibility, rapid setup, and easier training, along with the more effective use of personnel, are driving factors for cobot demand in small and medium enterprises (SMEs). More cobot startups are entering the industry to satisfy this demand with new user-friendly cobot offerings, making the market increasingly competitive and diverse. Growth is being driven initially by SMEs wishing to automate simple repetitive tasks without requiring major changes to infrastructure, high capital expenditures, or engineering staff. In the enterprise space, the warehousing & logistics and food & beverage sectors are emerging as key markets. Tractica expects the cobot market to continue growing rapidly and provide significant opportunities by offering compelling benefits and rapid ROI to end users. This Tractica Market Radar examines the six leading companies in the cobot industry that should be on your radar. It discusses the crucial market drivers, challenges, and industry applications for their products and provides a heatmap that illustrates some of their relative strengths. The top six industry players include three pure cobot vendors and three industrial robotics vendors. This report provides insight into the leading cobot companies and their technologies and applications across the major industrial and enterprise segments and includes recommendations for vendors and end users.
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