Collaborative Robots market shall boost, driven by increasing use of robots in automotive & electronics industry globally
Global Collaborative Robots Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1.3 Billion by 2024 from $0.1 Billion in 2016, growing at a CAGR of 33.2% from 2016 to 2024.
To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/collaborative-robots-market
Collaborative robots are intended to support humans or work along with humans. These co-bots are made by combination of speed, precision, and flexibility of machine. Automotive and electronics sectors are greatly benefited by these co-bots. These light-weight collaborative robots are affordable and easily trained and can perform short runs, repetitive & boring jobs continuously.
High technological advancement in diverse sectors drives the market
The global collaborative robots market is driven by adoption and high advancement in technology in diverse sectors. Moreover, increasing use of these robots in sectors such as automotive, electronics, metal and machining, food and beverages, plastic and polymers, and others also contribute in collaborative robots market growth. High potential for robot installa