3D Sensor Market size is estimated $9.4 billion by 2026, at a CAGR of 28.1%

 

The report "3D Sensor Market analysis by Type (Image Sensors, Position Sensors), Technology (Time of Flight, Structured Light), End-use Industry (Consumer Electronics, Industrial Robotics, Automotive), and Region, Global Forecast to 2026 ", size is estimated to be USD 2.7 billion in 2021 and is projected to reach USD 9.4 billion by 2026; it is expected to grow at a CAGR of 28.1% from 2021 to 2026. Factors such as growing penetration of 3D depth sensors in various devices and increased demand for virtual reality in gaming consoles are likely to provide opportunities for market growth.

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Browse 188 market data Tables and 50 Figures spread through 235 Pages and in-depth TOC on "3D Sensor Market and Region, Global Forecast to 2026 "
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The 3D sensor market includes major Tier I and II players like Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), Sony Corporation (Japan), Cognex Corporation (US), Lumentum Operations LLC (US), and others. These players have a strong market presence for 3D sensor across various countries in North America, Europe, APAC, and RoW.

Driver: Growing penetration of image sensors in automobiles

The application of image sensors in automobiles is propelling the growth of the image sensors market. Some of the application areas of these sensors in automobiles include advanced driver assistance systems (ADAS), dash cameras, side mirror replacement, night vision, LiDAR driver monitoring, and gesture recognition systems. ADAS equipped with image sensors provide parking assistance, collision avoidance, and lane departure warning.

Opportunity: Growing penetration of 3D depth sensors in various devices

The 3D depth-sensing technology is used in consumer electronics for the measurement of objects or scenes in three dimensions. This technology is gaining traction in consumer electronics, particularly in smartphones and tablets for facial recognition. 3D depth sensors in smartphones serve as high-quality 3D scanners. Apple introduced the iPad Pro with a 3D depth sensor capable of facial recognition in March 2020. In 2019, Microsoft introduced a new device, Kinect, with a 3D depth sensor for personal computers.

3D sensor market in North America to hold the highest market share during the forecast period

North America is expected to lead the global 3D sensor market. The growth of the market in this region can be attributed to the presence of key manufacturers of consumer electronics with a high adoption rate of new technologies. The growth of the consumer electronics industry is another factor driving the 3D sensors market in this region. The presence of key manufacturers of sensors such as Intel, Lumentum, Cognex Corporation, and OmniVision Technologies drives the market across the US. Companies such as Google, Microsoft, and Apple are investing in 3D sensing technologies across consumer electronics and robotics applications. These factors have contributed to the huge growth of the 3D sensor market in North America.

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Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), Sony Corporation (Japan), Cognex Corporation (US), Lumentum Operations LLC (US), ifm electronic gmbh (Germany), Intel Corporation (US), KEYENCE CORPORATION. (Japan), LMI Technologies Inc. (Canada), Microchip Technology Inc. (US), II-VI Incorporated (US), AIRY3D (Canada), ASUSTeK Computer Inc. (Taiwan), CronAI (UK), Leuze electronic GmbH + Co. KG (Germany), Mantis Vision ltd. (Israel), Melexis NV (Belgium), Microsoft (US), Occipital, Inc. (US), Orbbec 3D (US), Panasonic Corporation (Japan), Qualcomm Technologies, Inc. (US), Quanergy Systems, Inc. (US), Samsung (South Korea), and SICK AG (Germany) are among the many players in the 3D sensor market.

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Cleaning Robot Market expected to reach $25.9 Billion by 2027

 

The report "Cleaning Robot Market by Type, Product (Floor Cleaning Robots, Lawn Cleaning Robots, Pool Cleaning Robots, Window Cleaning Robots), Operation Mode (Self-driven, Remote Controlled), Sales Channel, Application and Region - Global Forecast to 2027" The Cleaning Robot Market is projected to grow from USD 9.8 Billion in 2022 to USD 25.9 Billion by 2027; it is expected to grow at a CAGR of 21.5% during the forecast period. The growth of the market is attributed to the increasing adoption of AI and IoT in household appliances, growing adoption of cleaning robots in commercial sector, rising demand for disinfecting robots in healthcare facilities. During the forecast period, development of AI-enabled and voice-controlled smart cleaning robots is expected to create growth opportunities for the market.

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Browse 164 market data Tables and 69 Figures spread through 249 Pages and in-depth TOC on "Cleaning Robot Market by Sales Channel, Application and Region - Global Forecast to 2027"
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Personal cleaning robots type to account for a larger share of cleaning robot market in 2022

Personal cleaning robots account for a larger share of the cleaning robot market, which is attributed to the growing sales of floor-cleaning robots for domestic purposes. The busy lifestyle and the increase in automation have led to a growth in demand for floor-cleaning robots, which can easily perform the task of dry and wet cleaning. They can be scheduled and controlled using a smartphone or tablet. Apart from floors, personal cleaning robots can also be used for the cleaning of pools, lawns, and windows. In developed and developing countries, the presence of lawns and pools in homes is becoming a luxury, and the maintenance of these requires mowers and pool cleaners. Cleaning robots, as a one-time investment, to reduce labor costs and effort for the maintenance of lawns and pools are helping the market grow.

Residential application to lead cleaning robot market in 2022

The cleaning robot market for residential applications is expected to hold the largest market share during the forecast period. Technological advancements are enabling these robots to become more practical and usable day by day. This is driving consumer demand and acceptance of such products. Rising consumer demand for autonomous robotic technology and the minimization of human intervention are factors driving market growth.

Market in Asia Pacific to hold significant opportunities for the market during forecast period

Asia Pacific is the fastest-growing market for cleaning robots. The rise in disposable income among consumers in countries of the region has led to the rapid adoption of cleaning robots in the residential segment. The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are driving market growth. China is one of the key countries for the cleaning robot market in Asia Pacific as the country is the major manufacturing hub for cleaning robots globally. The presence of several manufacturers and suppliers in China has helped the cleaning robot market to expand rapidly in the country. The country accounts for a share of more than 50% of the cleaning robot market in Asia Pacific.

Major vendors in the cleaning robot market include iRobot Corporation (US), Ecovacs Robotics Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Xiaomi (China), and Roborock (China) among others.

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Industrial Control & Factory Automation Market worth $218.8 billion by 2027

 

The report "Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027" The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%. Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to promote industrial automation, and rising need for augmented reality and virtual reality technologies are major factors driving the growth of the industrial control & factory automation market. Additionally, growing adoption of smart manufacturing techniques across process and discrete industries is another key driver for the market.

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Browse 300 market data Tables and 66 Figures spread through 342 Pages and in-depth TOC on "Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in tooling, robotics, and special machinery applications. The manufacturing of tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing. Tools with highly complex designs can be easily manufactured, thereby eliminating the need for an assembly line, and helping to reduce labor costs. The development of new materials is expected to contribute to the increased adoption of industrial 3D printing globally.

PAM is expected to register the highest growth rate and MES is expected to register the second highest growth rate during the forecast period

PAM solutions enable users to determine possible failures at the production level well in advance and provide them the required corrective actions to be taken in real-time. PAM solutions offer predictive and proactive maintenance approaches for predicting future failures with a high degree of accuracy, thereby increasing the adoption of PAM across sectors such as oil & gas and energy & power. MES enables cost-savings and improvements in operations and delivery of high-performance production assets across the supply chain of industries for local manufacturers. Demand for MES across different industries is expected to increase with quantifiable improvements in their production and efficiency. Potential improvements in supplier and inventory management are also expected to attract most industries toward implementing MES in their manufacturing units.

Among discrete industries, the medical device industry is expected to register the highest growth during the forecast period

The growth of the medical device industry is driven by continuous innovations and technological advancements in the field of healthcare. The industry has witnessed significant growth owing to the development of state-of-the-art medical devices equipped with novel technologies. Manufacturers operating in this industry are adopting innovative solutions to enhance their overall manufacturing processes and increase operational efficiency, thereby increasing the adoption of industrial control & factory automation solutions in this domain.

The industrial control & factory automation market in Asia Pacific held the largest share and is expected to grow significantly from 2022 to 2027

The growth of the market in Asia Pacific can be attributed to the efforts being made to boost the region’s manufacturing sector through the adoption of innovative practices and implementation of automation technologies. Research institutes and corporates in countries like China and Japan are collaborating to improve the manufacturing processes of different industries in the country. Industrial intellectualization and information integration remain the focus of the industrial policies formulated by the government. Owing to the rising competition from China and South Korea, Japan is focusing on the adoption of advanced and highly precise automation solutions in its industrial sector, especially in the consumer electronics, semiconductors, automotive, and food & beverage industries. Industries in the country are increasingly adopting manufacturing robots, sensors, wireless technologies, and machine vision systems to transform their factories into smart factories. This, in turn, is leading to the growth of the industrial control & factory automation market in Japan.

Major companies operating in the industrial control & factory automation market include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Remote Monitoring and Control Market expected to reach $32.3 billion by 2027

 

The report "Remote Monitoring and Control Market by Type(Solutions (SCADA, Vibration Monitoring), Field Instruments (Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), Industry and Region - Global Forecast to 2027" The global remote monitoring and control market is foreseen to grow from USD 24.6 billion in 2022 to USD 32.3 billion by 2027, at a CAGR of 5.6% during 2022−2027. The surging demand for Industry 4.0 technologies in the process and manufacturing industries and the growing adoption of industrial mobility solutions across manufacturing industries are some major factors that are driving the growth of the remote monitoring and control market.

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Browse 189 market data Tables and 65 Figures spread through 240 Pages and in-depth TOC on "Remote Monitoring and Control Market by Type(Solutions (SCADA, Vibration Monitoring), Field Instruments (Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), Industry and Region - Global Forecast to 2027"
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Oil & gas segment is expected to account for the largest share remote monitoring and control market in 2022

Remote monitoring and control of data in the oil & gas industry include tracking parameters such as temperature, pressure, flow rate, tank level, voltage, amperage, and motor torque. The industry players have been implementing new automation and digital technologies to achieve high productivity, reduce waste, address labor shortages, and replace unhealthy, dangerous, and repetitive tasks. Field instruments such as intelligent flow meters, pressure transmitters, and temperature transmitters are used for remote monitoring and controlling oil and gas exploration and production. These instruments help maintain the near-real-time visibility of the pressure, temperature readings, and other relevant parameters.

SCADA solution segment is projected to register the highest CAGR in the remote monitoring and control market during the forecast period

SCADA systems are used by various manufacturers across numerous industries and applications to remotely monitor and automate the control of industrial processes and machines. SCADA software is the backbone of a SCADA system. The software system provides trending, diagnostic data and information and performs the task of monitoring and analyzing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are real-time data storage, continuous system monitoring, alarm checking, and management of confidential data. SCADA software helps the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

US is expected to account for a significant share of North American market from 2022 to 2027

The US is projected to account for the major share of the North American remote monitoring and control market from 2022 to 2027. The rising demand for the SCADA system for industrial automation has revolutionized the US remote monitoring and control market. Major players in the remote monitoring and control market, such as Emerson Electric, Rockwell Automation, and Honeywell International, are based in the US and are constantly focused on improving their offerings to cater to the increasing demand from end-user industries.

Emerson Electric (US), Honeywell International (US), Siemens (Germany), Schneider Electric (France), and ABB (Switzerland) are the top five players in the remote monitoring and control market.

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New Revenue Opportunity with SCADA Market - Across Manufacturing Industries

 

San Francisco, California , USA, Apr  21, 2023 — /PR Network/ —

Attractive Opportunity: Supercharge your Visualizations

Accelerating deployment of AI and IoT across manufacturing industries and growing smart city projects for infrastructure and transportation development are some of the major factors which are posed to support growth of SCADA market.

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Industry Trends of the Global SCADA Market:

1. Schneider Electric has completely acquired AVEVA, a global leader in industrial software that drives digital transformation for industrial organizations managing complex operational process. The deal would help the company to accelerate both its software growth strategy and hybrid cloud-based subscription model.

2. Senseye was fully acquired by Siemens. The company provides artificial intelligence powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand their portfolio in the field of predictive maintenance and asset intelligence.

3. Rockwell Automation has launched V13 of FactoryTalk View Site software with new features. The new system offers deeper interaction with Logix controller with capability to drive HMI animation for automatic diagnostic through FactoryTalk ViewPoint web clients.

What are the Driving Factors of Evolution of technologies and consolidation of SCADA Market?

The SCADA market size is foreseen to grow from USD 9.8 billion in 2022 to USD 14.2 billion by 2027, at a CAGR of 7.8%, the Report provides crucial industry insights that will help your business grow.

Browse 195 market data tables and 86 Figures spread through 252 Pages and in-depth TOC on "SCADA Market size, analysis, trends, & forecasts. The Global market for SCADA Offering, Component, End User, Vertical & Region - Global Forecast to 2027"

Discrete Manufacturing industry segment to grow at the highest CAGR during the forecast period.

The discrete manufacturing ecosystem uses SCADA systems to ensure that the production targets are met, and systems run swiftly. A SCADA system tracks the units that are being produced and in various stages of completion. SCADA systems manage inventories for just-in-time manufacturing, regulate industrial automation and robots, and monitor processes and quality control functions.

SCADA Market : Top Leading Companies Profiles:
Software segment to grow at the highest CAGR in SCADA market during the forecast period.

SCADA software is the backbone of an SCADA system. The software system provides trending, diagnostic data, information and performs the task of monitoring and analysing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are the storage of real-time data, continuous system monitoring, alarm checking, and management of confidential data. SCADA software help the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

Major players in the SCADA market are Rockwell Automation (US), Schneider Electric (France), Emerson Electric (US), Siemens (Germany), and ABB (Switzerland).

SCADA Market - Geographical Regional Vision by Marketsandmarkets^TM
China to account for a significant market share of Asia Pacific from 2022 to 2027.

China is a manufacturer, as well as a key exporter, of several consumer electronics and telecom products; this has generated huge growth opportunities for SCADA market players in the country. China is the fastest-growing economy in Asia Pacific and globally. Its manufacturing sector is challenged by the need to increase production without compromising on quality. Manufacturers and suppliers in the country are facing challenges of increasing labor costs and higher lead times due to the manual processes involved, which are driving demand for automated equipment and SCADA systems.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Revolutionizing Manufacturing: Industrial Control & Factory Automation Market to Reach $218.8 Billion by 2027 with a Rapid CAGR of 8.2%

 

San Francisco, California , USA, Apr  21, 2023 — /PR Network/ —

Attractive Opportunity: Supercharge your Visualizations

Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to promote industrial automation, and rising need for augmented reality and virtual reality technologies are major factors driving the growth of the industrial control & factory automation market. Additionally, growing adoption of smart manufacturing techniques across process and discrete industries is another key driver for the market.

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Industry Trends of the Global Industrial Control & Factory Automation Market:

1. Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.

2. Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They could perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.

3. Emerson launched MTConnect, an industrial control platform driver for enabling easy integration of computer numerical control (CNC) machines with modern data analysis automation environments. This allows collection of data from machines, robots, tools, and devices, which could not previously be cumulatively analysed in one platform. The new driver offers reduced downtime, improved efficiency, and increased productivity.

What are the Driving Factors of Evolution of technologies and consolidation of Industrial Control & Factory Automation Market?

The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%.

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in tooling, robotics, and special machinery applications. The manufacturing of tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing. Tools with highly complex designs can be easily manufactured, thereby eliminating the need for an assembly line, and helping to reduce labor costs. The development of new materials is expected to contribute to the increased adoption of industrial 3D printing globally.

Industrial Control & Factory Automation Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Among discrete industries, the medical device industry is expected to register the highest growth during the forecast period

The growth of the medical device industry is driven by continuous innovations and technological advancements in the field of healthcare. The industry has witnessed significant growth owing to the development of state-of-the-art medical devices equipped with novel technologies. Manufacturers operating in this industry are adopting innovative solutions to enhance their overall manufacturing processes and increase operational efficiency, thereby increasing the adoption of industrial control & factory automation solutions in this domain.

Major players in the Industrial Control and Factory Automation Market are ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US).

Industrial Control & Factory Automation Market - Geographical Regional Vision by Marketsandmarkets^TM
Asia Pacific held the largest share of the industrial control & factory automation market

The industrial control & factory automation market in Asia Pacific held the largest share (35.9%) of the overall market in 2021. The growth of the market in this region can be attributed to the increasing adoption of industrial automation technologies, especially across China and India. The growth of the market in China stems from the increase in labor wages and the presence of numerous automobile manufacturing plants in the country.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

The Collaborative Robot Market is Growing Quickly: Here's What You Need To Know $9.2 Billion by 2028

 

Attractive Opportunity: Supercharge your Visualizations

The growth of Collaborative Robot Market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, increasing demand in the e-commerce and logistics industries due to contingency of COVID-19, collaborative robots to benefit businesses of all sizes, and increased ease of programming of collaborative robots. However, higher preference for low payload capacity traditional industrial robots over cobot in heavy-duty industries restrain the growth of the collaborative robot (cobot) market.

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What are the Driving Factors of Evolution of technologies and consolidation of Collaborative Robot Market?

The global collaborative robot market is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028

Collaborative robots with payload capacity up to 5 kg, expected to hold the largest share of the market during the forecast period

Cobot with payload capacity up to 5 kg holds the largest market share and is expected to retain its position during the forecast period. First-time users prefer low payload capacity cobot, which are cheaper and take up less space than robots with higher payload capacity. For instance, COBOTTA, a cobot from DENSO Corporation (Japan), has an inherently safe design owing to its low weight and, therefore, does not require extensive use of sensors compared to higher payload cobot, thus keeping it more affordable. SAWYER and SAWYER Black Edition from Rethink Robotics GmbH (US) are both single arm cobot with a payload capacity of 4 kg and a maximum reach of 1,260 mm.

Collaborative Robot Market by Top Companies Profiles:
Automotive industry to maintain the largest share of collaborative robot market during the forecast period

The automotive industry is one of the largest users of collaborative robots. In automotive manufacturing, collaborative robots are used for a variety of applications such as handling, welding, assembling and disassembling, welding, dispensing extensively. Amongst these applications, welding has been one of the first and most popular applications of collaborative robots in the automotive industry.

Major players in the collaborative robot market are Universal Robots A/S (Denmark), FANUC Corporation (Japan), ABB (Switzerland), Techman Robot Inc (Taiwan), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (Japan), Yaskawa Electric Corporation (Japan), AUBO (Beijing) Robotics Technology Co., Ltd (China), and Rethink Robotics GmbH (US), Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), etc.

Regional Insight by Marketsandmarkets^TM Research:
Europe accounts for second-largest market share of collaborative robot (cobot) market in 2021

Europe held the second-largest share of the collaborative robot (cobot) market in 2021. Many of the early adopters of collaborative robots were from European countries. With the advent of Industry 4.0 in Europe, the manufacturing sector brought in collaborative robots to modernize and improve their production capabilities. SMEs in Europe are largely looking into automation to deploy collaborative robots to perform dirty and dangerous jobs. Polishing tasks, for example, are being done by collaborative robots, with workers performing the final inspection. Europe houses several key collaborative robot players, such as Universal Robots A/S (Denmark) and KUKA AG (Germany). KUKA AG was one of the first manufacturers to offer cobot to the market, while Universal Robots has been the market leader for cobot for several years now.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com
or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com