Total Sales of Collaborative Robots Anticipated to Reach over 1 Million Units by 2024-Goldstein Research
The market report published by Goldstein Research on global collaborative robots market shows the size of collaborative robots market expected to reach USD 15.2 billion by 2024 from USD 0.79 billion in 2016, growing at a CAGR of 44.72% during the forecast period (2016-2024). Total collaborative robots accounts accounted for 3% of the total robot units sold in 2015 and by the end of 2024 total sales of collaborative robots is anticipated to reach 400.0 million units. Further, Global collaborative robots (cobots) market segmentation has been done on the basis of pay-load capacity, application, end user and geography. Based on applications, automotive industry accounted for highest market share of +45.0% in 2016 in the application of collaborative robots, followed by electronics industry. Geographically, global collaborative robots industry is dominated by Europe region, followed by North America and Asia Pacific market share. Rising penetration of industrial automation in Asi...