Cobot Market by Component
While the hardware is growing at a brisk pace, the software component is growing at a high rate too. Cobots have made a mark with their easy programmability. Various software tools have forayed into the cobots market adding to their easy setup and quick redeployment. Riding on this growth, End-of-Arm-Tooling (EOATs), which lend flexibility to a cobot, have shown significant growth.
Cobot Market by Geography
While currently the APAC region is dominating in the number of installations worldwide due to the quick ROI offered by cobotsand also due to the huge electronics industry in this region, subsequent years may witness a shift in the balance towards Europe which is adopting cobots due to their inherent safety features.
Although a late entrant, India as a global manufacturing hub for automobiles, electronics and medicines has been witnessing a greater adoption of cobots and will continue to do so in the future.
Robotics, which was earlier the privilege of a select few industries, has now been adopted across a wide range of industry segments and even in research, thanks to the flexibility offered by cobots.
MELSS has been providing many solutions for Industry 4.0, and brings you cobots from the leaders, Doosan Robotics and EOATs from OnRobot. With an experience of more than 25 years across industries, MELSS provides solutions in robotics based on your requirement. For more: https://www.melss.com/latest/industry-4-0/cobot/