Mobile Cobots Market - Size, Share, Growth, Trends and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 06/18/2018 --The introduction of the concept of using robots in industries dates several years back. However, the bulky weight and rapid movements of the traditional industrial robots have made them unsafe for human interaction.

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Due to their relatively low price and higher return on investment (ROI), mobile cobots are increasingly attracting SMEs. They come with benefits such as easy to use, safe to be around, and easily adaptable to new tasks, making them suitable for small-batch manufacturing and product cycles. They can also assist in repetitive and menial tasks. The increasing investments in automation in industries are also working in the favor of the growth of the global mobile cobots market.

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The future holds immense growth opportunities for the market. Cobots are creating new markets for store assistants, warehouse and distribution center, guides, inventory takers, and kiosks. They are entering the aerospace sector. Companies such as Airbus and Boeing are increasingly interested in adopting collaborative robots for the entire wing section assembly.

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The market is expected to gain much of the traction in Europe, where favorable regulations are promoting the use of cobots across industries in order to cut down the need for safety fences between robots and humans.