New York, USA, April 26, 2021 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global collaborative robot (cobot) market is estimated to garner a revenue of $8,840.5 million at a CAGR of 41.2% during the forecast period. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
Factors Impacting the Growth of the Collaborative Robot (Cobot) Market
Manufacturing companies are adopting collaborative robots to automate the process and increase productivity. This is the main factor behind the growth of the global collaborative robots market during the forecast period.
Connected cobots are prone to cyber security threats because of the incorporation of internet of things (IoT). This is one of the factors restricting the growth of the market.
For More Detail Insights, Download Free Sample Copy of the Report at: https://www.researchdive.com/download-sample/182
Cobots, when paired with autonomous mobile robots (AMR) and automatic guided vehicle (AGV), provide more flexibility, easier installation, cheaper, and more collaborative advantages. This is a growing trend in the collaborative robots market which is…