Dedham, Mass. - Aug. 25, 2020 - New ARC Advisory Group research on the global Collaborative Robots (cobots) market reveals that to get the full benefit from human-robot collaboration, manufacturers must develop integrated strategies that combine data analytics, design, and a new partnership ecosystem. Intelligent robots with integrated vision guidance and enhanced sensors are more adaptable to the production environment. The new breed of robots are more mobile, better integrated with human activities, and--most importantly--can learn new skills and generate new insights/thoughts on the job.
The increase in the use of cobots also leads to increased data, and manufacturers need to put in more effort in securing and analyzing this data. “Cobots will become a key source of information on the factory floor," according to Rajkumar Paira, Senior Analyst at ARC Advisory Group and key author of ARC’s Collaborative Robots Global Market Research report. "The collection of data, however, is just one part of the task. Manufacturers will have to implement systems to organize and analyze all this information to be able to act on it. Big Data analysis will become a competitive differentiator.
As cobots become connected to internal systems for data collection, cybersecurity risks increase. Manufacturers will be forced to address vulnerabilities in their processes and invest heavily in cybersecurity to ensure safe, reliable production."
About the Collaborative Robots Research
This ARC research on collaborative robots explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year (global/regional) forecasts for the collaborative robot market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, revenue category, payload type, arm type, application, sales channels, and customers. This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
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Market Intelligence Workbook (Excel): personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
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Concise Market Analysis Report (PDF): provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC Advisory Group market research, please visit Market Data & Studies .
About ARC Advisory Group
ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure, and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.
