Connect with us

Technology

Collaborative Robots Market to Transcend USD 2297.77 Million Valuation by 2031, Demand for Better Human-Machine Interaction Creating an Opportune Market Growth Scenario| SkyQuest Technology

Published

on

WESTFORD, Mass., July 9, 2024 /PRNewswire/ — According to SkyQuest, the global Collaborative Robots Market size was valued at USD 815.40 million in 2022 and is poised to grow from USD 914.88 million in 2023 to USD 2297.77 million by 2031, growing at a CAGR of 12.20% during the forecast period (2024-2031).

Integration of robots into human environments has led to the demand for collaborative robots. Advancements in robotics technology and the growing use of robots in different industry verticals are forecasted to alter the future collaborative robots market growth trajectory. Integration of advanced technologies such as artificial intelligence and machine learning will improve the collaborative nature of robots. The global collaborative robots market is segmented into payload, component, application, end user, and region.

Download a detailed overview:

https://www.skyquestt.com/sample-request/collaborative-robot-market

Collaborative Robots Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 914.88 million

Estimated Value by 2031

$ 2297.77 million

Growth Rate

Poised to grow at a CAGR of 12.20%

Forecast Period

2024–2031

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Payload, Component, Application and End-user

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

High emphasis on worker safety and productivity

Key Market Drivers

Rising demand for better human-machine interaction

Segments covered in Collaborative Robots Market are as follows:

Payload5 kg, 5-10 kg, 10-25 kg, more than 25 kgApplicationHandling (pick-and-place, material handling, packaging & palletizing, machine tending), assembling & dissembling (nut fastening, and screwdriving), welding & soldering, pick & place, positioning, Processing (grinding, milling, and cutting), othersEnd-UserAutomotive, electronics & semiconductors, metals & machining, plastics & polymers, food & beverages, healthcare, logistics, OthersComponentHardware, software

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/collaborative-robot-market

Automotive Industry to Witness Highest Adoption of Collaborative Robots as Manufacturers Focus on Boosting Productivity

The demand for vehicles is increasing rapidly around the world as the disposable income of people increases. Automotive manufacturers are focusing on deploying robots in their facilities to save time and money whilst promoting efficiency. The use of robots for welding, painting, coatings, and assembly of parts is high in the automotive industry and this is why this segment is an unmissable one for all collaborative robot manufacturers.

Demand for collaborative robots in the electronics industry is forecasted to rise at an impressive pace over the coming years as the demand for electronics surges. The growing availability of innovative new collaborative robots designed specifically for electronics operations will also help this segment grow at a good CAGR in the future. Healthcare, logistics, metals & machining, and food & beverage are some other industries where the sales of collaborative robots are projected to shine bright in the long run.

Collaborative Robots of Up to 5 kg Payload Capacity are Most Sought-after

Low costs and high productive output of collaborative robots with up to 5 kg payload capacity are what allow this segment to hold a substantial market share. These robots help companies maximize their productivity at a very low cost and are highly accurate as well. Increasing integration of robotics in industrial applications at all levels will also help this segment bring in more revenue going forward. Demand for collaborative robots with high payload capacities will rise at a notable pace in the future as automation penetrates all aspects of industrial operations.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/collaborative-robot-market

Hardware Components to Remain Pivotal in Determining the Efficacy of Collaborative Robots

Hardware plays a special role in determining the efficiency and productivity of a robot and this is also true in the case of collaborative robots. Collaborative robot providers need to focus on development of advanced hardware such as sensors and controllers to improve the effectiveness of robotic operations. Partnering with robotic hardware manufacturers and developers could help collaborative robot companies maximize their business scope in the future.

Demand for better human-machine interaction around the world will create an opportune setting for collaborative robots. The automotive industry is anticipated to be the most lucrative end user for collaborative robots and this is why most companies are focusing on developing products for this segment. New companies can target the hardware component segment and develop novel robotic hardware to successfully penetrate the market and compete with leading market players. Innovation using novel technologies will be a key strategy for any company looking to make a mark in the global collaborative robots market.

Related Reports:

Robotics Market

Service Robotics Market

Delivery Robots Market

Warehouse Robotics Market

Smart Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg 

 

 

View original content:https://www.prnewswire.co.uk/news-releases/collaborative-robots-market-to-transcend-usd-2297-77-million-valuation-by-2031–demand-for-better-human-machine-interaction-creating-an-opportune-market-growth-scenario-skyquest-technology-302191855.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Morrison Foerster Opens Amsterdam Office, Extending the Reach of Its Premier Privacy + Data Security Practice

Published

on

By

The firm’s 18th office worldwide and 4th in Europe, will create deeper connections with global clients.

AMSTERDAM, Netherlands, Jan. 8, 2025 /PRNewswire-PRWeb/ — Morrison Foerster (MoFo), a leading global law firm, is pleased to announce that it has opened an office in Amsterdam to further extend the reach of its premier Privacy + Data Security practice, and forge deeper connections with global clients operating in Europe.
The office is the firm’s 18th globally and 4th in Europe, and will be led by partner Alex van der Wolk, co-chair of MoFo’s preeminent Global Privacy & Data Security practice. Initially, the office will include van der Wolk, partner Marijn Storm, and senior of counsel Lokke Moerel, all admitted to practice in the Netherlands, with further additions to the office expected following the office’s formal opening.

MoFo’s new Amsterdam office enables the firm to further entrench its roots with disputes and transactions clients globally and in the European market, offering closer and more strategic ties with clients that the firm is already advising in the Netherlands, alongside the opportunity to forge new relationships.

“Establishing a presence in the Netherlands creates an exciting proposition for clients as we grow Morrison Foerster’s global platform,” said Eric McCrath, Chair of Morrison Foerster. “Amsterdam represents a thriving, multi-industry hub, with many of the globe’s biggest corporations present in the city alongside innovative new startups and scale-ups. The founder members of our Amsterdam office have been practicing in the Netherlands for many years and already have an established network in the region, affording us a running start as we open our newest office in the MoFo network. We are excited at what Amsterdam can bring to our platform and look forward to the success of our newest office.”

The firm’s Amsterdam office will look to build on its strong Privacy + Data Security practice, advising a cross-section of companies in the technology, life sciences, and artificial intelligence industries.

“Having advised numerous Netherlands-based clients for many years, I am excited to lead our new office in Amsterdam, welcoming existing and new clients to Morrison Foerster’s premier global platform for data privacy and security matters,” said van der Wolk. “Our team in Amsterdam, with market-leading attorneys in data privacy, will not only lead on complex work in their own right, but are also play a crucial role on an array of the firm’s global mandates, from cross-border disputes to billion-dollar deals. I am excited to build the firm’s 18th office in its global network.”

Media Contact

Alexander Smith, Morrison Foerster, +44 (20) 79204064, alexandersmith@mofo.com, mofo.com

View original content:https://www.prweb.com/releases/morrison-foerster-opens-amsterdam-office-extending-the-reach-of-its-premier-privacy–data-security-practice-302345915.html

SOURCE Morrison Foerster

Continue Reading

Technology

AmpUp and Hubject Join Forces to Accelerate EV Charging Across North America

Published

on

By

New collaboration to introduce Plug&Charge technology, followed by expanded access through the eRoaming network

SANTA CLARA, Calif., Jan. 8, 2025 /PRNewswire/ — AmpUp, a leading provider of electric vehicle (EV) charging solutions, and Hubject, the global leader in eRoaming and Plug & Charge services, today announced a partnership aimed at accelerating the EV charging experience across North America.

Under this collaboration, AmpUp will first implement Hubject’s Plug&Charge technology across its new charging stations. This innovative feature simplifies charging by allowing EV drivers to initiate payment without relying on app-based methods or RFID cards. Following this rollout, AmpUp’s charging stations will be integrated into Hubject’s extensive eRoaming network, providing seamless access to over 1 million charging points globally.

“Charger availability and ease of use are vital for making the EV transition accessible to all,” said Tom Sun, CEO and co-founder of AmpUp. “By partnering with Hubject, we are committed to enhancing the charging experience for our customers while expanding charging opportunities in their communities.”

Key benefits of the partnership include:

Plug&Charge Implementation: A simplified payment process for EV drivers.Access to a Vast Network: Integration into Hubject’s global network of over 1 million charging points.Enhanced Interoperability: Ensures driver choice and access to charging infrastructure across borders.

Trishan Peruma, Hubject North America CEO, said, “We welcome AmpUp as a valued partner in the Hubject eMobility ecosystem as we look to provide a seamless and secure charging experience for even more drivers across North America.”

The partnership between AmpUp and Hubject marks a pivotal advancement in expanding reliable and user-friendly EV charging infrastructure across the continent. Together, the companies are driving toward a future where sustainable transportation is accessible to everyone.

About AmpUp
AmpUp is breaking down barriers to widespread EV adoption with the most reliable, flexible, and user-friendly EV charging platform. Since its founding in 2018, AmpUp has powered over 1,500 charging networks across 75 North American markets, enabling businesses and property owners to seamlessly deploy and manage EV charging solutions. Trusted by industry leaders such as JLL, CBRE, Domino’s Pizza, Goodyear, Under Armour, and Hilton, AmpUp is at the forefront of advancing sustainable transportation. For more information, visit www.ampup.io. For marketing inquiries, please contact randa@ampup.io

About Hubject
Hubject simplifies the charging of electric vehicles. Through its eRoaming platform intercharge, the eMobility specialist connects Charge Point Operators (CPOs) and eMobility Service Providers (EMPs) to provide standardized access to charging infrastructure regardless of any network. Hubject has established the world’s largest cross-provider charging network for electric vehicles by connecting CPO networks encompassing over 1 million connected charging points and more than 2,250 B2B partners across 63 countries and four continents. In addition, Hubject is a trusted consulting partner in the Mobility market, advising automotive manufacturers, charging providers, and other EV-related businesses looking to launch eMobility services or implement Plug&Charge using ISO15118-2 and ISO15118-20. In essence, Hubject promotes eMobility and its advancement worldwide. For more information, please visit www.hubject.com follow us on LinkedIn.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ampup-and-hubject-join-forces-to-accelerate-ev-charging-across-north-america-302345957.html

SOURCE AmpUp

Continue Reading

Technology

Therap Services Strengthens Documentation with Advanced HIPAA-Compliant Secure Video Documentation Tool

Published

on

By

TORRINGTON, Conn., Jan. 8, 2025 /PRNewswire/ — Therap Services, the national leader in HIPAA-compliant electronic documentation solutions for organizations in the Long-Term Services and Supports (LTSS), Home and Community-Based Services (HCBS), and other human services industries, strengthens its documentation capabilities with the Secure Video Documentation tool and giving service providers a highly secure and HIPAA-compliant solution for managing videos containing Protected Health Information (PHI). This tool is designed to meet the needs of organizations that require efficient, secure, and integrated video documentation within their workflows.

The Secure Video Documentation tool allows users to upload and store videos in a centralized Video Library. These videos can be attached directly to existing modules within the Therap system, including General Event Reports (GER), GER Resolution, Individual Home Page, ISP Program, and T-Logs. This integration strengthens the documentation process by enabling providers to enhance traditional records with video evidence, improving both the clarity and comprehensiveness of reports.

Therap’s solution ensures that PHI-related video content is managed in a secure environment, with access strictly controlled through user privilege assignments. Based on their roles, users can view or download videos as needed, supporting collaborative workflows while safeguarding sensitive data. This functionality aligns with Therap’s commitment to privacy and security, ensuring that service providers can meet regulatory requirements while improving care and operational efficiency.

Designed specifically for service providers, the Secure Video Documentation tool is an invaluable resource for documenting incidents. By integrating video content into their systems, organizations can achieve better communication, more detailed documentation, and greater accountability in their service delivery.

The availability of this tool highlights Therap’s dedication to providing innovative and practical solutions for the human services sector. Service providers using the Therap system now have a reliable and secure way to incorporate video documentation into their processes, further enhancing their ability to deliver high-quality care while maintaining compliance with privacy regulations.

For more information on Therap’s HIPAA Compliant Secure Video Streaming, please visit:
https://www.therapservices.net/products/hipaa-compliant-video-storage/

About Therap

Therap’s comprehensive and HIPAA-compliant software is used in human services settings for documentation, communication, reporting, EVV and billing.

Learn more at  www.therapservices.net.

Related Links

http://www.therapservices.net

View original content:https://www.prnewswire.com/news-releases/therap-services-strengthens-documentation-with-advanced-hipaa-compliant-secure-video-documentation-tool-302345921.html

SOURCE Therap Services

Continue Reading

Trending