#Collaborative Robotics Market

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The Collaborative Robot market is projected to grow from USD 1.9 billion in 2024 and is estimated to reach USD 11.8 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 35.2% from 2024 to 2030 according to a new report by MarketsandMarkets™. The growth of the Collaborative Robot market is driven by higher return on investment than traditional industrial robotic systems; increased demand in e-commerce and logistics sectors; significant benefits in businesses of all sizes; easy programming of cobots.

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Collaborative Robot (Cobot) Market Trends: Growth and Opportunities Through 2024-2033

The concept of collaborative robot (Cobots) first evolved in the late 1990s, when Northwestern University professors invented the phrase. The early development of cobots was motivated by the desire for safer robot-human interaction in the manufacturing industry. Initial models were crude and focused mostly on improving human capabilities through direct physical assistance in shared chores. 

These first-generation cobots lacked the sophisticated sensor technology and AI capabilities seen today, but they paved the way for future advancements by demonstrating the ability of robots to collaborate with human operators without the need for safety cages or extensive physical barriers.

The global Collaborative Robot (Cobot) Market  was valued at $828.2 million in 2023, and it is expected to grow with a CAGR of 12.73% during the forecast period 2023-2033 to reach $141.29 billion by 2033.

Collaborative Robot (Cobot) Overview 

Collaborative Robots (Cobot) are designed to work alongside humans in shared workspaces, with increased safety features and ease of use. Cobots, unlike standard industrial robots, are lightweight, versatile, and outfitted with sensors and force-limited joints to ensure safe human interaction. These robots are increasingly used in a variety of industries, including electronics and automotive, for jobs ranging from material handling to sophisticated assembly, increasing productivity and decreasing physical strain on people.

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Demand Drivers for Collaborative Robot 

Demand for automation in small and medium enterprises 

Increased focus on worker safety 

Labour shortages and aging workforce 

Flexibility and ease of  Integration 

Collaborative Robot (Cobot) Market Segmentation 

By Industry 

By Application 

By Type 

By Payload 

By Component 

By Region 

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Key Market Players

ABB

AUBO (Beijing) Robotics Technology Co., Ltd.

Bosch Rexroth AG 

Comau S.p.A.

DENSO International America, Inc

FANUC CORPORATION

HAHN Group Gmbh

Recent Developments 

•  In January 2022, Stellantis N.V. is a Dutch multinational vehicle manufacturer that emerged from merging PSA and Fiat Chrysler Automobiles. The company installed 11 collaborative robot arms from Universal Robots (UR) at its Mirafiori factory in Turin, Italy, to automate a number of complicated assembly line activities and quality controls for the new Fiat 500 electric vehicle.

• In December 2023, ABB Robotics and XtalPi formed a strategic cooperation to manufacture a line of automated laboratory workstations in China. The new automated laboratories will increase the efficiency of R&D operations in biopharmaceuticals, chemical engineering and chemistry, and new energy materials.

Conclusion

The collaborative robot market is a dynamic and rapidly evolving sector that is transforming the way industries approach automation. With their ability to work safely alongside humans, ease of integration, and cost-effectiveness, cobots are well-positioned to disrupt traditional manufacturing and production systems. As businesses continue to face challenges such as labor shortages, safety concerns, and the need for operational flexibility, the demand for collaborative robots will only continue to grow. 

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Collaborative Robots Market Trends: Driving Industrial Growth with Advanced Automation and Human Collaboration

The collaborative robots market has witnessed remarkable growth in recent years. These robots are designed to work alongside humans, combining precision, efficiency, and adaptability in various industries. Unlike traditional industrial robots, cobots are built with safety features like force-limiting sensors, ensuring seamless human-robot interaction without the need for physical barriers.

Key Market Trends

Rising Demand Across Industries The adoption of cobots is increasing in sectors such as manufacturing, healthcare, logistics, and agriculture. In manufacturing, cobots are enhancing assembly line efficiency by handling repetitive tasks, allowing workers to focus on complex operations. In healthcare, cobots assist in rehabilitation and surgical procedures, showcasing their versatility.

Integration of AI and Machine Learning Artificial intelligence (AI) and machine learning (ML) are driving significant advancements in cobot capabilities. AI-powered cobots can learn and adapt to tasks more efficiently, improving performance over time. This adaptability is particularly beneficial in dynamic environments like warehouses and production facilities.

Focus on Small and Medium Enterprises (SMEs) SMEs are increasingly adopting cobots due to their affordability and ease of deployment. Unlike traditional robots, cobots require minimal infrastructure changes, making them accessible to businesses with limited budgets. This democratization of robotics technology is a key driver of market expansion.

Enhanced Safety Features Cobots are equipped with state-of-the-art safety technologies, such as collision detection and motion control. These features allow cobots to operate safely in close proximity to humans, reducing workplace accidents and fostering trust in automation systems.

Regional Growth Dynamics The cobot market is expanding rapidly in regions like Asia-Pacific, Europe, and North America. Asia-Pacific leads the adoption due to its robust manufacturing sector and supportive government initiatives. Meanwhile, Europe emphasizes research and development, driving technological innovation in cobots.

Challenges and Opportunities

While the cobot market shows immense potential, challenges remain. High initial investment costs, lack of skilled operators, and concerns about job displacement are some hurdles. However, advancements in technology and government incentives are mitigating these challenges. As automation becomes a necessity rather than a luxury, cobots are poised to play a pivotal role in the future of work.

Future Outlook

The collaborative robots market is expected to grow exponentially, driven by ongoing innovation and the need for efficient automation solutions. Emerging applications in fields like e-commerce, pharmaceuticals, and food and beverage processing further underscore the market's potential. By 2030, the cobot market is projected to exceed $15 billion, reflecting its importance in the evolving industrial landscape.

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The global collaborative robot market is projected to reach $6,972.6 million by 2033 from $2,104.2 million in 2023, growing at a CAGR of 12.73% during the forecast period 2023-2033.

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How can Mobile Collaborative Robots Automate Processes in Industrial Settings?

The need for automated processes in industries is on a rise. This can be ascribed to the surging complexity of processes, high labor costs, labor shortage, and the need for enhancing productivity in industries. With the increasing population and growing disposable income across the globe, the demand for different products has risen substantially as well. In order to fulfill these demand, it is important for industries to operate in an efficient and productive manner.

Because of this, industries are increasingly employing automation solutions, such as mobile collaborative robots (mobile cobots), all over the globe. These devices have the ability to operate around humans without enhanced supervision. By deploying these solutions, industries can decrease downtime between tasks, reduce time needed for changeovers, and enhance performance for picking tasks. It is because of such advantages that the global mobile collaborative robots market is expected to grow at a considerable pace in the coming years.

The demand for mobile cobots is particularly increasing in the automotive industry. These devices offer a number of advantages, including standardization in the production process and high-quality output, which is why their adoption in the automotive manufacturing industries is growing swiftly. Mobile cobots can further handle multiple tasks, such as material handling, welding, and assembling, which is an added advantage for automotive industries. These robots further offer the amount of automation that is needed in industries these days.

The global mobile collaborative robot market is expected to attain a revenue of $6.8 billion by 2030, increasing from $543.3 million in 2019, and is projected to witness a robust growth of 26.3% during the forecast period (2020–2030). On the basis of application, the market is divided into assembling, machine tending, welding, material handling, and pick & place, out of which, the assembling division is expected to register the fastest growth during the forecast period. Such operations need mobile cobots for decreasing the time need for assembly.

When end user is taken into consideration, the market is categorized into electronics, healthcare, aerospace & defense, manufacturing, mining & mineral, retail, agriculture, and automotive. Among these, the electronics industry is creating significant demand for mobile cobots, primarily because of the swift expansion of the industry. These robots are being used in the industry for enhancing productivity and for performing tasks that otherwise become monotonous and repetitive for humans.

Geographically, the Asia-Pacific (APAC) region held the largest share of the mobile collaborative robot market in the past and is further predicted to progress at the fastest pace during the forecast period. Within the region, Japan and China are making the most use of mobile collaborative robots, owing to the rising government support for increasing the sales of electric vehicles through incentives and subsidies. Moreover, the rapidly expanding consumer electronics industry is also driving the demand for mobile collaborative robots in the region.

In conclusion, the market is being driven by the increasing demand for mobile collaborative robots from the automotive industry and need for automated solutions in industries.     

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Collaborative Robots: Bridging the Gap Between Humans and Machines

Collaborative Robots Industry Overview

The global collaborative robot market size is anticipated to reach USD 11.64 billion by 2030, exhibiting a CAGR of 31.6% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.

Over the past few years, the growing interest in robot technology across various industries has positively impacted the collaborative robots industry. Unlike conventional industrial robots, cobots are developed to operate at par with their human counterparts. They are mobile and can be easily moved from one area of a manufacturing facility to another. Moreover, they can be programmed with ease, are more cost-effective than their fixed counterparts, and can be used in a wide range of low-speed, repetitive applications.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

The increasing need for highly efficient and user-friendly robots that do not require highly skilled experts for deployment and functioning has created a significant demand for software platforms. These platforms allow the integration of robots, motion control, and the generation of an interface that enables the programming of such robots. For instance, Mitsubishi Electric Corporation has launched a cobot named MELFA ASSISTA equipped with RT VisualBox, the company’s engineering software. This software allows the intuitive creation of operating sequences by connecting block diagrams in a chain of events, including linking with other devices, such as cameras and the hands of the robot.

The increasing demand from industrial customers, researchers, and engineers further strengthens the outlook of the collaborative robots industry. These robots are being deployed across various industries and have been highly influential in addressing the challenges faced by the logistics sector, such as complex work processes, and managing several tasks in different combinations and compact spaces.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global artificial intelligence in marketing market size was estimated USD 20,447.1 million in 2024 and projected to grow at a CAGR of 25.0% from 2025 to 2030. 

The global charging as a service market size was estimated at USD 338.3 million in 2024 and is expected to grow at a CAGR of 25.0% from 2025 to 2030. 

Collaborative Robot Market Segmentation

Grand View Research has segmented the global collaborative robot market report based on payload capacity, application, industry vertical, and region:

Collaborative Robot  Payload Capacity Outlook (Revenue, USD Million, 2018 - 2030)

Up to 5Kg

Up to 10Kg

Above 10Kg

Collaborative Robot Application Outlook (Revenue, USD Million, 2018 - 2030)

Assembly

Pick & Place

Handling

Packaging

Quality Testing

Machine Tending

Gluing & Welding

Others

Collaborative Robot Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

Automotive

Food & Beverage

Furniture & Equipment

Plastic & Polymers

Metal & Machinery

Electronics

Pharma

Others

Collaborative Robot Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Asia Pacific

China

Australia

Japan

India

South Korea

Latin America

Brazil

Middle East & Africa

South Africa

Saudi Arabia

UAE

Key Companies profiled:

ABB Group

DENSO Corporation

Epson America Inc.

AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD

Comau S.p.A.

Energid Technologies Corporation

Fanuc Corporation

KUKA AG

Rethink Robotics GmbH

Robert Bosch GmbH

Techman Robot Inc.

Universal Robots

Yaskawa Electric Corporation

Precise Automation, Inc.

MRK-Systems GmbH

Key Collaborative Robot Company Insights

Some of the key players operating in the market include ABB Group, and KUKA AG.

ABB Group operates in power, robotics, and automation technology. It has four business divisions, including electrification products, discrete automation and motion, process automation, and power grids. The company’s product offering includes a series of collaborative robots such as YuMi, GoFa, and SWIFTI. It has a vast geographic presence across North America, South America, Asia Pacific, Europe, and the Middle East and Africa.

KUKA AG is a German supplier of intelligent automation solutions, involved in the development, production, and sales of industrial robots, controllers, and related software. The company specializes in industrial robotics, service robotics, automation, software, and controllers. Its major business units include KUKA Industries, KUKA Robotics, KUKA Systems, and Swisslog.

Recent Developments

In September 2024, ABB Robotics (ABB Group) launched its new Ultra Accuracy feature for the GoFa collaborative robot family, achieving over ten times greater path accuracy than other cobots on the market, with a precision of 0.03 mm. This advancement addresses the growing demand for high precision in industries such as electronics, automotive, aerospace, and metal fabrication, where exact positioning is crucial for maintaining product quality. 

In July 2024, KUKA launched the “LBR iisy”, a collaborative robot designed to make robotics accessible to users with no prior experience. This innovative robot emphasizes simplicity, featuring a straightforward setup process that allows for quick unboxing and commissioning, even for those with minimal technical expertise.

In March 2024, At MODEX 2024, Schneider Electric unveiled its new line of collaborative robots, including the Lexium RL 3 and RL 12 models, with the Lexium RL 18 set to launch later this year. These robots are designed for high-speed motion and can control up to 130 axes from a single processor, addressing challenges in production flexibility and sustainability for manufacturers.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robot Market To Observe Strong Development By 2030 - Cost and Profit Status

In 2024, the global collaborative robot (cobot) market was valued at an estimated USD 2.14 billion, with projections for rapid growth at a compound annual growth rate (CAGR) of 31.6% from 2025 through 2030. This growth is largely attributed to a rising demand for automation across a range of industries, including manufacturing, healthcare, automotive, and logistics. Companies are increasingly seeking flexible and cost-effective automation solutions to enhance productivity and minimize human error. Cobots are uniquely positioned in this space, as they work safely alongside human operators without requiring expensive safety barriers. This characteristic makes cobots attractive to various industries, where they boost efficiency and productivity, thereby supporting market growth.

Cobots are known to offer a higher return on investment (ROI) than traditional industrial robots, which is a significant factor in their appeal. Their lower initial costs, combined with ease of programming and deployment, allow companies to quickly experience financial benefits. This feature is especially advantageous for small and medium-sized enterprises (SMEs), which may lack large capital resources but are keen to integrate automation to improve productivity. Cobots provide these businesses with an accessible and scalable solution for automation without the heavy investment typically associated with traditional robotics.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Technological advancements are further propelling the cobot market. Artificial intelligence (AI), machine learning, and 5G integration are significantly enhancing cobot capabilities. These technologies improve cobots’ ability to execute complex tasks with greater accuracy, safety, and efficiency while enabling them to operate seamlessly alongside human workers. Enhanced sensor technology, real-time data processing, and increased connectivity through 5G have allowed cobots to work more collaboratively and adaptively, driving the adoption of cobots and expanding their applications in diverse environments.

A growing focus on workplace safety is also a key factor supporting the adoption of cobots. Designed with advanced safety features, cobots can operate safely around human workers without extensive barriers, promoting safer, ergonomic work environments. They reduce the physical strain on employees by handling repetitive or labor-intensive tasks, which lowers the risk of work-related injuries. This emphasis on safety and ergonomics is expected to drive cobot adoption further, as businesses aim to protect workers while improving productivity.

Industry Vertical Segmentation Insights:

In 2024, the automotive sector led the cobot market, driven by its high adoption of automation technologies. In automotive manufacturing, cobots perform tasks such as assembly, welding, and painting with high precision, enhancing overall productivity. The ability of cobots to work alongside human operators without extensive safety barriers enables automotive manufacturers to streamline workflows, reduce production costs, and minimize downtime. Additionally, the automotive industry’s commitment to innovation and efficiency continues to drive demand for cobots, establishing them as crucial tools in modern automotive production environments, thereby fueling segment growth.

The electronics industry is anticipated to experience the fastest CAGR from 2025 to 2030. The growing complexity of electronic manufacturing, which demands high precision and consistency, is a primary factor driving this growth. Cobots excel in performing tasks such as dispensing, labeling, and assembling intricate electronic components with repeatability, which is essential in electronics production. Technological advancements, including improved sensors and AI-based enhancements, have further extended the capabilities of cobots, enabling them to handle increasingly complex and delicate tasks in the electronics industry efficiently. This combination of precision and adaptability positions cobots as key assets in the fast-evolving electronics manufacturing sector.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robot Market Size, Share, Opportunities and Growth Analysis to 2030

Collaborative Robot Market by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region - Global Forecast to 2030

The Collaborative Robot marketis projected to grow from USD 1.9 billion in 2024 and is projected to reach USD 11.8 billion by 2030; it is expected to grow at a CAGR of 35.2% from 2024 to 2030. The growth of the Collaborative Robot market is driven by higher return on investment than traditional industrial robotic systems; increased demand in e-commerce and logistics sectors; significant benefits in businesses of all sizes; easy programming of cobots.

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Collaborative Robot Industry - Overview, Trends, Key Drivers and Growth Forecasts Till 2030

In 2024, the global collaborative robot (cobot) market was valued at an estimated USD 2.14 billion, with projections for rapid growth at a compound annual growth rate (CAGR) of 31.6% from 2025 through 2030. This growth is largely attributed to a rising demand for automation across a range of industries, including manufacturing, healthcare, automotive, and logistics. Companies are increasingly seeking flexible and cost-effective automation solutions to enhance productivity and minimize human error. Cobots are uniquely positioned in this space, as they work safely alongside human operators without requiring expensive safety barriers. This characteristic makes cobots attractive to various industries, where they boost efficiency and productivity, thereby supporting market growth.

Cobots are known to offer a higher return on investment (ROI) than traditional industrial robots, which is a significant factor in their appeal. Their lower initial costs, combined with ease of programming and deployment, allow companies to quickly experience financial benefits. This feature is especially advantageous for small and medium-sized enterprises (SMEs), which may lack large capital resources but are keen to integrate automation to improve productivity. Cobots provide these businesses with an accessible and scalable solution for automation without the heavy investment typically associated with traditional robotics.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Technological advancements are further propelling the cobot market. Artificial intelligence (AI), machine learning, and 5G integration are significantly enhancing cobot capabilities. These technologies improve cobots’ ability to execute complex tasks with greater accuracy, safety, and efficiency while enabling them to operate seamlessly alongside human workers. Enhanced sensor technology, real-time data processing, and increased connectivity through 5G have allowed cobots to work more collaboratively and adaptively, driving the adoption of cobots and expanding their applications in diverse environments.

A growing focus on workplace safety is also a key factor supporting the adoption of cobots. Designed with advanced safety features, cobots can operate safely around human workers without extensive barriers, promoting safer, ergonomic work environments. They reduce the physical strain on employees by handling repetitive or labor-intensive tasks, which lowers the risk of work-related injuries. This emphasis on safety and ergonomics is expected to drive cobot adoption further, as businesses aim to protect workers while improving productivity.

Industry Vertical Segmentation Insights:

In 2024, the automotive sector led the cobot market, driven by its high adoption of automation technologies. In automotive manufacturing, cobots perform tasks such as assembly, welding, and painting with high precision, enhancing overall productivity. The ability of cobots to work alongside human operators without extensive safety barriers enables automotive manufacturers to streamline workflows, reduce production costs, and minimize downtime. Additionally, the automotive industry’s commitment to innovation and efficiency continues to drive demand for cobots, establishing them as crucial tools in modern automotive production environments, thereby fueling segment growth.

The electronics industry is anticipated to experience the fastest CAGR from 2025 to 2030. The growing complexity of electronic manufacturing, which demands high precision and consistency, is a primary factor driving this growth. Cobots excel in performing tasks such as dispensing, labeling, and assembling intricate electronic components with repeatability, which is essential in electronics production. Technological advancements, including improved sensors and AI-based enhancements, have further extended the capabilities of cobots, enabling them to handle increasingly complex and delicate tasks in the electronics industry efficiently. This combination of precision and adaptability positions cobots as key assets in the fast-evolving electronics manufacturing sector.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robots Market Size, Share, and Trends Report 2030

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and automate manufacturing tasks. Technological advancements in cobot capabilities further fuel this growth, making them an appealing solution for SMEs.

The integration of artificial intelligence (AI) and machine learning (ML) in cobots is enhancing their adaptability, enabling cobots to learn from human operators and improve over time, which is greatly enhancing productivity and efficiency in various industries. Additionally, the advent of 5G technology is poised to stimulate cobot adoption, especially in manufacturing. An example of this is Nokia’s industrial-grade 5G wireless network designed to meet Industry 4.0 requirements. The low-latency connectivity of 5G enables Original Equipment Manufacturers (OEMs) to improve robotic automation, leading to significant gains in productivity, quality, and efficiency.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Cobots also contribute to workplace safety by reducing the number of workplace accidents, as they can handle repetitive or dangerous tasks, minimizing human exposure to hazardous conditions. Furthermore, cobots significantly improve product quality, which is driving their demand across multiple sectors. Industries such as electronics, automotive, logistics, machine tooling, packaging, and assembly are increasingly adopting cobots, positioning the market for sustained growth.

Retailers and e-commerce giants are also embracing robotic technologies, particularly in logistics and supply chain management. These companies are leveraging robotics to support warehouse operations, which helps improve speed, accuracy, and efficiency in managing logistics. The rising demand for cobots in logistics is anticipated to offer lucrative growth opportunities for the market in the coming years.

Application Segmentation Insights:

In terms of applications, the gluing and welding segment is expected to experience the highest CAGR over the forecast period. Cobots are gaining popularity in this segment due to the advantages they offer, such as reduced material waste, consistent quality, and increased output. This appeal is attracting attention from marketers and industry leaders. Meanwhile, the assembly segment captured a significant revenue share of approximately 23.0% of the collaborative robots’ market in 2022. The growth in this segment can be attributed to the use of cobots in handling simple and repetitive tasks as well as in supporting complex assembly operations.

The increasing demand for assembly-related activities, such as nut driving, bolting, insertion, and part fitting, from SMEs and large enterprises is driving growth in this segment. The use of cobots in assembly not only enhances productivity but also reduces the risk of injuries, making them a valuable asset for businesses aiming to streamline assembly processes safely.

The pick and place segment is projected to grow at a CAGR of around 31% over the forecast period. This growth is driven by the rising need for precision and efficiency in inventory handling, as cobots are widely used in pick-and-place applications across multiple industries to increase accuracy and minimize shrinkage. Cobots’ compact size and lightweight structure make them an ideal choice for facilities with limited space, further boosting their demand in this segment.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robots Market To Deliver Prominent Growth & Striking Opportunities

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and automate manufacturing tasks. Technological advancements in cobot capabilities further fuel this growth, making them an appealing solution for SMEs.

The integration of artificial intelligence (AI) and machine learning (ML) in cobots is enhancing their adaptability, enabling cobots to learn from human operators and improve over time, which is greatly enhancing productivity and efficiency in various industries. Additionally, the advent of 5G technology is poised to stimulate cobot adoption, especially in manufacturing. An example of this is Nokia’s industrial-grade 5G wireless network designed to meet Industry 4.0 requirements. The low-latency connectivity of 5G enables Original Equipment Manufacturers (OEMs) to improve robotic automation, leading to significant gains in productivity, quality, and efficiency.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Cobots also contribute to workplace safety by reducing the number of workplace accidents, as they can handle repetitive or dangerous tasks, minimizing human exposure to hazardous conditions. Furthermore, cobots significantly improve product quality, which is driving their demand across multiple sectors. Industries such as electronics, automotive, logistics, machine tooling, packaging, and assembly are increasingly adopting cobots, positioning the market for sustained growth.

Retailers and e-commerce giants are also embracing robotic technologies, particularly in logistics and supply chain management. These companies are leveraging robotics to support warehouse operations, which helps improve speed, accuracy, and efficiency in managing logistics. The rising demand for cobots in logistics is anticipated to offer lucrative growth opportunities for the market in the coming years.

Application Segmentation Insights:

In terms of applications, the gluing and welding segment is expected to experience the highest CAGR over the forecast period. Cobots are gaining popularity in this segment due to the advantages they offer, such as reduced material waste, consistent quality, and increased output. This appeal is attracting attention from marketers and industry leaders. Meanwhile, the assembly segment captured a significant revenue share of approximately 23.0% of the collaborative robots’ market in 2022. The growth in this segment can be attributed to the use of cobots in handling simple and repetitive tasks as well as in supporting complex assembly operations.

The increasing demand for assembly-related activities, such as nut driving, bolting, insertion, and part fitting, from SMEs and large enterprises is driving growth in this segment. The use of cobots in assembly not only enhances productivity but also reduces the risk of injuries, making them a valuable asset for businesses aiming to streamline assembly processes safely.

The pick and place segment is projected to grow at a CAGR of around 31% over the forecast period. This growth is driven by the rising need for precision and efficiency in inventory handling, as cobots are widely used in pick-and-place applications across multiple industries to increase accuracy and minimize shrinkage. Cobots’ compact size and lightweight structure make them an ideal choice for facilities with limited space, further boosting their demand in this segment.

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.

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Collaborative Robots Market expected to show significant growth over the forecast period

The global collaborative robots (cobots) market was valued at USD 1.23 billion in 2022 and is expected to grow significantly at a compound annual growth rate (CAGR) of 32.0% from 2023 to 2030. This growth is largely driven by the increasing adoption of cobots in Small and Medium Enterprises (SMEs), where companies are investing in these robots to work alongside humans in shared spaces and…