#Collaborative Robotics Market

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Collaborative Robot Market Growth in the US : Driving Efficiency and Innovation From 2024 To 2030 As Revealed In New Report The Collaborative Robot Market in the US is experiencing rapid growth, driven by increasing automation in industries such as manufacturing, healthcare, and logistics

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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 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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The Collaborative Robot Market in the US is experiencing rapid growth, driven by increasing automation in industries such as manufacturing, healthcare, and logistics

Driving Efficiency and Innovation: The Growth of the U.S. Collaborative Robot Market

The cobot market in the United States is growing further, driven by significant investments into automation, along with the emerging workforce-related challenges and push for higher efficiency in manufacturing processes. These are areas said to primarily adopt cobots, focusing on increasing the precision and output of production and manufacturing tasks. Automotive would be one of these industries that represent a significant part of U.S. GDP, which is a major driver, with vehicle sales expected to increase by 7% by 2027. This directly correlates with increased cobot adoption in assembly lines and manufacturing processes.

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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…

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The global collaborative robot (cobot) 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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Collaborative Robots Market Size, Share, Growth and Industry Trends, 2030

The global collaborative robots market size is anticipated to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% 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.

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.

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

Detailed Segmentation:

Application Insights

The gluing & welding segment is expected to witness the highest CAGR over the forecast period, which can be attributed to various benefits offered by cobots such as reduced waste, increased consistency, quality, and output product gaining attention from marketers. The assembly application segment captured a sizeable revenue share of around 23.0% across the collaborative robots market in 2022, owing to the increased usage of cobots for combining easy and repetitive tasks and supporting complex assembly processes.

Payload Capacity Insights

The up to 5kg payload capacity segment held a revenue share of more than 44% in 2022 and is anticipated to show remarkable growth in the future owing to its wide range of attributes. They are light in weight and offer flexibility while optimizing low-weight collaborative processes such as picking, placing, and testing. The launch of advanced cobots in this payload capacity range is opening new growth opportunities for the market. For instance, in March 2021, Comau S.p.A. launched a cost-effective cobot named Racer-5 suitable for packaging and warehousing. This advanced cobot works at an industrial speed of up to 6 m/s and has a 5kg payload capacity which facilitates seamless operations.

Vertical Insights

The automotive segment accounted for a revenue share of more than 24% in 2022 and is expected to grow substantially over the forecast period. The growth can be largely attributed to the increased adoption of collaborative robots owing to their ability to reduce floor space and the cost of production downtime. In addition to this, they find important usage in spot and arc welding, assembling parts, painting, coating, etc. Furthermore, the implementation of collaborative robots helps the automotive industry to increase productivity, resulting in increased demand over the forecast period.

Regional Insights

Europe is a remunerative hub for collaborative robots and captured a significant revenue share of more than 30.0% in 2022. This can be chiefly credited to the enormous application of collaborative robots across various verticals, including logistics, electronics, and inspection. Moreover, various advantages such as efficient manufacturing optimization solutions and increased collaboration offered by automation at the workplace are also expected to support the market expansion.

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

• The global robotic platform market size was estimated at USD 9.97 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

• The global drone charging station market size was estimated at USD 0.43 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030.

Key Companies & Market Share Insights

The major companies operating in the collaborative robots industry are inclined to introduce innovative offerings to gain a competitive edge in the market. For instance, in February 2021, ABB Group expanded its collaborative robot portfolio with the introduction of the SWIFTI and GoFa cobot range, delivering higher speeds and payloads. This new range complements ABB’s cobot line-up of YuMi and Single Arm YuMi and is faster, stronger, and more capable.

It has been designed to support high-growth segments such as consumer goods, electronics, healthcare, logistics, food, and beverage, etc. Additionally, in November 2022, Epson America, Inc. announced the expansion of the VT6L-Series through the launch of the VT6L-DC All-in-One 6-Axis Robot. The newly launched product is ideal for mobile solutions and delivers next-level technology that helps to improve operational efficiency. 

Some prominent players in the global collaborative robots market include:

• ABB Group

• DENSO Robotics

• Epson Robots

• Energid Technologies Corporation

• F&P Robotics AG

• Fanuc Corporation

• KUKA AG

• MRK-Systeme GmbH

• Precise Automation, Inc

• Rethink Robotics, Inc

• Robert Bosch GmbH

• Universal Robots A/S

• Yaskawa Electric Corporation

• MABI Robotic AG

• Techman Robot Inc.

• Franks Emika Gmbh

• AUBO Robotics

• Comau S.p.A.

Collaborative Robots Market Segmentation

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

Collaborative Robots Payload Capacity Outlook (Revenue, USD Billion, 2018 - 2030)

• Upto 5kg

• Upto 10kg

• Above 10kg

Collaborative Robots Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Assembly

• Pick & Place

• Handling

• Packaging

• Quality Testing

• Machine Tending

• Gluing & Welding

• Others

Collaborative Robots Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive

• Food & Beverage

• Furniture & Equipment

• Plastic & Polymers

• Metal & Machinery

• Electronics

• Pharma

• Others

Collaborative Robots Regional Scope (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

• Asia Pacific

o China

o Japan

o India

• South America

o Brazil

• Middle East and Africa

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

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