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Global Collaborative Robot Market

Global Collaborative Robot Market, By Payload (Up to 5Kg, 6-10 Kg, and Above 10 Kg), By Application (Material Handling, Packaging, Assembly, Pick and Place, Machine Tending, Inspection & Quality Testing, Welding, and Others), By End-User Industry (Plastic and Polymers, Food & Beverages, Furniture and Home Equipment, Electronic & Technology, Automotive, Aerospace, and Others), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Frequently Asked Questions (FAQ):

A collaborative robot is a robot that performs multiple tasks with the help of humans. These include additional features such as safety monitoring outages, manual guidance, speed and distance monitoring, and force and power limits.

The collaborative robot market size was valued at USD 1.33 Billion in 2021 and projected to reach USD 9.16 Billion by 2028, growing at a CAGR of 31.8% during the forecast period, 2022-2028.

The collaborative robot market is likely to grow significantly due to increased market penetration of sensor manufacturers and growing adoption of collaborative robots in SMEs and Large Enterprises.

Companies include Robert Bosch GmbH, ABB Ltd. Universal Robots, Kuka AG, Funuc Co., Denso Robotics, Yaskawa Electric Co., Precise Automation, OMRON Corporation, Rethink Robotics, Franka Emika, Bosch Rexroth AG, SIASUN, Hanwha Co., MIP Robotics, Kassow Robot, are the players in the global collaborative robot market.

The Asia Pacific region is estimated to have the maximum share in the global collaborative robot market.

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