What Is the Projected Growth of the Collaborative Robots Market?

The Collaborative Robots Market Size has been experiencing substantial momentum in recent years. The global collaborative robot market size was valued at USD 979.6 million in 2020 and is projected to grow from USD 1,358.2 million in 2021 and reach USD 16,387.3 million by 2028, exhibiting a CAGR of 42.7% during the forecast period. Asia Pacific dominated the market with a market share of 23.26% in 2020. This report explores key market trends, major growth drivers, and detailed market segmentation by [key segment categories].

The collaborative robots (cobots) market is growing as industries integrate human-robot collaboration for enhanced efficiency, flexibility, and workplace safety. AI-driven cobots, equipped with advanced sensors and machine learning capabilities, are transforming manufacturing and logistics operations. With increasing adoption in SMEs and large enterprises, the collaborative robots market is set for strong expansion.

Market Snapshot: Global Collaborative Robot (Cobot) Market

• The global collaborative robot market was valued at USD 979.6 million in 2020.

• The market is projected to grow from USD 1,358.2 million in 2021 to USD 16,387.3 million by 2028, showcasing an impressive CAGR of 42.7% during the forecast period.

• Asia Pacific led the market in 2020, holding a 23.26% share.

• Growth is fueled by increasing integration, rising demand for automation, and strong returns on investment for small and medium-sized enterprises (SMEs).

Market Trends and Drivers

• In 2020, the market experienced a lower growth rate of 38.1% compared to the average annual growth from 2017 to 2019, largely due to the global impact of COVID-19, which temporarily reduced demand for cobots.

• The sharp rise in CAGR is attributed to the market’s recovery and a return to pre-pandemic growth levels.

• Industry trends highlight growing adoption in hazardous environments, smart manufacturing, and government-supported automation initiatives.

• Major government programs like China’s "Made in China 2025" and India’s "Make in India" are actively promoting automation and collaborative robotics, driving regional market expansion.

Market Segmentation:

• By Payload Capacity: Up to 5 Kg, 6-10 Kg, 11 Kg and Above

• By Application: Welding, Material Handling, Quality Testing, Painting/Spraying, Assembling, Others

• By Industry: Automotive, Electronics & Semiconductors, Food & Beverages, Retail, Metal & Machining, Rubber & Plastic, Others

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Which Companies Are Leading in the Collaborative Robots Market?

Major companies operating in the semiconductor machinery market include Universal Robots (Headquarter: - Odense, Denmark), Rethink Robotics GmbH (Headquarter: - Massachusetts, U.S.), Denso Wave Incorporated (Headquarter: - Aichi Prefecture, Japan), Fanuc Corporation (Headquarter: - Yamanashi, Japan), Bosch Rexroth AG (Headquarter: - Lohr a. Main, Germany), ABB (Headquarter: - Zürich, Switzerland), Yaskawa America, Inc.- Motoman Robotics Div. (Headquarter: - Fukuoka, Japan), AUBO Robotics (Headquarter: - Tennessee, U.S.), Stäubli International AG. (Headquarter: - Freienbach, Switzerland), K2 Kinetics (Headquarter: - Pennsylvania, U.S.), Rethink Robotics (U.S.), MABI Robotic (Switzerland), FrankaEmika (Germany), F&P Robotics (Switzerland), Neura Robotics (Germany)

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

What comprehensive insights does the research report on Collaborative Robots provide, and which regions are analyzed in detail?

The research report on Collaborative Robots provides a comprehensive assessment of the market, offering strategic insights into future trends, growth drivers, supplier and demand landscapes, year-over-year (Y-o-Y) growth, compound annual growth rate (CAGR), and pricing dynamics. It also incorporates key business analytical frameworks such as Porter’s Five Forces, PESTLE Analysis, Value Chain Analysis, 4 Ps (Product, Price, Place, Promotion), Market Attractiveness Index, BPS (Basis Point Share) Analysis, and Ecosystem Mapping. Additionally, the report provides an in-depth regional analysis across major geographical markets, including:

• North America (U.S., Canada, Mexico)

• Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)

• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)

• South America (Brazil, Argentina, Rest of South America)

• Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
  These insights empower stakeholders to understand market dynamics, identify growth opportunities, and make strategic decisions across regions.

What Are the Recent Industry Developments in the Collaborative Robots Market?

• ABB Ltd. introduced a ""Wizard Easy Programming"" a block-based programming interface to keeping programming its single-arm YuMi cobot more easy. The company also claimed that it aims to make its cobots easier to set up for those who don't know how to program, decreasing the entrance barrier.

• Universal Robots introduced UR+ application kits to make the deployment of Cobots easier for small, medium, and big businesses, as well as innovative solutions at MODEX 2020 that demonstrated the use of cobots to automate difficult-to-staff operations like palletizing and piece-picking.

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