Collaborative Robot Market Expected To Grow With USD 11.64 Billion By 2030
San Francisco, 16 January 2025: The Report Collaborative Robot Market Size, Share & Trends Analysis Report By Payload Capacity (Up To 5kg, Up To 10kg, Above 10kg), By Application, By Industry Vertical, By Region, And Segment Forecasts, 2025 - 2030 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. ...