PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742647
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742647
The Cobots Market is expected to grow from US$2,099.920 million in 2025 to US$4,242.232 million in 2030, at a CAGR of 15.10%.
Cobots, or collaborative robots, are designed to aid human beings in specific tasks, which are highly complex in nature and require high precision. These robots work in close association with humans. The robots can observe any unusual activity in their surroundings and can cooperate with humans without physical separation. Smaller, smarter, flexible, and user-friendly are some attributes that make cobots more attractive to be used in factories and industries.
Increasing competition across various industries, coupled with rising focus on automation, is driving the demand for Cobots. Moreover, the introduction of advanced robotic technologies and their attributes, such as user friendliness and safety, are some of the factors driving the growth of the global cobots market. The major market restraint is the high initial investment in the solutions and rigorous training program for the employees to interact with these robots, which requires significant time and capital expenditure, and leads to lower adoption by the enterprises.
Cobots Market Growth Drivers:
Cobots Market Restraints:
Collaborative Robots (Cobots) Market Segmentation