The Collaborative Robots Market is projected to see exponential growth in the coming years, driven by increasing demand for flexible, safe, and efficient automation across various industries. Cobots are transforming the way businesses approach automation by working alongside human operators, fostering collaboration, and enhancing productivity across multiple sectors. Key Takeaways: Market Expansion: The global collaborative …
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Collaborative Robots Market Expected to Hit USD 20.5 Billion by 2033, With a Robust 25.1% CAGR | FMI Reports
Collaborative Robots Market The global collaborative robots market is poised for rapid growth, with a compound annual growth rate (CAGR) of 25.1% during the forecast period. Valued at USD 2.2 billion in 2023, the market is expected to reach USD 20.5 billion by 2033. The integration of cobots into industrial operations has notably reduced workplace …
Collaborative Robots Market Valued at US$ 2.2 Billion in 2023 and Expected to Reach US$ 20.5 Billion by 2033, Driven by Rising Demand for Automation and Flexibility in Manufacturing
By the end of 2023, the global Collaborative Robots Market is expected to exceed US$ 2.2 billion. The collaborative robots market is expected to exceed US$ 20.5 billion by 2033, expanding at a staggering CAGR of 25.1% between 2023 and 2033, according to Future Market Insights. (FMI). Demand for collaborative robots is increasing due to …