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 …

Collaborative Robots Market expanding at a staggering CAGR of 26% over the forecast period 2022-2029

The global Collaborative Robots Market is estimated to top US$ 1.71 Bn by the end of 2022. Introduction of advanced robots capable of working with humans in areas like smart parts assembly and electronics component production and assembly are fueling the demand for collaborative robots. A new market research study by Future Market Insights on the Collaborative Robots Market contains …