The Collaborative Robots Market is projected to reach USD 11.84 Billion by 2033, growing from USD 1.94 Billion in 2023, with a compound annual growth rate (CAGR) of 12.74% from 2023 to 2033. This market segment focuses on robots designed to work alongside humans across various applications. Equipped with advanced sensors and safety features, these robots facilitate safe human-robot interactions without the need for physical barriers. They are employed in sectors such as manufacturing, healthcare, and logistics to boost productivity, enhance efficiency, and streamline operations. Key drivers of the market include rising automation trends, increasing demand for flexible and agile production processes, and advancements in artificial intelligence and robotics technology.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Application (Handling, Assembling and Disassembling, Welding and Soldering, Others)
By Component (Hardware, Software)
By Industry (Automotive, Electronics, Metals and Machining, Others)
Key players
Universal Robots
Techman Robot
FANUC
KUKA
Doosan Robotics
AUBO Robotics
ABB
YASKAWA
Precise Automation
Rethink Robotics
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook