Global Collaborative Robots Market report, market size, share, trends, analysis and forecast to 2028

Stratistics MRC's Global Collaborative Robots Market value is expected to reach $15.04 billion growing at a CAGR of 41.5% during 2022-2028.

Collaborative robots are human-scale robots that execute activities alongside human agents in a demanding environment while remaining mobile and productive on the work floor. They are constructed with safety features including integrated sensors, passive compliance, and over current detection to operate with humans. Additionally, these external forces get detected by the inbuilt sensors, which cause the robot to cease moving if the force is too great. Furthermore, combination of sensor data and simple technology including artificial intelligence & machine learning aids these robots to navigate in dynamic real-world environments & make real-time decisions.

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By geography, North America is projected to hold the largest share in the market. The primary reason for the growth of the market is the increasing adoption of these collaborative robots across numerous industries. Moreover, there has been significant adoption of robotic surgery in the United States. In order to build brand image and competitive advantage, robotic surgery has become the most rapidly adopted medical device over the past two decades. This is likely to fuel the need for robots in the medical and healthcare sector in the region.

Some of the key players profiled in the Collaborative Robots Market include ABB, AUBO Robotics, MABI Robotic, Precise Automation, Productive Robotics Inc, Rethink Robotics, Robert Bosch, Techman Robot, Carbon Robotics, Doosan Robotics, Franka Emika, Hanwha Precision Machinery, Kawada Robotics, Universal Robots, and YASKAWA Robotics India Limited.

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