Collaborative Robot Sector: Growth Drivers and Challenges
Growth Drivers
- High Return on Investment as Compared to Traditional Industrial Robotic System
- Rising Adoption of Collaborative Robots Across Industry Verticals
Challenges
- Speed Limitations of Collaborative Robots Owing to their Inherent Design
Collaborative Robot Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
33.6% |
|
Base Year Market Size (2024) |
USD 2.04 billion |
|
Forecast Year Market Size (2037) |
USD 88.13 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of collaborative robot is estimated at USD 2.62 billion.
Collaborative Robot Market size was over USD 2.04 billion in 2024 and is anticipated to cross USD 88.13 billion by 2037, witnessing more than 33.6% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is estimated to hold largest revenue share by 2037, ascribed to increasing emphasis on the quality and precision of cobots, and rising adoption of automation and artificial intelligence technologies in the region.
The major players in the market are Fanuc Corporation, TechMan Robot Inc., Rethink Robotics GmbH, Universal Robot A/S, AUBO Robotics USA, and others.
