What is the market size of collaborative robots?

As far as I know, the market size for collaborative robots, also known as cobots, has been consistently growing. However, specific figures can vary over time due to market dynamics, technological advancements, and industry developments.

The collaborative robotics market has been experiencing rapid expansion, driven by factors such as increased demand for automation, advancements in robotic technology, and the need for flexible and safe robotic solutions across various industries.

To obtain the most up-to-date and accurate information on market size, I recommend referring to industry reports, market research publications, and updates from reputable sources. Analyst firms like Market Research Future, Frost & Sullivan, and others often provide valuable insights into the current state and future projections of the collaborative robotics market.

The global market for collaborative robots is projected to reach USD 10.14 billion by 2025, with a compound annual growth rate (CAGR) of 44.5% during the forecast period. The increasing investment in automating manufacturing processes is driving the demand for collaborative robots, also known as cobots.

Over the years, research and development environments have utilized robots with embedded torque and force sensing technologies, leading to the increased adoption of collaborative robots in automation. While robots have been used in manufacturing for tasks such as assembly lines and welding, companies in the automotive industry that are new to automation may face challenges in programming robots. This has created a need for user-friendly robots that do not require highly skilled workers to deploy and operate, and that have low maintenance requirements. To address this, a common software platform has been developed, enabling the integration of robots, motion control, drives, and an interface that simplifies programming.

The demand for collaborative robots has been driven by the automotive industry, as well as by engineers and researchers. These robots also assist the packaging market and industries looking to increase their production rates. Collaborative robots are currently being used in various industries and are poised to make an impact in the logistics industry, overcoming challenges such as complex work processes and handling multiple tasks in compact spaces. The development of next-generation collaborative robots, capable of perceiving, moving, and reacting to the environment, will further increase the demand for cobots in logistics and other industry verticals. Therefore, the growing demand from the logistics sector is expected to drive the overall market for collaborative robots.

Key findings from the report include:

- The high demand for collaborative robots in various industrial applications is attributed to their high payload capacity. Cobots operate as assisting devices to humans, improving efficiency and work quality.
- Several countries are revitalizing the electronics and consumer goods industries, which is driving the demand for cobots. Additionally, small and medium enterprises (SMEs) prioritize higher return on investment, making affordable cobots particularly appealing to them and contributing to the overall market growth.