Collaborative Robot Market Status, Growth Opportunities And Competitive Landscape till 2030
The global collaborative robot (cobot) market was valued at USD 2.14 billion in 2024 and is projected to grow significantly to reach USD 11.64 billion by 2030. This growth represents a robust compound annual growth rate (CAGR) of 31.6% during the forecast period from 2025 to 2030. The primary catalyst behind this rapid expansion is the escalating demand for automation across a broad spectrum of industries such as manufacturing, healthcare, automotive, and logistics. As organizations strive to enhance productivity, reduce operational costs, and minimize human error, collaborative robots are increasingly being recognized as a highly efficient, flexible, and affordable automation solution. Collaborative robots, commonly referred to as cobots, are designed to safely work alongside humans in a shared workspace, unlike traditional industrial robots that typically operate in isolated, caged environments. The key advantage of cobots lies in their ability to integrate seaml...