![Global Collaborative Robot Market](https://res.cloudinary.com/devmoveo/image/upload/v1714731421/skyquest/gallery/Global-Collaborative-Robot-Market.jpg)
Report ID: SQMIG25A2297
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Report ID:
SQMIG25A2297 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
132 |
Figures:
77
Global Collaborative Robots Market size was valued at USD 815.40 million in 2022 and is poised to grow from USD 914.88 million in 2023 to USD 2297.77 million by 2031, growing at a CAGR of 12.20% during the forecast period (2024-2031).
Robots designed specifically for working together with humans are known as collaborative robots. Growing acceptance of robots in different industry verticals and rising emphasis on promoting worker safety are projected to bolster the demand for collaborative robots over the coming years. The highly affordable nature of collaborative robots is also promoting their adoption across multiple industry verticals. Growing demand for automation and advancements in robotic technologies are also expected to favor the global collaborative robots market growth in the future. On the contrary, complexity in integration, resistance to change, and imposition of strict safety mandates for collaborative robots are expected to slow down the global collaborative robot demand outlook in the long run.
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Report ID: SQMIG25A2297