Collaborative Robot Market Projected to Reach $27.4 Billion By 2032 | Allied Market Research
The global collaborative robot market was valued at $1.4 billion in 2022, and is projected to reach $27.4 billion by 2032, growing at a CAGR of 36.3% from 2023 to 2032.
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The Collaborative Robot (Cobot) Market is a rapidly growing sector characterized by robots designed to work alongside humans in various industries. With advancements in technology, Cobots enhance productivity, safety, and flexibility in tasks, driving market expansion across manufacturing, healthcare, and logistics.