From GlobeNewswire: 2025-02-13 10:00:00

The Collaborative Robots Market was valued at USD 1.54 billion in 2023 and is projected to reach USD 20.8 billion by 2032, with a CAGR of 33.6%. Automation demand and AI advancements are driving adoption. Major players include Universal Robots, FANUC Corporation, and ABB Ltd. Europe leads the market, with Asia-Pacific showing the fastest growth rate.

In 2023, the up to 5kg payload capacity segment led the market, while the up to 10kg segment is expected to register the fastest CAGR. Automotive industry dominates the market, with the electronics sector expected to have the fastest growth. Assembly is the dominant application segment, with pick & place segment showing the fastest growth.

Recent developments in 2024 include Universal Robots launching an AI-powered cobot for automotive production and ABB Robotics introducing a pick & place cobot for the logistics sector. The market report includes insights on market dynamics, regional analysis, company profiles, and use cases. Asia-Pacific is expected to register the fastest CAGR, driven by rapid industrialization and government support for automation. The Collaborative Robots Market Analysis Report for 2024-2032 is available for access. For more information or customization, contact [email protected]. SNS Insider offers services such as Go-To-Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking. SNS Insider is a leading global market research and consulting agency, providing clients with up-to-date market data and consumer insights to make informed decisions confidently.



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