Collaborative Robots Market Further Fuels The Demand By 2025
Collaborative Robots Industry Overview The global collaborative robots market size was valued at USD 649.1 million in 2018 and is projected to expand at the CAGR of 44.5%, from 2019 to 2025. The collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. The growing adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factor driving growth. Emergence of robots working along with humans in areas like smart parts assembly and electronics product assembly further fuels the demand. Gather more insights about the market drivers, restrains and growth of the Global Collaborative Robots Market Increasing demand for performing tasks requiring higher payload capacity is expected to contribute to the rising demand. The ability of cobots to work effectively with employees in an uncaged environment has led to an increased installation in the industry. The co-ro...
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