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Collaborative Robots Market 2022–2029 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI
The global collaborative robots market is estimated to top US$ 1.71 Bn by the end of 2022. Introduction of advanced robots capable of working with humans in areas like smart parts assembly and electronics component production and assembly are fueling the demand for collaborative robots.
  • Collaborative robots with payload capacity up to 5kg are projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5–10kg payload capacity collaborative robots.
  • Based on application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in several end-use industries. The general assembly is another segment that is projected to have a fair share in the market growth.
  • The electronics and Semiconductors industry is projected to have a significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.