Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited guidance, which is what most industrial robots were up until the decade of the 2010s. Cobots can have many roles — from autonomous robots capable of working together with humans in an office environment that can ask you for help, to industrial robots having their protective guards removed as they can react to a human presence under EN ISO 10218 or RSA BSR/T15.1.
According to QYR study, the global revenue of Collaborative Robot (Cobot) was valued at 373.3 million USD in 2017, rising demand from safety and continuous development in the automation industry, and the global revenue of Collaborative Robot (Cobot) is forecast to reach 9767.8 million USD by the end of 2030.
Collaborative Robot (Cobot) are popular due to their high return on investment and low overall cost, attracting many small and medium sized enterprises (SMEs). Global manufactures mainly distributed in Europe, North America, Japan. Demand for Collaborative Robot (Cobot) is profoundly dependent on increase in automation industry. Universal Robots accounted for 58.04% of the global Collaborative Robot (Cobot) sales market share in 2017. Other players accounted for 12.70%, 12.59% including ABB and Kawasaki.

The Global Collaborative Robot (Cobot) Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Collaborative Robot (Cobot) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Universal Robots
Rethink Robotics
ABB
Fanuc
KUKA
Kawasaki
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Upto 5kg Cobot
5~10 kg Cobot
Above 10kg Cobot
In Market segmentation by applications :

Automotive
Electronics
Metal and Machining
Plastic and Polymers
Food and Beverages
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Collaborative Robot (Cobot) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Collaborative Robot (Cobot) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Collaborative Robot (Cobot) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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