Collaborative Robots Market Size, Emerging Trends, Forecasts, and Analysis 2023-2029
The collaborative robots market is expected to grow from USD 1.13 billion in 2022 to USD 11.68 billion by 2029 at a CAGR of 39.6% during the forecast period.
Collaborative robots, also known as cobots, are robotic systems designed to work alongside humans in a shared workspace. Unlike traditional industrial robots that operate in isolation, cobots are designed to be safe and flexible, allowing humans to work alongside them without the need for protective barriers or specialized training.
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