The Collaborative Robots Market is being driven by Rapid pace of industrialization in emerging economies
The Collaborative Robots Market is expected to grow at a CAGR of 18.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1600.5 million. The collaborative robots market is witnessing a significant trend towards new product launches, with manufacturers introducing advanced models to cater to the evolving industrial landscape. Delta Robotics, a leading player, recently unveiled its D-Bot series of 6-axis collaborative robots at ELECRAMA 2025 in India. These cobots, designed for smart manufacturing, support payloads of up to 30 kilograms and operate at speeds of 200 degrees per second. Targeted at industries such as electronics, packaging, and welding, the D-Bot series offers high-speed, high-payload solutions that align with the growing demand for scalable and intelligent automation. This strategic focus on enhancing performance, flexibility, and integration capabilities across diverse applications underscores the market's ongoing evolution.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
242 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.6% |
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Market growth 2025-2029 |
USD 1600.5 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
13.9 |
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Key countries |
US, Canada, UK, Japan, South Korea, Italy, China, France, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Collaborative Robots Market encompasses technologies such as 'Human-Robot Interaction' spaces, 'Force Feedback' and 'Haptic Feedback' systems, 'Intuitive Interfaces,' and 'Safety Features.' Robot mobility and 'Autonomous Navigation' are also key elements, along with advanced technologies like 'Artificial Intelligence,' 'Machine Learning,' 'Deep Learning,' 'Computer Vision,' 'Cloud Robotics,' 'Edge Computing,' and 'IoT Integration.' Data analytics, 'Remote Monitoring,' and 'Remote Operation' are essential for efficient management. Robot design, mechanics, kinematics, dynamics, control theory, calibration, installation, commissioning, performance evaluation, lifecycle management, maintenance procedures, troubleshooting, repair, upgrade, safety training, operator training, and engineer training are crucial aspects of the market.
The Collaborative Robots market is a segment of the larger Industrial Machinery and Supplies and Components market, encompassing companies that manufacture machinery and components for robotic systems. According to Technavio's market analysis, the Industrial Machinery and Supplies and Components market size is determined by the combined revenue generated by manufacturers of machinery and components utilized in industrial settings. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, and the increasing demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages. This trend is leading to increased capacity additions and the adoption of advanced technologies, including Collaborative Robots, such as Articulated Robots, SCARA Robots, Delta Robots, and Cartesian Robots, which enable Human-Robot Collaboration and enhance productivity in industrial applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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