Collaborative robots worldwide - statistics & facts
While it might sound like something out of Star Wars, it is a fact that robots enable industries to lower production costs while improving the quality of their products and increasing productivity. The adoption of collaborative robots, or cobots, is one of the ways to achieve these goals. Driven by the trend of industrial automation, cobots are a fast-growing segment within the broader robotics market, mainly in the service robot segment. The global cobot market is expected to grow especially. As it is not a singular market segment but rather spread across multiple robot segments, its precise value is likely higher than the expected 20 billion U.S. dollars in 2024.
