The collaborative robot (cobot) market has witnessed rapid growth from 2017 to 2023, reshaping industrial automation by providing safer, more flexible solutions in shared workspaces. Cobots, designed to work alongside humans, differ from traditional industrial robots in their emphasis on collaboration, easy programming, and lower total cost of ownership. This has opened doors to adoption across various industries, including manufacturing, electronics, and automotive, which are the primary sectors driving cobot demand. The market’s growth is attributed to these robots' capability to perform repetitive tasks while enhancing productivity and improving workplace safety.

By 2023, the cobot market's size had grown significantly in terms of revenue and unit sales, with millions in global sales revenue and thousands of units sold each year. Applications range widely, with assembly, pick-and-place, packaging, and quality inspection being the dominant areas. In 2023, manufacturing remained the top customer for cobots, with increased adoption in electronics and automotive sectors, where precision and efficiency are critical.

1      Market Snapshot

2.       Key Takeways

3.       Size Of The Collaborative Robot (Cobot) Market Worldwide From 2017 To 2023  (In Million U.S. Dollars)

4.       Size Of The Collaborative Robot Market In 2023, By Application (%)

5.       Global Cobot Sales From 2017 To 2023 In 1000 Units

6.       Worldwide Collaborative And Traditional Industrial Robots From 2017 To 2023 In 1000 Units

7.       Worldwide Annual Installation Of Industrial Robots From 2017 To 2023 In 1000 Units

8.       Worldwide Operation Stocks Of Industrial Robots From 2017 To 2023 In 1000 Units

9.       Worldwide Annual Installation Of Industrial Robots by Customer Industry 2023 In 1000 Units

10.   Worldwide Shares Of Major Industries Of Industrial Robots In 2023 (%)

11.   Worldwide Annual Installation Of Industrial Robots by Application 2023 In 1000 Units

12.   Annual Installation Of Industrial Robots By Region From 2018 To 2023 In 1000 Units

13.   Annual Installation of Industrial Robots in China vs. Rest of World in 2023

14.   China Annual Installation Of Industrial Robots From 2017 To 2023 In 1000 Units

15.   China Annual Installation Of Industrial Robots by Customer Industry 2023  In 1000 Units

16.   Japan Annual Installation Of Industrial Robots From 2017 To 2023 In 1000 Units

17.   Japan Annual Installation Of Industrial Robots by Customer Industry 2023 In 1000 Units

18.   United States Annual Installation Of Industrial Robots From 2017 To 2023 In 1000 Units

19.   United States Annual Installation Of Industrial Robots by Customer Industry 2023 In 1000 Units