The global collaborative robot market size was estimated at USD 2.14 billion in 2024 and is projected to reach USD 11.64 billion by 2030, growing at a CAGR of 31.6% from 2025 to 2030. This robust market growth is primarily driven by the increasing adoption of automation across multiple industries, including manufacturing, healthcare, automotive, and logistics, as companies seek more efficient ways to optimize operations and reduce labor-intensive tasks.
Organizations across sectors are looking for cost-effective and flexible automation solutions that can enhance productivity, reduce human errors, and improve operational efficiency. Collaborative robots, or cobots, provide a distinctive advantage by safely working alongside human operators without the need for expensive safety barriers. This capability allows businesses to integrate automation into existing workflows seamlessly, which is fueling broader adoption of cobots and driving market growth.
Cobots also offer a higher return on investment (ROI) compared to traditional industrial robots. Their lower upfront costs, combined with ease of programming and deployment, enable companies to quickly realize financial benefits. This feature is especially attractive to small and medium-sized enterprises (SMEs), which often operate with limited budgets but require automation solutions that can significantly enhance productivity without large capital expenditures.
Technological advancements are further accelerating the growth of the collaborative robot market. The integration of artificial intelligence (AI), machine learning, and 5G connectivity is expanding the capabilities of cobots, allowing them to perform complex and precise tasks more efficiently. These technologies also enhance the cobots’ ability to work safely alongside human operators, improving workflow coordination, reducing errors, and increasing overall productivity. As a result, the continuous innovation in cobot technology is expected to sustain the rapid expansion of the market over the forecast period.
Key Market Trends & Insights:
• The collaborative robots market in the Asia Pacific region captured the largest revenue share of over 38% in 2024, driven by rapid industrialization, growing automation adoption across various sectors, and supportive government initiatives promoting robotics and smart manufacturing. The region’s strong manufacturing base, particularly in electronics and automotive, has significantly contributed to the demand for collaborative robots.
• Within the region, China held a substantial market share in 2024, reflecting the country’s position as a global hub for manufacturing and technology adoption. Factors such as large-scale industrial production, the presence of numerous robotics manufacturers, and government incentives for automation have bolstered China’s leading role in the collaborative robots market.
• Based on payload capacity, the up to 5kg segment accounted for the largest market share of over 43% in 2024. This segment’s dominance is attributed to the growing need for lightweight and flexible cobots capable of handling small parts, precision tasks, and delicate operations, making them highly suitable for industries such as electronics, consumer goods, and assembly lines.
• By application, the assembly segment accounted for the largest market share in 2024, driven by increasing automation in production lines to improve accuracy, speed, and productivity. Cobots in assembly processes reduce human errors, enhance efficiency, and provide flexibility in handling repetitive and labor-intensive tasks.
• By industry vertical, the electronics segment is expected to register the fastest CAGR from 2025 to 2030, fueled by the rising demand for consumer electronics, semiconductors, and precision electronic components. The adoption of collaborative robots in electronics manufacturing enables companies to achieve higher efficiency, maintain consistent quality, and meet the growing global demand for electronic products.
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Market Size & Forecast:
• 2024 Market Size: USD 2.14 Billion
• 2030 Projected Market Size: USD 11.64 Billion
• CAGR (2025-2030): 31.6%
• Asia Pacific: Largest market in 2024
Key Companies & Market Share Insights:
Some of the key players operating in the collaborative robots market include ABB Group and KUKA AG, both of which hold a strong position due to their advanced technologies, global presence, and extensive product portfolios.
• ABB Group operates across the power, robotics, and automation technology sectors, with its business organized into four major divisions: electrification products, discrete automation and motion, process automation, and power grids. The company offers a diverse range of collaborative robots, including popular models such as YuMi, GoFa, and SWIFTI, which are designed to work safely alongside human operators in various industrial applications. ABB has a broad geographic footprint spanning North America, South America, Asia Pacific, Europe, and the Middle East and Africa, enabling it to serve global customers efficiently and maintain a competitive edge.
• KUKA AG, headquartered in Germany, is a leading provider of intelligent automation solutions. The company is involved in the development, production, and sales of industrial robots, controllers, and related software. KUKA specializes in industrial robotics, service robotics, automation solutions, software, and control systems. Its primary business units include KUKA Industries, KUKA Robotics, KUKA Systems, and Swisslog, allowing the company to offer comprehensive solutions across different industrial sectors and maintain a strong market position.
In addition to these established players, several emerging participants are actively contributing to the growth of the collaborative robots market, including Energid Technologies Corporation and Fanuc Corporation.
• Energid Technologies Corporation, which was acquired by Teradyne, Inc., is a prominent developer of advanced robotic systems and software solutions. The company primarily serves sectors such as aerospace, agriculture, industrial, transportation, defense, and medical markets. Energid’s proprietary software platform, Actin, is specifically developed for commercial, industrial, and mission-oriented robots, enabling sophisticated motion control and autonomous operation capabilities.
• Fanuc Corporation is a global provider of automation products and services, including robots, robotic machines, computerized numerical control (CNC) systems, servo motors, and laser products. The company focuses on the production and distribution of robots and robotic solutions at scale, offering reliable automation technologies to a wide range of industries and supporting the growing adoption of collaborative robots worldwide.
Key Players
• ABB Group
• DENSO Corporation
• Epson America Inc.
• AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
• Comau S.p.A.
• Energid Technologies Corporation
• Fanuc Corporation
• KUKA AG
• Rethink Robotics GmbH
• Robert Bosch GmbH
• Techman Robot Inc.
• Universal Robots
• Yaskawa Electric Corporation
• Precise Automation, Inc.
• MRK-Systems GmbH
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Conclusion:
The collaborative robot (cobot) market is set for rapid expansion, driven by growing demand for flexible, cost-efficient automation across diverse industries like manufacturing, logistics, healthcare, and automotive. Technological advances — including AI, 5G, and smarter motion control — are making cobots safer, more capable, and easier to deploy. Their ability to work alongside humans without the need for extensive safety barriers, coupled with strong ROI especially for small and medium enterprises, is further accelerating adoption. Overall, cobots are emerging as a key enabler of the next wave of industrial automation.
