This analysis examines potential growth opportunities for the collaborative robot (cobot) space across various global industries. Cobots are used in applications wherein they complement the work carried out by human workers rather than replace them. The growing shift toward flexible automation in multiple industries is driving widespread adoption of cobots. The focus on maintaining quality and enhancing operational efficiency while collaborating safely with humans, especially on repetitive tasks, appeals to customers across industries. Megatrends such as AI, industry-specific end effectors, mobile cobots, and innovative business models will enhance cobot functionalities and expand deployment options.

• How will the shortage of skilled labor and rising labor costs, coupled with no-code cobot programming, support reducing training and reprogramming costs?
• In what ways are cobots transforming manufacturing into a collaborative workplace, and what role do collision avoidance and predictive maintenance capabilities play in the same?
• What are the significant factors driving and restraining the growth of the global cobot landscape?