Collaborative Robots in Manufacturing: A Game-Changer for Productivity
The global collaborative robot (cobot) market has witnessed remarkable growth and is set to soar to unprecedented heights in the coming decade. Valued at US$ 1.2 billion in 2023, the market is projected to expand at a CAGR of 26.1% from 2024 to 2034, reaching an estimated US$ 15.3 billion by 2034. The surge in demand for automation, workplace safety, and operational efficiency has positioned...
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