Collaborative Robots Market revenue shall reach value of 12 202 Million in 2026 growing with a CAGR of 49.12% during the forecast period of 2019 to 2026. In terms of volume sales the market is anticipated to reach XX Units. A collaborative robot can interact with humans so that it can work as a human assistant. It is also known as Co-Bot.Co-bots are economical with inbuilt advance features. They are easy to carry and flexible capable of completing fewer weight tasks while robots with a weight of more than 10 kilograms are capable of competing big or heavyweight tasks. They can be easily deployed the floor space can be saved and the safety fence can be eliminated. Also sometimes they only require reprogramming to work on the second assembly line. They are used primarily for quality inspection in automotive industries.
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