Collaborative robot market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the collaborative robot market to exhibit a CAGR of 44.5% for the forecast period of 2021-2028. Collaborative robot is basically a type of robot which has the capability to perform multiple tasks that are assisted by the humans. Generally, the collaborative robots have additional features, such as hand guiding, speed and separation monitoring, safety monitored stop and power and force limiting. They are used in multiple verticals, which include supply chain management, manufacturing, and healthcare.
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