Cobots: Collaborative Robots Working Safely Alongside Factory Workers

Collaborative robots growing 30%+ annually. Unlike caged industrial robots, cobots work safely with humans. Universal Robots leads ($500M+ revenue). Cost $25K-50K vs $100K+ traditional. SMEs adopt because no programming needed — physically guide to teach. Market projected $10B by 2030. Applications: assembly, packaging, quality inspection, machine tending.