According to MarkNtel Advisors’ research report titled “Global Collaborative Robots (Cobots) Market Analysis, 2020”, the market size of Global Collaborative Robots market in terms of value is forecast to grow at a CAGR of around 45% during 2020-25, owing to the increasing investments by the manufacturers on automation of processes, market expansion across geographies and the business sectors, and converting their conventional processes into unmanned, automated processes. Furthermore, the technological advantages of the Cobots over the traditional industrial robots in terms of efficient human-machine interface (HMI), one-stop solution, and non-restricted, multi-variant functionalities across varied application areas has been boosting the Global Collaborative Robots market.