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Blockchain Press Releases

Collaborative Robot (Cobot) Market Size To Grow USD 1357.4 Million by 2029 at a CAGR of 8.2% | Valuates Reports




BANGALORE, India, Aug. 8, 2023 /PRNewswire/ — The Global Collaborative Robots (Cobot) Market is Segmented by Type (Below 5 kg, 5-10 kg, More Than 10 kg), by Application (Metal and Processing, Automobile, IT, Plastics and Polymers, Food and Beverage)

The Collaborative Robots Market is projected to reach USD 1357.4 Million in 2029, increasing from USD 771 Million in 2022, with a CAGR of 8.2% during the period of 2023 to 2029.

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Major Factors Driving the Growth of the Collaborative Robot (Cobot) Market:

The market for cobots is propelled by elements such as safety and teamwork, adaptability and flexibility, cost-effectiveness, labor shortages, advanced technology, Industry 4.0 efforts, safety requirements, ROI, and productivity improvements.


The adoption of collaborative robots, or cobots, by Small and Medium Enterprises (SMEs) is one factor contributing to the expansion. In order to engage with people in a shared office and automate industrial procedures, these businesses are investing more and more in cobots.

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Stages of the assembly process are frequently automated in manufacturing using cobots. They might move and screw in bolts or lift and set a hefty automobile roof. Robots are more suited to assembly process steps that require a great deal of repetition than people are.

Because of their compact size, they are simple to assemble, disassemble, and transfer across the factory without affecting how the production is organized. Programming is made possible for non-engineers as well, thanks to kinesthetic leading (hand guiding). Hand directing allows the user to move the arm around in space at will by just pressing a button on the teaching pendant (the robot’s controller). This allows the user to assign the task themselves. The demonstrated path is then logged and accessible for additional programming from the teaching pendant, which is typically simple to do. This procedure could take an hour.


Collaborative robots are especially intriguing for SMEs (small-medium-sized firms) that create a wide variety of items at a low volume due to the short changeover time.

The lack of a specialized work cell, which eliminates the need for fences and light curtains, is one of the main advantages of a cobot over a six-axis robot (although this is not always the case, depending on the application). This is due to the force limitations in the robot’s joints. This indicates that each joint has a force sensor, which adds a quick response in the event of a collision and causes the robot to halt. Additionally, when a person approaches the robot, extra sensors like laser sensors can be added to slow down or stop the robot.

Although collaborative robots may be less expensive than industrial robots (mostly due to their smaller size), the cost of the investment as a whole must also be considered.  The cost gap increases when all the ancillary considerations are considered.  As an illustration, it is cost-effective to do without a work cell and all that entails (hardware, labor, and time). Employee training is not required, and a robotics expert is not required to supervise or maintain operations. In contrast to industrial robots, it is optional. Cobots have a shorter ROI (return on investment) period than six-axis robots, which might take up to 18 months.

A second arm, which is not present in conventional industrial robots, is a feature that a few businesses have introduced to cobots. Two arms are thought to be advantageous for sensitive operations like tightening screws or assembling small pieces (like electronic components), which can speed up the process and increase flexibility.  Another use would be parallel bin picking. With two robotic arms, the task of scooping up small components from bins in haphazard positions can be completed more quickly. The difficulty of synchronizing the two arms to work together is one of the reasons why two-armed cobots are still not very common.

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With a share of the market of roughly 54%, Asia-Pacific is the biggest region. With a market share of around 29%, Europe is a laggard.

The major players include Kawasaki, KUKA, FANUC, Rethink Robotics, ABB, Universal Robots, and others. The top 3 corporations had around 74% of the market.

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Key Players:

  • Universal Robots
  • ABB
  • Rethink Robotics
  • Kawasaki
  • KUKA

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–  Programmable Robots market is projected to grow from USD 1957.7 million in 2023 to USD 3193.9 million by 2029, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.

–  Industrial Robot Controller Market


–  Parts Washer for Robotic Work Cell Market

–  Robot Track Motion Systems Market

–  Military Micro Robot Market

–  Smart Home Robotics Market

–  High-Speed Delta Robot Market


–  PV Cleaning Robot Market

–  PV Cleaning Robot Market

–  Shelf-mounted Robots market was valued at USD 6574.8 million in 2022 and is anticipated to reach USD 11030 million by 2029, witnessing a CAGR of 7.5% during the forecast period 2023-2029.

–  Robotic Rehabilitation and Assistive Technologies market is projected to grow from USD 1021.7 million in 2023 to USD 1568 million by 2029, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period.

–  Intelligent Surgical Robot Market


–  Autonomous Mobile Robots (AMR) market was valued at USD 1494.5 million in 2022 and is anticipated to reach USD 7938.4 million by 2029, witnessing a CAGR of 25.9% during the forecast period 2023-2029.

–  Building Delivery Robot Market

–  Industrial Cobot market was valued at USD 771 million in 2022 and is anticipated to reach USD 1661.4 million by 2029, witnessing a CAGR of 11.5% during the forecast period 2023-2029.

–  Hazardous Environment Waste Handling Robots Market

–  Gamma Ray-based Robot Market


–  Patient Monitoring and Assistance Robots Market

–  Foundry and Forging Robots Market

–  Food Robotics market size was USD 441.8 million and it is expected to reach USD 812.8 million by the end of 2027, with a CAGR of 9.1% during 2021-2027.

–  Agricultural Robots market size is estimated to be worth USD 5820.3 million in 2022 and is forecast to a readjusted size of USD 16120 million by 2028 with a CAGR of 18.5% during the review period.

–  Delivery Robot market size is estimated to be worth USD 20 million in 2022 and is forecast to a readjusted size of USD 50 million by 2028 with a CAGR of 16.5% during the review period.


–  The global automotive robotics market size was valued at USD 6.63 Billion in 2019, and is projected to reach USD 13.60 Billion by 2027, registering a CAGR of 12.8% from 2020 to 2027.

–  The global robotics market size was valued at USD 12,153.1 million in 2020, and is expected to reach USD 149,866.4 million by 2030, with a CAGR of 27.7% from 2021 to 2030.

–  Robotic Process Automation (RPA) Market estimated at USD 426.7 million in the year 2022, is projected to reach a revised size of USD 2404.5 million by 2028, growing at a CAGR of 33.4% during the forecast period 2022-2028.

–  The global service robotics market size was valued at USD 21,684.5 Million in 2020 and is projected to reach USD 153,684.5 Million by 2030, registering a CAGR of 21.2% from 2021 to 2030.

–  Industrial Robotics market size is estimated to be worth USD 41270 million in 2022 and is forecast to a readjusted size of USD 63340 million by 2028 with a CAGR of 7.4% during the review period.


–  Warehouse Robotics market size is estimated to be worth USD 3027.3 million in 2022 and is forecast to a readjusted size of USD 4823.9 million by 2029 with a CAGR of 6.8% during the forecast period 2023-2029.

Click here to see related reports on Cobot Market


Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.


To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.


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Blockchain Press Releases

HTX Ventures Announces Strategic Investment in Figment Capital to Enhance Global Innovation Support




SINGAPORE, May 30, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has officially announced a strategic investment in Figment Capital, an early-stage venture fund focused on blockchain infrastructure. This investment underscores HTX Ventures’ commitment to fostering innovation and supporting scalable Web3 technology development globally.

Launched in 2021, Figment Capital is dedicated to investing in high-conviction, early-stage blockchain infrastructure projects. By leveraging its strong technical understanding and deep connection with Figment Inc., a leader in enterprise-grade staking infrastructure, Figment Capital offers unparalleled technical insights and support to its portfolio companies.

Edward, Managing Partner at HTX Ventures, stated, “We are delighted to welcome Figment Capital as a strategic partner. This investment aligns with our mission to support promising companies and drive the next generation of technological innovations. By leveraging Figment’s technical expertise and robust network, we can identify and support superior projects while also helping them expand into the Asian market. HTX Ventures continues to solidify its position as a global investment leader.”

James Parillo, Managing Partner at Figment Capital, also shared, “The HTX Ventures team has been incredibly helpful in our growth as an emerging investment fund. Their knowledge of the Asian market and experience operating a globally recognized exchange has been invaluable as we continue to grow. We’re thankful for the trust and support the HTX Ventures team has placed in us and continue to look forward to collaborating for years to come.”

Figment Capital’s portfolio boasts notable projects such as EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync, and more. The trust and reputation that Figment Capital has earned among Web3 founders are further strengthened by its close collaboration with portfolio companies, providing strategic guidance and technical support.


HTX Ventures is excited about the potential of this partnership. By combining Figment Capital’s technical prowess and industry connections with HTX Ventures’ extensive market reach, particularly in Asia, we are well-positioned to support the next wave of innovative blockchain projects. This strategic investment marks a significant milestone in our mission to enhance global innovation support in the blockchain space.

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Visit us here.

Contact Details
Michael Wang
[email protected]


Company Website

About Figment Capital

Figment Capital is an early stage venture fund, focused primarily on investing in blockchain infrastructure. Launched in 2021, Figment Capital invests in high-conviction, early-stage blockchain infrastructure projects, leveraging strong technical insights and support. Notable portfolio companies include EigenLayer, Celestia, Initia, Wormhole, Movement, and Starkware.

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Blockchain Press Releases

Bybit Drives Significant Trading Surge with EUR Zero Fees Campaign




DUBAI, UAE, May 30, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume, today announced a staggering increase in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in early April. This move underscores Bybit’s commitment to the European market, offering a competitive and cost-effective platform for European crypto traders.

“By eliminating EUR trading fees, we’re making it easier and more affordable for European users to participate in the cryptocurrency market,” said Joan Han, Sales & Marketing Director of Bybit. “We view Europe as one of the key growth markets and are dedicated to offering a streamlined experience for European traders.

Soaring Popularity: Bybit Now #2 in Netherlands Market

The EUR Zero Fees Fiesta campaign has yielded impressive results. Since its launch, Bybit has observed a 13% average daily increase in trading volume for EUR pairs (compared to April data). This surge in volume strengthens Bybit’s position as a major player in the European crypto market. Bybit is currently ranked number two in the Netherlands, highlighting its expanding presence in the region.

Beyond Fees: Fostering a Convenient Crypto Experience for Europeans


Bybit’s commitment to fostering a vibrant and accessible crypto ecosystem for European users extends beyond just fees. The EUR Zero Fees Fiesta campaign eliminates hidden costs, simplifying user participation in the market without surprise charges. This, combined with the seamless one-click purchase option through Google Pay across 35 currencies, empowers European users to buy and trade crypto with unmatched ease. Bybit is committed to making crypto not just accessible, but truly convenient for all European traders.

This dedication to user experience is what positions Bybit as the ideal platform for European crypto enthusiasts.  We’re constantly innovating to streamline processes and remove friction points, ensuring a smooth and hassle-free journey into the world of digital assets.

#Bybit / #TheCryptoArk /

About Bybit

Bybit is one of the world’s top three crypto exchanges by volume with over 30 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.


For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit:

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube


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Blockchain Press Releases

Artrade’s new RWA feature ‘Fragments’: Launching with a Picasso




Investing in world-class art like buying tokens on Solana

PARIS, May 29, 2024 /PRNewswire/ — Artrade is excited to announce the upcoming launch of its new feature “Fragments”: a Real World Asset (RWA) physical masterpiece linked to a token on Solana. 



After the presale, it will be accessible in one click like any other tokens on a DEX.


Making real world art investment easier than ever before.

The artworks 

We are only considering important artists for our new “Fragments” feature. Rapidly increasing and reliable valuations convinced us this is the right choice. We’ve been sourcing and analyzing serious offers on Monet, Picasso, Warhol and Banksy among others.

This typically expensive and elite investment opportunity is now accessible to you through trading fractions of it with Artrade.

Our first inaugural piece for this feature:


A drawing by Pablo Picasso.

Artrade is proud to showcase this intimate piece of art by the most famous signature in the world, valued at $200,000.

The artwork will be revealed at the NFC conference in Lisbon, and the presale opened at this occasion.

After months of sourcing and researching the art market, we’re proud to come to the public with a piece by such an iconic artist.

Our vision


Our ultimate vision is not to resell our artworks on the traditional market for a profit, but rather to create real-time quotations of our artwork’s tokens. Enhancing token value for holders over time.

Though if the artwork is resold, holders will have the option for a buyback (convert to USDC) of their tokens.

According to Artrade’s founder Paul Weibel: “On-chain real world assets will finally democratize the investment in historical masterpieces of art.”

What you get as a Fragment investor:

  • $ATR token airdrop
  • Whitelist priority on the next token offering
  • Be a part of the exclusive Fragment Collector community
  • Access to exclusive networking events and IRL showcases of the artwork

Why invest in an Art Real World Asset token?

Liquidity: contrary to a NFT or a physical artwork, a token is completely liquid and can be traded anytime.


Value: the value of your token is really associated to the value of the artwork on the market. It’s a token with a real utility and value in the world.

Investment: the valuation of masterpieces has been reliable, strong and consistent for hundreds of years. The market knows that.

With Artrade’s RWA Token, this value will be displayed in real-time and opened to a dynamic Web3 native secondary market.

About Artrade 

Artrade is a French JEI (young innovative R&D company) created and funded in 2021 through an ICO (initial coin offering). Since then, the $ATR token has reached an ATH of $140m valuation with a pool of thousands of holders.


The main and already running marketplace is built around Art real world assets by contemporary artists. Counting around 4,000 monthly users, Artrade is gaining more and more credibility and traction in the space.

Stay tuned for more updates and get ready to invest in world-class art with Artrade’s innovative “Fragments” feature.

Artrade, trade art. 


Media contact:
[email protected]


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