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Automation in manufacturing industry has taken the next step with cobotic solutions. Along with manufacturing industry, Cobots find application in industries like equipment and furniture, polymers and plastic, food and beverages, automotive, machining and metal to name a few. Application of collaborative solutions in these fields is expected to result in a market growth shoot-up within a projected time-period. Consumers and OEM’s focus more on the safety aspects of the production processes like picking and placing, welding and gluing and tending to machines. Collaborative robots market has seen a phenomal growth in the recent years and has resulted in making the Cobots safer and efficient to use across various industries.