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The global collaborative robot market is expected to reach $35.55 billion by 2033, driven by advancements in sensor technologies and AI algorithms. Integrating these technologies into cobots presents opportunities for enhanced capabilities and broader industry applications. Additionally, the adoption of edge computing and 5G networks is expected to revolutionize industrial automation and enable real-time data processing and autonomous decision-making. Cobots also play a key role in collaborative manufacturing networks, offering flexible and scalable automation solutions for efficient collaboration and resource utilization.