Cognitive Automation Market Size

Cognitive Automation Market size was over USD 12.2 billion in 2023 and is projected to reach USD 41.06 billion by the end of 2036, expanding at a CAGR of 12.1% during the forecast period, i.e., 2024-2036. In 2024, the industry size of cognitive automation is assessed at USD 13.4 billion.  

Partially or fully cognitive automated machines are gaining traction in electronics and automotive manufacturing, metal fabrication, food and beverage industry, warehousing, and logistics to improve productivity while relieving human workers from life-threatening or mundane tasks. Cognitive automation robots are primarily used in production lines for assembling basic components and metal-cutting activities. The commercial demand for smart and more interactive machines has led to the development of collaborative robots that work with humans in shared environments. Cognitive automation is projected to bridge the labor shortage in heavy-duty industries and commercial spaces.