The continuous growth in the field of robotics has highly impacted the industrial revolution from Industry 3.0 to Industry 5.0. Further industrial revolutions will also rely on the development of robotics. From Industry 4.0, the concept of human robot collaboration is advanced to closer symbiosis between humans and robotic systems. Industry 5.0 brings back or considers the role of humans in their main approach despite the advanced technological scenario. It emphasized on the synergistic output of human beings and robotic systems in the industrial setup to achieve the goals of flexibility, resilience, and sustainability. In this chapter, concepts of cobots, cyber-physical systems, digital twins, edge computing, and big data are discussed with main concepts of Industry 5.0. The emerging technologies of Industry 5.0 are highlighted in the light of industrial applications. Futuristic applications of advanced robotics in Industry 5.0 manufacturing are addressed. Challenges and futuristic outlook of robotics in Industry 5.0 are also summarized.