Articulated Robot Industry
Summary:
- The global articulated robot market size reached USD 10.1 Billion in 2023.
- The market is expected to reach USD 20.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- Based on the payload, the market has been segmented into up to 16 kg, 16 to 60 kg, 60 to 225 kg, and more than 225 kg.
- On the basis of the function, the market has been segregated into handling, welding, dispensing, assembling, and others.
- Based on the type, the market has been divided into 4-axis or less, 5-axis, and 6-axis or more.
- On the basis of the component, the market has been categorized into controller, arm, end effector, drive, sensor, and others.
- Based on the end use industry, the market has been segregated into automotive, electrical and electronics, chemicals, rubber and plastics, , metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, and others.
- The increasing requirement for automation across various sectors is a primary driver of the articulated robot market.
- Technological developments in robotics and innovations in control systems are reshaping the articulated robot market.
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Industry Trends and Drivers:
- Growing demand for automation across industries:
The articulated robot market is primarily driven by the increasing adoption of automation in various industries, including automotive, electronics, aerospace, and healthcare. As businesses strive to improve productivity, reduce operational costs, and maintain competitiveness, the use of robots in tasks such as assembly, material handling, welding, and painting is becoming more prevalent. Articulated robots, known for their flexibility and wide range of motion, are ideal for these tasks, making them highly sought after in industries requiring complex and precise operations. The ability to automate repetitive tasks with articulated robots reduces the risk of human error, enhances efficiency, and allows companies to focus their workforce on more complex, value-added activities.
- Advancements in robotic technology:
Technological advancements in robotics, such as the development of more sophisticated sensors, artificial intelligence (AI), and machine learning (ML) algorithms, are significantly influencing the articulated robot market. These innovations have notably improved the capabilities of articulated robots, enabling them to perform more complex tasks with greater precision and adaptability. For instance, AI-powered robots can now learn from their environment and make decisions based on real-time data, allowing for improved performance in dynamic and unpredictable manufacturing environments. Moreover, advancements in sensors and control systems have enhanced the accuracy and speed of robotic movements, making articulated robots more reliable and efficient. These technological developments are expanding the range of applications for articulated robots and driving their adoption in industries beyond traditional manufacturing, such as healthcare and logistics.
- Increasing need for precision and efficiency in manufacturing processes:
The demand for high precision and efficiency in manufacturing processes is contributing substantially to the growth of the articulated robot market. As products become more complex and quality standards rise, manufacturers are under pressure to ensure consistency and accuracy in production. Articulated robots offer superior precision in tasks such as assembly, welding, and material handling, reducing defects and improving product quality. Their ability to work continuously without fatigue also increases overall efficiency, allowing manufacturers to meet higher production targets in shorter timeframes. This rising emphasis on precision and efficiency is particularly pronounced in industries such as electronics and automotive, where small errors can lead to significant product failures or recalls, making articulated robots an essential part of modern production lines.
Articulated Robot Market Report Segmentation:
Breakup By Payload:
- Upto 16 Kg
- 16 to 60 Kg
- 60 to 225 Kg
- More Than 225 Kg
Based on the payload, the market has been segregated into up to 16 kg, 16 to 60 kg, 60 to 225 kg, and more than 225 kg.
Breakup By Function:
- Handling
- Welding
- Dispensing
- Assembling
- Others
On the basis of the function, the market has been divided into handling, welding, dispensing, assembling, and others.
Breakup By Type:
- 4-Axis or Less
- 5-Axis
- 6-Axis or More
Based on the type, the market has been categorized into 4-axis or less, 5-axis, and 6-axis or more.
Breakup By Component:
- Controller
- Arm
- End Effector
- Drive
- Sensor
- Others
On the basis of the component, the market has been segmented into controller, arm, end effector, drive, sensor, and others.
Breakup By End Use Industry:
- Automotive
- Electrical and Electronics
- Chemicals, Rubber and Plastics
- Metal and Machinery
- Food and Beverages
- Precision Engineering and Optics
- Pharmaceuticals and Cosmetics
- Others
Based on the end use industry, the market has been segregated into automotive, electrical and electronics, chemicals, rubber and plastics, metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Top Articulated Robot Market Leaders:
- ABB Ltd.
- American Robot Corporation
- Aurotek Corporation
- Denso Wave Incorporated
- Fanuc Corporation
- Kawasaki Heavy Industries Ltd.
- Kuka Aktiengesellschaft (Midea Group)
- Mitsubishi Electric Corporation
- Nachi-Fujikoshi Corp.
- Nimak GmbH
- Seiko Epson Corporation
- Yaskawa Electric Corporation
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