Overview
and Scope
The articulated robot refers to a robot that has rotational joints and up to 10
or more axes. The rotary joints enable a full range of motion and significantly
expand the robot's capabilities, as they can rotate over many planes. The
accuracy and movement pattern nearly resemble a human arm.
Sizing and Forecast
The articulated robot market size has grown rapidly in recent years. It will
grow from $15.69 billion in 2023 to $18.26 billion in 2024 at a compound annual
growth rate (CAGR) of 16.4%. The growth in the historic period can be
attributed to manufacturing sector growth, automotive industry adoption, rise
of electronics and semiconductors, focus on efficiency, medical and healthcare
applications..
The articulated robot market size is expected to see rapid growth in the next
few years. It will grow to $31.89 billion in 2028 at a compound annual growth
rate (CAGR) of 15.0%. The growth in the
forecast period can be attributed to regulatory support and safety standards,
smart factory growth , automotive industry evolution , energy efficiency and
sustainability, smes embracing robotics.. Major trends in the forecast period
include industry 4.0 and automation, collaborative robotics, healthcare
applications , food and beverage industry, artificial intelligence
integration..
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Segmentation & Regional Insights
The articulated robot market covered in this report is segmented –
1) By Type: 4-Axis Or Less, 5-Axis, 6-Axis Or More
2) By Payload: Upto 16 Kg, 16 To 60 Kg, 60 To 225 Kg, More Than 225 Kg
3) By Function: Handling, Welding, Dispensing, Assembly, Processing, Other
Functions
4) By Component: Controller, Arm, End Effector, Drive, Sensor, Other Components
5) By End Industry: Automotive, Electrical And Electronics, Chemicals, Rubber
And Plastics, Metal And Machinery, Food And Beverages, Precision Engineering
And Optics, Pharmaceuticals And Cosmetics, Other End-Users
Asia-Pacific was the largest region in the articulated robots market share in
2023. The regions covered in the articulated robot market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for industrial robots is expected to propel the growth
of the articulated robots market. Industrial robots are mechanical systems or
machines programmed to perform production-related activities autonomously in
industrial settings. Articulated robots are industrial robots with a human
resemblance and are used in various industrial applications. For instance, in
June 2022, according to the data published by ‘The International Federation of
Robotics, a Germany-based, non-profit organization to promote, strengthen, and
protect the robotics industry, in October 2021, the actual installation of
industrial robots reached 4.35 million units, with a 13% growth in 2021 as
compared to 2020. It is expected to reach 5.18 million units in 2024.
Therefore, increasing demand for industrial robots is driving the growth of the
articulated robot market.
Key Industry Players
Major companies operating in the articulated robot market report are ABB Ltd.,
FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Omron Adept
Technology Inc., Mitsubishi Electric Corporation, Seiko Epson Corporation,
Denso Wave Incorporated, Nachi-Fujikoshi Corp., Yaskawa Electric Corporation,
Aurotek Corporation, Stubli International, ST Robotics, Toshiba Machine Co.
Ltd., Yamaha Motor Co. Ltd., Cassioli Group, DAIHEN Corporation, Comau,
Universal Robots, Epson Robots, Midea Group, B+M Surface Systems GmbH, Wittmann
Battenfeld Group, Hanwha Corporation/Momentum, Gudel AG, Hyundai Robotics,
Techman Robot, Franka Emika, AUBO Robotics, F&P Robotics AG
The articulated robot market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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