USD 13.44 Billion
Global Articulated Robots Market Size, Share, Growth Analysis, By Payload(Up to 16.00 kg, 16.01–60.00 kg), By Function(Handling, Welding), By Industry(Automotive, Electrical and Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG55A2045 |
Region:
Global |
Published Date: April, 2024
Pages:
183
|
Tables:
98 |
Figures:
74
Global Articulated Robots Market Insights
Global Articulated Robots Market size was valued at USD 13.44 Billion in 2022 and is poised to grow from USD 16.81 Billion in 2023 to USD 80.31 Billion by 2031, growing at a CAGR of 25.04% in the forecast period (2024-2031).
The increasing use of artificial robots for automated industries plays an important role in the growth of the global artificial robots' market. These robots are widely used in manufacturing processes such as welding, painting, assembly and material handling. As industries seek to improve efficiency, reduce manufacturing costs and improve production accuracy, the demand for articulated robots in the industrial sector is growing rapidly. For example, in September 2023, the UK Minister for Agriculture announced a £12.5 million investment in robotics and automation to boost sustainability agricultural production. The investment will meet nineteen new projects to determine strawberry yields, improve vineyard yields, and develop automation and robotic technologies to improve the harvesting process.
Continuous advances in robotics technology, such as improvements in sensors, actuators, and control systems, help to improve the performance and capabilities of articulated robots to achieve complex, standardized services, and better human-computer integration. It is expected that this. In October 2022, ABB introduced its small industrial robot, the IRB 1010, opening new possibilities for faster, simpler and better wearable intelligent devices The new IRB 1010 brings electronics manufacturing by automation smartwatches, earphones, sensors, health trackers etc. so production can be increased.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Welding
Fastest Growth
Handling
Growth Rate
25.04% CAGR
Global Articulated Robots Market ($ Bn)
Country Share for North America Region (%)
Global Articulated Robots Market By Function ($ Bn)
Global Articulated Robots Market By Function (%)
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Global Articulated Robots Market Segmental Analysis
By payload, the market is segmented into Up to 16.00 kg, 16.01–60.00 kg, 60.01 – 225.00 Kg, More Than 225.00 Kg. By function, the market is segmented into Handling, welding, dispensing, assembly, processing, others. By Industry, the market is segmented into automotive, electrical and electronics, metal and machinery, food and beverages, precision engineering and optics, pharmaceuticals and cosmetics, others. The market report has a vast scope and offers in-dive analysis of five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Analysis by Function
The welding segment is the dominant segment in the market. Manual robots are widely used in arc welding applications, including MIG (Metal Inert Gas), TIG (Tungsten Inert Gas), and SMAW (Shielded Metal Arc Welding). These robots enable control of welding parameters as speed, angle, torch position resulting in consistent penetration, bead form and high-quality welds are made. Articulated robots are used in spot welding operations in the automotive industry and other industries, where metal parts are joined by local heat and pressure. These robots can detect weld speed and accuracy and provide tight tolerances of hard and uniform welds in large production volumes. Articulated robots are also used in resistance welding techniques, including spot welding, seam welding and projection welding. They can handle complex welding sequences and adapt to changes in workpiece geometry, increasing production flexibility and efficiency.
The handling segment is the fastest growing segment in the market. Artificial robots are widely used in consumer products in many industries, including automotive, electronics and logistics. These robots are experts in accurately and efficiently picking up, sorting, arranging and packing items. They can handle a wide range of payloads and operate in a variety of environments, from the manufacturing plant to the warehouse. Artificial robots play a key role in assembly processes, where they assemble, screw, glue, and rivet parts. Their flexibility and repeatability make them ideal for automating repetitive assembly tasks, improving efficiency and consistent quality is ensured.
Analysis by Industry
The electrical and electronics industry relies heavily on artificial robots for semiconductor production. These robots are used for wafer handling, die bonding, wire bonding, and other important semiconductor assembly tasks. Articulated robots provide the speed, accuracy and cleanliness required for semiconductor manufacturing, enabling manufacturers to produce high-quality semiconductor devices without defects. In the manufacture of consumer electronics like smartphones, tablets, laptops, articulated robots play an important role in the assembly process. These robots can precisely and expertly handle, and inspect delicate electronic components recognize the correct placement and soldering of components on printed circuit boards (PCBs) of the combination processes Automation enables manufacturers to improve product stability, reduce assembly errors, and increase productivity.
The automotive industry is one of the fastest growing region with the highest use of articulated robots for automation. These robots are used in automotive manufacturing processes, such as white body assembly, painting, welding, and final assembly Artificial robots provide automotive manufacturers with high precision, which repeatable and efficient in their manufacturing processes. The need for adulterous exterior modifications to the vehicle increases due to the shorter growth and life cycles and the possibility of reconfiguring various vertical garments and rows of garments manufactured and the manufacturer to meet therefore the converter the market.
Global Articulated Robots Market By Function (%), 2022 (%)
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Global Articulated Robots Market Regional Insights
North America is expected to witness strong growth during the forecast period. Due to the increase in automation and widespread adoption of automation in manufacturing. Today’s manufacturing plants in North America rely on innovative technologies and processes to produce high-quality products at faster and more cost-effective speeds. They are combining more sophisticated software and hardware to provide their manufacturing processes have been enhanced to thrive in the current competitive environment. Industrial robots, such as artificial robots, offer many tangible benefits to manufacturers in North America, including lower operating costs and higher productivity.
Asia-Pacific is estimated to post the highest CAGR during the forecast period. The boom in the global articulated robots market is mostly caused by well-established competitors throughout the region especially in countries such as China, Japan, India etc. yaskawa electrical company, fanuc company, mitsubishi electrical company, kawasaki heavy industries, ltd, toshiba machine co ltd, & seiko epson corporation. Asia Pacific There are only a few well-established players in the Articulated Robot market. In addition, lower labor costs and lower production costs help businesses set up manufacturing facilities. Furthermore, manufacturers have identified automation of manufacturing plant skills as an important trend, which has increased the demand for articulated robots, which will further contribute to the growth of global articulated robots market in the region during the forecast period.
Global Articulated Robots Market By Geography, (2024-2031)
- Largest
- Fastest
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Global Articulated Robots Market Dynamics
Drivers
Increasing Demand for Industrial Robots to Automate Manufacturing Tasks
- The growing demand for industrial robots is anticipated to boost the articulated robot market during the forecast period. Industrial robots are machines or mechanical systems programmed to autonomously perform production-related tasks in an industrial environment. For example, according to data released by 'The International Federation of Robotics' for 2022, the actual installation of industrial robots reached about 4.35 million, an increase of 13 percent between 2020 and 2021. It is expected to reach around 5.18 million units by 2024. So, the growing demand for industrial robots is likely to propel the market.
Artificial Robots Widely Used in the Automotive Industry
- Articulated robots are widely used in the automotive industry because they have a wide range of tasks such as assembly, fabrication including painting, welding, cutting etc. Moreover, articulated robots' applications in the automotive industry to increase efficiency, productivity and production and reduce energy consumption f play an important role so the widespread use of artificial robots in the automotive industry is likely to provide the market has developed.
Restraints
Capital Investment and High Operating Costs May Hamper Market Growth
- Robotic simulators and robotic arms are included as well as other hardware and software systems. Integrating robotic weapons with other hardware is a complex task that requires significant investments. Moreover, these programs require significant investments. For example, according to the U.S. According to an Environmental Protection Agency (US EPA) report, spray tents range in price from $5,400 to $23,000 and vary from building to building Such high costs associated with these systems will drive the market growth.
High Cost
- High initial cost of handheld robots and difficulty in installation are some of the major factors expected to restrain the market growth Despite the high adoption of handheld robots by SMEs in 2010, there are still obstacles to its use in simple manufacturing. Robot retrofit and reconfiguration costs are high for low-volume production. In other words, refurbished robots are cheaper. In addition, as the use of robots evolves, so do the requirements for scope and practical constraints. For lower production levels, these factors raise barriers to market growth.
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Global Articulated Robots Market Competitive Landscape
The global articulated robots market is highly dynamic and constantly evolving; As technology improves, more and more innovative companies enter the market. Apart from the latest entrant, industry leaders are constantly trying to change the capabilities of robots to increase productivity and separate them from other competitors.
Top Player’s Company Profiles
- ABB (Switzerland)
- FANUC Corporation (Japan)
- OMRON Corporation (Japan)
- Toshiba Corporation (Japan)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- Universal Robots (Denmark)
- Rockwell Automation, Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- Mitsubishi Electric Corporation (Japan)
- Panasonic Corporation (Japan)
- NACHI-FUJIKOSHI CORP. (Japan)
- Seiko Epson Corporation (Japan)
- KUKA AG (Germany)
- DENSO CORPORATION (Japan)
- Aurotek Corporation (Taiwan)
- Yamaha Motor Co. Ltd (Japan)
- DAIHEN Corporation (Japan)
- Sepro Group (Germany)
Recent Developments
- In August 2022, ABB expanded the range of large robots for complex industrial applications, introducing two new classes of robots, the IRB 5710 and 5720. These robots have increased productivity and productivity. These are electric vehicles (EVs) manufacturing, foundry, forging, rubber, plastic, more time will also be given for activities such as metal fabrication. Enhancements include increased speed, accuracy, flexibility and more robust design with integrated system lines.
- In December 2022, EVS TECH CO.LTD of China unveiled a unique modeling robot, designed for explosion-prone environments to ensure the safety of personnel and equipment
- In September 2021, a U.S.-based company manufacturer of industrial components, Honeywell unveiled new robotic technology aimed at automating the manual removal of pallets in warehouses and distribution centers.
Global Articulated Robots Key Market Trends
- Technological Advancements in the Articulated Robot: Rapid technological change is a key growing factor in the integrated robotics market. To gain a competitive edge in the global market, key market players are focusing on the developments in AI-enabled robotics, self-healing robotics, cloud robotics, collaborative robotics, marketing of drones, customized robots such as, appliances used in the U.S., consumer electronics, automobiles. OMRON Corporation, a manufacturer of electronics, manufacturing plants, ticketing machines and medical devices, launched the HD-1500 autonomous mobile robot in 2020. The robot is large enough to carry up to 1,500 kilograms (about 3306.93 lb) of essential goods. Thus, the increasing technological advancements in the audio robot market present lucrative opportunities for market growth.
Global Articulated Robots Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
This market is seeing significant technological advances, including advanced sensors, advanced artificial intelligence and interoperability capabilities, enabling robots to work safely with humans. Asia Pacific dominates the global articulated robots market, driven by large manufacturing centers in countries such as China, Japan and South Korea but also important markets in North America and Europe for automation in automotive and electronics and other industries in Increasing emphasis is being placed on the theme. Despite the positive outlook, challenges such as high initial investment costs, redundancy concerns and complex regulations are hindering the growth of the market but increasing demand for automation of solutions, especially in emerging economies presents lucrative opportunities for market players.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.44 Billion |
| Market size value in 2031 | USD 80.31 Billion |
| Growth Rate | 25.04% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Articulated Robots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Articulated Robots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Articulated Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Articulated Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Articulated Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Articulated Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Articulated Robots Market Report Snapshots
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