Articulated Arm Robot Market
Articulated Arm Robot Market Forecasts to 2030 - Global Analysis By Type (Longitudinal Articulated and Transversely Articulated), Application (Electronics, Automotive , Healthcare, Aerospace , Manufacturing and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $20.9 BN |
|
Projected Year Value (2030) |
US $68.6 BN |
|
CAGR (2023 - 2030) |
18.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Articulated Arm Robot Market is accounted for $20.9 billion in 2023 and is expected to reach $68.6 billion by 2030 growing at a CAGR of 18.5% during the forecast period. An articulated arm robot is a particular kind of robotic system that has a mechanical arm with several joints that may move linearly or rotate. These joints, which frequently mimic the suppleness of a human arm, enable the robot to move with remarkable precision and articulation. Robots with articulated arms are employed in many different fields and situations, usually for jobs requiring accuracy, dexterity, and flexibility.
Market Dynamics:
Driver:
Automation demand
Automation demand is a compelling driver in the articulated arm robot market. The increasing requirement for increased productivity, accuracy, and efficiency across a range of industries is driving this demand. With their adaptability, agility, and ability to do repetitive and exact tasks, articulated arm robots are becoming increasingly popular for automating a variety of activities. Additionally, they are essential in modern production settings because of their capacity to do intricate moves and operate in small areas. The automation demand driver is anticipated to drive the articulated arm robot market forward.
Restraint:
High cost
One major barrier to commercial adoption of articulated arm robots is their high initial costs. Due to their complex engineering and precision components used in their production processes, these robots are relatively expensive to purchase due to their superior technological capabilities. Additionally, these robots cannot be used for jobs or industries that are not specifically addressed by customized programming and system integration. This raises the overall cost because it requires specific knowledge. The integration of sophisticated safety mechanisms and adherence to stringent laws are necessary to guarantee the security of both human operators and robots, therefore raising expenses. These are all factors that hinder the expansion of the market.
Opportunity:
Remote work and telepresence
Articulated arm robots are becoming increasingly important for enabling remote work and telepresence in a variety of contexts due to technological improvements and changes in the nature of work. Telepresence robots have advanced education beyond the business world by allowing students to participate in remote classes while still having an engaging and dynamic learning environment. Furthermore, articulated arm robots can close the gap between remote and in-office workers as hybrid work models gain hold, creating a more welcoming and engaging virtual environment. These factors propel market demand.
Threat:
Shortage of skilled labor
Skilled experts are needed to operate and maintain articulated arm robots. The shortage of skilled labor can be a challenge for industries looking to adopt these robots. These advanced robotic systems require a specialized skill set for programming, operation, maintenance, and troubleshooting. Because articulated arm robots are developing so quickly technologically, workers sometimes lack the knowledge necessary to communicate with these machines in an efficient manner. The process of retraining or up skilling the current workforce can be expensive and time-consuming. A shortage of skilled labor is a significant barrier to market expansion.
Covid-19 Impact
The market for articulated arm robots was significantly impacted by the COVID-19 outbreak. Lockdowns and travel restrictions first caused supply chain problems in the market, which delayed the production and distribution of these sophisticated devices. These robots were extremely useful for tasks including material handling, disinfection, and remote monitoring. Additionally, the epidemic promoted the adoption of Industry 4.0 concepts, with the key components of smart manufacturing and contactless production being articulated arm robots.
The longitudinal articulated segment is expected to be the largest during the forecast period
The longitudinal articulated segment is estimated to hold the largest share. A longitudinal articulated robot is a vital category in the broader articulated arm robot market. In many different industries, longitudinal articulated robots are widely used, especially for tasks requiring precision and extended reach, like material handling, CNC milling, and laser cutting. Additionally, they are extremely sought-after tools in production and assembly operations because of their great repeatability and capacity to work in cramped areas. The demand for longitudinally articulated robots is anticipated to increase as technology develops and companies adopt automation more widely. This will have a major impact on the market's overall growth for articulated arm robots.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to have lucrative growth during the forecast period. The automotive industry makes substantial use of articulated arm robots for a variety of tasks, such as material handling, welding, painting, and assembly. These robots are perfect for jobs like spot welding, where accuracy is critical, because they have excellent precision, speed, and repeatability. Additionally, they increase the productivity of auto assembly lines, which lowers costs and improves product quality. The need for articulated arm robots is anticipated to increase as the automotive sector develops due to developments in electrified and driverless cars.
Region with largest share:
North America commanded the largest market share during the extrapolated period. This region encompasses the United States and Canada, where these robots are widely deployed across various industries. Demand for articulated arm robots in the US is mostly driven by the automobile industry, which uses them for assembly and welding work. The aerospace and electronics sectors also use them for precise applications. These robots are also useful in the pharmaceutical and healthcare industries for jobs like lab automation and surgical support.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. Industries like automotive, electronics, and metallurgy, the use of articulated arm robots has increased throughout Asia-Pacific's manufacturing powerhouses, most notably China. The development of cutting-edge robotic systems demonstrates the region's commitment to automation and technical developments. With its varied economies and growing focus on industrial automation, the Asia-Pacific area is anticipated to continue being a major force behind the expansion of the global articulated arm robot market.
Key players in the market
Some of the key players in the Articulated Arm Robot Market include Fanuc, ABB, Motoman Robotics, Yaskawa Electric, OC Robotics, Axium, Langhammer GmbH, Ellison Technologies, Aurotek, Denso Wave, Adept Technology, Kuka AG, Kawasaki Robotics and Mitsubishi Electric Corp.
Key Developments:
In September 2023, ABB has launched two new variants of its GoFa collaborative robot. The GoFa 10 and GoFa 12 open new possibilities for companies to leverage cobot automation for enhanced efficiency. Handling payloads of up to 10 and 12 kilograms with market-leading repeatability, the cobots accomplish an expanded range of tasks in close collaboration with factory workers, addressing skills and labor shortages while improving safety and productivity.
In October 2022, Yaskawa Electric Corporation announces the launch of a new lineup of MOTOMAN-HC30PL (30 kg payload capacity, 1600 mm reach), a model to palletizing applications such as cardboard, for the human collaboration robot series that has been developed with 10 kg and 20 kg payload capacity.
Types Covered:
• Longitudinal Articulated
• Transversely Articulated
Applications Covered:
• Electronics
• Automotive
• Healthcare
• Aerospace
• Manufacturing
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Articulated Arm Robot Market, By Type
5.1 Introduction
5.2 Longitudinal Articulated
5.3 Transversely Articulated
6 Global Articulated Arm Robot Market, By Application
6.1 Introduction
6.2 Electronics
6.3 Automotive
6.4 Healthcare
6.5 Aerospace
6.6 Manufacturing
6.7 Other Applications
7 Global Articulated Arm Robot Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Fanuc
9.2 ABB
9.3 Motoman Robotics
9.4 Yaskawa Electric
9.5 OC Robotics
9.6 Axium
9.7 Langhammer GmbH
9.8 Ellison Technologies
9.9 Aurotek
9.10 Denso Wave
9.11 Adept Technology
9.12 Kuka AG
9.13 Kawasaki Robotics
9.14 Mitsubishi Electric Corp
List of Tables
1 Global Articulated Arm Robot Market Outlook, By Region (2021-2030) ($MN)
2 Global Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
3 Global Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
4 Global Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
5 Global Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
6 Global Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
7 Global Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
8 Global Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
9 Global Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
10 Global Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
11 Global Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Articulated Arm Robot Market Outlook, By Country (2021-2030) ($MN)
13 North America Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
14 North America Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
15 North America Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
16 North America Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
17 North America Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
18 North America Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
19 North America Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
20 North America Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
21 North America Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
22 North America Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Articulated Arm Robot Market Outlook, By Country (2021-2030) ($MN)
24 Europe Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
25 Europe Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
26 Europe Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
27 Europe Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
28 Europe Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
29 Europe Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
30 Europe Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
31 Europe Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
32 Europe Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
33 Europe Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Articulated Arm Robot Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
37 Asia Pacific Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
38 Asia Pacific Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
39 Asia Pacific Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
40 Asia Pacific Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
41 Asia Pacific Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
42 Asia Pacific Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
43 Asia Pacific Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
44 Asia Pacific Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Articulated Arm Robot Market Outlook, By Country (2021-2030) ($MN)
46 South America Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
47 South America Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
48 South America Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
49 South America Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
50 South America Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
51 South America Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
52 South America Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
53 South America Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
54 South America Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
55 South America Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Articulated Arm Robot Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Articulated Arm Robot Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Articulated Arm Robot Market Outlook, By Longitudinal Articulated (2021-2030) ($MN)
59 Middle East & Africa Articulated Arm Robot Market Outlook, By Transversely Articulated (2021-2030) ($MN)
60 Middle East & Africa Articulated Arm Robot Market Outlook, By Application (2021-2030) ($MN)
61 Middle East & Africa Articulated Arm Robot Market Outlook, By Electronics (2021-2030) ($MN)
62 Middle East & Africa Articulated Arm Robot Market Outlook, By Automotive (2021-2030) ($MN)
63 Middle East & Africa Articulated Arm Robot Market Outlook, By Healthcare (2021-2030) ($MN)
64 Middle East & Africa Articulated Arm Robot Market Outlook, By Aerospace (2021-2030) ($MN)
65 Middle East & Africa Articulated Arm Robot Market Outlook, By Manufacturing (2021-2030) ($MN)
66 Middle East & Africa Articulated Arm Robot Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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