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The articulated robots market size is forecast to increase by USD 15.91 billion, at a CAGR of 16.8% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and increasing demand for automation across various sectors. Articulated robots, with their high degrees of freedom, are particularly well-suited for applications in pick and place, machine tending, painting, welding, and assembly lines. These robots are integral to industrial automation, enabling productivity gains and cost reduction. Deep learning algorithms and computer vision systems enhance the capabilities of articulated robots, enabling human-robot collaboration and improving safety features. Motion control and joint torque technologies enable more precise and efficient operations, while industry associations and academic institutions drive research and innovation in robotics.
Robotics research focuses on improving payload capacity, ease of use, and intuitive programming, as well as developing collaborative robots and artificial intelligence (AI) applications. Quality control and safety standards are essential considerations, with safety features and collision detection systems ensuring a safe work environment. Material handling applications, such as pallet handling, benefit from the flexibility and adaptability of articulated robots. Simulation software and offline programming enable efficient design and commissioning, while SCADA systems and PLC control provide real-time monitoring and control. Government funding and standards organizations support the ongoing development of the market, ensuring its continued growth and evolution.
The articulated robots industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The automotive segment is estimated to witness significant growth during the forecast period.
The market continues to gain momentum in the US industrial sector, particularly in the automotive industry, which remains a significant contributor. Articulated robots offer several advantages over traditional tooling and fixtures, including cost reduction, increased productivity, and improved ease of use. These robots are renowned for their high degrees of freedom, enabling them to execute complex tasks with precision and flexibility. Articulated robots are integral to various applications within the automotive industry, such as welding, pallet handling, machine tending, and painting. Collaborative robots, a subset of articulated robots, facilitate human-robot interaction, enhancing productivity and safety.
Machine learning and artificial intelligence (AI) technologies are increasingly integrated into these robots, enabling advanced capabilities like deep learning and computer vision. Safety features and standards, such as force feedback and collision detection, ensure a safe work environment. Offline programming and virtual commissioning streamline the setup process, while SCADA systems and PLC control provide seamless integration with industrial automation systems. Additionally, data analytics, digital twins, and cloud connectivity enable remote monitoring and predictive maintenance. The global market for articulated robots is expected to grow, driven by the increasing demand for automation in various industries, including material handling, assembly lines, and quality control.
Robotics research and government funding further fuel the innovation and development of advanced robotic technologies.
The Automotive segment was valued at USD 3.42 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 70% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The global market for articulated robots is witnessing significant growth, particularly in the Asia Pacific (APAC) region. APAC is currently the largest market for articulated robots, driven by countries such as China, Japan, South Korea, Singapore, and India. This region is home to several established players in the market, including FANUC, Yaskawa Electric, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corp., and Seiko Holdings. The adoption of articulated robots is predominantly driven by industries such as automotive, electronics, and metal in APAC. Articulated robots offer numerous benefits, including productivity gains, ease of use, and intuitive programming. They come with varying degrees of freedom and payload capacities, making them suitable for a wide range of applications.
End-of-arm tooling, force feedback, and human-robot collaboration are essential features that are increasingly being integrated into articulated robots. Machine learning, machine tending, offline programming, virtual commissioning, and plc control are some of the advanced technologies that are transforming the market. Collaborative robots, artificial intelligence, and computer vision are also gaining popularity in various industries. Safety standards, industrial automation, scada systems, and safety features are crucial considerations in the adoption of articulated robots. Data analytics, digital twins, and cloud connectivity are some of the emerging trends in the market. Cost reduction, return on investment, and collision detection are key factors that influence the purchasing decisions of businesses.
Government funding and robotics research are also playing a significant role in the growth of the market. Applications in painting, welding, pallet handling, pick and place, and deep learning are some of the areas where articulated robots are being increasingly used. The market is expected to continue growing, driven by the increasing demand for automation and the need for greater efficiency and productivity.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The articulated robots market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the articulated robots market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, articulated robots market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - This company specializes in providing advanced robotic solutions, featuring a comprehensive 6-axis articulated robot portfolio.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Articulated Robots Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.8% |
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Market growth 2024-2028 |
USD 15914.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
14.2 |
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Key countries |
US, China, Germany, UK, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this articulated robots market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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