Semiconductor and Electronics Articulated Robot Market is projected to grow up to 18.33% CAGR during the forecasting per...

Articulated Robot Market is projected to grow up to 18.33% CAGR during the forecasting period 2021-2027.

Articulated robots improve operational efficiency by executing complex jobs and can handle large objects or materials that are dangerous or difficult for humans to handle. These robots also produce precise results, are extremely robust, cost-effective, and require little rest. Because of these advantages, they are widely used in a variety of industries, including automotive, aerospace, and electronics. Articulated robots can handle payloads ranging from 16kg to 300kg, allowing for a great degree of adaptability and flexibility in a variety of industrial production applications. The global articulated robot market is being driven by the growing demand for automation in industries such as automotive, aerospace, EMS (electronic manufacturing services), food & beverages, metals & machinery, chemicals, rubber, & plastics, precision engineering & optics, and pharmaceuticals & cosmetics, among others. This articulated robot market report covers recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, and more.

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Key Driving Factors: SME demand in developing countries is increasing.

Articulated robots can be used for a variety of tasks and have a wide range of applications. As a result, they can be used for automation in a variety of industries, including automotive, electrical and electronics, metals, and equipment. In terms of production facilities, SMEs outweigh major businesses. They employ more individuals than small businesses on an individual basis. Small and medium-sized businesses (SMEs) make up the bulk of businesses that have yet to enjoy the benefits of automation and robotics.

Opportunities: Embedded computers, advanced sensors, and microelectronics requiring micro- and nanoscale assembly are used in the next generation of high-value products with a short product life cycle, for which labor-intensive production with low-skilled human employees is not a viable option. Some factory robots are large and rigid, making them dangerous around people. They are designed to be exact and repeatable, but they are not adaptive. Robots, on the other hand, must be flexible enough to adapt to changes in processes and new technical breakthroughs in products in order to function in conjunction with people. Robotics and automation technology improvements are crucial for this reason.

This report offers the major market player’s profiles, such as ABB Ltd. (ABB (Switzerland)), KUKA AG (KUKA (Germany)), Mitsubishi Electric Corp. (Mitsubishi (Japan)), FANUC Corporation (Fanuc (Japan)), Kawasaki Heavy Industries Ltd. (Kawasaki Heavy Industries (Japan)), DENSO WAVE INCORPORATED (Denso (Japan)), OMRON ADEPT TECHNOLOGIES, INC. (Omron Adept Technologies (US)), NACHI-FUJIKOSHI CORP. (Nachi-Fujikoshi (Japan)), Yaskawa Electric Corporation (Yaskawa (Japan)), and SEIKO EPSON CORPORATION (Seiko Epson (Japan))

Based on Industry vertical:  The articulated robot market is divided into automotive, aerospace, electronic manufacturing services, food & beverages, medical & pharmaceutical, and others based on industrial vertical. Chemical and metal industries are among the other industry verticals. Articulated robots are simple to operate and deploy across electronic manufacturing services (EMS), which has resulted in a reduction in robotic solution installation time and cost. Articulated robots can handle tiny electronic components and execute a variety of tasks with higher precision and speed, including palletizing, wielding, and many more.

The Articulated Robot Market report has been categorized as below

By Payload

  • Up to 16.00 Kg

  • 16.01 – 60.00 Kg

  • 60.01 – 225.00 Kg

  • More Than 225.00 Kg

By Function

  • Handling

  • Welding

  • Dispensing

  • Assembly

  • Processing

  • Others

By Industry

  • Automotive

  • Electrical & Electronics

  • Chemicals. Rubbers & Plastics

  • Metal & Machinery

  • Food & Beverages

  • Precision Engineering and Optics

  • Pharmaceuticals & Cosmetics

  • Others

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021