Articulated Industrial Robot Market
Articulated robots are humanoid robots whose arms have a couple of rotary joints. These robots are specially designed to make the industrial manufacturing process fast and precise. They are used across the industries in various applications, including material handling, welding, load/unload, lifting, assembly, and processing, among others.
Offering production efficiency to industries with their capability to handle object that is too heavy and unsafe for humans to handle articulated robots perform all complex task on behalf of humans. Articulated robots offer more accurate outputs than manual labor; as a result, the uptake of articulated robots in production has led to an increase in product quality.
Articulated robots also offer reduced production cost as overall cost for implementation of articulated robots is less compared to manual labor. Due to their flexibility, it is easier to do process changeovers with articulated robots. Resultantly, the global articulated robots market is growing rapidly. Moreover, the increasing adoption of articulated robots in small and medium enterprises is escalating the market on the global platform.
Considering the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global articulated robot market is projected to garner exponential accruals by 2023, registering a staggering CAGR throughout the forecast period (2018 – 2023).
Additional factors that are contributing to the growth of the market include the increasing demand for automation across the industries such as EMS (electronic manufacturing services), automotive, aerospace, pharmaceuticals & cosmetics, and others. Also, the industrial revolution 4.0 is set to boost the global articulated robot market.
On the flipside, factors such high initial cost of the articulated robots and complexities of their installation are restricting the growth of the market. Nevertheless, growing applications of articulated robots in autonomous warehouse and logistics industry would support the growth of the articulated robots market.
Segmentation
According to Market Research Future, the global articulated robot market is segmented based on component, payload capacity, application, and industry vertical.
By component the global articulated robot market is segmented based on software, hardware and services. The hardware segment is further segmented into controller, arm, drive, end-effector and sensor. The controller and sensor subsegments are expected to contribute the highest to the hardware subsegment as there is a growing demand for improvement in bin picking application of articulated robots.
The hardware sub-segment is expected to contribute significantly to the component segment during the forecast period. High demand for articulated robot for industrial production is expected to boost this segment during the forecast period.
By payload capacity the global articulated robot market is segmented into low, medium, high, and heavy.
The heavy payload subsegment is expected to dominate the payload segment due to the rising demand for automation in manufacturing of heavy machinery. Low payload capacity sub-segment is expected to contribute significantly to the payload capacity segment during the forecast period due to increase in adoption of articulated robots in electronic manufacturing and food and beverages industry.
By application the global articulated market is segmented into material handling, welding, load/unload, bin picking, assembly, processing, washing, painting, and others.
The assembly sub segment is expected to contribute significantly to the growth of application segment. The increasing productivity and lower costs of articulated robots compared to manual labor in assembly lines is driving the growth of this segment in the global articulated robot market.
By industry vertical the global articulated robot market is segmented into automotive, aerospace, EMS (electronic manufacturing services), food & beverages, metals & machinery, chemicals, rubber, & plastics, precision engineering & optics, pharmaceuticals & cosmetics, and others. Automotive sub-segment is expected to dominate the industry vertical segment for the global articulated robot market. The rising continuous demand for cars and other automotive around the world and the growing adoption of automation in their production is driving the growth of this sub- segment.
Global Articulated Robot Market - Competitive Analysis
Highly competitive, the articulated robot market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch in order to maintain their positions and to gain a competitive advantage in this market.
These players focus on new product development initiatives and geographical expansion. The global articulated robot market is anticipated to witness relentless innovations and development of new products eventually result in intense competition among the manufacturers.
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Articulated Robot MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Articulated Robot Market.
The growth sectors of the Articulated Robot Market are identified with precision for a better growth perspective.According to Market Research Future, the global articulated robot market is segmented based on component, payload capacity, application, and industry vertical.By component the global articulated robot market is segmented based on software, hardware and services.
The hardware segment is further segmented into controller, arm, drive, end-effector and sensor.
The controller and sensor subsegments are expected to contribute the highest to the hardware subsegment as there is a growing demand for improvement in bin picking application of articulated robots.The hardware sub-segment is expected to contribute significantly to the component segment during the forecast period.
High demand for articulated robot for industrial production is expected to boost this segment during the forecast period.By payload capacity the global articulated robot market is segmented into low, medium, high, and heavy.The heavy payload subsegment is expected to dominate the payload segment due to the rising demand for automation in manufacturing of heavy machinery.
Low payload capacity sub-segment is expected to contribute significantly to the payload capacity segment during the forecast period due to increase in adoption of articulated robots in electronic manufacturing and food and beverages industry.By application the global articulated market is segmented into material handling, welding, load/unload, bin picking, assembly, processing, washing, painting, and others.The assembly sub segment is expected to contribute significantly to the growth of application segment.
These robots are specially designed to make the industrial manufacturing process fast and precise.
They are used across the industries in various applications, including material handling, welding, load/unload, lifting, assembly, and processing, among others.
Articulated robots offer more accurate outputs than manual labor; as a result, the uptake of articulated robots in production has led to an increase in product quality.Articulated robots also offer reduced production cost as overall cost for implementation of articulated robots is less compared to manual labor.
Resultantly, the global articulated robots market is growing rapidly.
Considering the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global articulated robot market is projected to garner exponential accruals by 2023, registering a staggering CAGR throughout the forecast period (2018 – 2023).
Also, the industrial revolution 4.0 is set to boost the global articulated robot market.
Rotary joints allow a full range of motion, as they rotate through multiple planes, and they increase the capabilities of the robot considerably.
Articulated Robot can be divided into three categories: 4-Axis or less type, 5-Axis type and 6-Axis or more type.
6-Axis or more type accounted for the highest proportion in production market, with a figure of 57.32% in 2017, followed by 4-Axis or less type, account for 26.02% and 5-Axis type account for 16.66%.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-articulated-robot-market-2020-2026/request-sample The sales market share of global Articulated Robot in Automotive use, Electrical and Electronics use, Machinery use, Rubber, Plastics & Chemicals use, Food & Beverage use and other applications have been stable year by year, at 37.41%, 22.94%, 9.02%, 8.67%, 4.64% and 17.32% respectively in 2017, and for several consecutive years, the amplitude was within one percent.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.
Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
