USD 20.3 billion
Report ID:
SQMIG55A2051 |
Region:
Global |
Published Date: November, 2024
Pages:
183
|Tables:
98
|Figures:
74
Articulated Robots Market size was valued at USD 23.2 Billion in 2023 and is poised to grow from USD 26.59 Billion in 2024 to USD 79.3 Billion by 2032, growing at a CAGR of 14.6% during the forecast period (2025-2032).
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.
Global Market Size
USD 20.3 billion
Largest Segment
Welding
Fastest Growth
Handling
Growth Rate
14.6% CAGR
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Global Articulated Robots Market is segmented by Payload, Function, Industry and region. Based on 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. Based on function, the market is segmented into Handling, Welding, Dispensing, Assembly, Processing, Others. Based on Industry, the market is segmented into Automotive, Electrical & Electronics, Metal & Machinery, Food & Beverages, Chemicals, Rubbers & Plastics, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
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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.
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Drivers
Increasing Demand for Industrial Robots to Automate Manufacturing Tasks
Artificial Robots Widely Used in the Automotive Industry
Restraints
Capital Investment and High Operating Costs May Hamper Market Growth
High Cost
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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
Recent Developments
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 2023 | USD 23.2 Billion |
Market size value in 2032 | USD 79.3 Billion |
Growth Rate | 14.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Articulated Robots Market:
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Report ID: SQMIG55A2051
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