Articulated Robots Market Size, Share, Growth Analysis, 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), By Industry(Automotive, Electrical and Electronics, Metal and Machinery, Food and Beverages), By Region - Industry Forecast 2024-2031

Global Articulated Robots Market size was valued at USD 13.44 Billion in 2022 and is poised to grow from USD 16.81 Billion in 2023 to USD 80.31 Billion by 2031, growing at a CAGR of 25.04% in the forecast period (2024-2031).

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.