Global Robotic Arm Market is experiencing a few improvements, item dispatches, joint wanders, mergers and acquisitions owing to its conspicuous advertise players and best brands which are driving the showcase within the terms of deals, consequence, send out, and income. This report gives an edge to not as it were compete but to outperform the competition too. This study calculates CAGR esteem variance amid the figure period of 2018-2025 for the Global Robotic Arm Market.
This report too finds out all the drivers and limitations with the assistance of SWOT investigation for the Global Robotic Arm Market. The global demand at the End-user segment is rising day by day for the Global Robotic Arm Market due to which Robotic Arm is rapidly changing the face of Semiconductors and Electronics industry. This Global Robotic Arm Market on the Global Robotic Arm Market is a walk through the market definition, classifications, applications, and market trends.
Market Analysis: Global Robotic Arm Market
Global robotic arm market is expected to register a healthy CAGR of 12.96% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing advancements of technologies such as artificial intelligence along with the development of sensors components.
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Major Market Competitors/Players: Global Robotic Arm Market
Few of the major competitors currently working in robotic arm market are ABB; Mitsubishi Electric Corporation; FANUC CORPORATION; KUKA AG; ANCA; YASKAWA ELECTRIC CORPORATION; DENSO CORPORATION; Universal Robots; Kobolt Robotics; Kawasaki Heavy Industries, Ltd.; Omron Corporation; NACHI-FUJIKOSHI CORP.; Seiko Epson Corporation; Flexiv Ltd.; Rockwell Automation, Inc.; ASIMOV Robotics; Gridbots Technologies Private Limited and Dobot.cc.
Market Definition: Global Robotic Arm Market
Robotic arm can be defined as a type of mechanical robot which is capable of providing similar functioning and operations as a human arm rather enhanced. The arm is connected with a rotational manipulator to the end of an arm similar to that of humans. The arm is controlled through the help of a computer system which allows the repetition of movement/operations.
- Increasing costs associated with human workforce/labour; this factor is expected to positively affect the growth of the market
- Higher efficiency and effectiveness of operations which results in larger productivity is expected to drive the growth of the market
- Growth in the usage of automation in industries is expected to positively boost the growth of the market
Segmentation: Global Robotic Arm Market
By Payload Capacity
- Less than 500KG
- 3001KG & Above
- SCARA (Selective Compliance Assembly Robot Arm)
- Spherical or Polar
By End-User Industry
- Electrical & Electronics
- Metals & Machinery
- Plastics & Chemicals
- Food & Beverages
- Materials Handling
- Cutting & Processing
- Soldering & Welding
- Assembling & Disassembling
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In April 2019, ANCA announced the launch of their first industrial robot, SCARA (selective compliance assembly robot arm). The product developed with collaboration from various manufacturers is a first step in their expansion of product capabilities.
- In April 2019, Flexiv Ltd. announced the launch of their new robot termed as “Rizon” during the annual Hannover Messe Trade Fair. The robot is the world’s first adaptive robot that has the combination of direct force control with artificial intelligence giving it greater position variance, quicker operating speed and safe working environments.
Competitive Analysis: Global Robotic Arm Market
Global robotic arm market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of robotic arm market for global, Europe, North America, Asia-Pacific and South America.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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