Articulated Robot Market share
A new market study, titled “Articulated Robot Market share” has been featured on Market Research Future.
What are Articulated Robots?
Articulated robots have arms that have at least three rotary joints and they are highly popular across industries since they make the manufacturing process precise and fast. These robots find extensive use in industries for a variety of applications such as welding, material handling, bin picking, load/unload, processing, assembly, painting and washing, among others.
Articulated robots help make the production highly efficient, handling products that can be too heavy as well as unsafe for humans. These robots conduct these tasks without requiring any rest, unlike humans. They possess high durability, deliver accurate outputs for long-term operations and are able to conduct complex tasks in place of humans.
The increasing use of articulated robots in production processes has boosted product quality, since the outcomes are more accurate compared to manual labor. These robots also facilitate reduction in cost of production since the cost of implementing articulated robots is much lower than manual labor during the entire lifecycle.
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What is the Articulated Robot Market Growth Scope?
The articulated robot market can gain massive traction in the approaching years, because of the impressive surge in the applications of articulated robots in electronic manufacturing and automotive sectors. Also, the growing use of the target product across firms can push the growth scope of articulated robots in the coming years. Rising need for precise operations across assembly lines combined with the amplified demand for mechanization can also benefit the global market.
The extensive use of articulated robots in aerospace, food & beverages, EMS and medical & pharmaceuticals sectors are expected to fare well with the market growth in the following period. Less populated areas paired with the high requirement for accuracy in deep underwater and metal mining activities can boost the market earnings for articulated robot in the next couple of years. Mounting preference for the industry 4.0 can lead to a higher demand for articulated robots in the ensuing years.
With the increase in labor costs as well as the intensifying competition from small players, the demand for articulated robots is expected to rise. More and more companies now realize that these robots can boost the reliability, performance and quality and also reduce the risks generally associated with the manufacturing processes. They offer numerous benefits compared to other types of robots, such as dexterity, a lower level of complexity as well as flexibility. These robots bring a lot to the table as far as the production process is concerned, which drives their popularity among a large number of manufacturing industries.
Applications of Articulated Robots
Articulated robots are able to handle a variety of payload applications, while offering an optimum level of flexibility and adaptability over an extensive range of industrial production applications. The rising need for automation across different industries including aerospace, automotive, food & beverages, EMS (electronic manufacturing services), chemicals, metals & machinery, precision engineering & optics, pharmaceuticals & cosmetics and rubber, & plastics, can lead to excellent business growth in the near future.
However, the highest adoption of articulated robots has been noted in the automotive sector. Over the years, the vehicle sales have risen considerably all over the world. The escalating demand in emerging countries is likely to be a lucrative opportunity for the market players in the years to come. Consequently, more and more automobile manufacturers are working on boosting the efficiency as well as productivity of their manufacturing processes. This can result in greater automation within the automotive sector, leading to more demand for articulated robots.
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Articulated Robot Market ShareThe 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 Share.
The growth sectors of the Articulated Robot Market Share 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.
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.
