Global Robotic Arm Market – Industry Trends and Forecast to 2031

Robotic Arm Market Analysis and Size

The robotic arms is majorly used in manufacturing, where they play a crucial role in tasks such as assembly, welding, and material handling. These robotic arms enhance efficiency, precision, and speed in production processes, leading to increased productivity and cost-effectiveness for industries. Their versatility allows for automation in various sectors, including automotive, electronics, and aerospace, contributing to the optimization of manufacturing workflows and operational performance.

Data Bridge Market Research analyses the global robotic arm market valued at USD 29.89 billion in 2023, will reach USD 84.66 billion by 2031, growing at a CAGR of 13.90% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Robotic Arm Market Scope and Segmentation  

Market Definition

A robotic arm is a mechanical device designed to mimic the functions of a human arm. Comprising joints and segments, it can perform precise and programmable movements, often controlled by a computer. Robotic arms are widely used in industrial automation, medical surgeries, and other applications where precision and repeatability are crucial. They typically feature sensors and actuators, allowing them to interact with and manipulate objects in diverse environments.

Global Robotic Arm Market Dynamics

Drivers

• Industrial Automation Increases the Demand for Demand For Robotic Arms

As industries increasingly embrace automated processes to enhance efficiency and productivity, robotic arms play a pivotal role in executing complex and repetitive tasks with precision. These versatile robotic tools find applications across various sectors, including manufacturing, logistics, and healthcare, driving the market forward. Their ability to streamline operations, improve accuracy, and adapt to diverse tasks positions robotic arms as a key driver in meeting the evolving demands of automated industries.

• Rapid Technological Advancements Leads to More Versatile Robotic Arms

Continuous technological advancements in robotics, materials, and control systems are driving innovation in the robotic arm market. These advancements lead to the development of more advanced and versatile robotic arms that can perform a wide range of tasks with increased precision and efficiency. Collaborative robots that can work alongside humans, dual-arm robots for more complex operations, and lightweight, high-speed robotic arms are instancesof technological advancements that cater to different industry needs. As technology evolves, the cost-effectiveness, flexibility, and adaptability of robotic arms improve, making them more attractive for a broader range of applications.

Opportunities

• Growth in E-commerce Demands Robotic Arms for Material Handling

With the rise of e-commerce and the increasing demand for efficient logistics operations, there is a significant opportunity for robotic arms in material handling and order fulfillment processes. Robotic arms can be deployed in warehouses for tasks such as picking, packing, and sorting, helping to streamline operations, reduce errors, and improve overall efficiency. As the e-commerce sector continues to expand globally, the demand for robotic arms in logistics and supply chain management is expected to rise, presenting a lucrative opportunity for the robotic arm market.

• Robotic Arms Assisting in Healthcare Applications

The medical and healthcare sector offers promising opportunities for robotic arms, particularly in surgeries, rehabilitation, and patient care. Robotic surgical systems have already gained traction, enabling surgeons to perform minimally invasive procedures with enhanced precision. As technology advances, robotic arms could play a more significant role in surgeries, diagnostics, and rehabilitation therapies. Robotic arms have the potential to assist in tasks such as patient lifting and handling, reducing the physical strain on healthcare professionals.

Restraints/Challenges

• High Costs Challenges for Small and Medium-Sized Enterprises

The implementation of robotic arms in manufacturing or other industries often involves significant upfront costs. The initial investment includes the purchase of the robotic arm itself and expenses related to system integration, programming, training, and maintenance. Small and medium-sized enterprises (SMEs) may find it challenging to justify these high upfront costs, leading to slower adoption rates in certain sectors. The cost factor can act as a significant restraint for businesses with budget constraints, hindering the widespread adoption of robotic arms across industries.

• Lack of Skills and Expertise can Impede the Market Growth

As industries increasingly adopt robotic technology, the shortage of qualified personnel proficient in handling and troubleshooting these advanced systems becomes a bottleneck. This limitation hinders the seamless integration and widespread adoption of robotic arms across various sectors, impacting the expansion of the market.

This global robotic arm market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global robotic arm market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2023, Flexiv partnered with Singapore-based Handplus Robotics to develop customized smart solutions, aiming to address labor bottlenecks and accelerate return on investment (ROI) through automation
• In December 2022, ABB inaugurated a $150 million, 67,000m2 fully automated robotics factory in Shanghai, China. The facility employs ABB's digital and automation technologies to manufacture next-generation robots, solidifying ABB's position as a leader in robotics and automation in China
• In January 2022, Yaskawa Electric Corporation acquired additional shares of Doolim-Yaskawa Electric Corporation Co., Ltd., a prominent Korean manufacturer of painting and sealing robot systems. This strategic move enhances Yaskawa's presence in the robotic painting and sealing system market, leveraging synergies with Doolim-Yaskawa Electric Corporation

Global Robotic Arm Market Scope

The global robotic arm market is segmented on the basis of payload capacity, type, axis, end user industry and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the Users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Payload Capacity

• Less than 500KG
• 500-3000KG
• 3001KG and Above

Type

• Articulated
• Cartesian
• SCARA
• Spherical or Polar
• Cylindrical
• Others

Axis

• 1-Axis
• 2-Axis
• 3-Axis
• 4-Axis
• 5-Axis
• 6-Axis
• 7-Axis

End User Industry

• Automotive
• Electrical and Electronics
• Metals and Machinery
• Plastics and Chemicals
• Food and Beverages
• Others

Application

• Materials Handling
• Cutting and Processing
• Soldering and Welding
• Assembling and Disassembling
• Others

Global Robotic Arm Market Regional Analysis/Insights

The global robotic arm market is analysed and market size insights and trends are provided by payload capacity, type, axis, end user industry and application as referenced above.

The countries covered in the global robotic arm market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates in the global robotic arm market is attributed to its advanced technological infrastructure and extensive adoption of smart city initiatives. The region benefits from a strong presence of major industry players, fostering innovation and market growth. Additionally, a surge in research activities further contributes to the region's leadership in advancing robotic arm technologies, positioning North America as a key hub for the development and deployment of robotic solutions.

The Asia-Pacific is expected to experience the substantial growth during the forecast, driven by factors such as rapid urbanization, robust infrastructure development, and the widespread adoption of advanced technologies, particularly in countries such as China, Japan, and India. The expanding automotive and consumer electronics industries in the region further contribute to the rising demand for infrared LED lighting solutions, reflecting a trend towards increased technological integration in various sectors.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Robotic Arm Market Share Analysis

The global robotic arm market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus to global robotic arm market.

Some of the major players operating in the global robotic arm market are:

• FANUC CORPORATION (Japan)
• YASKAWA ELECTRIC CORPORATION. (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• ABB (Sweden)
• Mitsubishi Electric Corporation (Japan)
• Adept Technologies (India)
• DENSO WAVE INCORPORATED. (Japan)
• Rockwell Automation, Inc. (US)
• NACHI-FUJIKOSHI CORP. (Japan)
• Universal Robots A/S (Denmark)
• Omron Corporation(Japan)
• Seiko Epson Corporation. (Japan)
• Flexiv (US)
• Asimov Robotics. (India)
• Gridbots Technologies Private Limited. (India)
• Dobot (China)

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