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Global Robotic Arm Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Robotic Arm Market, By Payload Capacity (Less than 500KG, 500-3000KG, 3001KG and Above), Type (Articulated, Cartesian, SCARA, Spherical or Polar, Cylindrical, Others), Axes (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) - Industry Trends and Forecast to 2029

 

Robotic Arm Market

Market Analysis and Size

The rise in technology and advancements have reduced the superior working hours that are required for maintenance. Robotic arms are being widely utilized in handling the heavy payloads at the arm wrist. These advanced arms are effective in handling payload capacity, which increases its capacity as per the task.

Global robotic arm market was valued at USD 26.24 billion in 2021 and is expected to reach USD 74.35 billion by 2029, registering a CAGR of 13.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Robotic arm perform all the similar functions as a human arm. But robotic arms perform functions with greater efficiency as it is an enhanced technology. Robotic arm is connected to a rational manipulator and is controlled via computer. A robotic arm is a mechanical arm, which is programmable and consists of number of joints that either move along the axis or rotate in directions. Thus, a robotic arm is categorized into 1-axis, 2-axis, 3-axis, 4-axis, 5-axis, 6-axis and 7-axis on the basis of axis. Since it is a machine, it is designed to be stronger than a human arm. This means that robotic arms can perform repetitive and heavy tasks with great precision.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014- 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Payload Capacity (Less than 500KG, 500-3000KG, 3001KG and Above), Type (Articulated, Cartesian, SCARA, Spherical or Polar, Cylindrical, Others), Axes (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)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

Market Players Covered

KUKA AG (Germany), 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 (Denmark), OMRON Corporation (Japan), Seiko Epson Corporation. (Japan), Flexiv (US), Asimov Robotics. (India), Gridbots Technologies Private Limited. (India), and Dobot.cc (China), among others

Market Opportunities

  • Increase in automation in electronics industry and research and development proficiencies in the technology
  • Rise in demand for robotic automation in the logistics industry
  • Rise in shift in company business operations

Robotic Arm Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Shift in Company Business Operations

The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of robotic arm market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.

  • Increase in Warehouses

The surge in number of warehouse developments in the advancing countries accelerate the market growth. The rise in need from the manufacturing industry has a positive impact on the growth of the market. The increase in startups offering robotic solutions for warehouse automation also drives the market further.

  • Adoption of Advanced technologies

The rise in integration of robotic process automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) offers enhanced business insights, and improved data integrity.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the robotic arm market.

Opportunities

Furthermore, increase in automation in electronics industry and research and development proficiencies in the technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for robotic automation in the logistics industry will further expand the market.

Restraints/Challenges

On the other hand, high cost of deployment, especially for SMEs and Reduction of jobs due to automation are expected to obstruct market growth. Also, interoperability and integration issues with industrial robots and need of high level of expertise and safety issues associated with industrial robotic systems are projected to challenge the robotic arm market in the forecast period of 2022-2029.

This 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 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.

COVID-19 Impact on Robotic Arm Market

The COVID-19 has impacted robotic arm market. The limited investment costs and lack of employees hampered sales and production of robotic arm technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in number of enterprises the globe is expected to further drive the market growth in the post-pandemic scenario.

Global Robotic Arm Market Scope and Market Size

The robotic arm market is segmented on the basis of payload capacity, type, axes, end user industry and application. The growth amongst these segments will help you analyze meager 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

Axes

  • 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

Robotic Arm Market Regional Analysis/Insights

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

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

Asia-Pacific dominates the robotic arm market because of the high penetration rate of process management and automation solutions among enterprises within the region.

North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the proliferation of technology in the region.

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 like 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.   

Competitive Landscape and Robotic Arm Market

The 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 companies' focus related to robotic arm market.

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

  • KUKA AG (Germany)
  • 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 (Denmark)
  • OMRON Corporation (Japan)
  • Seiko Epson Corporation. (Japan)
  • Flexiv (US)
  • Asimov Robotics. (India)
  • Gridbots Technologies Private Limited. (India)
  • Dobot.cc (China)

Research Methodology: Global Robotic Arm Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Global Robotic Arm Market segmented By Application such as Materials Handling, Cutting and Processing, Soldering and Welding, Assembling and Disassembling and Others.
The major players covered in the robotic arm market report are KUKA AG, FANUC CORPORATION, YASKAWA ELECTRIC CORPORATION., Kawasaki Heavy Industries, Ltd., ABB, Mitsubishi Electric Corporation, Adept Technologies, DENSO WAVE INCORPORATED., Rockwell Automation, Inc., NACHI-FUJIKOSHI CORP., Universal Robots, Kobolt Robotics, OMRON Corporation, Seiko Epson Corporation., Flexiv, Asimov Robotics., Gridbots Technologies Private Limited. and Dobot.cc among other domestic and global players.
The Robotic Arm Market is to grow at a CAGR of 13.90% during the forecast by 2029.
The Robotic Arm Market value is expected USD 74.35 billion by 2029.