Articulated Arm Robot Market Forecasts to 2030 – Global Analysis By Type (Longitudinal Articulated and Transversely Articulated), Application (Electronics, Automotive , Healthcare, Aerospace , Manufacturing and Other Applications) and By Geography

Articulated Arm Robot Market Forecasts to 2030 – Global Analysis By Type (Longitudinal Articulated and Transversely Articulated), Application (Electronics, Automotive, Healthcare, Aerospace, Manufacturing and Other Applications) and By Geography

According to Stratistics MRC, the Global Articulated Arm Robot Market is accounted for $20.9 billion in 2023 and is expected to reach $68.6 billion by 2030 growing at a CAGR of 18.5% during the forecast period. An articulated arm robot is a particular kind of robotic system that has a mechanical arm with several joints that may move linearly or rotate. These joints, which frequently mimic the suppleness of a human arm, enable the robot to move with remarkable precision and articulation. Robots with articulated arms are employed in many different fields and situations, usually for jobs requiring accuracy, dexterity, and flexibility.

Market Dynamics:

Driver:

Automation demand

Automation demand is a compelling driver in the articulated arm robot market. The increasing requirement for increased productivity, accuracy, and efficiency across a range of industries is driving this demand. With their adaptability, agility, and ability to do repetitive and exact tasks, articulated arm robots are becoming increasingly popular for automating a variety of activities. Additionally, they are essential in modern production settings because of their capacity to do intricate moves and operate in small areas. The automation demand driver is anticipated to drive the articulated arm robot market forward.

Restraint:

High cost

One major barrier to commercial adoption of articulated arm robots is their high initial costs. Due to their complex engineering and precision components used in their production processes, these robots are relatively expensive to purchase due to their superior technological capabilities. Additionally, these robots cannot be used for jobs or industries that are not specifically addressed by customized programming and system integration. This raises the overall cost because it requires specific knowledge. The integration of sophisticated safety mechanisms and adherence to stringent laws are necessary to guarantee the security of both human operators and robots, therefore raising expenses. These are all factors that hinder the expansion of the market.

Opportunity:

Remote work and telepresence

Articulated arm robots are becoming increasingly important for enabling remote work and telepresence in a variety of contexts due to technological improvements and changes in the nature of work. Telepresence robots have advanced education beyond the business world by allowing students to participate in remote classes while still having an engaging and dynamic learning environment. Furthermore, articulated arm robots can close the gap between remote and in-office workers as hybrid work models gain hold, creating a more welcoming and engaging virtual environment. These factors propel market demand.

Threat:

Shortage of skilled labor

Skilled experts are needed to operate and maintain articulated arm robots. The shortage of skilled labor can be a challenge for industries looking to adopt these robots. These advanced robotic systems require a specialized skill set for programming, operation, maintenance, and troubleshooting. Because articulated arm robots are developing so quickly technologically, workers sometimes lack the knowledge necessary to communicate with these machines in an efficient manner. The process of retraining or up skilling the current workforce can be expensive and time-consuming. A shortage of skilled labor is a significant barrier to market expansion.

Covid-19 Impact

The market for articulated arm robots was significantly impacted by the COVID-19 outbreak. Lockdowns and travel restrictions first caused supply chain problems in the market, which delayed the production and distribution of these sophisticated devices. These robots were extremely useful for tasks including material handling, disinfection, and remote monitoring. Additionally, the epidemic promoted the adoption of Industry 4.0 concepts, with the key components of smart manufacturing and contactless production being articulated arm robots.

The longitudinal articulated segment is expected to be the largest during the forecast period

The longitudinal articulated segment is estimated to hold the largest share. A longitudinal articulated robot is a vital category in the broader articulated arm robot market. In many different industries, longitudinal articulated robots are widely used, especially for tasks requiring precision and extended reach, like material handling, CNC milling, and laser cutting. Additionally, they are extremely sought-after tools in production and assembly operations because of their great repeatability and capacity to work in cramped areas. The demand for longitudinally articulated robots is anticipated to increase as technology develops and companies adopt automation more widely. This will have a major impact on the market's overall growth for articulated arm robots.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to have lucrative growth during the forecast period. The automotive industry makes substantial use of articulated arm robots for a variety of tasks, such as material handling, welding, painting, and assembly. These robots are perfect for jobs like spot welding, where accuracy is critical, because they have excellent precision, speed, and repeatability. Additionally, they increase the productivity of auto assembly lines, which lowers costs and improves product quality. The need for articulated arm robots is anticipated to increase as the automotive sector develops due to developments in electrified and driverless cars.

Region with largest share:

North America commanded the largest market share during the extrapolated period. This region encompasses the United States and Canada, where these robots are widely deployed across various industries. Demand for articulated arm robots in the US is mostly driven by the automobile industry, which uses them for assembly and welding work. The aerospace and electronics sectors also use them for precise applications. These robots are also useful in the pharmaceutical and healthcare industries for jobs like lab automation and surgical support.

Region with highest CAGR:

Asia Pacific is expected to witness profitable growth over the projection period. Industries like automotive, electronics, and metallurgy, the use of articulated arm robots has increased throughout Asia-Pacific's manufacturing powerhouses, most notably China. The development of cutting-edge robotic systems demonstrates the region's commitment to automation and technical developments. With its varied economies and growing focus on industrial automation, the Asia-Pacific area is anticipated to continue being a major force behind the expansion of the global articulated arm robot market.

Key players in the market

Some of the key players in the Articulated Arm Robot Market include Fanuc, ABB, Motoman Robotics, Yaskawa Electric, OC Robotics, Axium, Langhammer GmbH, Ellison Technologies, Aurotek, Denso Wave, Adept Technology, Kuka AG, Kawasaki Robotics and Mitsubishi Electric Corp.

Key Developments:

In September 2023, ABB has launched two new variants of its GoFa collaborative robot. The GoFa 10 and GoFa 12 open new possibilities for companies to leverage cobot automation for enhanced efficiency. Handling payloads of up to 10 and 12 kilograms with market-leading repeatability, the cobots accomplish an expanded range of tasks in close collaboration with factory workers, addressing skills and labor shortages while improving safety and productivity.

In October 2022, Yaskawa Electric Corporation announces the launch of a new lineup of MOTOMAN-HC30PL (30 kg payload capacity, 1600 mm reach), a model to palletizing applications such as cardboard, for the human collaboration robot series that has been developed with 10 kg and 20 kg payload capacity.

Types Covered:
• Longitudinal Articulated
• Transversely Articulated

Applications Covered:
• Electronics
• Automotive
• Healthcare
• Aerospace
• Manufacturing
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements