Introduction of Articulated Robot Market/Industry:
The market for Articulated Robot is being propelled by the due to growing advancements in automation and robotics technology. According to Cognitive Market Research, it is valued at USD 25142.2 million in 2023; the market is projected to grow at a CAGR of 5.20%, reaching USD 88285.66 million by 2032. The articulated robotic marketplace is experiencing extensive growth, driven by improvements in automation and robotics generation throughout diverse industries. Articulated robots, characterized by the aid of their bendy fingers and a couple of joints, are designed to perform complex obligations with precision and flexibility. These robots are broadly utilized in production, assembly, welding, painting, and material coping with, improving efficiency and decreasing labor prices. The increasing call for automation in sectors which include automotive, electronics, and patron goods is fueling the adoption of articulated robots. Their potential to handle repetitive obligations, enhance product quality, and make sure employee protection makes them priceless in contemporary production environments. Moreover, the upward thrust of Industry 4.0, which emphasizes interconnected and smart manufacturing systems, is similarly propelling the market. Key players in the articulated robot marketplace are always innovating and specialize in enhancing robot capabilities, ease of programming, and integration with advanced technologies like synthetic intelligence and machine studying. As industries try for more productiveness and flexibility, the articulated robot marketplace is poised for large growth, transforming traditional manufacturing procedures and shaping the destiny of automation.
Top Companies Operating in the Articulated Robot Industry Worldwide (Companies should be mentioned in order of their shareholding)
- ABB (Switzerland)
- FANUC Corporation (Japan)
- OMRON Corporation (Japan)
- Toshiba Corporation (Japan)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- Universal Robots (Denmark)
- Rockwell Automation, Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- Mitsubishi Electric Corporation (Japan)
- Panasonic Corporation (Japan)
- NACHI-FUJIKOSHI CORP. (Japan)
- Seiko Epson Corporation (Japan)
- KUKA AG (Germany)
- DENSO CORPORATION (Japan)
- Aurotek Corporation (Taiwan)
Criteria for Comparing Companies in the Articulated Robot Market:
Cognitive Market Research analyzed numerous companies to provide an accurate assessment of the capabilities and market position of companies in the Articulated Robot market. When evaluating groups within the articulated robot marketplace, numerous key standards must be considered. First, product range and innovation are critical; corporations that offer a diverse choice of articulated robots with various payload capacities, reach, and functionalities have a tendency to guide the marketplace. Technological advancements play a widespread position, mainly in areas inclusive of AI integration, programming ease, and collaborative abilities, which beautify the robots' versatility. Next, market presence and revel can suggest reliability and trustworthiness. Companies with a protracted status history inside the robotics industry may additionally have established track facts and hooked up consumer relationships. Additionally, customer service and carrier quality are crucial; powerful after-income guides, schooling, and renovation services can appreciably affect user pride. Pricing and cost-effectiveness additionally matter, as businesses are searching for answers that offer first-class go-back on funding. Lastly, sustainability practices are more and more vital; companies that prioritize green manufacturing approaches and power-efficient robots may additionally attraction more environmentally aware customers. By comparing these criteria, stakeholders could make knowledgeable choices while selecting agencies inside the articulated robot market.
Top Manufacturing Companies of Articulated Robot:
ABB (Switzerland), FANUC Corporation (Japan), OMRON Corporation (Japan), Toshiba Corporation (Japan), YASKAWA ELECTRIC CORPORATION. (Japan) are the key players in the Articulated Robot Market.
ABB (Switzerland).
ABB is a worldwide leader in electrification and automation technology, running in over one hundred nations with a rich record spanning more than one hundred thirty years. The share of this company for this market is 19%. Headquartered in Zurich, Switzerland, ABB specializes in imparting modern solutions that decorate productiveness, safety, and performance throughout diverse industries, which include utilities, transportation, and production. The corporation is famed for its cutting-edge robotics and automation answers, especially articulated robots, which can be widely utilized in production and meeting tactics. ABB's robotic offerings are designed to enhance operational efficiency and versatility while ensuring high precision and reliability. In addition to robotics, ABB makes a specialty in electrification merchandise and systems, inclusive of power grids, electric car charging infrastructure, and advanced control systems. The company's commitment to sustainability is clear in its efforts to expand technology that aids power performance and reduces carbon emissions. With a sturdy emphasis on research and improvement, ABB continuously innovates to meet the evolving wishes of its clients. By leveraging digital technology and automation, ABB pursuits to steer the transition to an extra sustainable and related future, creating a huge effect throughout the worldwide commercial panorama. The IRB 5710 and 5720 are two new classes of large robots that ABB introduced in August 2022 to broaden their selection for intricate industrial applications. Productivity has grown thanks to these robots. These include the production of electric vehicles (EVs), foundries, forging, rubber, and plastic. Activities like metal fabrication will also receive additional time. Improvements include more durable design with integrated system lines, faster speed, accuracy, and flexibility .
FANUC Corporation (Japan):
FANUC Corporation is a main international manufacturer of manufacturing unit automation and robotics, situated in Oshino, Japan. The share of this company for this market is 24%. Established in 1956, FANUC focuses on CNC (laptop numerical manipulation) systems, commercial robots, and factory automation solutions, serving a variety of industries consisting of automobiles, electronics, and consumer items. The enterprise is renowned for its advanced robotic structures, consisting of articulated robots, collaborative robots (cobots), and coping with robots that are designed to improve productiveness, precision, and versatility in manufacturing tactics. FANUC's commitment to innovation is reflected in its giant investment in studies and improvement, allowing the combination of contemporary technologies like artificial intelligence, device getting to know, and IoT into its products. FANUC's robots are regarded for their reliability and ease of use, making them suitable for numerous packages, from assembly and welding to painting and packaging. The company also emphasizes sustainability, growing electricity-green answers that limit environmental effects. With a strong worldwide presence and a reputation for high quality, FANUC maintains to steer the manner in the automation era, empowering producers to attain greater efficiency and competitiveness in a more and more dynamic market. The group firm of FANUC CORPORATION (FANUC) in Spain, FANUC IBERIA, has moved and grown. On February 20, 2024 (a Tuesday), there was a celebration of the occasion with an opening ceremony.
OMRON Corporation (Japan),
OMRON Corporation is an outstanding Japanese multinational agency founded in 1933, situated in Kyoto, Japan. Renowned for its contributions to automation and management, OMRON operates across diverse sectors, inclusive of manufacturing, healthcare, and infrastructure. The share of this company for this market is 13%. The organization specializes in developing progressive solutions that beautify productiveness, efficiency, and safety. In the world of industrial automation, OMRON is well-known for its superior robotics and sensing generation, offering quite a number of merchandise consisting of industrial robots, system vision systems, and programmable common sense controllers (PLCs). OMRON's robotic answers are designed to optimize manufacturing methods, enabling more flexibility and precision. Additionally, OMRON is devoted to advancing healthcare technology, providing clinical devices and systems that enhance affected persons care and well-being. The business enterprise places a sturdy emphasis on sustainability, actively operating to reduce environmental impact through power-green products and practices. With a willpower to innovation and an international presence, OMRON maintains to guide in the automation era, supporting agencies to navigate the challenges of Industry 4.0 whilst contributing to a more fit, greater sustainable future. The world leaders in industrial robotics and automation, OMRON Robotics and Safety Technologies Inc., and Neura Robotics, a pioneer in cognitive robotics, are thrilled to announce their strategic cooperation. By integrating cognitive robots into factory automation and utilizing cutting-edge AI capabilities to improve efficiency, flexibility, and safety, this cooperation seeks to transform the manufacturing sector.
Toshiba Corporation (Japan)
Toshiba Corporation, founded in 1875 and centered in Tokyo, Japan, is a varied multinational conglomerate regarded for its innovation in various sectors, inclusive of electronics, power, and infrastructure. The share of this company for this market is 10%. The organization operates across a wide range of industries, imparting advanced technology and answers that cope with the evolving wishes of clients internationally. Toshiba is identified for its contributions to the semiconductor and storage solutions markets, the production of contemporary memory merchandise, and excessive-performance garage gadgets. In addition to electronics, Toshiba is a key player within the electricity sector that specializes in nuclear energy, renewable energy, and clever grid technologies, contributing to international efforts for sustainable electricity answers. The organization's dedication to analysis and improvement drives its capacity to deliver progressive products and services, improving performance and productiveness for its customers. Toshiba additionally emphasizes corporate duty and sustainability, aiming to create a tremendous impact on society and the environment. With a strong global presence and a wealthy record of technological improvements, Toshiba Corporation continues to play a pivotal position in shaping the future of various industries, making it a relied-on associate within the realm of generation and infrastructure.
Yaskawa Electric Corporation. (Japan)
Yaskawa Electric Corporation, founded in 1915 and centered in Kitakyushu, Japan, is a worldwide chief in automation, robotics, and movement manipulation technology. The share of this company for this market is 8%. Renowned for its progressive answers, Yaskawa focuses on commercial robots, servo drives, and programmable controllers, catering to various industries consisting of cars, electronics, and meal processing. The organization is especially diagnosed for its wide range of commercial robots, which can be designed to enhance productivity, precision, and flexibility in production approaches. Yaskawa's Motoman robots are broadly used for responsibilities including welding, meeting, and material managing, drastically enhancing operational performance. In addition to robotics, Yaskawa excels in motion control solutions, providing products that optimize machine performance and electricity efficiency. The agency emphasizes research and development, constantly advancing its technology to satisfy the demands of Industry 4.0 and the growing fashion closer to automation. Yaskawa Electric Corporation is devoted to sustainability and specializes in power-green solutions that minimize environmental impact. With a robust worldwide presence and a recognition for first-class, Yaskawa continues to be a key player in using innovation in automation and robotics, shaping the destiny of manufacturing.
Potential Threats to Top Five Players in the Articulated Robot Market:
CMR found that emerging players in the Articulated Robot market, such as Universal Robots (Denmark), Rockwell Automation, Inc. (U.S.), Robert Bosch GmbH (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan) are poised to become significant threats to the top five companies. Emerging gamers within the articulated robotic market, together with Universal Robots, Rockwell Automation, Robert Bosch GmbH, Mitsubishi Electric Corporation, and Panasonic Corporation, are increasingly positioning themselves as formidable competitors to installed enterprise leaders. Universal Robots, based totally in Denmark, is especially recognized for its collaborative robots (cobots), which can be consumer-pleasant and designed for safe interaction with human workers, making automation handy for small and medium organizations. Rockwell Automation, a U.S. Organisation, leverages its information in industrial automation and software solutions to combine robotics seamlessly into clever production environments. Robert Bosch GmbH of Germany, with its widespread experience in engineering and technology, is growing progressive robotic solutions that decorate productivity across various sectors. Mitsubishi Electric and Panasonic, both from Japan, are capitalizing on their strengths in automation and electronics to supply advanced robot technology that targets performance and precision. These organizations are more of the handiest innovating rapidly; however, they additionally adopt aggressive pricing strategies and tailored answers to meet particular enterprise wishes. As they continue to gain market percentage, those rising players threaten to disrupt the dominance of mounted firms, driving in addition innovation and competitiveness inside the articulated robotic marketplace.
Guidelines: How New Entrants Can Excel in the Articulated Robot Market
Rising Demand for Automation in Manufacturing is the Key Factors Where New Entrants Should Focus on the Articulated Robot Market
The growing demand for automation in production affords a tremendous possibility for brand-new entrants in the articulated robot marketplace. As industries attempt to beautify efficiency, lessen exertion costs, and enhance product niceness, the need for advanced robot solutions has turned out to be paramount. New gamers need to consciousness of developing innovative articulated robots that cope with the precise wishes of numerous sectors, which include automobiles, electronics, and purchaser goods. Key regions of emphasis need to consist of collaborative robots (cobots), which could competently paint alongside human operators, improving productiveness without compromising protection. Additionally, the mixing of artificial intelligence and devices getting to know can optimize robotic overall performance and enable adaptive production tactics. New entrants should also prioritize ease of programming and user-friendly interfaces, making automation handy to smaller organizations that can need more specialized understanding. Sustainability is another critical thing; growing electricity-efficient and environmentally friendly robots can align with global traits in the direction of greener manufacturing practices. By addressing these demands, new players can carve out a spot within the articulated robot marketplace, contributing to the wider shift closer to automation and assisting producers to navigate the demanding situations of Industry 4.0.
Conclusion
Integrating the Internet of Things (IoT) and Industry 4.0 principles to Enhance the Growth of the Articulated Robot Market
The market, valued at USD 25142.2 million in 2023, is projected to reach USD 88285.66 million by 2032, The articulated robotic marketplace is poised for substantial growth, pushed by way of the increasing call for automation throughout numerous industries. As producers are trying to find to decorate performance, precision, and safety, the adoption of advanced robotic solutions is becoming critical. Emerging gamers are capitalizing on this trend by providing innovative technology, mainly in collaborative robots and AI integration. The focus on sustainability and consumer-friendly answers, in addition, underscores the marketplace's evolution. With ongoing advancements and a shift towards smart manufacturing, the articulated robotic marketplace is set to convert conventional manufacturing methods, creating new opportunities for groups and fostering competitiveness within the global landscape. Emerging players in the articulated robotic marketplace, which includes Universal Robots, Rockwell Automation, Robert Bosch GmbH, Mitsubishi Electric, and Panasonic, are positioning themselves as sturdy competitors to established leaders. With revolutionary technology like collaborative robots and advanced automation solutions, those groups are assembling the rising demand for flexibility and performance in production. Their awareness of person-pleasant interfaces, aggressive pricing, and sustainability initiatives complements their appeal, doubtlessly disrupting the dominance of the top 5 firms within the market. Key players within the articulated robot market consist of ABB (Switzerland), FANUC Corporation (Japan), OMRON Corporation (Japan), Toshiba Corporation (Japan), and Yaskawa Electric Corporation (Japan). These corporations are identified for their advanced robotics era, focusing on innovation, efficiency, and automation answers. With good-sized enjoy and a strong international presence, they offer a wide range of articulated robots tailor-made for various applications in the manufacturing, car, and electronics sectors. Their dedication to analysis and improvement drives continuous improvement and competitiveness in the market.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
