Market Overview:
The global smart robotic arms market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart robotic arms in various industrial applications, such as welding, spraying, sorting, combining and others. Additionally, the growing adoption of robots for domestic purposes is also propelling the growth of this market. However, high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period. On basis of type, 2 axis segment is expected to hold major share in global smart robotic arms market during forecast period owing to its low cost and easy operability as compared with other types segments such as 3 axis 4 axis 5 axis 6axis and others segments .On basis on application , welding segment accounted for largest share in 2017 due high accuracy offered by these robots while performing welding tasks coupled with increasing usage across automotive & transportation sector globally .
Product Definition:
Smart robotic arms are designed to be able to operate autonomously in difficult and hazardous environments. They are often used in manufacturing and industrial settings where they can be programmed to perform specific tasks, such as welding or fabricating metal parts. The importance of smart robotic arms lies in their ability to automate complex processes, which can result in increased efficiency and productivity.
2 Axis:
2-axis is a term used for the relationship between an object's rotational and translational movement. In other words, it is the degree of freedom that an object has to perform one complete turn. The 2-axis robotic arm can move in two different directions along with its ability to hold objects and positions itself accordingly.
3 Axis:
3-axis is a term used for the orientation in which the rotation, translation and scale are all done in same plane. In 3-axis control system, there are three orthogonal mutually perpendicular axes named as X, Y and Z which defines a coordinate system. The most commonly used 3D printers have their extruders mounted parallel to the X & Y axis while their print head is mounted along Z axis.
Application Insights:
The other application segment includes packaging, coating, and dispensing applications. The welding application segment accounted for the largest market share in 2017 owing to the rising demand for robotic arms that can perform complex welding operations with high precision.
The spraying application is projected to grow at a significant rate over the forecast period due to extensive use in agricultural fields and gardens where there is a high requirement of pesticides. In addition, these robots are used for spraying paints on automobiles which further boosts product demand globally smart robotic arms market by type into consideration of other applications.
In terms of revenue, North America dominated the global industry with more than 40% share in 2017 owing to presence of key manufacturers coupled with an increasing number of manufacturing units within U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to high demand from countries such as China, Japan, South Korea, India, and Australia. Robust manufacturing base of electronics coupled with increasing automation is one of the major factors driving regional growth. Moreover, rising number of defense & military robotic applications are also anticipated to drive product demand over the forecast period.
The Asia Pacific has been witnessing robust economic growth on account of rapid industrialization along with growing population especially in China and India which has resulted into increased purchasing power thus fueling overall industry growth. Furthermore North America emerged as second largest regional market accounting for a revenue share exceeding 20% in 2017 owing to presence major companies such as Kuka AG; Fanuc Robotics Co., Ltd.; Yaskawa Electric Corporation; Kawasaki Robotics; Panasonic Corporation; Mitsubishi Electric Factory Automation Solutions Inc.
Growth Factors:
- Increasing demand for smart robotic arms in automotive and manufacturing industries for various applications such as welding, painting, assembly, and material handling.
- Growing demand for collaborative robots that can work safely with humans in close proximity is expected to boost the growth of the smart robotic arms market during the forecast period.
- Rising adoption of industrial robots owing to their advantages such as precision, speed, flexibility, and reliability is projected to fuel the growth of the global market for smart robotic arms over the next few years.
- Proliferation of Internet of Things (IoT) across different industry verticals is anticipated to create new opportunities for players operating in the global market for smart robotic arms during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Robotic Arms Market Research Report
By Type
2 Axis, 3 Axis, 4 Axis, 5 Axis, 6 Axis, Other
By Application
Used for Welding, Used for Spraying, Used for Sorting, Used for Combining, Other
By Companies
Mitsubishi Electric, ABB Robotics, B+M Surface Systems GmbH, Omron, FANUC, Yaskawa Electric Corporation, Kuka, Epson Robots, Kawasaki, Staubli, Durr, Denso Corporation, Nachi-Fujikoshi, Comau Robotics, Universal Robots, Wittmann Battenfeld Group, Yamaha, IGM, Siasun Robot and Automation, Rethink Robotics, Schunk, Shenzhen Yuejiang Technology, Lynxmotion, Crustcrawler, Mecademic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Smart Robotic Arms Market Report Segments:
The global Smart Robotic Arms market is segmented on the basis of:
Types
2 Axis, 3 Axis, 4 Axis, 5 Axis, 6 Axis, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Used for Welding, Used for Spraying, Used for Sorting, Used for Combining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Electric
- ABB Robotics
- B+M Surface Systems GmbH
- Omron
- FANUC
- Yaskawa Electric Corporation
- Kuka
- Epson Robots
- Kawasaki
- Staubli
- Durr
- Denso Corporation
- Nachi-Fujikoshi
- Comau Robotics
- Universal Robots
- Wittmann Battenfeld Group
- Yamaha
- IGM
- Siasun Robot and Automation
- Rethink Robotics
- Schunk
- Shenzhen Yuejiang Technology
- Lynxmotion
- Crustcrawler
- Mecademic
Highlights of The Smart Robotic Arms Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2 Axis
- 3 Axis
- 4 Axis
- 5 Axis
- 6 Axis
- Other
- By Application:
- Used for Welding
- Used for Spraying
- Used for Sorting
- Used for Combining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Robotic Arms Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart robotic arms are devices that can be controlled by a computer, and they are used to perform various tasks. They can be used to move objects or people, and they often have sensors that allow them to detect their surroundings.
Some of the major companies in the smart robotic arms market are Mitsubishi Electric, ABB Robotics, B+M Surface Systems GmbH, Omron, FANUC, Yaskawa Electric Corporation, Kuka, Epson Robots, Kawasaki, Staubli, Durr, Denso Corporation, Nachi-Fujikoshi, Comau Robotics, Universal Robots, Wittmann Battenfeld Group, Yamaha, IGM, Siasun Robot and Automation, Rethink Robotics, Schunk, Shenzhen Yuejiang Technology, Lynxmotion, Crustcrawler, Mecademic.
The smart robotic arms market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Robotic Arms Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Robotic Arms Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Robotic Arms Market - Supply Chain
4.5. Global Smart Robotic Arms Market Forecast
4.5.1. Smart Robotic Arms Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Robotic Arms Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Robotic Arms Market Absolute $ Opportunity
5. Global Smart Robotic Arms Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Robotic Arms Market Size and Volume Forecast by Type
5.3.1. 2 Axis
5.3.2. 3 Axis
5.3.3. 4 Axis
5.3.4. 5 Axis
5.3.5. 6 Axis
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Robotic Arms Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Robotic Arms Market Size and Volume Forecast by Application
6.3.1. Used for Welding
6.3.2. Used for Spraying
6.3.3. Used for Sorting
6.3.4. Used for Combining
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Robotic Arms Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Robotic Arms Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Robotic Arms Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Robotic Arms Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Robotic Arms Demand Share Forecast, 2019-2026
9. North America Smart Robotic Arms Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Robotic Arms Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Robotic Arms Market Size and Volume Forecast by Application
9.4.1. Used for Welding
9.4.2. Used for Spraying
9.4.3. Used for Sorting
9.4.4. Used for Combining
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Robotic Arms Market Size and Volume Forecast by Type
9.7.1. 2 Axis
9.7.2. 3 Axis
9.7.3. 4 Axis
9.7.4. 5 Axis
9.7.5. 6 Axis
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Robotic Arms Demand Share Forecast, 2019-2026
10. Latin America Smart Robotic Arms Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Robotic Arms Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Robotic Arms Market Size and Volume Forecast by Application
10.4.1. Used for Welding
10.4.2. Used for Spraying
10.4.3. Used for Sorting
10.4.4. Used for Combining
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Robotic Arms Market Size and Volume Forecast by Type
10.7.1. 2 Axis
10.7.2. 3 Axis
10.7.3. 4 Axis
10.7.4. 5 Axis
10.7.5. 6 Axis
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Robotic Arms Demand Share Forecast, 2019-2026
11. Europe Smart Robotic Arms Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Robotic Arms Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Robotic Arms Market Size and Volume Forecast by Application
11.4.1. Used for Welding
11.4.2. Used for Spraying
11.4.3. Used for Sorting
11.4.4. Used for Combining
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Robotic Arms Market Size and Volume Forecast by Type
11.7.1. 2 Axis
11.7.2. 3 Axis
11.7.3. 4 Axis
11.7.4. 5 Axis
11.7.5. 6 Axis
11.7.6. Other
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Robotic Arms Demand Share, 2019-2026
12. Asia Pacific Smart Robotic Arms Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Robotic Arms Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Robotic Arms Market Size and Volume Forecast by Application
12.4.1. Used for Welding
12.4.2. Used for Spraying
12.4.3. Used for Sorting
12.4.4. Used for Combining
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Robotic Arms Market Size and Volume Forecast by Type
12.7.1. 2 Axis
12.7.2. 3 Axis
12.7.3. 4 Axis
12.7.4. 5 Axis
12.7.5. 6 Axis
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Robotic Arms Demand Share, 2019-2026
13. Middle East & Africa Smart Robotic Arms Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Robotic Arms Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Robotic Arms Market Size and Volume Forecast by Application
13.4.1. Used for Welding
13.4.2. Used for Spraying
13.4.3. Used for Sorting
13.4.4. Used for Combining
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Robotic Arms Market Size and Volume Forecast by Type
13.7.1. 2 Axis
13.7.2. 3 Axis
13.7.3. 4 Axis
13.7.4. 5 Axis
13.7.5. 6 Axis
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Robotic Arms Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Robotic Arms Market: Market Share Analysis
14.2. Smart Robotic Arms Distributors and Customers
14.3. Smart Robotic Arms Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB Robotics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B+M Surface Systems GmbH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FANUC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yaskawa Electric Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kuka
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Epson Robots
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kawasaki
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Staubli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Durr
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Denso Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nachi-Fujikoshi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Comau Robotics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Universal Robots
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wittmann Battenfeld Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yamaha
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. IGM
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Siasun Robot and Automation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Rethink Robotics
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
