The article cited AMA's Global Articulated Robots Market Study explored significant growth with CAGR of 17.58%. According to the report, Rising Preference for Industry 4.0 is Predicted to Generate More Demand
is one of the primary growth factors for the market. Upsurge In Requirement For Precise Operation In Assembly Lines
is also expected to contribute significantly to the Articulated Robots market. Overall, Automotive
applications of Articulated Robots, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Articulated Robots Market identified that the demand is rising in many different parts of the world due to "Huge Demand for application-specific robots
". Furthermore, some recent industry insights like "On 6th June 2018, Epson has launched N6 compact 6-Axis robot and SH250LH Hollow Force Sensor. Epson’s compact N6 6-axis robot, complete with uniquely engineered ’folding‘arm, is designed to perform tasks in tight spaces more efficiently than other robots." is constantly making the industry dynamic. One of the challenges that industry facing is "Manufacturing Advanced Robotic Systems to Meet Customer Needs in the Era of Iiot and Addressing the Need to Safely Handle Industrial-Grade Operations"
The Function, such as Handling, is boosting the Articulated Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Industry Verticals, such as Automotive, is boosting the Articulated Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Payload, such as Up to 16.00 kg, is boosting the Articulated Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as Hardware, is boosting the Articulated Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Articulated Robots market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Articulated Robots market and other related sub-markets covered in the study.
o Key & emerging players in the Articulated Robots market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Articulated Robots market size is calculated using market estimation process, the Articulated Robots market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Articulated Robots market size has been validated using both top-down and bottom-up approaches.