About Hexapods
Hexapod robots are insect-like six-legged walking mechanical robots that are quite stable and versatile. They come in a variety of designs with different options. These robots provide motion in 6 degrees of freedom in the most compact package. They contain measuring sensors, software and motion controllers that make most complicated motions easy to command. They are used in a wide variety of industries and applications such as automotive applications, medical imaging, and surgical devices, semiconductor and electronics manufacturing and other applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hexapods market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MMoog, Inc. (United States), Aerotech, Inc. (United States), Physik Instrumente (PI) GmbH & Co. KG (Germany), FlexHex Robot (Denmark), ALIO Industries (United States), E2M Technologies B.V. (Netherlands) and Mikrolar (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hexapods market by Type (Electromechanical Hexapods, Piezoelectric Hexapods and Others), Application (Automobile, Manufacturing, Aviation, Healthcare and Others) and Region.
On the basis of geography, the market of Hexapods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hexapods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Technologically Advanced Robots
Market Growth Drivers:
High Demand for Various Industrial Applications and Various Advantages of the Hexapods Such As Less Environmental Effects, High Stability and Others
Challenges:
Fluctuation in raw materials
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Automation in the Industrial Sectors and Increasing Demand from End-User Industry
Market Leaders and their expansionary development strategies
In February 2022, Cargill and Golden Growers Cooperative have formed a joint venture by acquiring ProGold LLC, a corn wet milling facility in Wahpeton, ND. This strategic partnership aims to enhance the long-term reliability and viability of corn-based ingredients for various industries. Cargill, a key player in the high fructose corn syrup market, will continue to operate the facility, supporting local corn growers and producing ingredients used in baked goods, beverages, dairy products, and confectionery
In March 2022, Stretch Unveiled its new warehouse robot, Stretch is specifically designed for box handling and palletizing tasks in logistics and warehousing applications.
Key Target Audience
Hexapods Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.