Global Robotic Arm Market Overview:
The robotic arms market is expected to witness significant growth driven by advances in automation and an increased demand for precision in the manufacturing process. Labor shortages and rising labor costs in some regions, especially with less populations, drive up demand for robotic arms as a cost-effective and efficient alternative to manual work. Collaborative robots are becoming increasingly popular due to their ability to operate securely alongside people, especially in the food and beverage and healthcare industries. Furthermore, the integration of modern technology like artificial intelligence, machine learning, and sensors is becoming increasingly popular, allowing for the creation of smarter and more adaptive robotic arms that may improve operational efficiency across a wide range of sectors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Artificial Intelligence (AI) and Machine Learning Into Robotic Arms to Improve Performance
Market Growth Drivers:
Increased Adoption of Automation Across Various Industries and Rising Popularity of Collaborative Robots Due to Its Safety Features Along With Human
Challenges:
Operating Limitation of Some Robotic Arms in Hybrid Work Environments
Restraints:
High Initial Cost and Expenses Related to Regular Maintenance
Opportunities:
Growth of Robotics in the Healthcare Sector for Surgeries and Laboratory Automation and Adoption of Robotic Arms in Agriculture for Precision Farming
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Seiko Epson Corporation (Japan), FANUC (Japan), KUKA AG (Germany), ABB (Switzerland), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Yaskawa Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Nachi-Fujikoshi Corp. (Japan), Omron Corporation (United States) and Comau (Italy). Analyst at AMA Research see Japanese and European Players to retain maximum share of Global Robotic Arm market by 2030. Considering Market by End User Industry, the sub-segment i.e. Aerospace will boost the Robotic Arm market. Considering Market by Category, the sub-segment i.e. Fixed Robotic Arms will boost the Robotic Arm market.
What Can be Explored with the Robotic Arm Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Robotic Arm Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Robotic Arm
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Robotic Arm market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Robotic Arm market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Robotic Arms Manufacturers, Raw Material Providers, End User Industries, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.