Shaping the Future: The US$20.4 Billion Articulated Robot Market

Imagine a machine that mimics the dexterity and flexibility of the human arm. This isn’t science fiction – it’s the reality of articulated robots, the most versatile workhorses of the industrial automation world.

In 2023, the worldwide articulated robot market reached a significant milestone, boasting a valuation of US$ 9.2 billion. Projected to maintain robust growth, the market is expected to surge at a commendable compound annual growth rate (CAGR) of 8.3%, poised to achieve a substantial value of US$ 20.4 billion by the year 2033.

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Superpowers of Articulated Robots

Versatility Unmatched: Their flexible movements make them suitable for a vast array of tasks, from delicate electronics assembly to heavy-duty material handling.

Human-like Dexterity: They can navigate complex environments, pick up objects of various shapes and sizes, and perform intricate manipulations.

Speed and Precision: Articulated robots move quickly and precisely, ensuring efficient and consistent task completion.

Improved Productivity: By automating repetitive tasks, they free up human workers for higher-value activities, boosting overall productivity.

Enhanced Safety: They can handle dangerous tasks or operate in hazardous environments, keeping human workers safe.

Recent Developments

In March 2022, ABB unveiled its latest additions to the big robots category, introducing the IRB 5710 and 5720 models tailored for demanding industrial tasks. These robots promise heightened productivity and improved performance, offering increased uptime particularly in electric vehicle (EV) manufacturing, foundry operations, forging, rubber, plastics, and metal fabrication. Key enhancements include augmented speed, accuracy, flexibility, and a more robust design featuring integrated process cabling.

In January 2022, ABB forged a strategic partnership with HASCO, China’s largest automotive components supplier, with the goal of driving forward the evolution of smart production in China’s automotive sector.

In July 2020, ABB disrupted the industry with the launch of its groundbreaking 3D quality inspection (3DQI) robot cell. This cutting-edge solution has the remarkable capability to detect defects as minute as half the width of a human hair, virtually imperceptible to the human eye. By significantly accelerating the manufacturing process, this innovative technology facilitates swift and precise testing, thereby streamlining metrology processes.

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Where Articulated Robots Shine

These wonder machines have a place in a wide range of industries:

Automotive Manufacturing: Welding, painting, assembly line tasks.

Electronics Assembly: Delicate component handling and placement.

Food and Beverage Processing: Packaging, palletizing, and material handling.

Pharmaceutical Manufacturing: Aseptic filling, packaging, and product handling.

Warehouse and Logistics: Order picking, sorting, and packing.

The Future of Articulated Robots

As technology advances, the capabilities of articulated robots continue to expand:

Enhanced Intelligence: Integration of artificial intelligence and machine learning will enable them to learn, adapt, and make decisions on the fly.

Improved Human-Robot Collaboration: Robots will work seamlessly alongside humans in shared workspaces.

Simplified Programming: Intuitive programming interfaces will make it easier for even non-experts to operate these robots.

 

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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