Monday 24 June 2024

Future of Robotic Manipulator Market: Global Forecast by 2028

 The robotic manipulator market is set for significant growth over the next few years, driven by advancements in automation technology and increasing demand across various industries. This article provides an in-depth analysis of the market by type, application, payload, axis, industry, and region, forecasting trends and developments up to 2028.

The International Organization for Standardization (ISO) defines a robotic manipulator as a machine in which the grasping or moving mechanism in several degrees of freedom is achieved by a series of jointed or sliding segments. These are devices that are used in various industries to manipulate articles or materials that are located generally in inaccessible locations.

There are various types of robotic manipulators namely, cartesian, cylindrical, polar, articulated, SCARA, and delta. They are used in various applications such as materials handling, cutting and processing, soldering and welding, and assembling and disassembling applications among others.

The global robotic manipulator market size is expected to grow from USD XX million in 2022 to USD XX million by 2028, at a CAGR of XX%. The high adoption of robotic manipulators from the automotive industry is one of the major factors fueling the growth of robotic manipulator market.

Drivers: Growing adoption of Industry 4.0

Industry 4.0 refers to the current industrial revolution that is led by the evolution of robotics, automation, and the Internet of Things (IoT). Industry 4.0 and the Internet of Things are increasing the automation of previously manual tasks with a collection of real-time data, AI and device interconnectivity. Industry 4.0 has fostered the development of new technologies such as collaborative robots, and AI-enabled robots, allowing industries to use robots to streamline various processes, boost productivity, and minimize errors. The increasing adoption of industry 4.0 in manufacturing across the globe is among the major drivers leading to the growth of robotics as well as robotic manipulators in various industries.

Anticipated shortage of skilled labor in manufacturing industries

The anticipated shortage of laborers in developed countries has fueled the need for automation. Manufacturing industries in the US, Germany, and China have experienced tremendous growth over the past decade; however, they are expected to face a workforce shortage within the next few years. The shortage of labor is especially prevalent in jobs with many repetitive and ergonomically unfavorable tasks, such as packaging and monitoring in the food industry. In the US, the growth of the manufacturing sector, coupled with retiring workers and the reluctance of millennials and Generation Z to enter the manufacturing industries, is expected to create a skill gap in the coming years. To compensate for the shortage, stakeholders must find solutions to improve productivity and substitute human labor. Increasing automation to counter the skill gap is one of the solutions companies are adopting, especially in developed countries.

 

In China, increasing labor costs and a low robot density (robots installed per thousand workers) have threatened productivity, making it difficult for manufacturers to retain their advantage of low manufacturing costs. In response, the Chinese government has introduced the Made in China 2025 initiative, which provides subsidies for the deployment of industrial robots at workplaces. As a result, China topped the shipment of industrial robots purchased in 2021. This factor is also fueling the growth of robotic manipulators as robotic manipulators are used in industrial robots.

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Challenges: Interoperability and integration issues

Interoperability is an important function in any factory or manufacturing unit. A modular framework must exist for both hardware and software to connect and coordinate various automation systems. The focus here is on the software used for programming, diagnosing, and monitoring. It is common for industries to use robot arms from different manufacturers. Companies may also need to reprogram robots due to changes in production and demand or accommodate different parts, such as vision systems and end effectors. It is the responsibility of the integrator, rather than the manufacturer or end user, to decide on the implementation and setup or programming of the robot. Interoperability issues present a big challenge, especially to SMEs, due to their unique requirements and lack of personnel to set up complex automation systems.

Key Market Players:

ABB (Switzerland), Yaskawa (Japan), FANUC (Japan), Kuka (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), and DENSO (Japan) are few key players in the robotic manipulator market globally.

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