Technavio's latest robotic arm market analysis highlights that robotic arms are a rapidly evolving technology because they promote the use of automation which makes work easy and safe, thus protecting the physical well-being of the employee. This increased focus on workplace safety will act as one of the major factors driving the adoption of industrial robots.
End-of-arm tooling (EOAT) refers to the equipment, usually at the end of the robotic arm, which actually interacts with various parts and components. The robotics end-of-arm tooling market is used in various application segments such as assembly line, material handling, welding, inspection, painting, and logistics. The assembly line segment accounts for the largest market share within the robotic EOAT market owing to increasing demand in both the automotive and non-automotive sectors. Technavio's latest robotic arm market analysis highlights that the global robotics end-of-arm tooling market will increase almost USD 3 billion in market size between 2019-2023, accelerating at a CAGR of over 13% during the forecast period.
Within our robotic arm industry research, we provide deep insights into the robotic arm market landscape and its segments. Our research experts segment this market into five main categories being cartesian robots, spherical or polar robots, SCARA robots, articulated robots, and cylindrical robots.
Cartesian robots offer numerous benefits due to their complete linear movement. This allows robots to facilitate simpler controls and provide a high degree of repeatability, accuracy, and mechanical rigidity. These benefits along with increased demand from the automotive industry will be the primary factors driving cartesian robots market growth over the next few years. We forecast the size of the global cartesian robots market to increase USD 2.27 billion by 2023, accelerating at a CAGR of approximately 9%.
SCARA robots are advantageous for various types of assembly operations, especially part transferring from one cell to another. The jointed two-link arm layout, which is similar to human arms, allows SCARA robots to extend and retract into confined areas. SCARA robot market growth is expected to remain steady through 2021, owing to high demand for SCARA robots from the electronic and electricals and semiconductor industries.
Further, we also classify this market by axes:
With our comprehensive understanding of the robotic arm industry, we have been monitoring the latest industry trends and developments to create an in-depth portfolio of robotic arm market reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our robotic arm market reports offer the following insights:
Technavio’s coverage of the robotic arm market is part of our robotics industry report catalog. We also provide detailed coverage of related reports such as the cloud robotics market, smart robotics market, collaborative robots market, and more.