Press release
SCARA Robot Market Report 2024: Strategies And Recent Developments
SCARA Robot Market
The Business Research Company offers in-depth market insights through SCARA Robot Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The scara robot market size has grown rapidly in recent years. It will grow from $9.07 billion in 2023 to $10.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to growth in manufacturing automation, demand for high-speed and precision assembly, increased need for repeatable tasks, expansion of electronics and semiconductor industries.
The scara robot market size is expected to see rapid growth in the next few years. It will grow to $18.11 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to growth in collaborative robotics, expansion of scara robots in medical and healthcare, increased use of scara robots in food and beverage industry, adoption of scara robots in e-commerce warehouses. Major trends in the forecast period include technological advancements in robotics, integration of artificial intelligence in scara robotics, integration of vision systems for enhanced sensing, modular and flexible scara robot designs, implementation of industry 4.0 concepts in scara robotics.
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Market Segmentation:
The scara robot market covered in this report is segmented -
1) By Type: Hardware, Software, Service, Teasting, Training, Maintenance
2) By Payload Capacity: Up to 5.00 kg, 5.01-15.00 kg, More than 15.00 kg
3) By Application: Handling, Assembling and Disassembling, Welding and Soldering, Dispensing, Processing, Other Applications
4) By Industry: Electrical and Electronics, Automotive, Metals and Machinery, Plastics, Rubbers, and Chemicals, Precision Engineering and Optics, Food and Beverages, Pharmaceuticals and Cosmetics, Other Industries
Major Driver - The Role Of Scara Robots In The Surge Of Automation Across Industries
The increase in the adoption of automation in industries is expected to propel the growth of the SCARA robot market going forward. Industrial automation refers to the use of control systems, such as computers or robots, and information technology for managing various processes and machinery in an industry to replace a human being. In recent years, many industries have adopted SCARA robots to achieve maximum automation and efficiency in operations. Integration of SCARA robots into manufacturing industries provides the advantage of improving productivity, quality, and safety of workers by reducing errors and waste, along with adding flexibility to the manufacturing process. For instance, according to the Manufacturing Today India article, an India-based manufacturing news agency, it is estimated that by 2050, approximately 85-90% of manufacturing firms in India will adopt automation in operations. Therefore, the increase in the adoption of automation in industries is driving the SCARA robot market growth.
Competitive Landscape:
Major companies operating in the scara robot market report are Epson America Inc., Yamaha Motor Co. Ltd, YASKAWA ELECTRIC CORPORATION, DENSO EUROPE B. V., Stäubli International AG, Asea Brown Boveri, Kawasaki Robotics, Mitsubishi Electric Corporation, Asic Robotics AG, Comau S. p. A., Fanuc Corporation:, Hirata Corporation:, Janome Industrial Equipment:, KUKA AG, Nachi-Fujikoshi Corp., Omron Adept Technologies, Precise Automation Inc., Seiko Epson Corporation, Toshiba Machine Co. Ltd., Adept Technology Inc., Bosch Rexroth AG, Codian Robotics B. V., FANUC Robotics America Inc., Flexiv Ltd., Hiwin Corporation, Kawasaki Heavy Industries Ltd., Omron Corporation, Siasun Robot & Automation Co. Ltd., Techman Robot Inc., Universal Robots A/S
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Top Trend - Technological Advancements In The Scara Robot Market
Technological advancement is the key trend that is gaining popularity in the SCARA robot market. Major companies operating in the SCARA robot market are focused on developing new technological solutions that could provide better solutions and services to various industries to optimize their business operations and strengthen their position. For instance, in June 2022, Epson America, Inc., a US-based company operating in industrial robot design and manufacturing, launched its advanced SCARA robots known as Epson GX4 and GX8 SCARA Robots with Gyro sensor technology to meet high-end automation needs in manufacturing. Gyro sensor technology, or angular velocity, is used for maintaining and measuring the orientation of objects in the assembly lines for pick and lift applications in precision manufacturing. Epson GX4 and GX8 SCARA Robots are capable of achieving ultra-high precision in various manufacturing tasks such as assembly, pick and place, handling of small and delicate parts, and others that make them ideal for medical devices, electric and electronic, and consumer electronics industries.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. SCARA Robot Market Characteristics
3. SCARA Robot Market Trends And Strategies
4. SCARA Robot Market - Macro Economic Scenario
5. SCARA Robot Market Size And Growth
…..
27. SCARA Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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