Press release
Cartesian robots Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AT&T Inc., Midea Group, Cisco, Denso Corporation, Broadcom, ABB Ltd, Ericsson, Yamaha Motor Co.
Cartesian robots Market Characteristics
The Business Research Company offers in-depth market insights through Cartesian robots 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 cartesian robots market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to increasing demand in manufacturing, flexibility in application, rising labor costs, increasing integration with industry 4.0, rise in e-commerce and logistics.
The cartesian robots market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to growth in automotive manufacturing, enhanced safety features, increased r&d investments, globalization of supply chains, rising adoption in small and medium-sized enterprises (smes). Major trends in the forecast period include technological advancements, iot connectivity, 3d vision systems, supply chain automation, advanced end-of-arm tooling.
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Market Segmentation:
The cartesian robots market covered in this report is segmented -
1) By Type: XY-X Series, 2X-Y-Z Series, 2X-2Y-Z
2) By Application: Handling, Palletizing, Welding
3) By End Use Industry: Automotive, Pharmaceutics, Food And Beverage, Semiconductor And Electronics, Aerospace And Defense
Major Driver - Consumer Electronics Boom Fuels Surge In Cartesian Robot Market
The rising consumer electronics manufacturing is expected to propel the growth of the cartesian robot market going forward. Consumer electronics manufacturing refers to the process of producing electronic devices and gadgets that are designed for personal and recreational use. Cartesian robots are programmable and can be easily reconfigured for different tasks. This flexibility is particularly valuable in consumer electronics manufacturing, where product designs and specifications may change frequently. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Therefore, the growing demand for consumer electronics is driving the growth of the pick & place machines market. Therefore, the rising consumer electronics manufacturing is driving the growth of the cartesian robot market.
Competitive Landscape:
Major companies operating in the cartesian robots market report are AT&T Inc., Midea Group, Cisco, Denso Corporation, Broadcom, ABB Ltd, Ericsson, Yamaha Motor Co., Nidec Corp., Parker Hannifin Corporation, Seiko Epson Corp., Bosch Rexroth AG, OMRON Corp., Kuka AG (Midea Group), MKS Instruments, Shibaura Machine Co. Ltd., ARBURG GmbH + Co KG, HIRATA Corporation, Epson America, Güdel Group AG, Gudel Group AG, Samick Thk Co. Ltd., Robostar Co. Ltd., Aerotech Inc., Sepro Robotique SAS, Toshiba Machine Co., Suruga Seiki Co., Cerebrus Corporation, DeepSig, Star Seiki
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Top Trend - Innovative Operating Systems Revolutionize Cartesian Robot Control
Major Companies operating in the cartesian robot market are developing innovative operating systems to program and control robots. The operating system aims to provide a user-friendly platform for robot programming and automation. For instance, in April 2021, KUKA Robotics, a Germany-based industrial robot and factory automation system, launched iiQKA.OS operating system. The iiQKA Pre-Launch Package includes everything needed to facilitate automation, and the system is part of the Robotic Republic ecosystem. The system can be used to program and control various types of KUKA robots, including Cartesian robots, and can help simplify the programming process and improve the efficiency of automation tasks.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cartesian robots Market Characteristics
3. Cartesian robots Market Trends And Strategies
4. Cartesian robots Market - Macro Economic Scenario
5. Cartesian robots Market Size And Growth
…..
27. Cartesian robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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