Pick and Place Robotics Market Research Report 2024: In-Depth Qualitative Insights, Industry Size, Share Explosive Growth Opportunity | ABB Group, Fanuc Corporation, Yaskawa Electric Corporation

Market Overview:

Pick and place robots are industrial robots designed for high-speed automatic acquisition and placement of small components on circuit boards or printed circuit boards (PCBs). They are commonly used for electronic component placement in printed circuit board assembly lines.

Market Dynamics:

The increasing demand for automation in various end-use industries such as electronics and automotive is expected to drive the growth of the pick and place robotics market during the forecast period. With growing labor costs and need for accurate placements, pick and place robots offer faster, more consistent, and higher throughput alternatives to manual pick and place operations. In addition, miniaturization of electronic components has necessitated the need for precision placement which can be efficiently achieved through pick and place robotics. Growing electronics industry worldwide along with the need to improve productivity and reduce per-unit costs is fueling the adoption of pick and place robots across various geographies.

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Increasing Demand for Flexible Manufacturing Units Boosting the Growth of Pick and Place Robotics :

The growing requirement for flexible manufacturing units across industries is one of the major drivers propelling the growth of the global pick and place robotics market. With rapid advancements in technology, the need for smaller production batches to fulfill customized product requirements has increased significantly. Pick and place robots allow manufacturing plants to easily reconfigure their production lines according to fluctuating demand and minimize downtime between product changeovers. Their modular designs facilitate quick tool changes and easy redeployment to different tasks, which enhances manufacturing flexibility. Furthermore, pick and place robots deliver high precision, repeatability, and speed, enabling flexible and efficient production of a wide variety of parts on the same line. Their deployment reduces labor costs and improves product quality associated with human errors.

Stringent Quality Standards Hampering Growth of Pick and Place Robotics Market :

High precision and reliability requirements associated with various pick and place applications pose a major challenge for the growth of the market. Pick and place robots need to handle very small electronic components accurately to meet the stringent quality standards of industries such as electronics, telecom, automotive, and food & beverages. Ensuring optimal grip force to pick delicate parts without damage and placing them with micron-level accuracy is difficult through robotics. Vibrations and mechanical stresses during material handling can potentially damage fragile components. Developing advanced gripping technologies, precision drives, and control systems that can satisfy varied application needs is expensive. It requires significant investments in R&D to make robotic solutions viable for high-precision tasks. The complexity and costs involved in achieving the desired quality levels through robotics is one of the key restraining factors observed in the pick and place market.

Integration of Machine Learning Presenting Growth Opportunities :

The integration of machine learning capabilities is opening new growth avenues for players in the pick and place robotics market. Advanced machine vision combined with Deep Learning algorithms can enable pick and place robots to handle a variety of irregularly shaped and unorganized components without reprogramming. Robots can correctly identify and grab objects of varying textures, sizes, poses using real-time machine learning. Deep Neural Network training helps pick and place robots continuously improve their recognition and grasping skills. Such cognitive capabilities alleviate programming and setup challenges associated with conventional robotic systems. They make it possible for a single pick and place cell to be dynamically reconfigured for multiple tasks. The ability of robots to autonomously learn new skills, handle uncertainties, and adapt to changes creates more opportunities for automation across varied applications. Leading companies are increasingly focusing on integrating AI/ML technologies to develop next-gen robotic solutions offering enhanced flexibility, productivity, and ease of use.

Growing Demand for E-Commerce Fulfillment Centres Boosting Adoption of Collaborative Robots :

Rising popularity of online shopping is driving considerable growth in the overall e-commerce industry globally. It has necessitated larger and more efficient fulfillment centers to store, sort, pack and ship a wide variety of small products to customers within tight deadlines. Traditional industrial robots are incapable of operating safely alongside human workers due to their large work envelopes and lack of safety features. On the other hand, collaborative robots or "cobots" have emerged as a viable industrial automation solution for e-commerce applications as they can work safely in close proximity to people. Their sensory and compliant features enable cobots to collaborate and share workspace with human employees without the need for physical safety cages. Leading technology giants and log

List of the Top Key Players of the Pick and Place Robotics Market:

✦ ABB Group
✦ Fanuc Corporation
✦ Yaskawa Electric Corporation
✦ KUKA AG
✦ Universal Robots
✦ FANUC Corporation
✦ Epson Robots
✦ Kawasaki Heavy Industries, Ltd.
✦ Mitsubishi Electric Corporation
✦ Denso Corporation

Segmentation by type:

✦ Cartesian Robots
✦ SCARA Robots
✦ Delta Robots
✦ Articulated Robots

Segmentation by Application:

✦ Electronics Manufacturing
✦ Automotive Assembly
✦ Food and Beverage Packaging
✦ Pharmaceutical Production

Research Objectives:

➥ Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

➥ To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

➥ To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.

➥ To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.

➥ To deliberately profile the key players and systematically examine their growth strategies.

Pick and Place Robotics Market Report Answers the Following Questions:

☛ How much revenue will the Pick and Place Robotics Market market generate by the end of the forecast period?
☛ Which regions are currently contributing the maximum share of the overall Pick and Place Robotics Market market?
☛ What are the main strategies of the major players in the Pick and Place Robotics Market market to expand their geographic presence?
☛ What are the key products or services offered in the market, and how do they compare to each other?
☛ What are the current trends and factors driving the market? What challenges and opportunities exist?

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✔️ The market size estimates, current market sizes, and market share analysis of the Nonprofit Management Software market.

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