Press release
Wafer Handling Robots Market to Witness Steady Growth, Projected CAGR of 8.5% from 2023 to 2031 | | TMR Analysis
The Global Wafer Handling Robots Market, valued at USD 1.3 billion in 2022, is projected to grow at a robust CAGR of 8.5% from 2023 to 2031, reaching an estimated USD 2.7 billion by the end of the forecast period, according to the latest industry analysis.The surge in semiconductor foundries and the growing use of semiconductors across various end-use industries are key drivers of this market growth. Wafer handling robots, which automate the manipulation and transfer of wafers in the semiconductor sector, are increasingly in demand. However, the high initial investment required for these robots remains a challenge.
Key industry players are heavily investing in research and development to create more robust and cost-effective wafer handling robots, aiming to expand their market share. The integration of IoT, Artificial Intelligence, and 5G networks into these robots is a significant trend shaping the market's future.
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Wafer handling robots are specialized robotic systems designed to automate the handling of silicon wafers during semiconductor manufacturing. These robots are essential in semiconductor fabrication plants, where they facilitate wafer transport between various processing systems, including deposition, etching, and cleaning.
Rise in Number of Semiconductor Foundries Propelling Market Value
The number of semiconductor foundries has seen a significant increase, driven by the rising adoption of electronic devices. This trend is expected to continue, boosting investments in foundries. For instance, United Microelectronics Corporation announced a significant investment in expanding its Taiwan-based fab in 2021.
Growth in Usage of Semiconductors in Various End-use Industries
Semiconductors are increasingly utilized in the automotive and IT & telecommunication sectors. They are critical for electronic systems in vehicles, including powertrains, ADAS, GPS, infotainment, and lighting systems. The development of electric vehicles (EVs) also heavily relies on advanced semiconductor technologies.
Despite the strong demand for semiconductors, various industries are experiencing shortages, impacting production. For example, Maruti Suzuki India reported a significant decline in vehicle sales due to chip shortages, underscoring the need for increased semiconductor production.
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Product Type Trends
The atmospheric wafer handling robots segment is expected to dominate the market from 2023 to 2031, having held a 52.8% share in 2022. These robots, designed for standard atmospheric conditions and cleanroom environments, are more cost-effective compared to vacuum wafer handling robots.
Demand for Articulated Robots
Articulated robots, which accounted for 47.1% of the market share in 2022, are projected to grow at the highest CAGR during the forecast period. Their articulated arms provide flexibility and adaptability, allowing them to perform complex tasks in various applications.
Regional Outlook
Asia Pacific is expected to hold the largest market share through 2031, driven by the presence of leading semiconductor manufacturers and the increasing adoption of electronic devices. North America is also poised for substantial growth due to the presence of prominent manufacturers and the rising adoption of automation technologies.
Key Players
The global wafer handling robots market is highly fragmented, with key players such as Adenso GmbH, Brooks Automation Inc., DAIHEN Corp., JEL Corp., Kawasaki Heavy Industries Ltd., Kensington Laboratories LLC., KUKA AG, Nidec Corp., Rexxam Co. Ltd., RORZE Corp., and Yaskawa Electric Corp. leading the market.
These companies are profiled based on their financial performance, business strategies, product portfolios, and recent developments, providing a comprehensive view of the competitive landscape.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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