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SCARA Robots Market Outlook 2024: Innovation in Automation
SCARA Robot Market
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According to The Business Research Company's, 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 Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
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
SCARA Robot Market 2024 Key Insights:
• 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 Role Of Scara Robots In The Surge Of Automation Across Industries
• Technological Advancements In The Scara Robot Market
• Asia-Pacific was the largest region in the SCARA Robot market in 2023
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