A new market study, titled “Global Articulated Robot Market Size, Status and Forecast 2020-2026” has been featured on Market Research Future.
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April 2018, Fanuc Corporation has developed new AI function in collaboration with Preferred Networks, Inc. which apply machine learning and deep learning to its Robot and Robomachine products including articulated robots.
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Market Research Future (MRFR) reveals that the global articulated robot market can record a strong growth rate from 2018 to 2023, which is considered as the forecast period in the report.
From a regional viewpoint, the global articulated robot market has been divided into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
APAC can attain the top position in the global articulated robot market in the given timeframe, backed by a large number of renowned players such as Yaskawa Electric Corporation, Toshiba Machine Co., Ltd and Fanuc Corporation, among others. Increasing industrialization and production in India and China can also benefit the regional market in the coming years. India, Singapore and China are the most profitable markets for articulated robots in the region, given their robust economic growth, increasing domestic manufacturing, rapid industrialization and the mounting adoption of robotics. Another important factor backing the said market growth includes the considerable investments being made by well-known companies in the region.
North America is all set to be a highly lucrative market for articulated robot during the appraisal period. The market growth is dependent on factors like surging development in automation coupled with the extensive use of automation in production, mostly in countries such as the United States (US) and Canada.
The market growth of industrial robots in Europe is expected to be consistent throughout the estimated period. In the region, industrial robots are used extensively not only in large enterprises but also in smaller enterprises. Germany is and will remain the biggest market for articulated robot in the region. Government initiatives such as Industry 4.0 combined with the rising penetration of AI and IoT are also projected to boost the market demand in the region.
The global market for articulated robot has been extensively analyzed in the MRFR report, and the primary segments taken into account while conducting the study are component, payload capacity, application and industry vertical.
With respect to component, the articulated robot market has been considered for software, services, and hardware. Further, the hardware segment can be split into arm, controller, end-effector, sensor, and drive.
Given the payload capacity segment, the market consists of low, medium, high, and heavy.
Application-based segments in the market are welding, material handling, bin picking, load/unload, processing, assembly, painting, washing, and others.
The industry verticals covered in the report are aerospace, automotive, precision engineering & optics, chemicals, electronic manufacturing services (EMS), pharmaceuticals & cosmetics, metals & machinery, food & beverages, rubber & plastics, and others.
ABB (Switzerland), Fanuc Corporation(Japan), Yaskawa Electric Corporation(Japan), Kawasaki Heavy Industries, Ltd.(Japan), Mitsubishi Electric Corporation(Japan), Seiko Epson Corporation(Japan), Toshiba Machine Co., Ltd(Japan), OMRON Corporation(Japan), KUKA Aktiengesellschaft(Germany), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Cassioli Srl (Italy), Daihen Corporation (Japan), Denso (Japan), Engel (Austria), Nachi-Fujikoshi (Japan), Stubli International (Switzerland), SIASUN (China), HIWIN (Taiwan), GSK (UK), and Triowin (China) are some of the prominent players profiled in MRFR analysis and are at the forefront of competition in the global articulated robot market.
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