WESTFORD, Mass. , July 5, 2024
/PRNewswire/ -- According to SkyQuest, the global SCARA Robot
Market size was valued at USD 10.17
billion in 2022 and is poised to grow from USD 11.17 billion in 2023 to USD 23.91 billion by 2031, growing at a CAGR of
10.3 % during the forecast period (2024-2031).
Selective Compliance Assembly Robot Arm (SCARA) robots are
gaining massive popularity in the manufacturing and assembly
industries for their high accuracy and efficiency. The growing use
of automation in the logistics industry and advancements in
robotics technologies are forecasted to alter the global SCARA
robot demand outlook going forward. The global SCARA robot market
is segmented into payload capacity, axis type, application,
industry, and region.
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overview:
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SCARA Robot Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 11.17
billion
|
Estimated Value by
2031
|
$ 23.91
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 10.3%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Payload Capacity, Axis
Type, Application and Industry
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
High demand for
collaborative SCARA robots
|
Key Market
Drivers
|
High emphasis on
improving manufacturing efficiency and advancements in robotics
technology
|
Segments covered in SCARA Robot Market are as
follows:
- Payload Capacity
- Up to 5.00 kg, 5.01–15.00 kg, and more than 15.00 kg
- Axis Type
- 3- Axis SCARA Robot, 4- Axis SCARA Robot, 5- Axis SCARA
Robot, 6- Axis SCARA Robot, and Others
- Application
- Handling, Assembling & Disassembling, Welding &
Soldering, Dispensing, Processing, and Others
- Industry
- Electrical & Electronics, Automotive, Metals &
Machinery, Food & Beverages, Pharmaceuticals & Cosmetics,
and Others
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report:
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SCARA Robots with a Capacity of Up to 5 kg Remain Popular Due
to Their High Versatility
From small to large industries, all can utilize a SCARA robot
with a payload capacity of up to 5 kg. This high versatility of
SCARA robots falling under this category is what allows this
segment to bring in the most revenue for market players.
Development costs of such robots are low and give manufacturers a
chance to maximize their profit margins whilst keeping up sales.
New as well as established companies can target the development of
SCARA robots of up to 5 kg capacity in the future.
SCARA robots with a bigger capacity of 15 kg or more are
projected to witness a robust hike in demand as automation in heavy
industries picks up pace. High investments in automating heavy
industries and the growing availability of SCARA robots with bigger
payload capacity will help this segment bring in substantial
revenue over the coming years. Automotive and electronics
industries are projected to be key end users of SCARA robots with a
payload capacity of more than 15 kg.
SCARA Robots Used for Assembling Applications Owing to High
Accuracy and Efficiency
Growing automation of assembly lines in multiple industries
around the world is projected to bolster sales of SCARA robots
going forward. Assembly and disassembly operations are usually
repetitive and this is why programmable robots can be used instead
of humans for them. SCARA robots have high precision and this is
why they are perfectly suited for assembly applications. The
increasing need for productivity and efforts to eliminate human
errors are other factors that promote SCARA robot demand for
assembly and disassembly applications.
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(TOC):
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4-Axis Robot Sales to Flourish Due to Their High Accuracy and
Low Maintenance
As the name suggests, 4-axis robots are capable of operating on
all 4 axes, which makes them highly versatile for different
industrial operations. 4-axis robots are highly flexible and this
is why they can perform operations in a much more precise manner.
Low maintenance and high-speed operation of this type of robot will
also be a key factor that pushes SCARA robot companies to target
their development and sales.
Industry 4.0 and automation trends will be crucial in powering
the sales of SCARA robots over the coming years. SCARA robot
manufacturers need to focus on innovation and incorporate advanced
technologies to make their products more effective and productive.
Developing robots for assembly and pick & place applications
will be the way to go for new and established SCARA robot
suppliers. Targeting the automotive industry and developing SCARA
robots with high payload capacity will also create new rewarding
opportunities for market players in the long run.
Related Reports:
Robotics Market
Service Robotics Market
Delivery Robots Market
Warehouse Robotics Market
Smart Robots Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization have expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology