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Articulated Arm Services Market is analysed to grow at a CAGR of 22.3% during the forecast 2022-2027 to reach $88.11 billion by 2027. The Articulated Arm is generally a mechanical component robotic arm which is designed to allow a flexible workspace where traditional fixture tools do not reach and where operator health and safety is a major concern. The Articulated arm absorbs torque reaction generated by the attached assembly tool allowing for smooth, automatically controlled and reprogrammable movement by the operator. The increasing adoption of automation solutions and rising safety concerns of operators tend to drive the Articulated Arm Services Market during the forecast period. These solutions offers wide range of applications when used with the coordinate measuring machine (CMM). This system may also be enhanced with a superior error-proofing system for future applications.
Articulated Arm Services Market Segment Analysis – By Structure
By Structure, the Articulated Arm Services Market Report is segmented into Fixed Articulated arm and Portable Articulated arm. Portable Articulated arm is analysed to hold highest share 61.67% in 2021 owing to its supreme flexibility and huge adoption across various industries for wide range of applications. Moreover, the demand for portable articulated arms is more as compared to fixed Articulated arm due to use of multi-axis arms in measuring different parameters that are beyond the capability of fixed articulated arm configuration. The growing demand for Portable Articulated arm coupled with its increasing scope in semiconductor and mechatronics industries is expected to further enhance the growth of Articulated arm Services Market during the forecast period.
Articulated Arm Services Market Segment Analysis–By End-Use Industry
By End-use Industry, the Articulated Arm Services Market Report is segmented into Automotive, Aerospace, Industrial, Manufacturing, Power Generation, Medical, Electronics, Packaging & Logistics and Others. Automotive industry is analysed to hold the highest share 29.11% during the forecast period 2022-2027 owing to the variety of applications such as manufacturing and assembly which involves operations such as welding, cutting, painting and many others offered by articulated arm in this industry. Moreover, increasing automobile production across the globe tend to significantly drive the demand of articulated arm during the forecast period, further driving the Articulated Arm Services market growth.
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Articulated Arm Services Market Segment Analysis – By Geography
Asia-Pacific is analysed to be the major region with a share of 38% in 2021 for the Articulated Arm Services Market owing to the huge scope for industrialization and increasing investments across various industries owing to acceptance of various IoT solutions. For instance, according to World Bank Reports, investments done in manufacturing sector in Asia-Pacific region was recorded $437.42 billion in 2020. Additionally, high government investments in the field of IoT and AI to enhance the working efficiency of various industries is expected to boost the Articulated Arm Services Market in Asia Pacific region. Leading economies such as China, Japan and South Korea are expected to dominate market growth owing to heavy investments in communication technologies, IoT, Artificial intelligence (AI) and other technological advancement across various industries. Moreover, India is expected to be major contributor in the Articulated Arm Services market growth during the forecast period owing to the increasing investments in the AI technology. For instance, according to IBEF, around 62% of enterprises are using AI by the end of 2020, and this is expected to increase to 80% by 2022. This huge adoption of AI technologies will bring significant growth in the demand of articulated arms, further driving its market growth.
Articulated Arm Services Market Drivers
Growing demand of automation solutions coupled with rising safety concerns of the operators across various industries is driving the Articulated Arm Services Market growth
Increasing demand of automation solutions across various industries in the global market has brought a significant growth in the demand of articulated arms. It is expected to continue this trend due to increasing adoption of IoT monetisation solutions among organisations, as they are finding ways to monetise IoT through revenue-generating products and services or differentiate their core product and service offerings with innovative business models. For instance, The Government of India has taken several initiatives that have encouraged most of the IoT spending coupled with its integration with artificial intelligence technology. With the incorporation of Industry 4.0, articulated arms and AI-powered machines will gain momentum during the forecast period. Moreover, rising safety concern of the operators across various industries such as Automotive, Manufacturing, Power generation where there is huge risk of accidents if any system malfunction and to handle bulky products in the packaging industry are some of the factors which tend to significantly drive the Articulated Arm Services Market growth across the globe.
Increasing production of vehicles across the globe is propelling the demand of automobile electronics
Increasing production of vehicles of various segments such as light commercial vehicles, heavy commercial vehicles, passenger Vehicles and others across various parts of the world is analysed to bring significant growth in the demand of articulated arms. With the increasing technological advancement which offers supreme driving experience coupled with and environmental friendly offerings of electric vehicles is set to drive the global automotive sector during the forecast period. This has brought a major growth in the demand of articulated arms for wide range of applications such as manufacturing and assembly which involves operations such as welding, cutting, painting and many others. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), total production of vehicles across the globe in the first quarter of 2021 was recorded to grow by 16.9% as compared to 2020. Among this, passenger cars hold the major segment by accounting of 14,679,441 units production in the first quarter of 2021 with a growth of 15.9% as compared to 2020. This huge production growth of vehicles is analysed to bring significant growth in the demand of articulated arms, further driving the Articulated Arms Services market growth.
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Articulated Arm Services Market Challenges
Lack of skilled workforce coupled with issues of unemployment is analysed to hamper the Articulated Arm Services Market growth
One of the most important factors restraining the market growth of Articulated Arm Services Market across the global is the lack of a skilled workforce, expertise and the absence of standards and protocols for the usage of articulated arms solutions across various industries. Articulated arms can be very useful for the operators with wrong intentions and may cause severe damages to the industries and operators if not controlled and monitored properly. Nevertheless, the advancements in technologies, increasing the importance of automation, and the need to eliminate human errors and untapped potential in emerging markets may cause major issues of unemployment. These factors is analysed to bring major challenges in the Articulated Arm market growth during the forecast period.
Articulated Arm Services Market Landscape
Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Articulated Arm Services Market. In 2021, the market of Articulated Arm Services industry outlook has been fragmented by several companies. Articulated Arm Services top 10 companies include
FARO Technologies, Inc.
Nikon Metrology NV
Optical Gaging Products, Inc.
Staubli International AG
In January 2020 – Staubli International AG partnered with Sepro Group to produce a Model 6X-60 6-axis robot and a 3-axis Success 5 unit at Swiss Plastics Expo 2020. It is designed to serve injection-molding machines with up to 100 tons of clamp, it has a maximum payload capacity of 9 kg and an operating radius of up to 920 mm.
In July 2020- ABB Limited launched their new 3D quality inspection (3DQI) robot cell, which is capable of detecting defects of less than half the width of a human hair and imperceptible to the naked eye, significantly accelerates the production process by providing fast, accurate testing to make metrology easier and less time consuming.
In March 2020, Bobcat Company launched their all new small articulated arm loaders named CONEXPO-CON/AGG 2020, including the L23 and L28, well-suited for customers in landscaping, tree services, light construction and grounds maintenance.
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Growing demand for automation and technological advancements across various end-use industries for wide range of applications is analysed to significantly drive the Articulated Arm Services Market during the forecast period 2022-2027.
Portable Articulated arm are analysed to hold highest share 61.67% in 2021 owing to its supreme flexibility and huge adoption across various industries for wide range of applications.
Automotive industry is expected to hold the highest market share 29.11% in the forecast period owing to the variety of applications such as manufacturing and assembly which involves operations such as welding, cutting, painting and many others.
Asia-Pacific is analysed to hold the highest share in 2021 owing to the huge scope for industrialization and increasing investments across various industries owing to acceptance of various IoT solutions.
Relevant Report Titles:
A. Coordinate Measuring Machine Market
B. Construction Robot Market
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