Robotic End-Effector Market Analysis
The global Robotic End-Effector Market will touch USD 26, 789 million at a 15.20% CAGR by 2030, as per the new Market Research Future report.
Robotic End-Effector Market Key Players
Eminent industry players profiled in the global Robotic End-Effector Market report include-
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Market Size in 2030
USD 26,789 Million
CAGR of 15.20% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Market USP Covered
Growing Adoption of Collaboration Robots to Boost Market Growth
Collaboration robot adoption is increasing, and this is a key market driver. The demand for robots in the consumer goods sector is very high. The packaging industry can use these end effectors. The packaging’s size, weight, and shape are all constantly changing. End effectors or cobots can work close to people when performing these tasks. End effectors are highly demanded in the automotive, electronic, pharmaceutical, and cosmetic industries.
Increasing Use of Robots to Perform Various Tasks to offer Robust Opportunities
One of the main drivers of the growth of the Robotic End-Effector Market is the increasing use of robots to support & carry out a variety of tasks, including welding, machine handling, housework, and others.
Restraints and Challenges
Constant Market Upgrades to act as Market Restraint
The constant upgrades in the market, lack of standardization, constant software up-gradation, integration problems, and interpretability issues may act as market restraints over the forecast period.
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Robotic End-Effector Market Segmentation
The global Robotic End-Effector Market is bifurcated based on industry, application, and type.
By type, grippers will lead the market over the forecast period.
By application, assembling will dominate the market over the forecast period.
By industry, electrical and electronics will spearhead the market over the forecast period.
The COVID-19 outbreak and the global lockdown restrictions have had an impact on industrial production and capital investments all over the world. The market under study has experienced conflicting effects of the worldwide economic downturn caused by COVID-19 in 2020 and 2021. Due to lockdown restrictions, many businesses in the end-user industries (primarily manufacturing and automotive) have closed their production facilities. The Robotic End-Effector Market is anticipated to gain traction during the forecast period as the condition returns to the new normal.
APAC to Sway Robotic End-Effector Market
The highest CAGR is anticipated to be seen in the Asia Pacific region in the forecast period. This is primarily because the robot’s operating system is used to control the robotic end-effector, which is a device fixed to the end of a robotic arm. It is used to pick and place objects, assemble product components, and stack cartons and packages, among other tasks. The market’s expansion in the Asia-Pacific region is driven by the region’s rapid modernization and industrialization growth as well as the majority of the production industries’ shift to automation of their process methods to reduce the workforce. In order to boost productivity, collaborative robots are also used in the automotive, electronics, and other industries. Collaborative robots, which are AI-enabled, have allowed businesses to use robots to increase efficiency, eliminate errors, and streamline many processes, thanks to Industry 4.0, the most recent industrial revolution. Industries have been encouraged to invest in robotic systems because of improved production efficiency and workplace safety. Robot adoption in the region has been facilitated by the presence of nations with significant investments and initiatives in the field of specialized automation. With its highly developed robotics industry and automation technologies, Japan can be regarded as one of the leaders in the use of robotics and automation in manufacturing processes.
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September 2022 – A new subcommittee on grasping and manipulation has been established under the robotics, automation, and autonomous systems (F45) committee of ASTM International. The new subcommittee’s main objective would be to create performance standards for mobile manipulators, robotic assembly systems, and grasping type end-effectors for use in both fixed and mobile base systems.
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