Articulated Robots Chisel $23.51 Billion Chunk Of The Market

MarketsandMarkets’ research report, "Articulated Robot Market by Payload, Function, Industry, and Geography - Global Forecast to 2023", the articulated robot market is expected to grow from $10.92 Billion in 2018 to $23.51 Billion by 2023, at a CAGR of 16.58%. Market growth is attributed to factors such as growing investments for automation in various industries and growing demand from SMEs in developing countries.

 

Highlights

Sponsored by Anritsu Company

New VNA technologies enable mmWave broadband testing to 220 GHz, helping researchers and engineers to overcome test challenges and simplify mmWave testing.

Application development in the mmWave frequencies is growing. Broadband testing over hundreds of GHz of bandwidth is subject to repeatability/accuracy deficits, and engineers demand solutions to help overcome challenges and simplify mmWave testing.
  • Robots with payload carrying capacity of up to 16.00 kg to capture largest share of articulated robot market in 2018
  • Articulated robot market for metal and machinery industry to grow at high rate during forecast period
  • APAC to hold largest share of articulated robot market during forecast period
  • The articulated robot market is currently dominated by players such as FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), and Mitsubishi (Japan). CMA Robotics S.p.A. (Italy), Anhui Efort Intelligent Equipment (China), Precise Automation, Inc. (US), and F&P Robotics AG (Switzerland) are some of the emerging players in the articulated robot market.

 

Need to know more about the articulated robot market? Browse select pages of the "Articulated Robot Market - Global Forecast to 2023" report.

 

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