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Intelligent Industrial Arm Market by Type (Articulated, Cartesian, SCARA, Cylindrical, and Others), Application (Assembling & Disassembling, Materials Handling, Cutting & Processing, Soldering & Welding, and Others), End User (Metal & Machinery, Automotive, Electrical & Electronics, Plastics & Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06865
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Sep 2020 | 87 Views
 
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Intelligent Industrial Arm Market Outlook - 2027

Intelligent industrial Arm can spot and transfer an object placed within its range or any predefined place to a desired place. This intelligent arm is different from automated arm as can identify position of an object. Image processing and robotic arm controlled by Arduino are the main components of an intelligent industrial arm, which are used to identify and place objects. Intelligent industrial arm assists in various tasks that requires repetition, accuracy, precision, quality, and efficiency. It also helps in carrying out labor-intensive tasks and tasks which are hazardous for human. Innovations in automation and artificial intelligence paves way for improved and better intelligent industrial arm production.

 

Market scope and structure analysis:

                 Report Metric

                                              Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, End User, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of LATAM), and Middle East and Africa

  Companies covered

Kawasaki Heavy Industries., Ltd, Mitsubishi Electric Corporation, ABB, FANUC Corporation, KUKA AG, DENSO, NACHI-FUJIKOSHI CORP, Rockwell Automation, Yaskawa Electric Corporation, Universal Robotics & others.

 

COVID-19 scenario Analysis: 

  • The global intelligent industrial arm market size has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have been stalled which, in turn has declined the market growth. However, industries such as automotive and oil & gas have already deployed this technology to function without workforce, which boosts the market growth.
  • Global factories have struggled to integrate new intelligent industrial arm systems as workers are staying at home, which, in turn, has disrupted the global supply chains.
  • The global supply chain of intelligent industrial arm market has been disrupted, as the core countries of the supply chains such as China and the U.S. has been impacted badly, owing to COVID-19 pandemic.
  • Moreover, these automated systems reduce human interventions in various processes, thus the COVID-19 situation has led to increase in demand for intelligent industrial arms from various end users.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

As automation and artificial intelligence is improving day by day, intelligent industrial arm is used for various applications such as assembly line and material handling to meet rapidly increasing human needs. This helps to minimize operating costs from wages, training expenses, insurance, and paid leaves, which boosts the market growth. In addition, high initial costs of intelligent industrial arm hinder the intelligent industrial arm market growth as small enterprises avoid purchasing it. However, advancements in automation and artificial intelligence is expected to drive the market in the future.

New product launches to flourish the market

Recently, Fanuc launched lightweight intelligent industrial arm-CRX-10iA for industrial applications such as automobiles. It has already six preceding models of the CR series. As compared to previous models, this intelligent industrial arm is lighter in weight and weighs only 39 kgs. It is used for applications such as automated guided vehicles (AGVs) and driverless transport systems, which propels the intelligent industrial arm market. 

These intelligent industrial arms are designed to provide precision, accuracy, and efficiency than humans. Moreover, they provide cost benefits to larger organizations.

Surge in usage in industrial applications 

As AI simulators are improving in accuracy day by day, they can run thousands of iterative processes in seconds, which, further improves the intelligent industrial arm market. As industrial arms are getting cheaper and smarter, hence their adoption by various industries such as automotive, electrical and electronics is increasing.

Key segments covered:

               Segments

                                            Sub segments

  Type

  • Articulated
  • Cartesian
  • SCARA
  • Cylindrical
  • Others

  Application

  • Assembling and Disassembling
  • Materials Handling
  • Cutting & Processing
  • Soldering & Welding
  • Others

  End User

  • Metal & Machinery
  • Automotive
  • Electrical & Electronics
  • Plastics & Chemicals
  • Others

 

Key benefits of the report:

  • This study presents analytical depiction of the global Intelligent Industrial Arm industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global intelligent industrial arm market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the intelligent industrial arm market trends. 
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Intelligent Industrial Arm Market research report:

  • Who are the leading market players active in the Intelligent Industrial Arm Market?
  • What would be the detailed impact of COVID-19 on the Intelligent Industrial Arm Market?
  • What current trends would influence the market in next few years?
  • What are the driving factors, restraints and opportunities in the Intelligent Industrial Arm Market?
  • What are projections for the future that would help in taking further strategic steps?
 
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