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Cartesian Robot Market Size Worth US$ 15,007.9 Million By 2027 | CAGR 11.9%: The Insight Partners

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Cartesian Robot Market Size Worth US$ 15,007.9 Million By 2027 | CAGR 11.9%: The Insight Partners

December 15
21:50 2021
Cartesian Robot Market Size Worth US$ 15,007.9 Million By 2027 | CAGR 11.9%: The Insight Partners
The Insight Partners
Government support for the development and deployment of robotics

Latest market study on “Global Cartesian Robot Market to 2027 – Analysis and Forecasts by Axis Type (1-Axis, 2-Axis, 3-Axis, 4-Axis); Industry Verticals (Manufacturing, Automotive, Electrical and Electronics, Food and Beverages, Chemicals and Petrochemicals, Others), The global Cartesian robot market is accounted to US$ 5,840.3 Mn in 2018 and is expected to grow at a CAGR of 11.9% during the forecast period 2019 – 2027, to account to US$ 15,007.9 Mn by 2027. The report includes key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

Strategic Insights        

Report Coverage

Details

Market Size Value in

 US$ 45,840.3 Million in 2018

Market Size Value by

 US$ 15,007.9 Million by 2027

Growth rate

 CAGR of 11.9% from 2019-2027

Forecast Period

 2019-2027

Base Year

 2019

No. of Pages

 149

No. Tables

 56

No. of Charts & Figures

 70

Historical data available

 Yes

Segments covered

 Axis Type ; Industry Verticals

Regional scope

 North America; Europe; Asia Pacific; Latin America; MEA

Country scope

 US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

 Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Cartesian Robot Market at https://www.theinsightpartners.com/sample/TIPRE00006984/

The Cartesian robot market operates in a highly-competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players face an increasing level of competition, both from regional players as well as the leading global companies across the world. Companies such as ABB, KUKA AG, Epson, Fanuc, and Yamaha Motor are aggressively investing in next-generation robotics technology.

The electrical & electronics industry is characterized by a high amount of fragility and requires the highest levels of precisions during the manufacturing process. Cut-throat competition in consumer electronics has driven manufacturers to produce the highest quality equipment with lower errors and minimal losses. Volatile consumer electronics markets and dynamic changing demands from consumers have left little or no room for errors for the consumer electronics manufacturers. Therefore, consumer electronics manufacturers look for high precision instruments and processes to be integrated into their manufacturing processes. Further, the rising demand for smartphones, laptops, tablets, smart watches, and consumer electronic products has intrigued the manufacturing industry to increase its production capacity. According to Moore’s law, the size of the Integrated Circuits (IC) is shrinking in every 2 years, thus felicitating the usage of Cartesian robots to work on nanostructures. Creating circuit boards, inserting parts into injection molding, final assembly applications, CNC processes, and metal stamping are among the processes that are likely to be automated by electronics manufacturers. For effective automation, these processes need great flexibility, speed, and precision through a robot system. However, ROI still acts as a hindrance to the market growth in the electronics industry. With the decreasing prices of Cartesian robots, the market is anticipated to gain pace during the coming years.  

Impact of COVID-19 Pandemic on Cartesian Robot Market

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Cartesian Robot Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Download the Latest COVID-19 Analysis on Cartesian Robot Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00006984

Government support for the development and deployment of robotics

The government of several nations worldwide are taking initiatives to support and promote the development and adoption of the Cartesian robot in their respective countries. For instance, the government of Singapore, under its Industry Transformation Programmed, has announced several measures to facilitate companies and industries innovate, automate, and expand overseas and obtain financing. The Singapore government, in 2015, introduced the ‘National Robotics Programmed’ for the development and deployment of robotics in various sectors including, healthcare, manufacturing, construction, and logistics. Further, in the year 2016 budget of Singapore’s government, a new three-year ‘Automation Support Package’ was introduced. Under this, the government enhanced the ‘National Robotics Programmed’ by providing over US$ 450 Mn for the development and adoption of robotics.

Rapid Expansion in Manufacturing Industry

The global manufacturing industry is rapidly expanding as more and newer regions are investing in adopting manufacturing plants in their localities. As per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers’ index (PMI) accounted 55.1 in October 2017, which was down from 55.9 in September 2017 however, still at a comparatively high level. The PMI index remained above 53.5 since the beginning of 2017, signifying a substantial recovery of the manufacturing sector in developed countries, increasing industrial advancement in emerging market economies and intensifying commodities prices on the global market. This expansion in the manufacturing industry is expected to embrace technological advancements to enhance plant productivity, maintain an edge with the customers, and gain competitive advantage.

Cartesian Robot Market: Competitive Landscape and Key Developments

ABB Ltd., Aerotech Inc., Akribis Systems, Bosch Rexroth AG, Denso Corporation, Epson America Inc., Gudel Group AG, KUKA AG, MKS Instruments Inc., Suruga, and Yamaha Motor Co., Ltd are among the key players in the global Cartesian Robot market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Order a Copy of Cartesian Robot Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00006984/

2019: Launch of Motion Control Motor for 3-axis Cartesian Robot

2018: ABB Ltd. announced an investment of US$ 150 Mn in Shanghai, China

2019: Epson Signs Smith Power Systems as Distributor in South Central U.S.

2018: Bosch Rexroth introduced the EcoLift EL 2

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/reports/pr/cartesian-robots-market

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