[ad_1]
Hearken to this text
Latest years have been robust for the robotics and automation sector. Even earlier than the Covid-19 pandemic, the state of affairs was difficult. For instance, in 2019, the automotive sector – a key shopper of commercial robots – noticed weakened demand for conventional inside combustion autos. Moreover, the electronics market was additionally stuttering, as was the machine builders’ market. And the anticipated 2020 rebound was stymied by the COVID-19 disaster, with the worldwide industrial robotic market falling by 11.1% in income phrases, and by 5.9% in cargo phrases.
However right now, we’re seeing a powerful 2021 rebound as finish prospects resume much-delayed industrial automation tasks. Past 2021, though exercise is not going to be so frenzied, Work together Evaluation predicts continued robust progress, not least as a result of the expertise of working factories alongside social distancing strains has made even probably the most conservative manufacturing line managers suppose arduous in regards to the potential that automation gives. By 2024, the marketplace for industrial and collaborative robots (cobots) ought to obtain its earlier 2018 income peak of $10.5 billion, with 410,000 models shipped.
Sturdy Progress for Collaborative RobotsBefore we are able to absolutely perceive the robotic parts sector, we should first study the altering industrial and collaborative robotics panorama. In 2020, articulated robots accounted for practically 75% of the mixed $8.6 billion market worth of commercial and collaborative robots. However by 2025, Work together Evaluation predicts that share will drop to 70%, whereas the mixed market will itself exceed $11.1 billion.
The explanation for the drop is that revenues from the automotive sector, the most important end-user of articulated robots, will fall from 33.4% of the overall market share in 2020 to 31.8% in 2024. Over the identical interval, the marketplace for collaborative and SCARA robots will see quicker than common progress, owing to the emergence of a variety of latest industries which can represent robust new markets for these kind of robotic (Determine 1, beneath).
Determine 1: Income Progress by Robotic Kind (Supply: Work together Evaluation)
Whereas the general industrial robotic market is forecast to see annual progress of the order of 4% – 5%, the collaborative robotic sector is predicted to take pleasure in 15%-20% year-on-year progress. At Work together Evaluation, we’re seeing a development in direction of smaller, decrease payload robots, as industries similar to electronics proceed to automate, and new industries similar to battery manufacturing and PV manufacturing more and more come on stream.
SCARA robots with a payload normally of <10 kg, for instance, are already probably the most broadly used robotic answer within the electronics sector, and have a broad vary of functions, together with materials dealing with, meeting, and inspection. This clear development in direction of smaller robots will closely affect the robotic parts sector.
Finish Effector Market Tops $2.5B by 2025In the newest Work together Evaluation industrial robotic part analysis, all the important thing robotic parts: have been thought-about – motors, drives, gearboxes, controllers, machine imaginative and prescient, sensors, and finish effectors. 2021 noticed a powerful double-digit rebound for parts utilized in robots, and this 12 months the market will exceed its 2018 measurement of just below $8 billion. That is due in no small half to costs being pressured up by a variety of elements together with the semiconductor scarcity and inflation. For 2022 and past we anticipate decrease however nonetheless robust ranges of progress, with a 4.1% CAGR out to 2025, and revenues projected to hit $9.3 billion that 12 months (Determine 2, beneath).
Determine 2: Key Parts in Industrial Robots – Revenues by Product (Supply: Work together Evaluation)
As we are able to see on the chart above, finish effectors signify the one largest part market, and can proceed to take action for the foreseeable future, rising from a market worth of $1.8 billion in 2020 to over $2.5 billion in 2025. The mixed marketplace for motors, drives and gearboxes is predicted to exceed the worth of the tip effector market.
However there’s a vital level to be made right here… a lot of the motors/drives market is captive, with robotic producers normally producing these parts for themselves. It’s the identical story for robotic controllers. However markets for different parts, together with finish effectors, train pendants, sensors and precision gearboxes are way more open to 3rd occasion suppliers.
Whereas the articulated robotic sector, by advantage of its measurement, seems to signify the most important single alternative for part distributors, a major a part of the market is captive, with distributors having fun with robust, if not unbreakable, ties with their finish prospects.
Machine imaginative and prescient and finish effectors are exhibiting the best progress as their penetration is growing owing to the rising complexity of automation options being put in in manufacturing services. Work together Evaluation can also be seeing a barely above common enhance in market share for sensors because the extra subtle and better price absolute encoders see elevated use in functions requiring a excessive diploma of accuracy.
The development in direction of extra compact robots with lighter payloads is creating a requirement for smaller and decrease energy motors, drives and gearboxes which command decrease market costs than their bigger, extra highly effective counterparts. Whereas these parts will proceed to dominate when it comes to their mixed market share, income progress will probably be at a slower tempo than for different sorts of part. In the meantime, the marketplace for robotic controllers is predicted to maintain tempo with the general industrial robotic market, whereas train pendants, already properly established within the cobot phase, are prone to see barely elevated progress as they’re deployed in different robotic functions.
Goal ‘Open’ Market SegmentsWhile the articulated robotic sector, by advantage of its measurement, seems to signify the most important single alternative for part distributors, a major a part of the market is captive, with distributors having fun with robust, if not unbreakable, ties with their finish prospects. As an alternative, the eyes of part producers hoping to develop their market share ought to be turning in direction of the extra ‘open’ market alternatives supplied by the burgeoning collaborative robotic market the place revenues are anticipated to exceed $1.1 billion by 2025, surpassing even the $865 million in revenues derived from SCARA robots.
By advantage of its measurement, the articulated robotic sector would seem to signify the most important single alternative for robotics part suppliers. A major a part of the articulated robotic market is captive, with distributors having fun with robust, if not unbreakable, ties with their finish prospects. Consequently, part producers trying to develop their market share ought to concentrate on extra ‘open’ market alternatives supplied by the burgeoning collaborative robotic market the place revenues are anticipated to exceed $1.1 billion by 2025, surpassing even the $865 million in revenues derived from SCARA robots.
Editors Observe: Robotics Enterprise Overview wish to thank Work together Evaluation for permission to publish this piece (with edits). The unique could be discovered HERE. All views, ideas, and opinions expressed therein belong solely to the writer. To contact Work together Evaluation click on HERE.
In regards to the AuthorTim Dawson is the Senior Analysis Director and Principal Analyst for Work together Evaluation’ Industrial Automation crew. He makes use of his 20+ 12 months expertise to develop best-in-class analysis for the manufacturing sector and is a frequent speaker on all issues analysis at conferences and business commerce exhibits throughout the nation.
Associated Content material:
[ad_2]