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Current 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 at present, we’re seeing a robust 2021 rebound as finish prospects resume much-delayed industrial automation initiatives. Past 2021, though exercise is not going to be so frenzied, Work together Evaluation predicts continued robust development, 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 assume laborious in regards to the potential that automation presents. 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 Robots
Earlier than we are able to totally perceive the robotic elements sector, we should first study the altering industrial and collaborative robotics panorama. In 2020, articulated robots accounted for almost 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 rationale 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 whole market share in 2020 to 31.8% in 2024. Over the identical interval, the marketplace for collaborative and SCARA robots will see sooner than common development, owing to the emergence of a variety of recent industries which is able to represent robust new markets for a lot of these robotic (Determine 1, beneath).
Determine 1: Income Progress by Robotic Sort (Supply: Work together Evaluation)
Whereas the general industrial robotic market is forecast to see annual development of the order of 4% – 5%, the collaborative robotic sector is predicted to get pleasure from 15%-20% year-on-year development. At Work together Evaluation, we’re seeing a development in the direction of smaller, decrease payload robots, as industries reminiscent of electronics proceed to automate, and new industries reminiscent of battery manufacturing and PV manufacturing more and more come on stream.
SCARA robots with a payload often of <10 kg, for instance, are already probably the most extensively used robotic resolution within the electronics sector, and have a broad vary of functions, together with materials dealing with, meeting, and inspection. This clear development in the direction of smaller robots will closely influence the robotic elements sector.
Finish Effector Market Tops $2.5B by 2025
Within the newest Work together Evaluation industrial robotic part analysis, all the important thing robotic elements: had been thought of – motors, drives, gearboxes, controllers, machine imaginative and prescient, sensors, and finish effectors. 2021 noticed a robust double-digit rebound for elements 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 compelled up by numerous elements together with the semiconductor scarcity and inflation. For 2022 and past we anticipate decrease however nonetheless robust ranges of development, 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 Elements 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 often producing these elements for themselves. It’s the identical story for robotic controllers. However markets for different elements, together with finish effectors, educate pendants, sensors and precision gearboxes are way more open to 3rd get together suppliers.
Whereas the articulated robotic sector, by advantage of its measurement, seems to signify the most important single alternative for part distributors, a big 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 very best development as their penetration is rising owing to the rising complexity of automation options being put in in manufacturing amenities. Work together Evaluation can also be seeing a barely above common improve in market share for sensors because the extra subtle and better value absolute encoders see elevated use in functions requiring a excessive diploma of accuracy.
The development in the 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 elements will proceed to dominate by way of their mixed market share, income development shall be at a slower tempo than for different forms of part. In the meantime, the marketplace for robotic controllers is predicted to maintain tempo with the general industrial robotic market, whereas educate pendants, already nicely established within the cobot section, are prone to see barely elevated development as they’re deployed in different robotic functions.
Goal ‘Open’ Market Segments
Whereas the articulated robotic sector, by advantage of its measurement, seems to signify the most important single alternative for part distributors, a big a part of the market is captive, with distributors having fun with robust, if not unbreakable, ties with their finish prospects. As a substitute, the eyes of part producers hoping to develop their market share must be turning in the 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 big 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 give attention to 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 Assessment want to thank Work together Evaluation for permission to publish this piece (with edits). The unique will be discovered HERE. All views, ideas, and opinions expressed therein belong solely to the creator. To contact Work together Evaluation click on HERE.
In regards to the Writer
Tim Dawson is the Senior Analysis Director and Principal Analyst for Work together Evaluation’ Industrial Automation staff. 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 trade commerce exhibits throughout the nation.
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