Increase in Demand for IoT-Based Smart Solutions Expected to Drive Global SCARA Robots Market: Ken Research

SCARA refers to Selective Compliance Articulated Robot Arm, widely used in the small robotic assembly applications. These robots are developed for improving the speed of repeatability on pick or place tasks from one location to another. They operate at a privileged speed with optional clean-room specification. They are used in a wide variety of processes & applications, such as small precision machine components requiring the precise assembly, production equipment for electrical & electronic components, and assembly, handling, and transfer of large automotive components.

According to study, “Global SCARA Robots Market by Subsystem, Axis Type, Application, Industry Vertical, and Region 2015-2026: Trend Forecast and Growth Opportunity”. The key companies operating in the global SCARA robots market are Asic Robotics, Adept, Hirata, Toshiba Machine, Yamaha Robotics. Epson Robots, Mitsubishi Electric, Wachter, OMRON Corporation, Mitsubishi Electric, Comau, Stubli Robotics, DENSO Robotics, ABB Group, FANUC Robotics, EPSON Factory Automation Group, B+M Surface Systems GmbH, Yaskawa, Universal Robots. These leading players are actively focusing on organic & inorganic growth strategies in order to gain the competitive advantage in the market. Few of the important strategies adopted by these players in the global market are partnerships, agreements, collaborations, and new product launches.

Based on subsystem, SCARA robots market is segmented as software, hardware and services. Software is further sub-segmented as MAT lab, SSL and others. Hardware is further sub-segmented as power electronics, brake unit, CPU board, motors and others. Additionally, services segment is further sub-segmented as testing, maintenance and training. Based on axis type, market is segmented as 3-axis SCARA robots, 4-axis SCARA robots, 5-axis SCARA robots, 6-axis SCARA robots and others SCARA robots. Based on application, the market is segmented as packaging, transport, inspection, assembly, and others. Transport is further sub-segmented as loading, unloading, process to process transfer and others. In addition, based on industrial vertical, the market is segmented as Electrical & Electronics, Automotive Industry, Pharmaceuticals, Metal & Machinery, food & beverage, chemicals & petrochemicals and others.

The SCARA robots market is driven by growth in adoption of industry 4.0 and enabling technologies industries, followed by rise in need for mass production with reduced operation cost and increase in demand for IoT-based smart solutions & automation in various industries for qualitative or reliable manufacturing. However, interoperability & integration issues with SCARA robots and high expenditure associated with implementation of SCARA Robots may impact the market. Moreover, growth in integration of SCARA robots with Artificial Intelligence (AI) & Internet-of-Things (IoT) technologies and rise in labor costs in developing countries are key opportunities for market.

Based on geography, the Asian-Pacific and North-American regions hold major share in global SCARA robots market owing to rise in demand in the adoption of automated systems in several sectors such as logistics, pharmaceutical and food & beverage industries in the region. The European region is estimated to witness higher growth rate due to growth in demand for better biomedical & healthcare services coupled with increase in demand from end-user industries such as polymers, metallurgy, semiconductors manufacturing, and fiber optics over the forecast period. It is predicted that the global SCARA robots market will be reached at US $ 7.66 billion by 2026, representing a 2019-2026 CAGR of 5.77%.

For More Information, click on the link below:-

Global SCARA Robots Market Research Report

Related Report:-

Global Scara Robots Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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