Global Cartesian robot Market outlook to 2027 | Gudel Group AG, KUKA AG, MKS Instruments, Suruga, and Yamaha Motor, Aerotech, Akribis Systems, Bosch Rexroth

Increase in use of the cartesian robot in consumer electrical and electronics industry is projected to escalate the cartesian robot market at a CAGR of 11.9%

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.

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The market for the global cartesian robot is concentrated with some very well-established players. Some of the key players in the global cartesian robot market include 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., among others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

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, smartwatches, 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.

Cartesian robots are also referred to as gantry robots and use motors and linear actuators for positioning a tool. The movements of these robots are linear in three axes of X, Y, and Z. The four major axes type of Cartesian robots include 1-Axis, 2-Axis, 3-Axis, and 4-axis. For a Cartesian robot to be designed and selected for a particular application, various parameters are evaluated. The orientation, load capacity, speed and travel, duty cycle, and the environment of the robot to be operated are among the critical evaluation factors. 3-Axis type held a market share of 40.6% in the year 2018 and is expected to continue its dominance by accounting for 68.5& in the year 2027.

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On the basis of the industry vertical, the global cartesian robot market has been segmented into manufacturing, automotive, electrical & electronics, food & beverages, chemical & petrochemical and others. Under the industry vertical segment, the electrical & electronics industry led the cartesian robot with a market share of 32.5% in 2018. Further, it is expected to garner 31.7% share by 2027.

The report segments the global cartesian robot market as follows:

Cartesian robots Market, by Axis Type

1-Axis
2-Axis
3-Axis
4-Axis
Cartesian robots Market, by Industry Verticals

Manufacturing
Automotive
Electrical & Electronics
Food & Beverages
Chemical & Petrochemical

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.

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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.

This release was published on openPR.