The Cartesian robots Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cartesian robots Global Market Report 2024, The cartesian robots market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to increasing demand in manufacturing, flexibility in application, rising labor costs, increasing integration with industry 4.0, rise in e-commerce and logistics.
The cartesian robots market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to growth in automotive manufacturing, enhanced safety features, increased r&d investments, globalization of supply chains, rising adoption in small and medium-sized enterprises (smes). Major trends in the forecast period include technological advancements, iot connectivity, 3d vision systems, supply chain automation, advanced end-of-arm tooling.
The rising consumer electronics manufacturing is expected to propel the growth of the cartesian robot market going forward. Consumer electronics manufacturing refers to the process of producing electronic devices and gadgets that are designed for personal and recreational use. Cartesian robots are programmable and can be easily reconfigured for different tasks. This flexibility is particularly valuable in consumer electronics manufacturing, where product designs and specifications may change frequently. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Therefore, the growing demand for consumer electronics is driving the growth of the pick & place machines market. Therefore, the rising consumer electronics manufacturing is driving the growth of the cartesian robot market.
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The cartesian robots market covered in this report is segmented –
1) By Type: XY-X Series, 2X-Y-Z Series, 2X-2Y-Z
2) By Application: Handling, Palletizing, Welding
3) By End Use Industry: Automotive, Pharmaceutics, Food And Beverage, Semiconductor And Electronics, Aerospace And Defense
Major Companies operating in the cartesian robot market are developing innovative operating systems to program and control robots. The operating system aims to provide a user-friendly platform for robot programming and automation. For instance, in April 2021, KUKA Robotics, a Germany-based industrial robot and factory automation system, launched iiQKA.OS operating system. The iiQKA Pre-Launch Package includes everything needed to facilitate automation, and the system is part of the Robotic Republic ecosystem. The system can be used to program and control various types of KUKA robots, including Cartesian robots, and can help simplify the programming process and improve the efficiency of automation tasks.
The cartesian robots market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- AT&T Inc.
- Midea Group
- Cisco
- Denso Corporation
- Broadcom
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