About the Parallel Robots Market
A parallel robot has at least two arms. The end of arm tools in a parallel robot is connected to the overhead base through several chains of interconnected links. The joints are not actuated, and these passive joints (spherical, universal and planar joints) have several degrees of freedom. The two types of parallel robots are hexapods, which are commonly used in motion simulators, also known as motion platforms, and the delta robots that are used for quick pick and place operations. A delta robot consists of three arms connected to joints at the overhead base. The orientation of end effector is maintained by a key design feature that incorporates parallelograms in the arms. Hence, they are efficient in pick and place operations and can execute 300 picks per minute. FANUC, ABB, Kawasaki, Panasonic, and Motoman are the key manufacturers of delta robots.
Technavio’s analysts forecast the global parallel robots market to grow at a CAGR of 5.70% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global parallel robots market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales and aftermarket services of parallel robots. The report presents the vendor landscape and a corresponding insight on the top four vendors operating in the market. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Parallel Robots Market 2016-2020
Technavio recognizes the following companies as the key players in the global parallel robots market: ABB, Codian Robotics, FANUC, and OMRON.
Other Prominent Vendors in the market are: Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Robotics, Penta Robotics, Staubli Robotics, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the integration of Internet-of-things (IoT) in delta robots. Advances in sensors, hardware, and software have made the delta robots more intelligent and autonomous in their capabilities. Vendors are offering their services through smart devices and Wi-Fi technology for remote operation of delta robots. As these devices offer enhanced flexibility and convenience in operations, end-users prefer these technology-enabled robots in factory facilities. The end-users are also implementing IoT in factories to make their factory a connected entity.”
According to the report, a key growth driver in the market is the increase in cumulative saving of organizations in deploying parallel robots. Parallel robots are versatile and can be easily programmed to adapt to new assembly lines without any training. The functioning of these robots can be extended overnight and weekends without any human supervision. Parallel robots produce defect-free products and reduce product failure and wastage. These robots require minimum heating and lighting, which considerably reduces energy consumption.
Further, the report states that a major factor that could hamper market growth is the low adoption rate of parallel robots in SME sector. SMEs lack the knowledge of robotics compatibility with their business and its efficiency. They also have low capability of long-term investment, technical expertise outside core business, and awareness of technological improvements. They also fear taking credit from banks to invest in robotics, as they do not have sufficient capital to repay in case of economic instability.
ABB, Codian Robotics, FANUC, OMRON, Epson Robotics, Kawasaki Heavy Industries, Mitsubishi Robotics, Penta Robotics, Staubli Robotics, Yamaha Robotics.
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