Market Research Report
Robot End Effector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||967679|
|Published||Content info||146 Pages
Delivery time: 2-3 business days
|Robot End Effector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: October 16, 2020||Content info: 146 Pages||
The global robot end effector market grew at a CAGR of around 16% during 2014-2019. The robot end effector, or end-of-arm tooling (EOAT), refers to an additional device, tool or accessory that is attached to a robotic wrist or joint. It is the endpoint of the robot that interacts with the environment and is programmed and designed to perform specific tasks. It includes robotic grippers, tool changers, collision sensors, rotary connectors, pressure tools, compliance devices, burr cleaning tools and arc welding torches. These effectors are commonly used for handling, assembling, welding, dispensing, painting and cutting applications. Owing to this, they find extensive applications across various industries, including automotive, semiconductor and electronics, food and beverage, metals and machinery, chemical and healthcare.
Rapid industrialization and the increasing adoption of robots for industrial operations are among the key factors driving the growth of the market. With the advent of industry 4.0, robots are now increasingly being integrated with advanced technological solutions, such as cloud computing, cyber-physical systems, big data and the Internet of Things (IoT), to optimize the overall efficiency of the industrial processes. Furthermore, the widespread utilization of collaborative robots is also augmenting the market growth. Robot end effectors optimize human-robot work environment, enhance productivity and ensure safe movements of sensitive or fragile products. Additionally, various technological advancements, such as the improvements in the sensor technology and the development of the pneumatic gripping solutions for high-force applications, are also creating a positive impact on the market growth. Other factors, including the growing demand for modular and electric grippers and increasing deployment of refurbished robots across industries, are expected to drive the market further. Looking forward, IMARC Group expects the global robot end effector market to continue its strong growth during the next five years.
Figure 11 Global: Robot End Effector (Grippers) Market Forecast: Sales Value (in Million US$), 2020-2025