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Motion Control Software in Robotics Market is projected to succeed in US$ 60 billion by 2032 | CAGR of 19%

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New York, May 23, 2023 (GLOBE NEWSWIRE) — According to Market.us, the Motion Control Software In Robotics Market size is projected to surpass around US$ 60 billion by 2032, and it is poised to reach a CAGR of 19% from 2023 to 2032.

Motion control software is an essential component of robotics, and it delivers more accurate and precise control of robot movement. Moreover, it helps to control the motors and actuators of robots. Also, it monitors and adjusts their behavior in real time.

Motion Control Software in Robotics Market

To Get Additional Highlights On Major Revenue-Generating Segments, Request a Motion Control Software In Robotics Market Sample Report At: https://market.us/report/motion-control-software-in-robotics-market/request-sample/

Key Takeaway

  • By Robot Type, the articulated segment generated a revenue share of 37% in 2022.
  • By Robot System Type, the manipulation segment accounted for the largest share of the market.
  • By Application, the industrial robot segment has dominated the market, and it is growing at the highest CAGR over the forecast period 2023 to 2032.
  • By Software, pick & place robotics leads the market with the highest revenue share.
  • By End-User, the manufacturing industries segment held the largest share of the market.
  • In 2022, North America dominated the market with the highest revenue share of 43%.
  • Asia-Pacific will grow at a significant revenue share of 22.4% from 2023-2032.

Presently, the behavior patterns of robots are generally based on the programming content that was brought by humans for performing repeated operations. Robots can be operated on their own, and they don’t participate in controlling them. The motion control software provides a good environment for the development of robots in industrial manufacturing because of the growing demand for repetitive as well as regular movements.

Factors affecting the growth of motion control software in the robotics market

There are several factors that can affect the growth of motion control software in the robotics market. Some of these factors include:

  • Advancements in Technology: The development of artificial intelligence, machine learning, and other advanced technologies is driving the growth of motion control software in robotics.
  • Increasing Demand for Automation: Robots are becoming more prevalent with the rising need for automated processes in various industries. This will enhance the growth of the market.
  • Need for Safety: Safety is an important factor in the design and operation of robotic systems, and the motion control software ensures the safe operation of robots and prevents accidents.
  • Increasing customization: Customers are demanding more customized solutions. The motion control software provides the customization of robotic systems.
  • Rise of Collaborative Robots: Collaborative robots are designed to work together with humans. Still, precise control over their movements is necessary to ensure safety and prevent accidents.
  • Growing Use of Robots in New Industries: Robots are being used in new industries such as logistics, healthcare, and agriculture as robots become more advanced and affordable.

Top Trends in Global Motion Control Software in Robotics Market

The usage of industrial robots is growing, and this will lead to reducing the need for humans. Therefore, motion control software was implemented by numerous industries to decrease work costs. Currently, industries industrial robots are used by most industries due to their numerous benefits. They are smarter, more creative, and faster than anyone. This will improve the growth of the market.

Market Growth

Due to the rising demand for advanced robotics in the manufacturing industries, there is increasing usage of motion control software in robotics, and this is expected to increase the market growth during the forecast period. Robots are used in manufacturing industries for manufacturing accurate and precise objects. Moreover, these robots cut the cost of the tasks as they are precise and accurate in their operations.

Regional Analysis

North America held the largest share of 43% of the global motion control software in the robotics market due to a large number of manufacturers in the region. The dominance of the region was projected to continue over the forecast period. Moreover, the increasing adoption of advanced technology in the region will further drive the growth of the market.

During the forecast period, Asia Pacific was projected to grow at a significant rate owing to the increasing adoption of robots in different industries in this region. Moreover, the increasing popularity of Industry 4.0 was projected to increase the market growth during the forecast period.

Competitive Landscape

Market key players of motion control software in robotics market are constantly upgrading their product offerings. Moreover, they are implementing several strategies, such as collaborations, acquisitions, mergers, and partnerships, to have their dominant position in the market. For instance, Micromech and Trio Motion Technology did a partnership. Trio Motion Technology is a motion-based manufacturer of machine control systems. With this partnership, Microtech will improve solutions for machine builders & OEMs by using Trio’s range of servo drives, servo motors, I/O, and motion controllers.

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Market Key Players

  • ABB Ltd.
  • Fanuc Robotics Company
  • Teradyne
  • Kuka AG
  • Yamaha Motor Co.
  • Yaskawa Electric Corp.
  • Denso Wave
  • Omron Corporation
  • Nachi Robotics System
  • Energid Technologies
  • Other Key Players

Scope of the Report

Report Attributes Details
Market Value (2022) US$ 11 Billion
Market Size in 2032 US$ 60 Billion
CAGR (2023 to 2032) 19%
North America Revenue Share 43%
Asia Pacific Revenue Share 22.4%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

In the healthcare sector, there is a high use of advanced robots owing to the highly precise motion control software in the robots. This software helps in surgeries. It can also do distant surgeries in which the doctors or surgeons control the robots from the remote area to carry out the surgery. Therefore, because of this precise motion control software, it is possible to do automatic surgeries. Thus, during the forecast period, the growing demand for advanced robots in the healthcare sector will propel the market growth.

Market Restraints

The costly motion control software in the robotic industry was projected to hamper the market growth during the forecast period. The reason behind the high cost of the software is that it can be integrated with most of the devices from different manufacturers. Thus, this may impede the growth of motion control software in robotics market.

Market Opportunities

For the motion control software, most of the companies are currently offering efficient as well as robust solutions. Motion control software is a prominent software in robots that provides versatile servo motors and high-power density. These two components are the main components of motion control software. Therefore, because of the increasing advancements in motion control software makes, high-performance controllers for servo motors and drives. So, growing advancement in software is projected to drive the demand for motion control software in the robotics market during the forecast period.

Report Segmentation of the Motion Control Software in Robotics Market

Robot Type Insight

The articulated robot type segment accounted for the majority of the share 37% of the market. The articulated robots are employed in numerous industries such as automotive & chemicals, metal & metallurgy, and others for the applications like processing, testing, assembling, handling, welding, and others. While, during the forecast period, the SCARA segment is projected to develop significantly due to the growing adoption of SCARA robots in the food as well as automotive industries.

Robot System Type Insight

The manipulation robotic systems segment has held the largest share of 49% of the market. The manipulation robot is the most commonly used robotic system in manufacturing industries. Moreover, it can perform many functions, that includes material handling, material removal, and welding applications.

Application Insight

The industrial robot segment dominated the market with the highest share. Several factors, such as the surge in workplace accidents, the increasing need for enhancing productivity, and the increasing labor costs, will likely encourage manufacturers to adopt automation in their facilities. This will likely enhance the market growth during the forecast period. Furthermore, the medical robotics segment is projected to grow faster because of the growing popularity of robotics in the healthcare industry.

Software Insight

Pick & place robotics held most of the share of the market, and it was estimated to grow during the forecast period. The growing adoption of this software in a few manufacturing industries for enhancing productivity and reducing labor costs is a main factor that boosts the segment growth during the forecast period.

End-User Insight

The manufacturing industries segment was projected to collect the largest market share, and the dominance was likely to continue during the forecast period due to the growing usage of robotics software in the manufacturing industries for completing the tasks such as material handling, picking & placing, and assembling. Furthermore, the growing adoption of automation in the manufacturing facilities in the developing regions was anticipated to create lucrative opportunities for the growth of market during the forecast period.

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Market Segmentation

By Robot Type

  • Articulated
  • Polar
  • Cylindrical
  • Cartesian
  • SCARA
  • Other Robot Types

By Robotic System Type

  • Manipulation
  • Data Acquisition and Control
  • Mobile

By Application

  • Industrial Robot
  • Medical Robot
    • Surgical Robot
    • Dispensing
    • Medical Transportation
    • Sanitation and Disinfection
  • Consumer Robot
    • Indoor
    • Outdoors

By Software

  • Pick and Place
  • Painting
  • Hold and Rotate
  • Drilling
  • Striking
  • Other Softwares

By End-User

  • Manufacturing Industries
  • Healthcare
  • Oil and Gas
  • Research Academia
  • Other End-Users

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

To Get Additional Highlights On Major Revenue-Generating Segments, Request a Motion Control Software In Robotics Market Sample Report At: https://market.us/report/motion-control-software-in-robotics-market/request-sample/

Recent Development of the Motion Control Software in the Robotics Market

  • In November 2021- Motion Controls Robotics Inc. and MiR did a partnership. The MiR is one of the top Autonomous Mobile Robot Manufacturers. The aim of this partnership is to offer the best-customized solution for various applications. Additionally, this partnership has helped MCRI to enhance its customer base.
  • In December 2021- ABB introduced two new controllers. They are V250XT and E10 to develop its OmniCore robot controller family for a widespread range of manufacturing applications. Also, these new controllers offer the best motion control.

Browse More Related Reports:

  • Educational Robots Market was valued at USD 1.2 billion in 2022. This market is estimated to register CAGR of 16%.
  • 3D Motion Capture System Market is anticipated to grow at a CAGR of roughly 10.7% over the next ten years and will reach USD 380.6 Mn in 2028, from USD 137.2 Mn in 2018.
  • Warehouse Robotics Market was valued at USD 5.5 billion in 2022 and expected to grow around USD 19.2 billion by 2032, at a CAGR of 13.3% during the forecast period of 2023 to 2032.
  • Industrial Robotics Market was valued at USD 48.5 billion in 2022 and is expected to reach USD 142.8 billion by 2032 with a CAGR

About Us:

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Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Contact Center Analytics Market- Global Forecast to 2027
Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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