According to Fact.MR, a market research and competitive intelligence provider, the global robot arms market is estimated to be valued at USD 26.2 billion in 2023 and is expected to expand at an impressive CAGR of 11.4% during the forecast period.

The use of robot arms is increasing across diverse industries such as manufacturing, healthcare, logistics, supply chain, and retail. With the growing integration of technologies like machine learning and artificial intelligence, the demand for robot arms is set to witness significant growth over the forecast period.

Industrial robotic arms are helping companies achieve higher levels of productivity by enhancing precision, efficiency, and speed across various applications.

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Key Takeaways from Market Study

• The global robot arms market is projected to expand at an impressive CAGR of 11.4%, reaching a valuation of USD 77.2 billion by 2033.
• From 2018 to 2022, the market witnessed a CAGR of 6.2%.
• Within the application segment, pick and place robot arms are expected to dominate, with an estimated valuation of USD 5 billion in 2023.
• In North America, the U.S. is anticipated to lead, accounting for 90.1% of the regional market share in 2023.
• The healthcare industry is expected to represent 16.3% of the market share for robot arms in 2023.
• Collaborative robot arms are projected to have a market valuation of USD 5.5 billion in 2023.

Market Development

Companies are consistently launching new robot arms equipped with advanced technologies like artificial intelligence and machine learning. As more manufacturers incorporate AI into robot arms for smart manufacturing, the market is poised for substantial growth in the near future.

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Key Companies Profiled

• ABB
• Amazon
• DENSO Robotics
• EVS TECH CO., LTD
• FANUC Corporation
• KUKA AG
• Omron Corporation
• Stäubli International AG
• Universal Robots A/S
• Yaskawa Electric Corporation

In January 2022, Fanuc announced the launch of the M-1000iA industrial robotic arm, featuring a payload capacity of 1,000 kg. Unlike typical heavy payload robot arms with parallel-link mechanisms, the M-1000iA can stretch upright and spin backwards. It is equipped with integrated iRVision, force sensing, and Zero Down Time (ZDT), offering the same intelligence and reliability as other Fanuc robots.

In November 2022, leading manufacturer Dobot launched two collaborative arms as part of its new Nova Series, targeting the retail and service markets. The Nova 2 has a payload capacity of 2 kg, while the Nova 5 can handle 5 kg. This series was introduced to address labor shortages and rising costs in the retail and service sectors.

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Segmentation of Robot Arms Industry Research

• By Type:
• Cartesian Robotic Arms
• Cylindrical Robotic Arms
• Polar/ Spherical Robotic Arms
• SCARA Robotic Arms
• Collaborative Arms
• Articulated Arms
• Delta Robots
• By Application:
• Palletizing
• Inspection
• Machining
• Material Handling
• Painting
• Pick and Place
• Surgical
• Welding
• Others
• By End Use Industry:
• Aerospace
• Automotive
• Food and Beverages
• Healthcare
• Industrial Machinery
• Logistics & Supply Chain
• Pharmaceuticals
• Semiconductor and Electronics
• Other End Use Industries
• By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global robot arms market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of type (cartesian robotic arms, cylindrical robotic arms, polar/ spherical robotic arms, SCARA robotic arms, collaborative arms, articulated arms, delta robots), application (palletizing, inspection, machining, material handling, painting, pick and place, surgical, welding, others), end use industry (aerospace, automotive, food and beverages, healthcare, industrial machinery, logistics & supply chain, pharmaceuticals, semiconductor and electronics, other end use industries) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

FAQ: 

How big is the robotic arm market?

The global robot arms market is projected to exceed a valuation of USD 26.2 billion in 2023 and is expected to grow at a CAGR of 11.4%, reaching USD 77.2 billion by the end of 2033.

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