Parallel robots: Key market research findings
- APAC dominated the market geographically
- The food and beverage sector accounts for a majority of the market’s revenue
- Key vendors – ABB, Codian Robotics, FANUC, and OMRON
Technavio’s market research analysts predict the global parallel robots market to grow at a CAGR of around 6% between 2016 and 2020. The demand for parallel robots is augmented by a rise in the deployment of robots in the food and beverage industry. Delta robots are originally developed for low payload applications such as packaging and are widely adopted in the food processing industry as they can sort and pack everything, including fine chocolates and pizzas. During 2015, APAC dominated the global parallel robots market by accounting for a market share of more than 37%. Factors such as increased contract manufacturing, advent of new government initiatives, burgeoning population, and a rise in the sale of self-medication and OTC drugs are expected to contribute to the growth of the parallel robots market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the parallel robots segments based on the end-user.
“Vendors in the market are currently focusing on the integration of the Internet of things (IoT) in delta robots. Advances in sensors, hardware, and software have made delta robots more intelligent and autonomous in their capabilities. As a result, vendors are now offering their services through smart devices and Wi-Fi technology for remote operation of delta robots,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
During 2015, the food and beverage industry witnessed an upsurge in the adoption of parallel robots. Parallel robots are widely adopted in this sectors as these robots are designed for low payload applications such as pick and place and packaging. Parallel robots are used for picking and placing products for primary packaging application. They complete the packing process by placing the primary packed product into the secondary packaging – crates, trays, or cases. The sale of the parallel robots in the food and beverage industry is predicted to increase during the forecast period, especially in the automation for packaged meat.
The key vendors in the market include ABB, Codian Robotics, FANUC, and OMRON. Due to different levels of integration requirements and installations, this market comprises of various hardware, software, allied components, and solutions providers. Suppliers of raw material, allied components, and technology also form a significant part of the value chain. The market is currently characterized by a few vendors and key market players like ABB, Codian Robotics, FANUC, and OMRON dominate the market. Parallel robots manufacturers include allied components, technology, and software either through in-house development or from independent entities, and are solely responsible for the integration of systems, testing, and commercializing these products into the market.
A more detailed analysis is available in the Technavio report, Global Parallel Robots Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
