United States Articulated Robot Market: Growth, Trends, and Outlook
The United States articulated robot market is poised for significant growth in the coming years. According to a report by IMARC Group, the market reached a value of US$ 1.6 billion in 2022 and is expected to reach US$ 2.4 billion by 2028, with a projected CAGR of 7% during the forecast period of 2023-2028.
Articulated robots are industrial automation machines that operate through various mechanisms powered by electric motors. These robots can be simple with two-joint structures or more complex with multiple interacting joints and materials, depending on their intended use. For instance, a six-axis articulated robot is commonly used in plastic injection molding machines to enhance operational flexibility.
The significant automation in industrial processes is one of the key drivers for the growth of the articulated robot market in the United States. The demand for electric vehicles (EVs) is also contributing to the adoption of articulated robots in the automotive sector. Furthermore, market players are focusing on introducing innovative articulated robots by integrating advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT). This is expected to expand the applications of articulated robots across various industries, including aerospace, electronics, cosmetics, personal care, and the food and beverage (F&B) industry.
The report further segments the market based on payload, function, type, component, end-use industry, and region. The key players in the market are also analyzed in the report, providing insights into the competitive landscape.
In conclusion, the United States articulated robot market is set to witness promising growth in the coming years. The increasing automation in industrial processes and the demand for EVs are driving market growth. With the integration of advanced technologies, articulated robots are expected to find wider applications in various industries.
– IMARC Group