Increased Demand for Parallel Robots for Pick and Place and Packaging Applications to Drive the Global Parallel Robots Market Until 2020, Says Technavio

LONDON--()--According to the latest market study released by Technavio, the global parallel robots market is expected to grow at a CAGR of close to 6% during the forecast period.

This research report titled ‘Global Parallel Robots Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

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Based on end-user, the report categorizes the global parallel robots market into three major segments. They are:

  • Food and beverage industry
  • Pharmaceutical industry
  • Electronics and semiconductor industry

Global parallel robots market in food and beverage industry

The global parallel robots market in the food and beverage industry was valued at USD 96.28 million in 2015 and is expected to grow at a CAGR of 5.98% during the forecast period.

The sales of parallel robot in the food and beverage industry is predicted to increase during the forecast period, especially in the automation for packaged meat. The customer preference for processed and packaged meat has increased by 10% between 2013 and 2015. The practice of labelling on the packaged meat is a major advantage for the customers due to increased transparency. Meat processing companies are focusing on optimizing and automating their process lines to address the increased demand from end-consumers. The demand for delta robots is expected to heighten during the forecast period as these robots can perform packaging of meat hygienically, decreasing the risk of contamination.

Global parallel robots market in pharmaceutical industry

Parallel robots are used for assembly, inspection, and packaging of medical products in the pharmaceutical industry. They are used in dispensing, kit assembly, sorting, and light machine tending applications. Merck, an American-based pharmaceutical company uses FANUC's delta robot on a bottling assembly line to pick and place dispenser caps onto bottled allergy products.

“Parallel robots are increasingly used for repetitive pick and place applications in R&D testing such as relocation of fluids. The overhead filling system is ideal for clinical trials and small batches that require fast changeover, accuracy, and flexibility,” says Bharath Kanniappan, a lead analyst at Technavio for research on robotics.

The report also further states that parallel robots are projected to be used for 9% of the primary packaging of pharmaceutical products, a 3% increase from 2013. Monitoring the history and lifecycle of a drug and tracking consumer use have compelled the industry to adopt parallel robots in the pharmaceutical industry. The life science industry's manufacturing operations must have quality manufacturing processes in line with GMP instructions and other standards such as the 21 Code of Federal Regulations (CFR) Part 11 and Good automated manufacturing practice (GAMP)-5 to stay compliant with regulatory standards.

Global parallel robots market in electronics and semiconductor industry

“The global parallel robots market in electronics and semiconductor industry is predicted to grow during the forecasted period due to increased use of delta robots in the solar panel manufacturing industry. Delta robots are increasingly used in solar applications, such as joining solar panels in photovoltaic applications and picking and placing photovoltaic cells, for panel assembly over a large workstation due to their built in accuracy and repeatability,” says Bharath.

Governments across various countries have started offering subsidies, loans, and tax benefits to increase the use of renewables. In late 2015, the US government’s development finance institution, Overseas Private Investment Corporation (OPIC), announced an investment of USD 400 million for a solar farm construction in South Africa. The solar plant will be constructed jointly by Saudi Arabia's ACWA Power and California-based SolarReserve.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • ABB
  • Codian Robotics
  • FANUC
  • OMRON Adept Technologies

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global parallel robots market is expected to grow at a CAGR of close to 6% during the forecast period.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com