Parallel Robot Market Size, Share, Opportunities, And Trends By Type (Standard Parallel Robots, Delta Robots), By Component (Hardware, Software), By Application (Picking & Packaging, Material Handling, Assembling, Sorting, Others), By End-User (Automotive, Aerospace, Manufacturing, Electronics, Food & Beverage, Others), And By Geography - Forecasts From 2023 To 2028

The parallel robot market is expected to grow steadily during the forecast period.

Parallel robots, also known as parallel manipulators, are a type of robotic system that consists of a mobile platform linked to a fixed base by a series of identical parallel kinematic chains. These robots are valued for their high speed, precision, and payload capacity, which makes them suitable for use in a wide range of industries including aerospace, automotive, precision manufacturing, medical, food and beverage, and electronics. Growing industrial automation and favorable investments in the electronics & semiconductor sector aided the expansion of the parallel robot industry.

Market Drivers

• Growing industrial automation propels parallel robot market expansion.

Industrial automation is becoming more essential to boost productivity, lowering costs, and improving product quality. Parallel robots provide advantages such as high payload capacity, large workspace, and precise operation, making them ideal for industrial automation. Favorable investment to bolster industrial productivity has positively impacted robotics adoption. For instance, in September 2023, the farming minister of the United Kingdom announced a £12.5 million investment in robotics and automation to promote sustainable farming. Nineteen cutting-edge projects are underway to create automation and robotic technologies to forecast strawberry yield. Such investments have paved the way for future market growth.

• Favorable investments in the semiconductor sector drive the parallel robot market growth.

Parallel robots provide powerful automation solutions for semiconductor manufacturing thereby increasing industry productivity, quality, and efficiency. Bolstering growth in electronics consumption has created the need to invest in new technologies such as robotics to enhance manufacturing efficiency. For instance, in May 2023, the Department for Science, Innovation, and Technology plans to invest up to £200 million in the semiconductor sector between 2023 and 2025, and up to £1 billion over the coming decade. Additionally, according to the Industrial Development Bureau, the Abu Dhabi government's Industrial Strategy, using an investment of AED10 billion, will double the capacity of the manufacturing sector.

• Technology advancements in robotics bolster the parallel robot market growth.

Technological advancements have resulted in higher levels of accuracy and precision in parallel robots. High-precision sensors, advanced control algorithms, and feedback mechanisms all contribute to improved positional repeatability and precision. This makes parallel robots an ideal solution for businesses to adopt which has bolstered the growth of the parallel robot industry. In December 2023, Samsung introduced two new ISOCELL Vizion Sensors designed for Robotics and XR Applications. Additionally, Omron Automation offers iX4 Parallel Robot, the world's only parallel robot with a developed four-arm design, and is USDA/FDA approved for meat and poultry processing applications.

North America is expected to show significant market growth.

North America is expected to account for a considerable share of the parallel robot market due to increasing investments in the electronics sector by numerous governments. For instance, in 2022 President Biden signed the CHIPS and Science Act (CHIPS), which invests nearly $53 billion in semiconductor manufacturing in the United States. Additionally, in February 2022, the Government of Canada announced a $240 million investment in the Canadian semiconductor and photonics industries to bolster their semiconductor ecosystem and electronics sector. In July 2023, BorgWarner, an international leader in creative and sustainable mobility solutions for the vehicle market, announced an investment in San Luis Potosi which involves a new manufacturing plant in Mexico focused on producing power electronics components and electric motors.

Market Challenges

• Complexity concerns will restrain the growth of the parallel robot market.

Parallel robots have complex mechanical structures with multiple mechanic chains that require precise engineering and calculations. Establishing and setting up these robots can be a difficult task that requires expertise and specialized knowledge. Lack of such knowledge and expertise may limit the adoption of parallel robots which may hinder the industry growth.

Market Developments

• May 2023- Rockwell Automation and Autonox Robotics announced a strategic partnership that will enable companies in North America, Europe, the Middle East, and Africa to explore new manufacturing possibilities by utilizing united robot control solutions.
• January 2023- Flexiv, a global leader in general-purpose robotics solutions, announced the launch of the Moonlight adaptive parallel robot, the latest addition to its product portfolio. Moonlight is the world's first force-controlled parallel robot, making it ideal for applications requiring accurate motion and force control such as screw fastening, ultra-accurate loading, and polishing.
• July 2022- ABB launched the IRB365, the fastest five-axis Delta robot for lightweight product picking, packing, and re-orientation. With ABB PickMaster Twin software, the IRB 365 can pick, reorientate, and place 1kg products at 120 picks per minute, and establishing time is reduced from days to hours.

Company Products

• M-10 Series Robot- Fanuc’s M-10 Series is the fastest handling robot in its class, delivering improved throughput and optimized cycle times throughout a wide range of pick, place, and machine tending operations. With a weight of only 130 kg, the M-10 can carry up to 12 kg of payload and possesses very high axis speeds and acceleration, resulting in high wrist movements.
• IRB 360 FlexPicker- ABB's IRB 360 FlexPicker is capable of the fastest-picking applications and is specially optimized for packing programs. The robot has outstanding motion efficiency with the shortest cycle times, precision accuracy for payloads ranging from 1 to 8kg, and reaches 1130 mm and 1600 mm, implying that there is an IRB 360 to suit nearly every requirement.
• MPP3S High-Speed Delta Robot- Yaskawa’s MPP3S delta robot is ideal for high-speed picking operations, with speeds of up to 150 cycles per minute (CPM) with a full 3 kg payload and up to 185 CPM with a 1 kg payload. Part acquisition and release take 0.04 seconds per cycle at the CPM rate and are highly accurate with a repeatability of 0.1mm. IEC61131-3 and PLCopen programming standards can be used to program and control the MPP3S.
• YF002N Pick & Place Robot- Kawasaki Heavy Industries YF002N pick and place robot is the smallest model in the Y series and can fit into small spaces. The high-speed Y series robots are suitable for material handling and assembly in a wide range of industries, such as pharmaceuticals, food, cosmetics, electronics, machinery, and solar panels.

Segmentation

• By Type
  • Standard Parallel Robots
  • Delta Robots
• By Component
  • Hardware
  • Software
• By Application
  • Picking & Packaging
  • Material Handling
  • Assembling
  • Sorting
  • Others
• By End- User
  • Automotive
  • Aerospace
  • Manufacturing
  • Electronics
  • Food & Beverage
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others