Polar Robots Market Size, Share, Opportunities, And Trends By Component (Hardware, Software), By Application (Assembly Operation, Casting & Material Handling, Arc Welding, Spot Welding, Others), By End-User (Automotive, Industrial, Aerospace, Manufacturing, Others), And By Geography - Forecasts From 2024 To 2029

The polar robots market is projected to show steady growth during the forecast period.

Polar robots are a type of industrial robot that consists of a rotating base, robotic arms, and a wrist with multiple degrees of freedom, allowing them to move in three dimensions. Its design is beneficial for specific tasks such as assembly, pick-and-place, and material handling. The specific design enables these robots to have a wide range of motion and perform complex tasks in various sectors such as automotive, industrial, aerospace, and manufacturing. The establishment of new manufacturing facilities and technological advancement in robotics contributed to the polar robots market growth.

Market Drivers

• Automotive manufacturing plant establishment propelled the polar robots market growth.

Polar robots have revolutionized automotive manufacturing as they are equipped with cutting-edge technology which can navigate in a variety of directions, providing unparalleled flexibility in the automotive manufacturing process. They can perform complex tasks such as welding, painting, and assembling components with remarkable speed and accuracy, which makes them ideal for the automotive industry. The growing global demand for vehicles, fuelled by increasing populations and urbanization, is driving the establishment of new automotive manufacturing plants. For instance, in September 2023, Lucid Group officially opened Saudi Arabia's first car manufacturing facility which produces the company's groundbreaking electric vehicles for Saudi Arabia as well as exports them to other markets.

• Growing aircraft production facilities prominently propels the polar robots market growth.

Polar robots are known to be essential machinery in the aircraft industry as these versatile machines play an important role in various stages of production, improving efficiency and accuracy. Polar robots excel at various tasks such as welding and assembling aircraft components, as they are equipped with advanced functionalities and artificial intelligence algorithms. With their multi-axis movements and high payload capacities, they can easily handle heavy parts, lowering the risk of human error and increasing productivity. Growing aircraft manufacturing and new facilities establishments have stimulated the overall market growth. For instance, in October 2023, Beta opened an electric aircraft manufacturing plant at Patrick Leahy Burlington International Airport in Vermont which is capable of producing 300 aircraft per year.

• Technological advancements in robotics bolster the polar robots market growth.

Polar robots are featured with numerous features and capabilities, and with technological advancements, their capabilities have extended including improved sensor capabilities, enhanced artificial intelligence, machine learning algorithms, and efficient power systems. These technological advancements make polar robots reliable, precise, and versatile, resulting in increased adoption in several industries. For instance, FANUC America Corporation offers the CRX-10iA Cobot, which is the perfect solution for manufacturers, and is a power-efficient robot that runs on standard 120V power.

Asia Pacific is projected to grow significantly.

Asia Pacific is anticipated to account for a significant share of the polar robots market due to the establishment of manufacturing facilities in the region. For instance, in December 2023, Mitsubishi Electric established a manufacturing facility for advanced factory automation systems in Talegaon, Maharashtra. Additionally, in June 2023, Garrett Motion celebrated the opening of their Wuhan automotive plant in Hubei, China. Moreover, in November 2023, Polestar expanded its automotive manufacturing footprint in South Korea by announcing to establish a manufacturing facility that produces Polestar 4 vehicles. The facility is set to get started in Busan in 2025.

Market Restraints

• Limited payload capacity will restrain the polar robots market growth.

Polar robots have a lower payload capacity than other robotic configurations due to their mechanical design. This could be a disadvantage for tasks that require lifting heavy parts or objects, limiting their adoption in various sectors and hindering market growth.

Market Developments

• November 2023- Universal Robots, a Danish collaborative robot (cobot) manufacturer, announced the addition of a new 30 kg payload cobot UR30 to its leading product portfolio. UR30 provides exceptional lift, and its superior motion control ensures precise placement of large payloads, allowing it to operate at higher speeds and lift heavier loads.
• August 2023- OMRON, a leading provider of end-to-end industrial automation solutions, introduced the new OMRON TM20 cobot, which comes with a payload of 20 kg. The new cobot can handle heavy payloads and automate tasks like palletizing, machine tending, and material handling.
• November 2022- Techman Robot announced the launch of its TM AI Cobot series which is a collaborative robot that combines a powerful and precise robot arm with a native AI inferencing engine and smart vision system in a single package that is ready for deployment in factories, increasing the transition to Industry 4.0.

Company Products

• COBOTTA PRO 900- DENSO Robotics offered COBOTTA PRO 900, which is intended not only to facilitate collaboration between human workers and robots but also to continually maximize productivity. It provides an appropriate amount of productivity and safety for both simple tasks and complex processes such as assembly and inspection work. COBOTTA PRO 900 features a maximum arm reach of 908mm and a maximum payload of 9kg.
• CRX-5iA- The CRX-5iA Collaborative Robot provided by FANUC with a 5kg payload and 994mm reach, is ideal for producers with no previous robotic experience. It consists lightweight and compact Cobot design that enables simple integration into any work area or existing system and runs on standard 120V power with high-speed Mode 2000 mm/sec.

Segmentation

• By Component
  • Hardware
  • Software
• By Application
  • Assembly Operation
  • Casting & Material Handling
  • Arc Welding
  • Spot Welding
  • Others
• By End-User
  • Automotive
  • Industrial
  • Aerospace
  • Manufacturing
  • 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