In 2018, the global market for Cartesian robots was valued at approximately US$ 45,840.3 million and is projected to experience a compound annual growth rate (CAGR) of 11.9% from 2019 to 2027, ultimately reaching around US$ 15,007.9 million by 2027.
The Cartesian robot sector is set to expand significantly in the upcoming years, primarily due to various governments in developing nations actively seeking foreign direct investments (FDI). This initiative aims to streamline labor-intensive and repetitive tasks across different industries, enhancing efficiency and accuracy. Furthermore, there is a surging demand for 3D vision technology among end users, which is driving manufacturers to innovate and create advanced software and hardware solutions for Cartesian robotic systems. When integrated with machine vision software like RoboRealm and Visionscape, 3D vision systems significantly improve the operational capabilities of vision-guided Cartesian robots during task execution. These robots, equipped with machine vision software, are ideal for a variety of applications, including pick and place, bin picking, welding, assembly, racking, dispensing, and product sorting. The advantages offered by 3D vision technology, combined with machine vision software, are leading to increased adoption of these advanced technologies, thereby propelling the global Cartesian robots market.
In terms of industry sectors, the global Cartesian robots market is categorized into several verticals, including manufacturing, automotive, electrical & electronics, food & beverages, chemical & petrochemical, and others. Notably, the electrical & electronics segment is anticipated to grow at a CAGR of 13.5% throughout the forecast period. This segment was valued at US$ 1,124.9 million in 2018 and is expected to reach US$ 3,253.4 million by 2027. The volatile nature of consumer electronics markets, coupled with rapidly changing consumer demands, has left manufacturers with little margin for error. Consequently, consumer electronics producers are increasingly seeking high-precision tools and processes to incorporate into their manufacturing workflows. The rising demand for devices such as smartphones, laptops, tablets, and smartwatches has prompted the manufacturing sector to enhance its production capabilities. According to Moore's Law, the size of integrated circuits (ICs) decreases approximately every two years, facilitating the use of Cartesian robots for working with nanoscale structures. Processes such as circuit board creation, part insertion in injection molding, final assembly, CNC operations, and metal stamping are among those likely to be automated by electronics manufacturers. Effective automation of these processes requires a robot system that offers exceptional flexibility, speed, and precision. However, the return on investment (ROI) remains a challenge for market growth in the electronics sector. As the costs of Cartesian robots continue to decline, the market is expected to gain momentum in the coming years.
The automotive industry has been one of the first to adopt Cartesian robots within its assembly lines and production processes. Original Equipment Manufacturers (OEMs) and parts manufacturers in the automotive sector are increasingly utilizing robotics to meet demand and uphold product quality. The integration of robotics helps reduce human error in assembly lines, thereby minimizing the need for human intervention and lowering risks for workers. The mass production of vehicles has further accelerated the adoption of robotics in manufacturing processes. Cartesian robots are known for their high precision and repeatability, which are extensively leveraged in automotive assembly lines.
Key players in the global Cartesian robot market include ABB Ltd., Aerotech Inc., Akribis Systems, Bosch Rexroth AG, Denso Corporation, Epson America Inc., Gudel Group AG, KUKA AG, MKS Instruments Inc., Suruga, and Yamaha Motor Co., Ltd., among others. These companies are significantly contributing to the growth of the Cartesian robot market.
The overall size of the global Cartesian robot market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the Cartesian robot market. Additionally, numerous primary interviews are conducted with industry participants and experts to validate the data and analysis. Participants typically include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the Cartesian robot market.