Electronics businesses will be able to innovate more because of the rise in automation because it will be easier and less expensive for them to create prototypes. Throughout the whole manufacturing cycle, robots can be utilised for tasks like assembly, dispensing, milling, inspecting, packaging, and palletizing. The push for robotics is also being aided by improvements in end effectors and vision systems. The majority of the job that industrial workers in the electronics sector currently do is still repetitive and redundant, such hand assembly and tooling. Robotics investments will alter the expectations imposed on employees, allowing them to concentrate on high-importance jobs like final inspection and quality control. These robots can be reprogrammed for different tasks once their use in a particular application is complete since they are simpler to programme. As a result, since the product cycles for electronics sometimes only last a few months, robots offer flexibility and reusability. Specialized robots have been created by some businesses. As an illustration, the KR 3 AGLIUS by KUKA (Germany) is designed for quick cycle times in tasks like handling displays and circuit boards, handling micro screws, and polishing smartphone cases.
The industrial robots market is anticipated to increase at a CAGR of 12.3% from 2021 to 2026, reaching a value of USD 75.3 billion. On the basis of Type, Component, Payload, Application, Industry, and Region, the Industrial Robotics Market is segmented. Due to their adaptability, these robots are used for both new and old applications, leading to their widespread adoption. These elements have played a crucial role in propelling the industrial robots market’s expansion. The COVID-19 epidemic had a detrimental influence on the industrial robotics business in 2019, as China had been the leading market for industrial robots (40–50 percent share) for at least the previous five years. For instance, FANUC (Japan) reported in March 2020 that its ROBOT division’s revenue fell 6.9 percent in 2019 compared to 2018. Industrial robots were slowly installed in a number of important industries, including automotive, electrical and electronics, metals and metallurgy, as a result of the COVID-19 epidemic. However, the situation would improve over 2020 in Q1 2021, and it is anticipated that things will return to normal by the end of 2022.
Projects involving robotic automation can be difficult, especially for businesses with little to no experience. Not only is a significant monetary investment necessary to buy the robot, but it is also necessary for integration, programming, and maintenance. In some circumstances, a custom integration might be necessary, which would increase overall costs. It’s possible that businesses don’t always have the equipment and space needed to deploy robots. Return on investment (ROI) can be difficult for SMEs because they often produce in modest volumes. During the projection period, the articulated robot of conventional industrial robots is anticipated to hold the greatest market share, both in terms of value and volume.