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The articulated robots market size is forecast to increase by USD 15.91 billion at a CAGR of 16.8% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of automation in various industries, particularly in microelectronics, heavy parts handling, and labor-intensive tasks such as material handling, welding, and painting. The benefits of articulated robots, including their flexibility and ability to work in confined spaces, are driving this trend. Additionally, the emergence of open-source articulated robots is increasing competition with traditional robots like SCARA robots, offering cost-effective solutions for businesses. Microelectronics industries, in particular, are leveraging the advanced capabilities of articulated robots for precision tasks, while material handling and manufacturing sectors are adopting these robots for efficient and cost-effective production processes. The market is expected to continue its growth trajectory, as businesses seek to improve productivity, reduce labor costs, and enhance product quality.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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