Connect with us

Technology

SCARA Robot Market to Transcend USD 23.91 Billion Valuation by 2031, Rise of Automation in Different Industries to Propel Market Expansion| SkyQuest Technology

Published

on

WESTFORD, Mass., July 5, 2024 /PRNewswire/ — According to SkyQuest, the global SCARA Robot Market size was valued at USD 10.17 billion in 2022 and is poised to grow from USD 11.17 billion in 2023 to USD 23.91 billion by 2031, growing at a CAGR of 10.3 % during the forecast period (2024-2031).

Selective Compliance Assembly Robot Arm (SCARA) robots are gaining massive popularity in the manufacturing and assembly industries for their high accuracy and efficiency. The growing use of automation in the logistics industry and advancements in robotics technologies are forecasted to alter the global SCARA robot demand outlook going forward. The global SCARA robot market is segmented into payload capacity, axis type, application, industry, and region.

Download a detailed overview:
https://www.skyquestt.com/sample-request/scara-robot-market

SCARA Robot Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 11.17 billion

Estimated Value by 2031

$ 23.91 billion

Growth Rate

Poised to grow at a CAGR of 10.3%

Forecast Period

2024–2031

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Payload Capacity, Axis Type, Application and Industry

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

High demand for collaborative SCARA robots

Key Market Drivers

High emphasis on improving manufacturing efficiency and advancements in robotics technology

Segments covered in SCARA Robot Market are as follows:

Payload CapacityUp to 5.00 kg, 5.01–15.00 kg, and more than 15.00 kgAxis Type3- Axis SCARA Robot, 4- Axis SCARA Robot, 5- Axis SCARA Robot, 6- Axis SCARA Robot, and OthersApplicationHandling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and OthersIndustryElectrical & Electronics, Automotive, Metals & Machinery, Food & Beverages, Pharmaceuticals & Cosmetics, and Others

Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/scara-robot-market

SCARA Robots with a Capacity of Up to 5 kg Remain Popular Due to Their High Versatility

From small to large industries, all can utilize a SCARA robot with a payload capacity of up to 5 kg. This high versatility of SCARA robots falling under this category is what allows this segment to bring in the most revenue for market players. Development costs of such robots are low and give manufacturers a chance to maximize their profit margins whilst keeping up sales. New as well as established companies can target the development of SCARA robots of up to 5 kg capacity in the future. 

SCARA robots with a bigger capacity of 15 kg or more are projected to witness a robust hike in demand as automation in heavy industries picks up pace. High investments in automating heavy industries and the growing availability of SCARA robots with bigger payload capacity will help this segment bring in substantial revenue over the coming years. Automotive and electronics industries are projected to be key end users of SCARA robots with a payload capacity of more than 15 kg.

SCARA Robots Used for Assembling Applications Owing to High Accuracy and Efficiency

Growing automation of assembly lines in multiple industries around the world is projected to bolster sales of SCARA robots going forward. Assembly and disassembly operations are usually repetitive and this is why programmable robots can be used instead of humans for them. SCARA robots have high precision and this is why they are perfectly suited for assembly applications. The increasing need for productivity and efforts to eliminate human errors are other factors that promote SCARA robot demand for assembly and disassembly applications.

View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/scara-robot-market

4-Axis Robot Sales to Flourish Due to Their High Accuracy and Low Maintenance

As the name suggests, 4-axis robots are capable of operating on all 4 axes, which makes them highly versatile for different industrial operations. 4-axis robots are highly flexible and this is why they can perform operations in a much more precise manner. Low maintenance and high-speed operation of this type of robot will also be a key factor that pushes SCARA robot companies to target their development and sales. 

Industry 4.0 and automation trends will be crucial in powering the sales of SCARA robots over the coming years. SCARA robot manufacturers need to focus on innovation and incorporate advanced technologies to make their products more effective and productive. Developing robots for assembly and pick & place applications will be the way to go for new and established SCARA robot suppliers. Targeting the automotive industry and developing SCARA robots with high payload capacity will also create new rewarding opportunities for market players in the long run.

Related Reports:

Robotics Market

Service Robotics Market

Delivery Robots Market

Warehouse Robotics Market

Smart Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/scara-robot-market-to-transcend-usd-23-91-billion-valuation-by-2031–rise-of-automation-in-different-industries-to-propel-market-expansion-skyquest-technology-302189932.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The Ar-King of Spirits: Ed Arking’s Impact on the Liquor Industry

Published

on

By

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

MOORESTOWN, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — Served Neat is an emerging online platform with a curated selection of some of the world’s most popular luxury spirits. The website offers daily flash deals that highlight a variety of high-end international brands including Pappy Van Winkle, Buffalo Trace, Clase Azul, and more.

“While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Ed and Joe Arking, the father-son team behind the concept of Served Neat, have decades of experience hand-selecting and supplying sought-after liquors. Ed Arking, CEO of New Jersey’s Roger Wilco, grew up in the world of wine and spirits and formed his own business aspirations.

“Growing up, I watched my father navigate and succeed in the ever-evolving wine and spirits industry,” Ed explains. “While I always aspired to create something similar, I knew I needed to wait for the right moment.” Ed has gone on to manage his own liquor store and lead projects for up-and-coming brands, such as the vodka-infused and non-carbonated Smooth Water.

As he evolved in his career, Ed discovered the perfect time to make his lifelong vision a reality. He recalls, “I noticed a gap in the market—especially for whiskey and tequila. These categories have surged in popularity, making it difficult for the everyday consumer to find those elusive sought-after allocated bottles.”

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

When it comes to Served Neat, quality and knowledge is key. Ed adds, “While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Served Neat is the sister company to WTSO and The Wine Market, two online platforms dedicated to sourcing and distributing top-notch wines from every corner of the globe.

At The Wine Market, an online marketplace for the world’s most popular wine brands, convenience and quality are key. Each bottle in their curated collection is a testament to exceptional flavor and craftsmanship.

Since 2006, WTSO has enjoyed creating a unique wine experience and sharing it with new beginners and seasoned connoisseurs alike. Using an extensive network of wineries and wine makers, WTSO connects customers to thousands of brands from top wine appellations around the globe. The strong relationships they’ve formed within the wine world allow the business to deliver authentic and high-quality bottles to homes across the United States.

Wine and spirits lovers alike are invited to explore Served Neat, WTSO, and The Wine Market to find their next favorite bottle. Visit their websites to learn more about these one-of-a-kind online marketplaces!

Media Contact

Julie Blount, WTSO, 1 8669572795, marketing@wtso.com

View original content to download multimedia:https://www.prweb.com/releases/the-ar-king-of-spirits-ed-arkings-impact-on-the-liquor-industry-302254517.html

SOURCE WTSO

Continue Reading

Technology

Compete for $150K Prizes: Join Spatial Joy 2024 The Global AR Application Development Championship

Published

on

By

HANGZHOU, China, Sept. 21, 2024 /PRNewswire/ — Spatial Joy 2024 The Global AR Application Development Championship is now open for registration! Organized by Rokid, a global leader in human-computer interaction through augmented reality, this championship invites AR developers globally to harness voice, gesture, and visual AI technologies to create groundbreaking AR experiences. Powered by the self-developed YodaOS-Master operating system, Rokid AR glasses deliver exceptional spatial computing performance.

What is Spatial Joy 2024 about?
In September 2022, Rokid kicked off its first AR Application Development Championship. The second championship, held last year in collaboration with Unity and Agora, quickly established itself as the largest AR application development event in China. As Rokid celebrates its 10th anniversary this year, we are excited to present “Spatial Joy,” our newly branded global championship, open to developers worldwide for the first time, and positioned as the flagship event in the AR industry.

Why join Spatial Joy 2024?

Compete for a $150,000 prize poolFree access to Rokid AR Lite or Rokid AR studioDiscounted rates on purchasing Rokid productsFree participationTechnical support from Unity and AgoraInternational exposure within the AR industryOpportunity to attend the award ceremony in China

Who can participant?
The championship is open to global AR developers of all levels, including students, independent developers, teams, and professionals across sectors such as healthcare, retail, education, gaming, entertainment, lifestyle, and more.

How to register?
Detailed registration guidelines and requirements are available online at [https://t.rokid.com/iwvwcxkn]. Developers can register and submit their projects through Rokid official website at [www.global.rokid.com].

Spatial Joy 2024 Timeline:

Registration Deadline: October 16, 2024Final Project Submission Deadline: November 15, 2024Finalists Announcement: December 27, 2024Award Ceremony: January 11, 2025

About Organizer
Rokid has expanded its global presence, making notable progress in key markets across North America, Europe, and Asia, including a successful campaign on Kickstarter. With a decade of expertise, Rokid has revolutionized AR technology, transforming how users interact with both digital and physical environments.

Join us in shaping the future of AR with Rokid – enter Spatial Joy 2024 The Global AR Application Development Championship Now!

View original content to download multimedia:https://www.prnewswire.com/news-releases/compete-for-150k-prizes-join-spatial-joy-2024-the-global-ar-application-development-championship-302254807.html

SOURCE Rokid

Continue Reading

Technology

Summit of Whose Future? Girls Have the Answers: Leaders Must Listen

Published

on

By

Young Women Activists Launch “What Girls Want,” Demand World Leaders Put Girls at the Center of Summit of the Future 

NEW YORK, Sept. 21, 2024 /PRNewswire/ — Today in New York, more than 50 young women from around the world – including Nobel Prize Laureate Malala Yousafzai – gathered to take government to task for failing to prioritize girls and young women in the upcoming Summit of the Future. The group is backed by acoalition of girl-centered non-profit organizations, institutions, and funds who synthesized the demands of girls at www.whatgirlswant.com.

At a demonstration near the UN, alongside life-size cutouts of world leaders dressed ironically as “girl experts”, the activists delivered a strong message: world leaders aren’t the experts on what girls want for their futures – girls are. 

Eylül Erçin, 19, from Türkiye, shared: “The time has passed for girls and young women to be treated as mere afterthoughts. Leaders must include us in the foundational design of these processes, ensuring that our priorities are integrated into shaping the future we will inherit. Anything less is unacceptable.”

Today’s event is about more than calling out a process failure. Girls i from around the world delivered a forward-looking call to action this week. They expect governments, institutions, and community leaders to step up and help shape a more equitable future.

Alongside fellow activists, Malala said: “Even at 27, I know better than to assume I understand best what girls want. Everywhere I go, girls are eager to share their vision for their futures. As adults, it is our job to listen, fund their work and follow their lead. It is not too late for world leaders to do right by girls. They can start by prioritizing their demands in tomorrow’s final Summit deliberations and by investing resources to match their words.”

The evidence is clear: investing in girls and delivering on their rights transforms economies, societies, and the environment, advancing the SDGs and building a future that girls deserve.

About What Girls Want 

This effort was produced by a collaboration of girl-centered organizations, institutions, funders, and allies. The campaign is anchored around work to collate insights, data, and stories from 20+ public consultations with girls and young women over the past decade, driven by a shared desire to center girls’ demands in spaces where they are being ignored. 

Contact:

whatgirlswantpress@gmail.com

nate.powers@edelman.com

Logo – https://mma.prnewswire.com/media/2384993/Women_Deliver_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/summit-of-whose-future-girls-have-the-answers-leaders-must-listen-302254570.html

Continue Reading

Trending