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Robotics End-Of-Arm Tooling (EoAT) Market to Grow by USD 1.05 Billion (2024-2028) Driven by Demand for Modular Solutions and AI Innovations

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global robotics end-of-arm tooling (eoat) market size is estimated to grow by USD 1.05 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.04% during the forecast period. Rise in demand for modular end-of-arm-tooling is driving market growth, with a trend towards use of fdm and additive manufacturing in end-of-arm-tooling manufacturing. However, high cost of deployment of industrial robots limiting demand for robotics end-of-arm-tooling poses a challenge. Key market players include ASS Maschinenbau GmbH, Barnes Group Inc., Coval Vaccum Technology Inc., Dover Corp., Effecto Group S.p.A., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., OnRobot AS, Piab AB, Robotiq Inc., RoboTool Inc., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., and Zimmer Group GmbH.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Material handling, Assembly line, Welding and soldering, Surface treatment and finishing, and Others), End-user (Automotive, Semiconductor and electronics, Food and beverage, Industrial machinery, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ASS Maschinenbau GmbH, Barnes Group Inc., Coval Vaccum Technology Inc., Dover Corp., Effecto Group S.p.A., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., OnRobot AS, Piab AB, Robotiq Inc., RoboTool Inc., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., and Zimmer Group GmbH

Key Market Trends Fueling Growth

During the forecast period, the robotics end-of-arm tooling market is anticipated to witness significant growth due to the increasing adoption of advanced manufacturing technologies like Fused Deposition Modeling (FDM) and additive manufacturing. FDM technology offers faster customization and the ability to incorporate complex components using durable and lightweight plastics, making it more advanced than traditional manufacturing methodologies. Additive manufacturing, on the other hand, ensures complex geometries and consolidated design features. Both FDM and additive manufacturing have undergone advancements, enabling customization and fast design cycles. Robai, a leading robotics manufacturer, and Stratasys, a prominent additive manufacturing solutions provider, have adopted these technologies to produce components tailored to end-user requirements. Compared to Computer Numerical Control (CNC) machines, these technologies are more efficient and offer cost savings and reduced delivery times. These advantages are expected to fuel the growth of the robotics end-of-arm tooling market during the forecast period. 

The Robotics End-Of-Arm Tooling (EOAT) market is experiencing significant growth due to increasing automation in various industries. Industrial robots, including robotic arms and manipulators, require EOAT to grasp, move, lift, weld, cut, and perform other tasks. Semiconductor, automotive, and aerospace industries are major consumers of EOAT. Trends include application insights for surface treatment, customised EOAT solutions, and collaboration with robots (cobots). New sectors like agriculture, healthcare, e-commerce, and logistics are adopting EOAT for precision gripping, vacuum and pneumatic suction, and welding applications. Robotics technology continues to evolve, with electric grippers, vision systems, and non-traditional sectors driving demand. EOAT includes grippers (vacuum, suction, precision, soft hand, and welding torches), sensors, and end effectors (suction cups, welding wands, screwdrivers). The market is expected to grow further with advancements in robotics technology and increasing demand from e-commerce and personalised medicine sectors. 

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Market Challenges

Industrial robots require additional investments in end-of-arm tooling (EoAT), including special-end effectors and enclosures, pushing up the average cost per implementation to approximately USD85,000. Beyond the initial investment, ongoing expenses such as preventive maintenance, safety measures, operator training, and complementary equipment add to the overall cost. These high switching costs have historically deterred some industrial players from automating their palletizing processes. Despite the short-term ROI, the commitment to long-term contracts with vendors for robot maintenance and replacement poses operational challenges. In extreme cases, replacing a robot could necessitate production line shutdowns, impacting product delivery and revenue. Consequently, high customer switching costs pose a significant obstacle to the growth of the robotic palletizing market.The Robotics End-Of-Arm Tooling (Eoat) market is experiencing significant growth due to the increasing automation in various industries. One of the main challenges in this field is ensuring real-time monitoring and data collection for optimal performance. In food processing, for instance, precise Eoat is essential to maintain product shapes and consistency. Advanced materials, such as stainless steel, aluminum, ceramics, carbon fibers, and composites, are commonly used to create durable, lightweight, and high-strength Eoat for robotics. Manufacturing sectors face challenges like precision welding, plasma cutting, and inspection, which require advanced Eoat solutions. Deburring tools, welding guns, sprayers, nozzles, cutters, grinders, drilling tools, and other Eoat are crucial for material handling and assembly lines. The use of collaborative robots (cobots) and sensor technologies enables adaptive gripping and object recognition, enhancing productivity and reducing manual labor and human errors. The market also includes modular and custom Eoat solutions for specific applications, such as welding torches and material removal torches, as well as tool changers. Overall, the Eoat market continues to evolve, addressing the needs of various industries and driving innovation in robotics technology.

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Segment Overview 

This robotics end-of-arm tooling (eoat) market report extensively covers market segmentation by

Application 1.1 Material handling1.2 Assembly line1.3 Welding and soldering1.4 Surface treatment and finishing1.5 OthersEnd-user 2.1 Automotive2.2 Semiconductor and electronics2.3 Food and beverage2.4 Industrial machinery2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Material handling- The Robotics End-Of-Arm Tooling (EoAT) market refers to the production and sale of devices that attach to robotic arms to enhance functionality. These tools include grippers, sensors, and effectors, enabling robots to perform various tasks such as assembly, welding, and material handling. Companies in this sector focus on innovation and customization to meet diverse industry requirements, ensuring increased productivity and efficiency for businesses adopting automation solutions.

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Research Analysis

Robotic end-of-arm tooling (EOAT) refers to the specialized components that attach to the end of a robot arm or manipulator in industrial automation applications. These tools enable robots to perform various tasks such as grasping, moving, lifting, welding, cutting, and more. EOAT includes a wide range of tools like grippers, vacuum cups, suction cups, mechanical grippers, deburring tools, welding guns, sprayers, nozzles, cutters, grinders, welding torches, screwdrivers, and more. These tools are essential for industrial robots to effectively and efficiently execute tasks in manufacturing, assembly, packaging, and other industries. Customized EOAT solutions cater to specific application requirements, while collaborative robots (cobots) use EOAT to work safely alongside human operators.

Market Research Overview

Robotics End-Of-Arm Tooling (Eoat) refers to the devices that attach to the end of a robot arm or manipulator to enable it to perform specific tasks in industrial automation. These tools include grippers, suction cups, vacuum cups, welders, sensors, and various cutting, drilling, and grinding tools. Eoat is essential for industries requiring precision, material handling, and automated processes, such as food processing, material removal, surface treatment, and welding. Advanced materials like stainless steel, aluminum, ceramics, carbon fibers, and composites are commonly used to manufacture Eoat due to their durability, lightweight, and high-strength properties. Eoat enables robots to grasp, move, lift, and manipulate objects with precision, reducing manual labor, human errors, material wastage, and logistics costs. In non-traditional sectors like agriculture, healthcare, e-commerce, and electronics, customized Eoat solutions are increasingly being adopted for tasks ranging from precision welding and plasma cutting to inspection, surgical assistance, and material removal. Collaborative robots (cobots) and modular robotics Eoat are also gaining popularity for their adaptive gripping, object recognition, and application insights capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMaterial HandlingAssembly LineWelding And SolderingSurface Treatment And FinishingOthersEnd-userAutomotiveSemiconductor And ElectronicsFood And BeverageIndustrial MachineryOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Tata Elxsi Launches Coalesce: An Innovative XR Platform for Digital Twins and Remote 3D Collaboration powered by the Snapdragon Spaces XR Platform

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SAN DIEGO and BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, announced the launch of Coalesce powered by the Snapdragon Spaces™ XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces [qualcomm.com]) from Qualcomm Technologies, Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction.

The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences.

Tata Elxsi’s Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures, and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation.

Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes.

Aditya S Chikodi, Vice President & Head – Industrial Design, Engineering, & XR, said, “Product design and engineering are taking a leap forward with augmented virtual reality and spatial computing. Coalesce introduces a revolutionary approach to digital twins and performance simulation, pushing the boundaries of XR in the product development process.”

Per Neilson, Senior Director, Product Management at Qualcomm Technologies, Inc., added, “Tata Elxsi is working to bring the Coalesce platform to market, empowering industries and executive workforce to collaborate and make real-time decisions in product design and enterprise simulated environments. We are excited to see this platform brought to Snapdragon Spaces.”

To see Coalesce in action, get in touch.

About Tata Elxsi

Tata Elxsi is a fully integrated global design and technology consultancy, creating innovative products, services and experiences to build brands and help businesses grow. It has a multi-disciplinary team of over 13,000 design researchers, strategists, product, UX/UI designers, technologists, and engineers. Tata Elxsi helps clients globally to bring new ideas and award-winning products and services to market. For over 30 years, we have been helping brands differentiate and win.

Tata Elxsi leverages its comprehensive AR/VR capabilities across various sectors, including engineering design and modelling, worker safety, medical training, and virtual showrooms. The company’s expertise in application development, platforms and devices, and service integration ensures robust support for dispersed teams. With advanced development processes and technologies such as AI/ML, GenAI, XR, Metaverse, Tata Elxsi offers end-to-end solutions and platforms to improve user engagement and experience, driving innovation and efficiency in spatial computing. For more information, visit www.tataelxsi.com

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon Spaces is a trademark or registered trademark of Qualcomm Incorporated.

Logo: https://mma.prnewswire.com/media/742257/4913784/Tata_Elxsi_Logo.jpg 

 

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SOURCE Tata Elxsi

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From India to the World: Global Startups Club’s International Expansion to Begin in Dubai & Abu Dhabi

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MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Global Startups Club, one of India’s largest and most active communities for early-stage founders, entrepreneurs, and investors, is expanding into international markets. With a strong commitment to supporting these startups, Global Startups Club has become a valuable resource, hosting offline networking meetups that connect founders, investors, and entrepreneurs. Building on its success in India, the club is now focusing on global markets, marking a new chapter in its mission to promote entrepreneurial growth. The club has created a network of over 12,000 startup founders, including more than 250 venture capitalists and investors, and thousands of budding entrepreneurs.

Global Startups Club’s international journey starts with major meetups in Dubai & Abu Dhabi, UAE, on 19th and 20th October, in partnership with Bon Conseil. These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections. Drawing on its experience in India, Global Startups Club aims to create an environment where entrepreneurs can learn from each other and explore opportunities for growth.

After launching in the UAE, the club plans to start community building in Canada in November, the United States in partnership with Maulik Mehta of MaShCube – Crossborder Tax Solutions, and the United Kingdom in March in partnership with Gisela Lyshetti of Market Forever Global – Digital Marketing Agency. These locations were chosen to engage with different startup ecosystems and support early-stage businesses looking to grow internationally. Each offline experience will be tailored to meet the needs of startups in these areas, focusing on bringing together investors, mentors, and entrepreneurs to help them succeed.

With an already well-established presence in more than 12 cities across India, Global Startups Club has built a strong community that supports startup founders through meetings and collaborative opportunities. These interactions help startups gain valuable insights and develop partnerships that lead to their success. Cities like Bengaluru, Hyderabad, and Mumbai have become hubs for the club’s vibrant activities, bringing together the brightest minds in the entrepreneurial ecosystem.

The club’s summit in Chennai, scheduled for December 7th, 2024, highlights its strong presence in India. The summit is expected to attract over 450 delegates, including startup founders, investors, and industry leaders from across the country. It will feature engaging panel discussions, keynote speeches, and interactive sessions, creating a platform for sharing ideas and driving growth. As Global Startups Club continues to support startups, this important summit will spark discussions about the future of entrepreneurship in India and worldwide.

As part of its growth plan, Global Startups Club aims to expand to over 15 cities in six countries within the next year. This expansion will focus on key startup hubs worldwide, enabling the club to connect early-stage founders with global investors, mentors, and business opportunities. By encouraging collaborations across borders, the club aims to help startups grow and succeed internationally.

Global Startups Club’s international expansion is a significant step in the journey as a key player in the startup ecosystem. With a strong reputation in India and a strategic move to enter global markets, the club is setting new standards for how startup communities can thrive and make a difference. By focusing on building connections, creating funding opportunities, and supporting talent across borders, the club is not only expanding its reach but also strengthening the global startup community overall.

As the club ventures into international markets, the gatherings in Dubai, UAE; Vancouver, Canada on November 16th; and Seattle, USA on November 30th will lay the foundation for a global network that supports the growth and success of startups everywhere.

About Global Startups Club:

Global Startups Club powered by Mojo Capital is not just an event. It’s an experience that fosters collaboration, innovation, and growth. As a startup networking ecosystem , we pride ourselves on creating dynamic platforms where entrepreneurs, investors, and industry experts converge to build meaningful connections.

Global Startups Club go beyond casual introductions. Our events feature curated networking sessions, ensuring meaningful connections that can fuel your startup journey. We believe in pushing boundaries! Our events incorporate innovative networking formats, from speed dating sessions to interactive workshops, providing diverse opportunities to connect.

For more details and to stay updated on upcoming opportunities, visit Global Startups Club: https://www.globalstartups.club/globalstartupsclub.

Photo: https://mma.prnewswire.com/media/2531989/Global_Startups_Club.jpg

 

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Sony Acquires KinaTrax, Inc. to Expand Its Sports Data Business into Player Performance

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– Marking a new expansion into the biomechanics and player performance space –

TOKYO and BASINGSTOKE, United Kingdom, Oct. 16, 2024 /PRNewswire/ — Sony Corporation (“Sony”) today announced that Sony welcomed KinaTrax, Inc. (“KinaTrax”), a leader in research-grade markerless motion capture technology for sports that collects in-game biomechanical performance data on athletes, into Sony’s sports businesses through a recent acquisition.

Joining forces with Hawk-Eye Innovations Limited (“Hawk-Eye”), a Sony group company that forms an integral part of Sony’s sports businesses, KinaTrax will bring its trusted biomechanical and analytical expertise, as well as its markerless motion capture technology to Sony’s portfolio and is expected to further create synergy to maximize the use of sports data for athletes, teams, leagues and fans alike.

Hawk-Eye, Beyond Sports and Pulselive form the core foundation of Sony’s sports businesses, with a shared commitment to deliver best-in-class officiating, broadcast and digital solutions to the sports world around sports data technologies. Welcoming KinaTrax bolsters Sony’s capability to serve important use cases for sports data, such as analysis and biomechanics for coaching, scouting and athletes’ performance.

Rufus Hack, CEO of Hawk-Eye, Pulselive and Beyond Sports stated: “By welcoming KinaTrax into the family, we are excited to further expand our offering, under our mission of unlocking the power and emotion of sport through data. We are incredibly privileged to partner with an overwhelming majority of the top global sports leagues, and this acquisition allows us to broaden our proposition through new biomechanical insights in the critical and growing field of player performance.”

Steven Cadavid, President of KinaTrax also said: “We’re excited to become part of Sony and its sports businesses, and to bring our know-how to complement the powerful tech Hawk-Eye, Pulselive, and Beyond Sports have developed and are delivering today. The future of sports is in deeper data tracking and the creation of smarter insights through innovative technology. With Sony, by enhancing KinaTrax’s expertise in capturing and delivering biomechanical performance data, we aim to contribute to provide sports leagues, teams and players with the best insights to improve performance and pursue success.”

KinaTrax, Inc.

KinaTrax provides professional and collegiate teams with game-changing insights focusing on teams’ most valuable asset: their athletes. The company delivers research-grade markerless motion capture technology that allows teams to collect in-game biomechanical performance data. The camera systems are currently deployed in over 75 stadiums and labs across MLB, MiLB, and NCAA organizations, and are expanding into other sports leagues.

The comprehensive sets of tools for data capture and analysis are operationalized for daily use by players, GMs, coaches, trainers, medical staff, and researchers, providing value that goes beyond traditional scouting, training, and rostering.

About Sony Corporation
Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to “create the future of entertainment through the power of technology together with creators,” we aim to continue to deliver Kando* to people around the world. For more information, visit: http://www.sony.net/

*Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.

About Hawk-Eye Innovations Limited
Hawk-Eye has been at the forefront of sports officiating and broadcast enhancement technology since 2001. The world’s biggest sporting events trust Hawk-Eye to make the right call when it matters most.

Hawk-Eye’s vision-processing, video replay and creative graphic technologies make sport fairer, safer, more engaging and better informed. Hawk-Eye’s innovations are constantly changing the face of sports officiating, production, content management, and fan engagement in every sport.

Hawk-Eye forms a key part of Sony’s sports businesses with a shared mission to deliver best-in-class officiating, broadcast and digital solutions to the sports world.

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SOURCE Sony Corporation

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