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

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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.

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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

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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/

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Anterix Announces Tom Kuhn as Chairman of the Board of Directors as Morgan O’Brien Retires After More Than 12 Years on the Board

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WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ — Anterix (NASDAQ: ATEX) (“the Company”) announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1st, as the end of 2024 marks the anticipated retirement of Morgan O’Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O’Brien will continue as an advisor.

“Anterix and our nation’s utilities have benefited greatly from Morgan’s tremendous leadership and counsel during his tenure and his impact on the Company cannot be overstated,” said Tom Kuhn, Vice Chairman of the Board. “I am honored to be named Chairman of the Board during this important time in the Company’s evolution and look forward to supporting the Company’s efforts to drive significant growth and value creation for the benefit of all Anterix stakeholders.” 

“Morgan has been a true thought leader in our industry. On behalf of the Board and management team, I want to extend our sincere gratitude to him for his steadfast leadership and innovative vision,” said Scott Lang, Anterix President and Chief Executive Officer. “I also want to congratulate Tom on his new role, and I look forward to working with him and the rest of the Board to realize the next chapter of the Company.”

“The last 12 years have been an amazing journey. As a result of the success Anterix has already achieved, the Company is well positioned to continue in its mission of transforming our nation’s energy sector with the power of connectivity,” said Morgan O’Brien. “I am confident that under the leadership of Scott Lang and Tom Kuhn, the Company will achieve great results.”

Kuhn has served on Anterix’s Board of Directors since January 2024 and prior to that spent more than thirty years as President and CEO of the Edison Electric Institute (“EEI”), the trade association representing U.S. investor-owned electric utilities.

O’Brien has served as an executive leader with the company for more than 12 years in roles spanning from President and CEO of the Company to Executive Chairman of its Board of Directors.

About Anterix Inc. 

At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable private LTE solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Shareholder Contact 

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

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SOURCE Anterix Inc.

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Capital Group Canada Announces Final Cash Distributions for the Capital Group Canada ETFs (CAPG, CAPI, CAPM, CAPW)

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TORONTO, Dec. 30, 2024 /CNW/ – Capital International Asset Management (Canada), Inc. (“Capital Group Canada”) today announced the final December 2024 cash distributions for the Capital Group Canada ETFs listed below.

Unitholders of record on December 30, 2024, will receive cash distributions payable on January 3, 2025. Please be advised that the distributions announced in this press release replace those stated in the December 19, 2024, press release for these funds.

Details of the “per unit” distribution amounts are as follows:

Capital Group Canada ETF

Ticker
symbol

Distribution
per unit ($)

CUSIP

ISIN

Payment
frequency

Capital Group Global Equity
Select ETF™ (Canada)

CAPG

0.003119

14021V107

CA14021V1076

Annually

Capital Group International
Equity Select ETF™ (Canada)

CAPI

0.017656

14021W105

CA14021W1059

Annually

Capital Group Multi-Sector
Income Select ETF™ (Canada)

CAPM

0.142857

14021Y101

CA14021Y1016

Monthly

Capital Group World Bond
Select ETF™ (Canada)

CAPW

0.109468

14021X103

CA14021X1033

Monthly

For more information on the Capital Group Canada ETFs, visit: www.capitalgroup.com/ca/en

About Capital Group

Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, the Capital Group organization has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of September 30, 2024, Capital Group manages more than US$2.8 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital Group organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

Commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

SOURCE Capital Group Canada

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Bright Light Solutions and 365 Retail Markets Announce Strategic Partnership

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Collaboration Paves the Way for Industry-Leading Innovation

TROY, Mich., Dec. 30, 2024 /PRNewswire/ — Bright Light Solutions (BLS) and 365 Retail Markets today announced a strategic partnership to drive innovation and deliver transformative solutions to the market. This collaboration leverages the combined expertise of BLS Engineering and 365 Engineering, led by Anton Rakushkin, to develop cutting-edge technologies that will redefine industry standards.

BLS and 365 look forward to engaging in this partnership and are confident it will yield significant success and deliver substantial value to both companies and our customers.

About Anton Rakushkin
Mr. Rakushkin, founder of BLS, brings twenty years of experience in retail technology to 365 Retail Markets, including time with Streamware Corporation and Crane Connectivity Solutions. He holds impressive accomplishments in the areas of vending management, including the architecture of Vendmax, an extensively used VMS system across the industry. His achievements also include innovations around data exchange and tools for operator success such as industry-first pre-kit and dynamic scheduling features. Rakushkin has had notable success working closely with both customers and other solution providers to create widely adopted industry standards.

CONTACT:   
Navreet Gill
VP of Marketing & Communications, 365 Retail Markets
navreet.gill@365smartshop.com

About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company’s technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, hospitality settings and more, in order to provide compelling foodservice options for consumers. 365’s technology solutions include a growing suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.  

For more information about 365 Retail Markets, visit www.365retailmarkets.com and connect on Facebook, Twitter, YouTube, and LinkedIn 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bright-light-solutions-and-365-retail-markets-announce-strategic-partnership-302340415.html

SOURCE 365 Retail Markets, LLC

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