Global Robotic Gripper Market to Grow Substantially Across Asia
Oleh : Candra Mata | Rabu, 18 Desember 2019 - 14:20 WIB
INDUSTRY.co.id - Singapore, A study by Future Market Insights predicts that the global robotic gripper market will experience substantial growth over the next 10 years, driven by the use of innovative solutions, the rise in applications as well as the growth in end-use industries.
The market, valued at USD 1 billion in 2018, is projected to increase at a CAGR of 10 percent between 2019 and 2029.
The growth is expected to be dominant in the automotive, electronics and semiconductor industries and in Asia, specifically East Asia and Southeast Asia, owing to the rapid growth of factory automation.
James Taylor, General Manager, APAC at OnRobot, said: “The roll-out of VGC10 is timely as Southeast Asian countries are embracing robotic automation at an impressive pace. Thailand, Singapore, Vietnam, Malaysia and Indonesia are ranked among the 30 largest industrial robot markets in 2018 with 87,100 operational robots. The VGC10 continues our commitment to help local manufacturers embrace automation easily and enjoy quicker returns through its flexible and compact nature, speedy deployment process and increased power”.
Established in 2015, the company merged with Perception Robotics and OptoForce in 2018, followed by an acquisition of Purple Robotics a few months later.
In April 2019, OnRobot acquired the intellectual property of Blue Workforce, a Danish company making grippers and a vision system. Now, the OnRobot product range features a wide assortment of end-of-arm tooling, including: electric grippers, force/torque sensors, a vacuum gripper, the award-winning Gecko Gripper, and tool changers.
This new combination of offerings from OnRobot makes it quicker and simpler to automate tasks such as packaging, quality control, materials handling, machine tending, packaging, assembly, and surface finishing. The company plans to grow through further acquisitions in the coming years.
Headquartered in Odense, Denmark, OnRobot also has offices in Dallas, Soest (Germany), Barcelona, Warsaw, Shanghai, Tokyo, Seoul, Singapore and Budapest.