According to ARC Advisory Group research, the worldwide Programmable Logic Controllers (PLC) and PLC-based PACs market returned to a reliable, mid-single-digit growth in 2022. However, this growth behavior masks a combination of market dynamics of price hikes, currency fluctuations, and large backorders. Much of the growth was due to inflation-induced price hikes imposed by suppliers in 2021 and 2022, as well as to the enormous backlogs accrued by suppliers due to chip shortages. ARC's PLC research tracks shipments and not orders, and many suppliers shipped PLC systems in 2022 that had been ordered the previous year with long lead times. Finally, currency fluctuations played an outsized role in stymieing market growth measured in US dollars.

"The Industrial Internet of Things (Industrial IoT) is changing how industrial processes are controlled and monitored, but PLCs are growing with and adapting to new challenges rather than being replaced by alternate technologies. Despite threats from contemporary technologies, the classic PLC continues to be the preferred choice among machine builders and end users to control industrial machinery and processes, as well as in infrastructure applications. Based on established industrial technology, PLCs are valued for their speed, repeatability, reliability, and ease of deployment and maintenance. These characteristics are difficult to achieve with other technologies," according to David Humphre, Research Director and key author of ARC's PLCs and PLC-based PACs Market Research.

Programmable Logic Controllers Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Communications Become More Standardized and Universal 
• Connect to the Cloud
• Expect More Frequent Migration 
• More IO to Gather More Information 
• MTP Adds Flexibility and Scalability 
• PLCs Go Industrial IoT
• Software-defined Everything

Leading Suppliers to the Programmable Logic Controllers Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric, Siemens.

About the Programmable Logic Controllers Research

The Programmable Logic Controllers research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Customer Type, Machinery by Segment, Sales Channel, Revenue Category, Hardware by Type, Controller by Type, Software by Component, Service Revenues by Type, PAC and Standard PLCs.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Despite supply chain challenges, ongoing economic uncertainty, and rising energy and the prices of raw materials, the global Distributed Control Systems (DCS) market did provide some pockets of opportunity for suppliers. Governments around the world showed an increasing appetite toward investing to become less dependent on unreliable foreign suppliers of energy. This increased focus on energy security, and helped drive investment activity in nuclear, LNG, and even fossil fuel power plants. Sustainability goals and environmental, social, and governance (ESG) mandates have taken the forefront of every business sector. For many of the heavy process industries, decarbonization impacts the entire value chain, including raw materials, manufacturing products materials and components, as well as consumption by consumers and disposal.

"Leading chemical R&D groups are now making investments in advanced chemical recycling along with the help of several smaller engineering firms (startups). Processes such as depolymerization and improved pyrolysis technologies to turn mixed plastic waste into naphtha or pyrolysis oil, which can be cracked into petrochemicals and plastics, will eventually decrease in cost, and become more easily scalable and economically viable. Over time these methods of advanced recycling will continue to be more cost effective. Key drivers for investments are to satisfy customer buying preferences and access to new markets," according to Harry Forbes, Director of Research and key author of ARC's Distributed Control Systems Market Research.

Distributed Control Systems Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Beyond Main Automation Contractor 
• Compute Is Moving to the Edge 
• Configurable/Characterizable I/O 
• Higher Levels of Cybersecurity
• Industry 4.0 and NAMUR Open Architecture (NOA) 
• Modular Automation
• Operational Technology (OT) and Information Technology (IT) Convergence 
• Remote Operations Management
• Software Convergence
• Software-defined Process Automation 
• Virtualization

Leading Suppliers to the Distributed Control Systems Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Emerson Automation Solutions, Honeywell, Siemens, Yokogawa.

About the Distributed Control Systems Research

The Distributed Control Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Scope of Research, Application Type, Customer Type, Hardware by Type, System Size, Industry, Project Type, Revenue Category, Sales Channel, Service Revenues by Type, Unit Type Total, World Region, World Region Total.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

ARC Advisory Group’s new research on the low voltage controlgear (LVCG) market makes it evident that in today‘s digital and automated world, LVCG components are quietly revolutionizing industries. These components, often overlooked, have become the backbone of modern industrial operations, driving progress in various ways. As industries embrace innovation and transformation, low voltage controlgear components will play an even more crucial role, ensuring efficient, safe, and smart industrial operations. It is time for industries to recognize.

"As the world shifts to renewable energy, low voltage controlgear is at the forefront. It facilitates the integration of solar panels, wind turbines, and battery storage systems, managing diverse energy sources efficiently and promoting sustainability. One-size-fits-all is a thing of the past. LVCG components offer customization and modularity, meeting unique operational needs. This flexibility reduces installation and maintenance costs, helping industries stay competitive. As industries become more connected, robust cybersecurity is essential. Low voltage controlgear systems implement digital twins and advanced simulations for design and testing, ensuring cybersecurity measures to protect against threats," according to Siddhartha Maiti, Senior Analyst and key author of ARC's Low Voltage Controlgear Market Research.

Low Voltage Controlgear Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Demand for More Asset Investment Protection 
• Growing Demand for Automation in Emerging Markets 
• Market Consolidation
• Digital Transformation
• Increasing Adoption of Renewable Energy 
• Increased Investment in Digital Twins, AI and IoT

Leading Suppliers to the Low Voltage Controlgear Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, CHINT Electrics, Eaton, Schneider Electric, Siemens.

About the Low Voltage Controlgear Research

The Low Voltage Controlgear research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Unit Type, Sales Channel, Network Devices, Machinery by Segment, Industry, Hardware by Type, Customer Type.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.  

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

New ARC Advisory Group research on the machine safeguarding solutions market reveals that in the rapidly advancing world of technology, where machines are becoming increasingly autonomous and interconnected, ensuring machine safety and security has become a paramount concern. As machines become more intelligent and interconnected, they become vulnerable to various risks that can have significant consequences. A holistic approach encompassing multiple layers of security is required to safeguard machines from both physical and digital threats.

"Machinery safety is a critical aspect of ensuring the well-being of workers and the general public. With the rise of automation and interconnected industrial systems, the potential for cyberattacks to impact physical equipment and machinery has become a pressing issue. Designing machine control systems with security in mind is crucial to protect industrial environments from potential cyber threats. The IEC 62443 standard serves as a comprehensive framework for addressing and mitigating security vulnerabilities in industrial automation and control systems. The new Machinery Regulation published in July 2023 also takes into account the growing importance of digitization and industrial security. It is important to note that security is not an optional feature but a mandatory requirement now," according to Anju Ajaykumar, Senior Analyst and key author of ARC's Machine Safeguarding Solutions Market Research.

Machine Safeguarding Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Collaborative Robotics and Autonomous Mobile Robotics 
• Demand for Risk Assessment Services
• Networked Safeguarding Components 
• Safety and Security
• Smart Safety Solutions

Leading Suppliers to the Machine Safeguarding Solutions Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: OMRON, Pilz, Rockwell Automation, SICK, Siemens.

About the Machine Safeguarding Solutions Research

The Machine Safeguarding Solutions research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Customer Type, Machinery by Segment, Sales Channel, Revenue Category, Hardware Revenues by Component, Safeguarding Components, Component.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

New ARC Advisory Group research on the Process Safety Systems market continue to show that factors such as increasing regulatory pressure, standards compliance, and system obsolescence are all combining to drive end users to make increased investments in process safety. The market continues to seek equilibrium after the effects of the pandemic. With an emphasis on safety, cybersecurity, sustainability, and remote operations, the market for process safety systems continues to be soft, and supply chain pressures are particularly evident in 2022.

"Adopting a common methodology or lifecycle approach to safety and security makes sense because it reduces the duplication of effort, minimizes the possibility of omissions, and helps develop a safer and more secure system. Performing the safety and security evaluations concurrently as part of a modified hazard and operability studies (HAZOP) is more efficient and makes it less likely to overlook something important," according to Mark Sen Gupta, Director of Research and key author of ARC's Process Safety Systems Market Research.

Process Safety Systems Market Trends

In addition to providing detailed competitive market share data, the researc also addresses key market trends as follows:

• End users are slow to embrace remote monitoring solutions
• Supply chain issues affecting the overall economy will continue to affect process safety system delivery 
• Sustainability efforts positively affect process safety system investment
• The shift away from carbon-fired power generation will continue to affect process safety revenues

Leading Suppliers to the Process Safety Systems Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Honeywell, Rockwell Automation, Schneider Electric, Yokogawa.

About the Process Safety Systems Research

The Process Safety Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Revenue Category, Sales Channel, World Region, Industry, Service Revenues by Type, Application, Project Type, Hardware by Safety Integrity Level, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Module Type Packages (MTP) is an emerging market in the process industries that originated in Western Europe. It is quickly becoming popular around the world. ARC’s new Automation for Module Type Packages Emerging Market Analysis research identifies the key components of MTP solutions, discusses growth drivers and inhibitors, and provides market sizes and five-year forecasts for major segments. Module type package is the name of the industry standard for modular architectures in process equipment. MTP itself is not an architecture, but rather a standardized way of describing processes, as well as capabilities and functionality of automation modules, from discrete components up to production skids. The key to MTP is the associated MTP file that accompanies each device and the orchestration software that integrates devices into an existing control architecture, usually based around a DCS.

"Automation and equipment suppliers see MTP as a key emerging market in the process industries. While MTP will drive the demand for certain components and field instruments, the most important issue facing suppliers is to learn how to sell products as part of MTP solutions. This includes supplying MTP files that describe device functionalities and capabilities, and understanding how the assemblies delivered by equipment providers are orchestrated into the grand scheme of a flexible process plant. Modular architectures have clear benefits, but lacking standards have held back the concept ever since ARC first postulated a world of intelligent, modular architectures over 20 years ago. Owing to the leadership of NAMUR, an association of process industry end users, the market got its act together and created an open, accessible standard that will likely have a profound effect on process architectures for the next generation," according to David Humphrey, Research Director and key author of ARC's Automation for Module Type Packages Emerging Market Analysis Research.

Module Type Packages Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Beware of the Abstraction Layer 
• Do Not Scale Up – Number Up!
• Modular Architectures

About the Automation for Module Type Packages (MTP) Research

The Automation for Modular Type Packages (MTP) is an emerging market analysis which explores current and future market performance and related technology and business trends. The report includes a comprehensive list of suppliers active in the market along with a select number of supplier profiles. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes five-year market forecasts. The segmentation includes Revenue Category, Sales Channel, World Region, Industry, Customer Type, Hardware Revenues by Type, Overall Scope, Module Type, Engineering Type.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

ARC’s new research on the Discrete I/O Modules market shows that as industries embrace automation for enhanced efficiency and operational excellence, the market continues to grow, underpinned by technological innovations and changing industrial dynamics. Rising demand for real-time data insights, scalability, and performance is propelling the adoption of advanced IO modules. These modules serve as the lifeline of automation systems, providing seamless communication between sensors, actuators, and controllers, thereby fostering smarter decision-making and improved process control.

"Industry 4.0 and the Industrial IoT are ushering in a new era of connectivity and intelligence, wherein IO modules play a pivotal role. The integration of IO modules with Industry 4.0 principles facilitates data-driven operations, predictive maintenance, and optimized resource utilization. This convergence is enabling industries to tap into the full potential of their automation systems, unlocking new avenues for growth and efficiency," according to Siddhartha Maiti, Senior Analyst and key author of ARC's I/O Modules for Discrete Automation Market Research.

Discrete I/O Modules Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Analytics and Big Data 
• Convergence of IT and OT
• Dominance of Complete Solutions Providers 
• Ethernet-based Fieldbuses
• Implementation of Data Analytics to Optimize Machine Performance 
• Increased Investment in Digital Twins, AI, and IoT
• Industrial 5G
• Integration of OEM Services with Industrial IoT 
• IO-Link
• Smaller Sized IOs
• Use of Open Platform Communications

Leading Suppliers to the Discrete I/O Modules Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Mitsubishi Electric, OMRON, Phoenix Contact, Rockwell Automation, Siemens.

About the Discrete I/O Modules Research

The Discrete I/O Modules research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Machinery by Segment, Sales Channel, World Region, Industry, Customer Type, Hardware Type, Form Factor, Digital Modules by # of Channels, Overall Scope, Safety I/O.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.  
   

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

ARC’s new research into Collaborative Robots, otherwise known as Cobots, provides insights on the cobots market in the post pandemic era. The market for cobots will continue to experience double digit growth over the next five years. Cobots are one of the latest technologies that revolutionize the automation industry. Unlike their industrial robot counterparts, cobots are designed to operate in proximity with human operators while addressing productivity challenges such as throughput, quality, efficiency, and accuracy. The elimination of the installation of safety safeguards in the factory space is a key advantage for using a cobot solution, as manufacturing flexibility, smaller factory footprint, and quicker redeployment can be achieved to adapt to the market and supply chain uncertainties.

"The Industrial Revolution has influenced the way robotics can evolve. From a mechanized equipment designed solely for productivity and efficiency, Industrial IoT, and the digital transformation revolution gave rise to more intelligent robots with a higher integration of sensors and computer vision technology. Better and different types of sensors also allow the enhancement of safety features, increasing the feasibility of a human-robot coworking relationship, which has proven to be reliable in addressing the recent global challenges. New enabling technologies such as AI and digital twins can influence the way in which humans interact with cobots in the future," according to Fox Chen, Market Analyst and key author of ARC's Collaborative Robots Market Research.

Collaborative Robots Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• 6-axis Articulated Arm as the Mainstream Type 
• Cobots for Hazardous Environments
• From Industry 4.0 to Industry 5.0 
• Industrial Autonomy
• Industrial IoT as the New Norm 
• Intelligent Cobots
• Lower Precision Cobots 
• M2M/Connected Robots
• More Automation Companies Strengthening Portfolio with Articulated Arm Cobots 
• More Higher Payloads, Longer Reach Cobots
• Programing Methods Are Getting Easier and Simple

Leading Suppliers to the Collaborative Robots Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: AUBO Robotics, FANUC, JAKA Robotics, Techman Robot, Teradyne (Universal Robots).

About the Collaborative Robots Research

The Collaborative Robots research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Revenue Category, Sales Channel, World Region, Industry, Customer Type, Application, Payload, Arm Type, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

• MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
• Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
• Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.