Industry: ICT & Media | Publish Date: 12-Oct-2023 | No of Pages: 75 | No. of Tables: 59 | No. of Figures: 28 | Format: PDF | Report Code : N/A
The Latin America Delta Robots Market was valued at USD 80.54 million in 2022, and is predicted to reach USD 187.92 million by 2030, with a CAGR of 10.23% from 2023 to 2030. Delta or parallel robots are highly specialized robotic systems characterized by their unique mechanical structure and exceptional precision. These robots have three or more arms connected to a common base, forming a parallel mechanism that gives exceptional precision and structural stability.
Delta robots are renowned for their remarkable speed, agility, and accuracy, making them ideal for a wide range of high-speed, precision applications in manufacturing, electronics, food & beverage, pharmaceuticals, and others. The design of delta robots allows them to move with incredible precision in all three dimensions, such as assembly lines, pick-and-place operations, and intricate manufacturing processes. Making them particularly well-suited for tasks involving pick and place, assembly, packaging, and material handling.
Their parallel kinematic structure, a robotic system design where multiple limbs work parallel to control end-effector motion, enabling precise coordination and control, provides superior rigidity and stability, ensuring consistent and reliable performance. Depending on their specific configuration, they can handle various payloads, ranging from lightweight items to heavier components.
Thus, delta robots are a class of robotic systems renowned for their speed, precision, and versatility. Their unique parallel structure, including rigidity, speed, and stability, makes them a preferred choice for various high-speed automation tasks across multiple industries, contributing to increased efficiency and precision in modern manufacturing and assembly processes.
The delta robot market in Latin America is experiencing robust growth, primarily attributed to the increasing investments in automation within Peru. As Peru continues to focus on enhancing its manufacturing and industrial sectors, businesses are increasingly adopting delta robots to streamline their processes, improve production efficiency, and maintain competitive advantages. This heightened interest in automation solutions reflects a broader regional trend, positioning Peru as a key driver of the expanding delta robot market in Latin America.
For instance, in June 2021, the Inter-American Development Bank (IDB) invested USD 300 million in a conditional credit line for Peru to support investment in business innovation & and automation and help close the technology gap that affects micro, small & medium-sized enterprises (MSMEs). This provides an opportunity for the industries in Peru to invest in various industrial process automation systems.
The substantial investments by major countries in the region to manufacture electric vehicles are playing a pivotal role in driving the growth of the delta robot market in Latin America. A notable example of this trend is BYD's ambitious plan, announced in July 2023, to invest 3 billion Brazilian reals in Camacari, near Bahia's capital, Salvador, for the production of electric and hybrid cars, as well as electric buses and trucks.
These investments reflect the region's increasing focus on sustainable transportation solutions, which, in turn, is spurring the demand for automation solutions like delta robots to optimize production efficiency and meet the rising needs of the electric vehicle industry.
The market for delta robots faces a significant impediment in the form of their high costs. These robots, renowned for their precision and efficiency, often carry a substantial price tag, which can pose a barrier to adoption for numerous businesses, especially those classified as small and medium-sized enterprises (SMEs).
Furthermore, the prolonged return on investment (ROI) period, resulting from these elevated upfront expenses, can discourage companies that seek more immediate cost reductions and efficiency enhancements. This scenario not only hampers market expansion but also contributes to market concentration, with only larger corporations having the financial capacity to both afford and capitalize on this advanced automation technology.
Integrating advanced technologies, such as computer vision and artificial intelligence (AI), to enhance precision represents a significant opportunity for the delta robot market. These cutting-edge technologies enable delta robots to operate more accurately and efficiently, opening up new avenues for applications across various industries.
The integration of computer vision and AI not only enhances precision but also improves overall productivity and reduces errors in manufacturing processes. This can result in cost savings, higher product quality, and increased competitiveness for businesses that leverage delta robots with these advanced technologies. As industries continue to embrace automation and demand higher precision and flexibility, the delta robot market is poised to benefit significantly from the opportunities created by integrating computer vision and AI.
The Latin America delta robots industry includes several market players such as ABB Ltd., Fanuc Corporation, Kawasaki Heavy Industries Ltd, Yaskawa Electric Corporation, FESTO, Weiss GmbH, Omron Corporation, IGUS GmbH, Cama Group, and KUKA AG.
The Latin America delta robots market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Latin America delta robots market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Double Axis
Three Axis
Four Axis
Five Axis
Six Axis
Upto 3 Kilogram
3.1 to 8 Kilogram
8.1 to 15 Kilogram
More than 15 Kilogram
Standard
Hygiene
Assembly
Pick & Place
Material Handling
Palletizing/ Packaging
Primary
Secondary
Others
Electronics
Cosmetics
Food & Beverages
Pharmaceuticals
Others
Report Scope and Segmentation:
Parameters |
Details |
Market Size in 2022 |
USD 80.54 Million |
Market Volume in 2022 |
4432 Units |
Revenue Forecast in 2030 |
USD 187.92 Million |
Growth Rate |
CAGR of 10.23% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
Big country investments in electric vehicle production. Rising investments in automation |
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
ABB Ltd.
Fanuc Corporation
Kawasaki Heavy Industries Ltd.
Yaskawa Electric Corporation
FESTO
Weiss GmbH
Omron Corporation
IGUS GmbH
Cama Group
KUKA AG