by The global Robot Teach Pendant Market is estimated to be valued at US$ 195.9 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A robot teach pendant is a handheld user input device that allows a robot programmer or technician to control an industrial robot, record positions and movements, teach programs, and run different operations. Teach pendants enable smooth and precise communication between a user and a robot, helping improve workflow and productivity. They help technicians manually guide the robot through tasks and record operations as programs for future automated runs. Major functions include point-to-point motion control, playback of recorded routines, in-teach, jog mode, program creation/editing, and custom keys for common operations. Teach pendants streamline robot programming tasks and speed up deployment processes in manufacturing plants.
Market key trends:
One of the key trends in the robot teach pendant market is growing demand from automotive industry. Robotic automation has significantly increased in automotive production lines to improve quality, reduce costs, and maximize output. Teach pendants are widely used by automakers and component manufacturers to program collaborative robots working alongside human workers on assembly lines. Growing industrialization and labor cost pressures are also propelling increased uptake of robotics solutions across other industries like food & beverage, electronics, metals, plastics, and pharmaceuticals. This is positively impacting demand for robot teach pendants from industrial end-users. Technological advancements focused on improving usability, durability, and functionality of teach pendants by leading providers are further supporting adoption.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the robot teach pendant market requires significant investments in R&D and manufacturing. However, established players focus on new technology and product innovations to attract customers.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of multiple options available from various manufacturers. Buyers can negotiate on price and demand value-added services.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple component manufacturers. However, suppliers hold bargaining power due to their technological expertise and innovations.
Threat of new substitutes: The threat of new substitutes is low as robot teach pendants have specialized applications and no direct replacements. However, augmented reality and virtual reality based controllers pose a potential threat.
Competitive rivalry: The competitive rivalry is high among key players to gain greater market share through new product launches and expansions.
Key Takeaways
The global Robot Teach Pendant market is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing factory automation and adoption of collaborative robots in automotive, electronics, and healthcare industries.
Regional analysis: Asia Pacific dominated the robot teach pendant market in 2022, accounting for around 35% of the global share. Rapid industrialization and growth of manufacturing sector in China, Japan, and India are major factors driving the demand. North America and Europe are other prominent markets owing to high demand from automotive industry.
Key players: Key players operating in the robot teach pendant market are ABB Ltd, Fanuc Corporation, KUKA AG, Omron Adept Technologies, Inc., Yaskawa Motoman, COMAU S.p.A., DENSO Robotics, Epson America, Inc., Festo, Intelitek, Mitsubishi Electric Corporation, Nachi Robotic Systems Inc, Stäubli International, Yamaha Robotics Inc. Players compete on the basis of product quality, features, and pricing. They focus on expanding their manufacturing facilities and enhancing product portfolios through acquisitions and partnerships. _______________________________________________________________________
