The 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 device which allows an operator to directly control an industrial robot in any of three modes: “Manual,” “Playback,” or “Program.” In manual mode, the operator uses the pendant to directly control robot motion while recording a program. This program can then be played back repeatedly in playback mode. The teach pendant contains control keys and joysticks to manually position the robot arm, along with memory storage to save programs. It is a critical tool for robot programming and is used to teach new tasks, test/debug programs and perform routine maintenance.
Market Dynamics:
The growing adoption of industrial robots across industries such as automotive, electronics, food & beverages and others is a major factor fueling demand for robot teach pendants. Manufacturing companies are increasingly deploying robots to optimize production processes, reduce costs and improve quality. As of 2021, over 2.7 million industrial robots were in use globally according to the International Federation of Robotics. This growing base of operational robots requires teach pendants to program new applications. Additionally, frequent software and hardware updates of industrial robots necessitate reprogramming and recalibration using teach pendants, thereby supplementing their replacement demand.
Segment Analysis
The global Robot Teach Pendant market is dominated by the industrial robots sub-segment. Robot teach pendant is an essential tool used to program industrial robots. It allows users to teach points in space that the robot needs to repeat. The industrial robots sub-segment accounts for over 70% of the overall market share owing to rising demand for collaborative robots from industries such as automotive, electronics and pharmaceuticals for tasks like assembly, material handling and packaging.
PEST Analysis
Political: Governments across countries are supporting the adoption of industrial automation through various incentives and regulations to enhance manufacturing output.
Economic: Growing industrialization along with rising labor costs is prompting companies to adopt robotics technologies like teach pendants for improved productivity and reduced costs.
Social: Shortage of labor and increasing safety concerns in industrial workplaces is stimulating demand for collaborative robots integrated with teach pendants.
Technological: Advancements in human-robot interaction interfaces and sensors have enhanced the functionalities of robot teach pendants allowing for easier programming and deployment of industrial robots.
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 investments in industrial automation by large manufacturing companies. The Asia Pacific region is expected to dominate the market owing to rising robot density in industries across China, Japan and South Korea.
Regional analysis
The Asia Pacific region currently accounts for over 40% of the global Robot Teach Pendant market share and is expected to maintain its dominance owing to rapidly growing adoption of industrial robots in China, Japan and South Korea. China, in particular, is deploying robots at a vigorous pace in automotive and electronics sectors to keep up with rising consumer demands.
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. Fanuc Corporation, KUKA AG and ABB Ltd collectively account for over 40% of global robot teach pendant sales.