Robotic Arms Market Definition and Overview
Robotic arms are programmable machines that operate in a manner similar to a human hand with multiple joints that can move along an axis or rotate in different directions. It is capable of performing a specific task or tasks quickly, efficiently and extremely accurately. Since it is a machine, it is designed to be stronger than the human hand. It means that robotic arms can perform repetitive and heavy tasks with greater accuracy over an extended period. Robotic arms can be as small as a handheld device for execution of delicate activities or a long one with a reach to complete the construction of whole buildings. Typically motorized, due to their rapidness and consistent performance, these often find applications in manufacturing, industrial production, fabrication, machining and assembly sectors. Robotic arms are widely used in performing many industrial activities such as painting, sorting, injection molding, picking and placing, welding, screwing, and machine tending.
Asia Pacific Robotic Arms Market Outlook, Drivers and Challenges
The Robotic Arms Market in Asia Pacific is expected to witness strong growth of more than 15% over the next five years. The use of robotic arms will continue to grow due to increasing requirement of automation in almost all industries and for being used for most applications from material handling to assembling. The demand and development of technologies such as artificial intelligence and machine learning which support the increase in the number of applications for robotic arms are also going to drive its growth. These applications of automation by robotic arms in various industries are attracting huge investments to the system. Continued investments in research and development by the manufacturers to bring out many advanced robotic arms with sophisticated technology will also continue to drive the growth of the market. However, high capital costs associated with robotic arms do not allow many companies to try and purchase automatic robotic arms, so the market remains constrained.
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Asia Pacific Robotic Arms Market Value Chain Analysis
The value chain of the Robotic Arms market consists of providers of core raw materials such as steel, cast iron, rubber, wires and aluminum. There are other companies such as machine builders and panel builders which supply materials such as panels, electric motors, etc. Subsequently, such materials are fabricated, assembled and designed by the robotic arms manufacturers and then distributed through various channels including direct and traditional channels like distributors. Afterwards, these distributors deliver the products to the customers/end-users.
Asia Pacific Robotic Arms Market Segmentation
The Asia Pacific Robotic Arms Market can be segmented based on Type into categories such as Articulated, Cartesian, SCARA, Spherical or Polar, and Cylindrical. Based on the Payload capacity, the market is categorized as Less than 500 kg, 501-3,000 kg and 3,001 kg and above. The Materials Handling, Cutting & Processing, Soldering & Welding, and Assembling & Disassembling are the Application based segments in the market. On the basis of end-user industries, the market can be segmented into Automotive, Electrical & Electronics, Metals & Machinery, Plastics & Chemicals and Food & Beverages. Geographically, the major countries in Asia Pacific are China, Japan, South Korea, India and Taiwan.
Asia Pacific Robotic Arms Market Competitive Landscape of Major Competitors
Some key players in the Asia Pacific Robotic Arms Market are ABB, Yaskawa Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries, LTD., Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp, and Denso Corporation.
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Impact of Covid-19 on Asia Pacific Robotic Arms Market
During the outbreak of the COVID-19 pandemic, manufacturing and construction activities came to a standstill. Supply chain as well as transportation activities were disrupted globally. Due to the restrictions on construction activities and reduction in the production, automobile manufacturers had reduced their investments in automation as consumer demand was on the decline. It impacted the robotic arms market. However, robotic arms played a very important role in various activities during this pandemic like sanitizing public places, transporting health sample test kits, conducting surveillance and performed many other life-saving tasks. Overall, the demand for robotic arms declined during the pandemic due to less demand in major industries such as electrical & electronics, automotive and metal & machinery.
Key Segments Covered in Asia Pacific Robotic Arms Market:-
Asia Pacific Robotic Arms Market By Type
Articulated
Cartesian
SCARA
Cylindrical
Parallel/Delta
Asia Pacific Robotic Arms Market By Payload Capacity
Less than 500 KG
501-3,000 KG
3,001 KG and above
Asia Pacific Robotic Arms Market By Application
Materials Handling
Cutting & Processing
Soldering & Welding
Assembling & Disassembling
Asia Pacific Robotic Arms Market By Type of End User Industry
Automotive
Electrical & Electronics
Metal & Machinery
Plastics & Chemicals
Food & Beverages
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Asia Pacific Robotic Arms Market By Geography and Major Countries
China
Japan
South Korea
India
Taiwan
Key Competitors in Asia Pacific Robotic Arms Market:-
ABB
Yaskawa Electric Corporation
FANUC Corporation
KUKA AG
Kawasaki Heavy Industries, Ltd.
Mitsubishi Electric Corporation
Nachi-Fujikoshi Corp
Denso Corporation
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Key Target Audience:-
Robotic Arms Manufacturers
Robotic Arms Product Assemblers
Robotic Arms Component suppliers
Raw Material Suppliers for Robotic Arms
Potential Investors in Robotic Arms Companies
Value Added Resellers
Collaborative Robot Manufacturers
Industrial OEMs of Robotic Arms
Industrial Automation Solutions Providers
Robotics Companies
Robotics Industry Associations
Robotics Research Groups
Ministries of Electronics and Engineering
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