What Is the Size of Asia Pacific Robotic Arms Industry?
Asia Pacific Robotic Arms market is growing at a CAGR of ~% in 2017-2021P and is expected to reach ~USD Bn by 2027F. The growth of the Robotic Arms market in Asia Pacific is driven owing to the increasing requirement for industrial automation.
Asia Pacific Robotic Arms Market
Furthermore, the rising prevalence of robotic arms over the next few years is expected to propel the growth of the market due to increasing investments in research and development. Further continuous product development, and development of platforms for technology applications in R&D laboratories, striking a balance between short-term and long-term R&D programs is opening up new opportunities for robotic arms to increase their demand.
The pandemic has put national health systems around the world under great stress and governments have admitted that there is under-investment in healthcare infrastructure. As governments review health care provision, there will be a greater focus on technology and efficiency in the aftermath of COVID-19 and the two areas poised to benefit are digital health and robotic surgery.
The Materials Handling application segment is estimated to be the largest segment mainly due to the increased need for easy and efficient automation in production lines while maintaining customer satisfaction.
Asia Pacific Robotic Arms Market by Product Type
The SCARA segment in Asia Pacific Robotic Arms market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This growth is mainly due to the increased need for mechanical automation requirements across industries and the flexibility and repeatability accuracy of these robotic arms.
The Parallel/Delta segment is expected to witness the fastest growth among all segments during the forecast period, owing to their capability of rapid placing and pick-up abilities that is sought after by the industries.
Asia Pacific Robotic Arms Market by Payload Capacity
The Less than 500 KG market is growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This gain is majorly due to the increased efforts by the industries to automate the production lines and to reduce the dependency on the manpower for highly repetitive and tedious tasks.
The other two segment of 500-3,000 and 3000 & more payload capacity of the Robotic Arms market are going to grow at a rapid rate mainly due to the increased usage of this type of robotic arms in manufacturing activities.
Asia Pacific Robotic Arms Market by Application
The Cutting & Processing segment in the Asia Pacific Robotic Arms market is growing at the highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This growth is mainly due to the increased need for easy and efficient automation in production lines while maintaining customer satisfaction.
The Materials Handling segment is expected to retain its position as the largest segment until 2027. This is mainly due to the increased need of easy and efficient automation in production lines while maintaining customer satisfaction.
Asia Pacific Robotic Arms Market by End User
The food & beverage segment is expected to have the fastest growth rate during the forecast period. This is mainly due to the increased adoption of robotic arms to be able to adhere to the stringent quality standard requirements for the industry and reduce the manpower cost.
The Electrical/Electronics industry segment is expected to be a major gainer in the Asia Pacific Robotic Arms Market due to the presence of multiple major electrical and electronics manufacturers operating out of the region and increased adoption of robotic arms by these in almost all stages of the electronic cycle.
Competition Scenario in Asia Pacific Robotic Arms Market
The Asia Pacific Robotics arm market is highly competitive with many globally diversified players and a large number of Players having their niche solutions in specific markets. Companies are competing on various parameters such as Partnerships, New Products, and offering comprehensive robotic arms to all major End User industries.
What Is the Expected Future Outlook for The Overall Robotic Arms Market in Asia Pacific?
The revenues generated by robotic arms market players in Asia Pacific are projected to augment to ~ by 2027 from ~ during 2022, registering a robust CAGR of ~ during the same period.
The use of robotic arms will continue to grow due to the 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 major trends responsible for market growth.
Furthermore, continued investments in research and development by the manufacturers to bring out many advanced robotic arms with sophisticated technology is expected to provide a strong thrust to the growth of the robotic arms market.
Automated solutions ensure a continuous supply of products to assembly lines or storage areas. ML enables the implementation of autonomous mobile robots in logistics facilities, which are tasked with distributing stock to different points of the warehouse without following a predetermined route.Installing automated solutions based on technologies such as AI or RPA reduces the chances of mistakes in process management and materials management.
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Robots equipped with AI are already being used in factories to transport materials, clean equipment, and manage inventory. AI robots use actuators, sensors, vision systems, and advanced software, they collect and analyze data from their surroundings as they operate, and respond with corrections in real-time. The algorithms used for AI/Machine Learning become more efficient as the robot completes its tasks and collects more information.
Human-robot collaboration is another important trend in robotics. Modern robotic systems are capable of adapting to a rapidly changing environment with the ability to work closely with humans. The range of collaborative applications offered by robot manufacturers continues to expand. Currently, shared workspace applications are most common where bots and employees work alongside each other, completing tasks sequentially.
Key Segments Covered in Asia Pacific Robotic Arms Market
Asia Pacific Robotic Arms Market by Product Type
Articulated
Cartesian
SCARA
Cylindrical
Parallel/Delta
Others
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
Others
Asia Pacific Robotic Arms Market by End User Industry
Automotive
Electrical & Electronics
Metal & Machinery
Plastics & Chemicals
Food & Beverages
Others
Asia Pacific Robotic Arms Market by Geography and Major Countries
China
Japan
South Korea
India
Taiwan
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
Time Period Captured in the Report: –
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Companies Mentioned: –
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
Hyundai Robotics
OMRON
Yamaha Motor
Universal Robots
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Emerging Robotic Arms Companies in Asia Pacific
Wlkata
EVS Tech Co., Ltd.
AUBO Robotics
Connected Robotics
Ascent Robotics
Preferred Networks
Neuromeka
Doosan Robotics
Accio Robotics
Janyu Tech Pvt. Ltd
Asimov Robotics
Techman Robot
Geek+
Key Topics Covered in the Report: –
Snapshot of Asia Pacific Robotic Arms Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of Asia Pacific Robotic Arms Market
Historic Growth of Overall Asia Pacific Robotic Arms Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Asia Pacific Robotic Arms Industry
Overview, Product Offerings, and SWOT Analysis of All the Key Competitors
Covid 19 Impact on the Overall Asia Pacific Robotic Arms Market
Future Market Forecast and Growth Rates of the Total Asia Pacific Robotic Arms Market and by Segments
Market Size of End User Industries with Historical CAGR and Future Forecasts
Analysis of Asia Pacific Robotic Arms Market in Major Asia Pacific Countries
Major Production / Consumption Hubs in the Major Countries
Major Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Asia Pacific Robotic Arms Companies within Each Major Country
For more information on the research report, refer to below link: –
Asia Pacific Robotic Arms Market
Related Reports: –
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
