Asia-Pacific Robotics Technology Market to Rise with a Significant Growth by 2020

Asia-Pacific Robotics Technology Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2020

Introduction • Asia-Pacific Robotics Technology Market is expected to garner $29.5 billion by 2020, registering a CAGR of 9.12% during the period 2015-2020 • The growing requirement of automation in the Asia-Pacific region, especially in the manufacturing sector has fostered the growth of robotics technology in the region • The Asia-Pacific robotics technology market is also driven by the high presence of automotive and electronics industries in this region • The Asia-Pacific robotics technology market is also driven by the high presence of automotive and electronics industries in this region • Some organizations that govern and regulate the technology of robotics in the Asia Pacific region include Japan Robot Association (JARA), China Robot Industry Alliance (CRIA), Taiwan Automation Intelligence and Robotics Association (TAIROA)

Key Factors of the Market • Robotics technology is increasingly being adopted in the Asia-pacific region owing to rising demand for automation of processes, improved efficiency and productivity, and reduction in human errors • Various sectors including automotive, healthcare, defense, and aerospace have adopted robotics technology for process automation and efficient resource management • Industrial robots are majorly used in the Asia-Pacific region owing to the dominant automotive industry and low-cost manufacturing units • Advancement in technologies including swarm robotics, cloud robotics, and bio-mimetics would provide numerous growth opportunities in the market • With increasing advancement in technologies, robots are used in wide applications including pharmacy, tele-surgery, physical therapy, manufacturing of electronic equipment, bomb diffusion, rescue operations, and assistance during natural disasters

Asia-Pacific Robotics Technology Market

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Key Benefits of the Market • The Asia-Pacific robotics technology market is expected to grow rapidly during the forecast period owing to increased demand for automation • The service robotics segment would register the fastest CAGR during 20152020 • The automotive application accounts for a major share in the Asia-Pacific robotics technology market • China is forecasted to generate the maximum revenue in the Asia-Pacific robotics technology market

Market Segmentation

BY TYPE • Industrial robots • Mobile robots • Service robots

BY APPLICATION • Automotive • Healthcare • Aerospace • Electronics • Defense and security • Domestic

BY COMPONENT • Hardware • Software • Services

BY COUNTRY • China • Japan • Taiwan • South Korea • India • Rest of Asia-Pacific

Key Players of the Market • • • • • • • • • •

ABB Group Fanuc Corporation Seiko Epson Corporation Panasonic Corporation Yamaha Corporation Yaskawa Electric Corporation Nachi Fujikoshi Corporation Honda Motor Co., Ltd. Kawasaki Heavy Industries, Ltd Komatsu, Ltd.

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