Asia-Pacific Robotics Technology Market
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<strong>Asia</strong>-<strong>Pacific</strong> <strong>Robotics</strong><br />
<strong>Technology</strong> <strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2014-2020
Introduction<br />
• <strong>Asia</strong>-<strong>Pacific</strong> <strong>Robotics</strong> <strong>Technology</strong> <strong>Market</strong> is expected to garner $29.5<br />
billion by 2020, registering a CAGR of 9.12% during the period 2015-2020<br />
• The growing requirement of automation in the <strong>Asia</strong>-<strong>Pacific</strong> region,<br />
especially in the manufacturing sector has fostered the growth of robotics<br />
technology in the region<br />
• The <strong>Asia</strong>-<strong>Pacific</strong> robotics technology market is also driven by the high<br />
presence of automotive and electronics industries in this region<br />
• The <strong>Asia</strong>-<strong>Pacific</strong> robotics technology market is also driven by the high<br />
presence of automotive and electronics industries in this region<br />
• Some organizations that govern and regulate the technology of robotics in<br />
the <strong>Asia</strong> <strong>Pacific</strong> region include Japan Robot Association (JARA), China<br />
Robot Industry Alliance (CRIA), Taiwan Automation Intelligence and<br />
<strong>Robotics</strong> Association (TAIROA)
Key Factors of the <strong>Market</strong><br />
• <strong>Robotics</strong> technology is increasingly being adopted in the <strong>Asia</strong>-pacific region<br />
owing to rising demand for automation of processes, improved efficiency<br />
and productivity, and reduction in human errors<br />
• Various sectors including automotive, healthcare, defense, and aerospace<br />
have adopted robotics technology for process automation and efficient<br />
resource management<br />
• Industrial robots are majorly used in the <strong>Asia</strong>-<strong>Pacific</strong> region owing to the<br />
dominant automotive industry and low-cost manufacturing units<br />
• Advancement in technologies including swarm robotics, cloud robotics, and<br />
bio-mimetics would provide numerous growth opportunities in the market<br />
• With increasing advancement in technologies, robots are used in wide<br />
applications including pharmacy, tele-surgery, physical therapy,<br />
manufacturing of electronic equipment, bomb diffusion, rescue operations,<br />
and assistance during natural disasters
<strong>Asia</strong>-<strong>Pacific</strong> <strong>Robotics</strong> <strong>Technology</strong> <strong>Market</strong><br />
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Key Benefits of the <strong>Market</strong><br />
• The <strong>Asia</strong>-<strong>Pacific</strong> robotics technology market is expected to grow rapidly<br />
during the forecast period owing to increased demand for automation<br />
• The service robotics segment would register the fastest CAGR during 2015-<br />
2020<br />
• The automotive application accounts for a major share in the <strong>Asia</strong>-<strong>Pacific</strong><br />
robotics technology market<br />
• China is forecasted to generate the maximum revenue in the <strong>Asia</strong>-<strong>Pacific</strong><br />
robotics technology market
<strong>Market</strong> Segmentation<br />
BY TYPE<br />
• Industrial robots<br />
• Mobile robots<br />
• Service robots<br />
BY COMPONENT<br />
• Hardware<br />
• Software<br />
• Services<br />
BY APPLICATION<br />
• Automotive<br />
• Healthcare<br />
• Aerospace<br />
• Electronics<br />
• Defense and security<br />
• Domestic<br />
BY COUNTRY<br />
• China<br />
• Japan<br />
• Taiwan<br />
• South Korea<br />
• India<br />
• Rest of <strong>Asia</strong>-<strong>Pacific</strong>
Key Players of the <strong>Market</strong><br />
• ABB Group<br />
• Fanuc Corporation<br />
• Seiko Epson Corporation<br />
• Panasonic Corporation<br />
• Yamaha Corporation<br />
• Yaskawa Electric Corporation<br />
• Nachi Fujikoshi Corporation<br />
• Honda Motor Co., Ltd.<br />
• Kawasaki Heavy Industries, Ltd<br />
• Komatsu, Ltd.<br />
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