Asia Pacific Robotic Arms Market Growth Is Grown by Growing Requirement of Automation In Industries: Ken Research

Robotic arms are programmable machines that function in a manner similar to a human hand with several joints that can move along an axis or rotate in dissimilar directions. It is capable of functioning a specific task or tasks speedily, 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 function repetitive and heavy tasks with higher accuracy over an extended duration.

According to the report analysis, 'Asia Pacific Robotic Arms Market by Type, by Payload Capacity, by Application, by End-User Industries and Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027)' states that the usage of robotic arms will continue to grow due to growing requirement of automation in almost all industries and for being utilized for most applications from material handling to assembling. The requirement and development of technologies such as artificial intelligence and machine learning which assist the augment in the number of applications for robotic arms are also going to propel its growth.

In addition, continued investments in research and development by the producers to bring out several advanced robotic arms with sophisticated technology will also endure to drive the growth of the market. However, high capital costs linked with robotic arms do not allow several companies to try and buy the automatic robotic arms, so the market remains constrained.

The Asia Pacific Robotic Arms Market can be classified based on Type into categories such as Articulated, Cartesian, SCARA, Spherical or Polar, and Cylindrical. Based on the Payload capacity, the market is classified 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 classified into Automotive, Electrical & Electronics, Metals & Machinery, Plastics & Chemicals and Food & Beverages.

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Geographically, the foremost countries in Asia Pacific are China, Japan, South Korea, India and Taiwan. The value chain of the Robotic Arms market entails of providers of core raw materials such as steel, cast iron, rubber, wires and aluminum. There are other entities 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 several channels involving the direct and traditional channels such as distributors. Afterwards, these distributors convey the products to the clients/end-users.

In addition, the increase in shift in company business operations because of the pandemic-induced work-from-home is one of the foremost factors propelling the growth of robotic arm market. Also, the integration of cognitive technologies along with alteration in business processes around the enterprises has a positive impact on the market. Therefore, it is predicted that during the near future the market of robotic arms will augment over the review period.

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

For More Information, refer to below link:-
https://www.kenresearch.com/upcoming-publication/asia-pacific-robotic-arms-market/13.html

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