Press release
Asia-Pacific Robotics Technology Market Size, Share, Competitive Landscape and Trend Analysis
The rising aging population in this region also drives the demand of service robots in countries like China and Japan. Increased application of robots in diverse industries including entertainment, education, and healthcare further supplements the growth of this market. Advancement in technologies including swarm robotics, cloud robotics, and bio-mimetics would provide numerous growth opportunities in the market.
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APAC Robotics Technology Market is expected to garner revenue of USD 29.5 billion by 2020, registering a CAGR of 9.12% during the forecast period 2015-2020.
The Asia-Pacific robotics technology market has been segmented based on type of robots, components, applications and country. On the basis of types of robots, the market is segmented into industrial robots, mobile robots and service robots. The component segment is divided into hardware, software and services. The application segment is further categorized into healthcare, defense and security, automotive, aerospace, electronics, and others (domestic, agriculture and education).
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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.
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The major vendors profiled in this report are Fanuc Corporation, ABB Group, Yamaha Corporation, Yaskawa Electric Corporation, Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd, and Seiko Epson Corporation.
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Key findings of Asia-Pacific Robotics Technology 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 2015-2020
● 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
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