Increasing Requirement of Warehouse Automation and Advanced Technologies will be the Future Catalyst for Robotic Arms Market in Asia Pacific: Ken Research
- In January 2022, KUKA and Ford Otosan in Turkey signed a new framework contract for supplying more than 700 robots for Ford's EV and connected commercial vehicle projects in plant Kocaeli.
- In January 2022, Yaskawa Electric Corporation announced a decision public to acquire additional shares of Doolim-Yaskawa Co., Ltd., a Korean robotic painting and sealing system integrator through Yaskawa Electric Korea Corporation, a consolidated subsidiary of Yaskawa Electric.
- In February 2021, ABB announced a new generation of collaborative robots for the faster accomplishment of tasks, side-by-side with people.
GURUGRAM, India, July 28, 2022 /PRNewswire/ -- Increasing investments in research and development: Increased spending on R&D efficiencies in the technology involved in robotic arms will create attractive growth opportunities for the market. 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.
Increasing Requirement of Warehouse Automation: The demand for individuals emphasizing on fast and reliable delivery has become more so automating the warehouse management and investing in automated warehouses is booming the robotics market. Robots that support this type of logistics are on the rise as more and more people shop online.
Introduction of the advanced technologies: The advancement in technology has accelerated the growth of the robotic arms market. The technologies such as artificial intelligence and machine learning are highly demanded these days. The involvement of AI and ML in robotic arms has opened various opportunities which boosted the demand for robotic arms.
Analysts at Ken Research in their latest publication "Asia Pacific Robotic Arms Market Outlook and Forecast to 2027 – Driven by Rapid Industrial Automation, Advanced Technologies, and Increasing R&D Investment: Ken Research" believe that the Robotic arms market is expected to grow owing to the increasing need for supply chain and factory automation for all key applications among all major end user industries.
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
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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
Major Robotic Arms Companies in Asia Pacific Mentioned in the Report:
- 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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Notable Emerging Robotic Arms Companies in Asia Pacific Mentioned in the Report:
- 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
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Frequently Asked Questions:-
- What is the Study Period of this Market Report?
The Asia Pacific Robotic Arms Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027. - What is the Future Growth Rate of the Asia Pacific Robotic Arms Market?
The Asia Pacific Robotic Arms Market is expected to witness a CAGR of above 15% over the next 5 years. - What are the Key Factors Driving the Asia Pacific Robotic Arms Market?
Increasing requirements for industrial and warehouse automation and introduction of the advanced technologies are expected to be the primary drivers of this market. - Which is the Fastest Growing Product Segment within the Asia Pacific Robotic Arms Market?
Parallel/Delta is the fastest growing product segment within the Asia Pacific Robotic Arms Market. - Who are the Key Players 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, and Universal Robots are the major companies operating in Asia Pacific Robotic Arms Market.
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