U.S (New York) – New research study titled “Asia-Pacific Robotics Technology Market ” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Robotics technology includes the integration of electronics, artificial intelligence, computer science, mechatronics, bioengineering, and nanotechnology for design and development of robots. It is a technology dealing with application of computer-controlled robots for performing manipulative tasks. Robots are intelligent devices containing sensors, manipulators, control systems, power supply, and software to perform a task with increased efficiency. 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.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
KEY PLAYERS, , 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.
Industrial robots are majorly used in the Asia-Pacific region owing to the dominant automotive industry and low-cost manufacturing units. 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. The factors restricting the growth of the market include high initial investment, and stringent safety regulations. Advancement in technologies including swarm robotics, cloud robotics, and bio-mimetics would provide numerous growth opportunities in the market.
Employment of robots enables enterprises to automate processes, manufacture high quality products in large volumes, and increase production output, while reducing costs and wastage of resources. 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.
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The major players operating in the Asia-Pacific Robotics technology market include ABB Group, Fanuc Corporation, Yamaha Corporation, and Yaskawa Electric Corporation. These players offer a diverse portfolio of robots to cater to the demands of organizations in the region. These vendors have developed affordable, compact, and energy efficient robots for application in small and medium businesses. These players have also acquired and collaborated with other players in the region for portfolio expansion and geographic penetration. For instance, in December 2014, FANUC Corporation introduced new robotics solutions including FANUC Robot R-2000iC series, and FANUC Robot M-900iB series to enhance its product portfolio of robotics solutions. These new solutions enabled the company to cater to a wider customer base and meet the increasing demands of the Asia-Pacific market.
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).
KEY BENEFITS
The study provides an in-depth analysis of the Asia-Pacific robotics technology market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends are outlined to determine the overall attractiveness and single out profitable trends in order to gain a stronger foothold in the market
The report provides information regarding key drivers, restraints and opportunities with impact analysis
Quantitative analysis of the current market and estimations through 20142020 are provided to showcase the financial appetency of the market
Porters five forces model and SWOT analysis of the industry illustrates the potency of the buyers and suppliers participating in the market
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
This report highlights the competitive scenario and profiles the key market leaders
APAC ROBOTICS TECHNOLOGY MARKET SEGMENTATION
The market is segmented on the basis of type, component, application and country.
MARKET BY TYPE
Industrial robots
Mobile robots
Service robots
Others
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MARKET BY COMPONENT
Hardware
Software
Services
MARKET BY APPLICATION
Automotive
Healthcare
Aerospace
Electronics
Defense and security
Domestic
Others
MARKET BY COUNTRY
China
Japan
Taiwan
South Korea
India
Rest of Asia-Pacific
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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