PUBLISHER: Inkwood Research | PRODUCT CODE: 1427012
PUBLISHER: Inkwood Research | PRODUCT CODE: 1427012
The Asia-Pacific industrial robotics market is projected to record a CAGR of 12.73% during the forecast period, 2024-2032. Manufacturers are increasingly incorporating robotic automation to enhance output quality and productivity, facilitating growth opportunities.
Japan, Singapore, Australia & New Zealand, India, China, South Korea, Rest of Asia-Pacific are assessed for the Asia-Pacific industrial robotics market growth analysis. According to the 2020 World Robotics Report by the International Robotic Federation (IRF), India ranked among the top ten countries with the highest installations of industrial robots in 2020. An example of this trend is Ola's collaboration with ABB in February 2021 to implement automation and robotics solutions for electric scooter manufacturing. Additionally, in July 2020, ABB inaugurated a new robotics facility to support the digital transformation of manufacturing in India.
Further, Indonesia has actively increased the adoption of industrial robots to enhance production capabilities and drive innovations in cutting-edge technologies. Furthermore, the government is committed to steering the country towards becoming an Industry 4.0 economy. Notably, Indonesia boasts a strong presence of companies such as Yaskawa Electric Indonesia and Epson Indonesia.
Moreover, Singapore is emerging as a significant player in the global industrial robotics sector. The adoption of industrial robots in various industries has witnessed a steady rise, contributing to increased efficiency and innovation. In particular, the automotive and electronics sectors have been pivotal in driving the demand for industrial robotics. Companies in these industries are increasingly integrating robotic systems into their manufacturing processes, leading to improved production capabilities and product quality.
Some of the prominent companies in the market include KUKA AG, Mitsubishi Electric Corporation, FANUC Corporation, etc.