DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial Robotics Market in APAC 2016-2020" report to their offering.
The Industrial Robotics Market in APAC to grow at a CAGR of 8.7% during the period 2016-2020.
Industrial robots have become an alternative application to replace human workforce. Various counties in APAC have witnessed increased demand for industrial robots for mass production, efficiency, better quality, product standardization, and reduce wastage. These robots comprise a robotic arm, control cabinet, control panel, and other peripherals. They are used for various manufacturing applications, including welding, painting, pick and place, palletizing, cutting, assembly, and product testing, and inspection. They are often used to perform tasks that are repetitive, laborious, and dangerous.
The report covers the present scenario and the growth prospects of the Industrial Robotics Market in APAC for 2016-2020. To calculate the market size, we consider revenue generated from the sales and aftermarket services of industrial robots. The report also includes a discussion of the key vendors operating in this market.
An upcoming trend is the growing use of IoT in robotics. With advances in technology, an increasing number of industries are incorporating IoT-enabled devices. The high penetration of smart devices and the use of wireless and cloud technologies are expected to change the face and mode of operation of the robots in the near future. Vendors are offering their services and control modules through smart devices and Wi-Fi technology for remote operation of industrial robots, including material handling robots. Since these devices offer more flexibility and convenience in operations, end-users prefer technology-enabled robots in factory facilities.
According to the report, key growth driver is the rise in factory automation. A large number of companies are investing in factory automation, which includes implementation of robotics technology. Japan and China have invested heavily to automate most of their factories with high-end industrial robots. Ageing population, shrinking workforce, and immigration control are some of the major factors driving factories to automate their production process. A large number of Chinese companies are looking for substitute for laborers; hence industrial robotics have become an area of opportunity for the vendors.
Further, the report states that one challenge that could hamper market growth is the high switching cost of using industrial robots.
Key vendors
- ABB
- FANUC
- Kawasaki Heavy Industries
- KUKA
- Yaskawa Electric
- SIASUN Robot & Automation
Other prominent vendors
- Adept Technologies
- Epson Robotics
- Honda
- Mitsubishi Electric
- Nachi-Fujikoshi
- Staubli Robotics
- Yamaha Robotics
For more information visit http://www.researchandmarkets.com/research/9q7836/industrial
