Robotic arms are programmable machines that function in a manner similar to a human hand with several joints that can move along an axis or rotate in dissimilar directions. It is capable of functioning a specific task or tasks speedily, efficiently and extremely accurately. Since it is a machine, it is designed to be stronger than the human hand. It means that robotic arms can function repetitive and heavy tasks with higher accuracy over an extended duration.
According
to the report analysis, ‘Asia Pacific Robotic Arms Market by Type, by Payload
Capacity, by Application, by End-User Industries and Major Countries, Market
Size and Growth, Market Outlook and Forecast by Revenue (2017-2027)’
states that the usage of robotic arms will continue to grow due to growing
requirement of automation in almost all industries and for being utilized for
most applications from material handling to assembling. The requirement and
development of technologies such as artificial intelligence and machine
learning which assist the augment in the number of applications for robotic
arms are also going to propel its growth.
In
addition, continued investments in research and development by the producers to
bring out several advanced robotic arms with sophisticated technology will also
endure to drive the growth of the market. However, high capital costs linked
with robotic arms do not allow several companies to try and buy the automatic
robotic arms, so the market remains constrained.
The
Asia Pacific Robotic Arms Market can be classified based on Type into
categories such as Articulated, Cartesian, SCARA, Spherical or Polar, and
Cylindrical. Based on the Payload capacity, the market is classified as Less
than 500 kg, 501-3,000 kg and 3,001 kg and above. The Materials Handling,
Cutting & Processing, Soldering & Welding, and Assembling &
Disassembling are the Application based segments in the market. On the basis of
end-user industries, the market can be classified into Automotive, Electrical
& Electronics, Metals & Machinery, Plastics & Chemicals and Food
& Beverages.
Geographically,
the foremost countries in Asia Pacific are China, Japan, South Korea, India and
Taiwan. The value chain of the Robotic Arms market entails of providers of core
raw materials such as steel, cast iron, rubber, wires and aluminum. There are
other entities such as machine builders and panel builders which supply
materials such as panels, electric motors, etc. Subsequently, such materials
are fabricated, assembled and designed by the robotic arms manufacturers and
then distributed through several channels involving the direct and traditional
channels such as distributors. Afterwards, these distributors convey the
products to the clients/end-users.
In
addition, the increase in shift in company business operations because of the
pandemic-induced work-from-home is one of the foremost factors propelling the
growth of robotic arm market. Also, the integration of cognitive technologies
along with alteration in business processes around the enterprises has a
positive impact on the market. Therefore, it is predicted that during the near
future the market of robotic arms will augment over the review period.
Key Segments Covered in Asia
Pacific Robotic Arms Market:-
Asia Pacific Robotic Arms Market By Type
Cartesian
SCARA
Cylindrical
Parallel/Delta
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
Asia Pacific Robotic Arms Market By Type of End User Industry
Automotive
Electrical
& Electronics
Metal &
Machinery
Plastics &
Chemicals
Food &
Beverages
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Asia Pacific Robotic Arms Market
By Geography and Major Countries
China
Japan
South Korea
India
Taiwan
Key Competitors 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
Time Period Captured in the
Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
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
For More Information, refer to
below link:-
Asia
Pacific Robotic Arms Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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