Asia Pacific Industrial Robotics Market Forecast to 2030 - Regional Analysis - by Types (Articulated, Cartesian, SCARA, Collaborative, Parallel, and Others), Function (Soldering and Welding, Material Handling, Assembling and Disassembling, Painting and Di

Asia Pacific Industrial Robotics Market Forecast to 2030 - Regional Analysis - by Types (Articulated, Cartesian, SCARA, Collaborative, Parallel, and Others), Function (Soldering and Welding, Material Handling, Assembling and Disassembling, Painting and Dispensing, Milling, and Cutting and Processing), and Industry (Automotive, Medical and Pharmaceuticals, Electrical and Electronics, Rubber and Plastics, Metal and Machinery, and Food and Agriculture)

The Asia Pacific industrial robotics market is expected to grow from US$ 7,373.30 million in 2022 to US$ 14,209.70 million by 2030. It is estimated to grow at a CAGR of 8.5% from 2022 to 2030.

Advancements in Automation and Industry 4.0 Drives Asia Pacific Industrial Robotics Market

Several governments worldwide have enacted strict automotive emission and fuel economy legislation standards. These standards aim to improve the overall efficiency of vehicles and reduce their carbon footprint. In order to meet the standards in limited time companies are adopting automation in their production lines. Owing to this, the number of active industrial robots worldwide is increasing by ~14% year on year, and automation is creating new types of robots with increased utility and function. Future factories will certainly have machines and humans working side by side to meet consumer demand—a new reality for which business owners should be prepared. This leads to increased production and less human fatigue and reduce overtime hours. Industry 4.0 refers to the present industrial revolution, driven by advancements in robotics, automation, and the Internet of Things (IoT). The growth of industrial IoT and artificial intelligence is likely to significantly impact robots. New maintenance tactics, more autonomous robots, and new collaborative robotics technologies are made possible by Industry 4.0 technology. Industrial robots and Industry 4.0 technologies can help revolutionize companies over the next few years by streamlining machine management and automating operations that were previously done by human hands. Companies are becoming more upfront about using industrial robots to automate and become a part of the global supply chain. Automation solutions enable remote digital connectivity and robot monitoring. The Asia Pacific industrial robotics market is growing from past decade due to the rise in global automation and the acceptance of industry 4.0 work models.

Asia Pacific Industrial Robotics Market Overview

The Asia Pacific industrial robotics market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia has the world's largest industrial robot market due to the region's high demand for industrial robots. The installation of industrial robots increased by 33% in 2021 compared to 2022. In 2021, the adoption of industrial robots in the electronics industry increased by 22%, the automotive industry by 57%, and the metal & machinery industry by 29%, compared to 2020. According to IFR, in January 2023, China, Japan, and South Korea were among the top five most advanced countries in terms of annual installations of industrial robots. In addition, governments of various countries in Asia Pacific are coming up with plans and initiatives to boost the Asia Pacific industrial robotics market growth. For instance, in December 2021, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. Under this, the government released a five-year smart manufacturing development plan to digitize 70% of the country's large enterprises. In addition, New Robot Strategy by the Japanese government through investments in the manufacturing, healthcare, infrastructure, and agriculture sectors to integrate automated solutions further fueling the adoption of automated solutions. Such initiatives by the government will further boost the Asia Pacific industrial robotics market in the region. Market players operating in the Asia Pacific industrial robotics market in Asia Pacific include Mitsubishi Electric Corporation, Omron Corporation, and Hitachi Ltd. These companies engage in various organic and inorganic growth strategies to fuel their business growth. For instance, in April 2021, Hitachi Ltd acquired Kyoto Robotics, an intelligent robotics solution provider, due to the increasing need for automation during the pandemic.

Asia Pacific Industrial Robotics Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Industrial Robotics Market Segmentation

The Asia Pacific industrial robotics market is segmented into types, function, industry, and country.

Based on types, the Asia Pacific industrial robotics market is segmented into articulated, cartesian, SCARA, collaborative, parallel, and others. In 2022, the articulated segment registered the largest share in the Asia Pacific industrial robotics market.

Based on function, the Asia Pacific industrial robotics market is segmented into soldering and welding, material handling, assembling and disassembling, painting and dispensing, milling, and cutting and processing. In 2022, the soldering and welding segment registered the largest share in the Asia Pacific industrial robotics market.

Based on industry, the Asia Pacific industrial robotics market is segmented into automotive, medical and pharmaceuticals, electrical and electronics, rubber and plastics, metal and machinery, and food and agriculture. In 2022, the automotive segment registered the largest share in the Asia Pacific industrial robotics market.

Based on country, the Asia Pacific industrial robotics market is segmented into Australia, China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Taiwan, and the Rest of Asia Pacific. In 2022, China registered the largest share in the Asia Pacific industrial robotics market.

ABB Ltd, Comau SpA, Fanuc Corp, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric Corp, Seiko Epson Corp, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp are some of the leading companies operating in the Asia Pacific industrial robotics market.

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