The Asia-Pacific factory automation market is projected to grow at a significant CAGR during the forecast period. The increase of industrial robots in the Asia-Pacific region is accelerating at a rapid growth; the operational stock rose 70% to 887,400 units during 2010-2015, as per the International Federation of Robotics.
China was the largest market for industrial robots globally, taking 43% of all the sales to Asia that includes New Zealand and Australia. The sales in China were followed by the Republic of Korea, with a share of 24% of regional sales, and Japan with 22%. This employs that 89% of the sold robots in Asia and Australia went to these three countries in 2015. China will maintain its dominance; further, around 40% of the global supply will be installed in China by 2020.
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The Republic of Korea includes the highest robot density in the manufacturing industry globally since 2010. The robot density of the country in 2018, exceeded the global average by a good eight-fold (631 units per 10,000 employees). The growth rate is attributed to the continued installations of the high volume of robots, specifically in the electrical and electronics market as well as in the automotive industry.
These robots work on the principle of machine learning and natural language processing whose demand will increase in the manufacturing industry for quality control of the products; thereby, driving the growth of the factory automation market.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Factory Automation Market – Segmentation
By Component
- Industrial Robots
- Machine Vision
- Human Machine Interface (HMI)
- Sensors
- Control Valves
- Others
By Control Systems
- Programmable Logic Controllers (PLC)
- Distributed Control Systems (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Manufacturing Execution System (MES)
- Others
By Industry
- Automotive
- Aerospace & Defense
- Oil & Gas
- Chemical
- Food & Beverages
- Healthcare
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