Asia Pacific collaborative robots market is projected to rise at a CAGR of 50.22% over the forecast period of 2019-2027. The market growth is mainly driven by the contribution from countries such as China, Japan, India, Australia, South Korea and Rest of Asia-Pacific which mainly includes Singapore and Malaysia.
The Asian market is primarily driven by the need for user-friendly automation which is provided by these Cobots, their low capital investment and high ROI, and their numerous application in end-user industries. The market is segmented on the basis of payload types, components, application, and end-user industries. Although the Asia-Pacific market is predicted to exhibit the fastest growth over the forecast period, factors like technological barriers, the need to comply with strict regulations and certain cybersecurity issues might restrain the market growth in the coming years.
The impressive accuracy of collaborative robots to perform the assigned task within the stipulated time and with the same efficiency increases their demand and deployment across the industries. Collaborative robots in the Asia-Pacific region are deployed in the automobile manufacturing industries, & fast moving consumer goods (FMCG) products manufacturing industries. The expanding Chinese government robotics investments collectively are expected to enhance the China collaborative robots market growth in the upcoming years.
Energid Technologies Corporation, Yaskawa Electric Corporation, AUBO Robotics, Nachi Robotics Systems, Rethink Robotics Inc., Epson Robots, Pari Robotics (Precision Automation & Robotics India Ltd.), ABB Ltd., Universal Robot A/S (Acquired By Teradyne Inc.), Fanuc Corporation, MRK-Systeme GmbH, Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd., KUKA AG, and F&P Robotics AG are some of the leading players in this market.