The Asia-Pacific factory automation market is projected to grow at a significant CAGR during the forecast period (2020-2026). 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.
Browse the full report description Asia-Pacific Factory Automation Market Size, Share & Trends Analysis Report by Component (Industrial Robots, Machine Vision, Human Machine Interface (HMI), Sensors, Control Valves, and Others), By Control Systems(PLC, DCS, SCADA, MES, and Others), By Industry (Automotive, Aerospace & Defense, Oil & Gas, Chemical, Food & Beverages, Healthcare, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-factory-automation-market
China was the largest market for industrial robots globally, taking 43% of all the sales to Asia that include New Zealand and Australia. The sales in China was 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.
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.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Component, by Control Systems, and by Industry |
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Regions Covered |
China, India, Japan, and Rest of Asia-Pacific |
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Key Companies Profiled |
ABB Ltd., Honeywell International, Inc., Fuji Electric Co., Ltd., Mitsubishi Electric Corp., General Electric Co., Rockwell
Automation, Inc., Schneider
Electric SE, Siemens AG, and
others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
Asia-Pacific Factory Automation Market – Segmentation
By Component
By Control Systems
By Industry
Asia-Pacific Factory Automation Market – Segmentation by Region
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