Asia’s Robotic Revolution: Emerging Trends Shaping The Industrial Landscape
Nikhil Kaitwade, Chief Analyst Automotive and Associate Vice President at Future Market Insights takes APMEN through on industrial robotics market in Asia, and what can the market expect in terms of growth operating alongside humans.
Industrial robots are getting widely adopted these days as they operate at faster speeds than humans leading to increased production rates and throughput along with more accuracy and consistency. So, a significant spike is expected in the global industrial robots market, with overall market value estimates exceeding an astonishing US$220 billion by end of 2033. This significant increase might be propelled by a strong annual growth rate of 18.9% expected during the period between 2023 and 2033.
Automated robots for industries have reached a stage of programmable marvels that are capable of performing a wide range of tasks in manufacturing and other functional areas. Such industrial robots thrive in repetitive, high-volume jobs that are hard, or time-consuming by human employees or labourers.
Such self-performing robots have incredible strength, allowing them to effortlessly move and maneuver large items that guarantee high-quality results in repetitive processes. The major advantage of using industrial robots is their capacity to do dangerous activities reducing possible injury to human workers.
Gaining Momentum With Automation Wave
By the end of the previous fiscal, there were 39,000 cobot installations in total, highlighting the growing need for adaptable automation systems and a trend towards flexible, programmable machines. Cobots are a good example of how robotics are developing since they emphasise their compatibility and collaboration with human employees, and have quickly became prominent as a thriving trend with a stunning growth rate of over 50% in the last few years.
East Asia emerges as the forerunner in this dynamic terrain accounting for more than two-thirds of total sales of industrial arms and robots in the global market. We will explore the critical role that robots play in improving worker safety and operational efficiency across industries in several Asian countries and how a new market for such novel robots is developing in the region.
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