A Look at Key Segments in the Industrial Engineering Market

1. A Look at Key Segments in the Industrial Engineering Market: Robots Market How Robots Are Transforming Industries Across the Region In this age of technological sophistication, the Asia Pacific region is witnessing an extraordinary surge in the Commercial and Industrial Robots Market. With a remarkable Compound Annual Growth Rate (CAGR) of ~17% anticipated from 2022 to 2027, the market has become a focal point for industries grappling with challenges such as a shortage of skilled labor, the rise of smart factories and the automation of warehouses. This article navigates through the intricacies of this dynamic landscape, shedding light on key trends, market segmentation and the competitive landscape. Market Dynamics Technological Advancements The driving force behind the proliferation of commercial and industrial robots lies in technological advancements. Artificial Intelligence (AI), Machine Learning (ML) and the Internet of Things (IoT) play pivotal roles in shaping the future of robotics. The anticipated annual investment in IoT is set to reach a staggering $450 billion by 2023, underscoring the transformative impact of these advancements on both commercial and industrial sectors. Mobility Trends Autonomous Mobile Robots (AMRs) are rapidly gaining prominence, particularly in logistics. Projections indicate a substantial 31% annual increase in AMR unit sales from 2020 to 2023.

2. The integration of AMRs is not confined to warehouses; their footprint is expanding into public settings, promising a paradigm shift in how we interact with robotic entities. Demand for Automation Robots are becoming indispensable in reducing operational costs and enhancing productivity. Beyond efficiency gains, they play a pivotal role in relieving workers from hazardous and repetitive tasks. Since 2010, the market has experienced a remarkable 9% average annual installation growth (2015–2020), signaling an increasing reliance on robotics for varied applications. Market Segmentation The Rise of Robotics in Industrial Automation: Transforming Manufacturing Product Categories The market is richly diverse, encompassing various product categories. Articulated Robots, SCARA Robots, Linear Robots, Parallel/Delta Robots, Cylindrical Robots, Autonomous Guided Robots, Field and Service Robots and others constitute the tapestry of the industrial automation market. Applications The applications of commercial and industrial robots are multifaceted, ranging from material handling and soldering to painting, dispensing, milling, cutting and processing. The versatility of these robotic entities extends to cleaning and various other applications across industries.

3. Mobility Understanding the mobility of robots is crucial. Robots can either be fixed or mobile, each category catering to specific operational needs. The evolution of navigation and vision technologies is enhancing the mobility of robots, making their movements more precise and adaptable. End User Industries From automotive and plastics & chemicals to healthcare and defense, the end-user industries for commercial and industrial robots are diverse. The adaptability of these robots across sectors like electrical & electronics, metal & machinery, food & beverages and retail & hospitality highlights their cross-industry significance. Key Market Trends Reshaping Industries and Transforming the Future Mobility Trends The mobile segment takes center stage in the Industrial Engineering Market. Advancements in navigation and vision technologies contribute to the seamless mobility of robots, allowing them to traverse various environments effortlessly. Product Trends Articulated robots dominate the product landscape, showcasing their versatility and applicability across industries. Collaborative robots are also witnessing a surge, with annual installations experiencing a noteworthy increase.

4. Application Trends Material handling emerges as a dominant application trend, reflecting the crucial role robots play in streamlining logistics and manufacturing processes. Additionally, the rise of commercial cleaning robots, especially in the context of the ongoing pandemic, underscores the market’s adaptability. End User Trends The electrical & electronics sector emerges as a leader in adopting commercial and industrial robots. The healthcare and education sectors are also witnessing substantial growth, with robots being deployed for surgeries, treatment and educational purposes. Competitive Landscape The Rise of Collaborative Robots: Working Side-by-Side with Human Major Players The market is characterized by the presence of Industrial engineering market major players, each contributing to the vibrant ecosystem of commercial and industrial robots. ABB, Yaskawa Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Stäubli Robotics, Siasun, Robostar, OMRON, iRobot, Hyundai Robotics, Daihen, COMAU, Seiko Epson — these are the key players shaping the landscape.

5. Notable Emerging Companies In addition to established players, notable emerging companies are making their mark in the market. Sugimoto robot (Shanghai) Automation Technology Co., Ltd., Jaka, Xpeng Robotics, TELEXISTENCE Inc, Ascent Robotics, PLEN Robotics, LOUNGE’LAB Inc., Bitsensing, Medipixel, Accio Robotics, Sastra Robotics Pvt Ltd, Asimov Robotics, Brain Navi Biotechnology, Techman Robot — all contribute to the diverse and evolving nature of the market. Recent Developments Collaborations, partnerships and expansions among major players are driving significant developments in the commercial and industrial robots market. These initiatives have a profound impact on market dynamics, influencing future trends and shaping the competitive landscape. Conclusion The Asia Pacific Commercial and Industrial Robots Market paints a compelling picture of sustained double-digit growth (17%). This growth signifies the robust expansion of the industry, with adoption trends cutting across diverse sectors and regions. The competitive landscape, marked by major and emerging players, underscores the dynamism and innovation encapsulated in the world of commercial and industrial robots. Frequently Asked Questions (FAQs) Q1. What drives the growth of the Asia Pacific Commercial and Industrial Robots Market? Answer: The market is driven by a shortage of skilled labor, the rise of smart factories and the automation of warehouses. Q2. How are technological advancements shaping the robotics landscape? Answer: Technological advancements, including AI, ML and IoT, play a pivotal role in propelling robotics growth, with an anticipated annual IoT investment reaching $450 billion by 2023. Q3. Which region plays a pivotal role in the Asia Pacific Commercial and Industrial Robots Market? Answer: China emerges as a key player, with a significant CAGR, an expanding manufacturing sector and rising commercial robot usage. Q4. What are the dominant product and application trends in the market? Answer: Articulated robots dominate the product landscape, while material handling emerges as a dominant application trend.

6. Q5. How competitive is the landscape and who are the major players? Answer: The market is highly competitive, with major players such as ABB, Yaskawa Electric Corporation, FANUC Corporation, KUKA AG and others shaping the industry.