According to a new report by ApacMarket.com Research titled, "Robotics Technology Asia-Pacific Market Research Report, 2014-2020", the Asia-Pacific robotics technology market is expected to garner revenue of $29.49 billion by 2020, registering a CAGR of 9.12% during 2015–2020. The dominant presence of automotive and electronics industries in the Asia-pacific region drives the market growth.

Robots are used across various industries some of which include healthcare, automotive, manufacturing, electronics, defense, aerospace, agriculture, education, and food and beverages. Robotics technology enables efficient management of resources and increases production output while minimizing wastage and operating costs. Robots are employed for various applications that include manufacturing, pharmacy, tele-surgery, space missions, surveillance, mine detection, and other domestic chores. Currently, the automotive sector accounts for a major revenue share of the Asia-Pacific robotics market constituting to 49.92%, followed by the electronics sector which accounts for 22.17%.

The dynamic automotive industry and low-cost manufacturing units in the Asia-Pacific region accelerate the adoption of industrial robotics in manufacturing industries. Industrial robots accounted for major share in the Asia-Pacific robotics technology market, evaluated at 73.47% in 2014, registering a CAGR of 6.76% during 2015-2020. Industrial robots are used for high quality manufacturing applications in various industries. They are also used in manufacturing of intricate electronic equipment, a process that requires extremely high precision and accuracy. Further, the growing need of automation in diverse industries including healthcare, food and beverage, and agriculture has increased the demand of service robotics. The segment of service robots currently accounts for 8.48% of the Asia-Pacific robotics technology market. Service robots operate semi or fully autonomously and assist humans in different personal and professional tasks. Service robotics and mobile robotics are forecast to register a high CAGR during 2015-2020 in comparison to industrial robots.

To know more about Robotics Technology visit at: http://www.apacmarket.com/top-market/apac-robotics-technology-market

Robotics technology is being increasingly incorporated by small and medium sized businesses in the Asia-pacific region. The employment of robots in small and medium sized businesses would facilitate a significant rise in production levels. The companies in the Asia-Pacific robotics technology market are developing small sized, energy efficient, and affordable robotics solutions and targeting small and medium sized businesses to expand their customer base. However, the high initial investment, is an aspect that deters small and medium businesses from adopting robotics technology. Some organizations that govern and regulate the technology of robotics in the Asia Pacific region include, China Robot Industry Alliance (CRIA), Japan Robot Association (JARA), Taiwan Automation Intelligence and Robotics Association (TAIROA).

Key findings of the study:
The Asia-Pacific robotics technology market is forecast to grow at a high rate in the future owing to high need of automation by diverse industries
The industrial robotics segment accounts for a major share in the Asia-Pacific robotics technology market
The healthcare application of robotics technology would register the fastest CAGR of 16.46% during 2015-2020
China is the highest revenue generating region in the Asia-Pacific robotics technology market

The major players in the market include ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Yamaha Corporation, Kawasaki Heavy Industries Ltd, Honda Motor Co. Ltd. and Seiko Epson Corporation. These players consistently launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position. Partnerships and collaborations provide growth opportunities to these players in terms of enhancing the product portfolio and geographic expansion.

About Us
With cutting edge innovative solution, ApacMarket.com is a world leader in providing market research strategies in Asia Pacific region. We make a comprehensive coverage of Asia Pacific market so that you understand your customers and markets in-depth. Offering unbiased data and minute details of this region, ApacMarket.com ensures you and your organization best research strategies to implement. Keeping your organization's need in mind, our team of experts provides you with the finest of market and customer information along with socio-economic status of the region.

We operate on multi-knowledge chain to provide you with deep analysis, useful information, actionable insights that will help you and you're organization in strategically planning your business moves. Our highly qualified and well experienced analysts will give you a deep understanding of local, national and global events that will prove immensely beneficial to your business needs.

ApacMarket.com formed with the intention to deliver best research services; provides you with unmatchable actionable business insights and solutions. ApacMarket.com has demonstrated high potential to locate opportunities for business expansion. We have a powerful knack to present the ground realities of your consumers and markets like no one else.

Contact Us
Syed Ali
101 Miller Street, North Sydney
Level 32, North Sydney, NSW 2060
Call: +61-280 454 214
Landline: +91 (20) 60604041 (India)
Email: [email protected]
Website: http://www.apacmarket.com