At 30.1% CAGR, the Asia Pacific Collaborative Robots Market is Projected to be Worth US$ 3,421.48 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific collaborative robots market was valued at US$ 415.99 million in 2022 and is expected to reach US$ 3,421.48 million by 2030, registering a CAGR of 30.1% from 2022 to 2030. Government support for the development and deployment of robotics and widespread adoption of industrial automation in diverse industries are among the critical factors attributed to the Asia Pacific collaborative robots market expansion.        

The penetration of industrial automation is gaining pace in various industries other than automotive, such as logistics, food & beverages, electrical & electronics, and rubber & plastics, among others. In the recent past, the non-automotive industries were very underpenetrated in comparison to the automotive industry. With the increasing functionality of equipment such as collaborative robots, it is anticipated that the non-automotive industries will further accelerate the adoption of collaborative robots. Apart from industries, the penetration is also increasing among countries. The prospective for further robot installations is remarkable in many of these countries, particularly in the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for collaborative robot’s manufacturers as it signifies the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period if there is a considerable support from the government to the manufacturers.

On the contrary, relatively slow production rate hampers the Asia Pacific Collaborative robot’s market.  

Based on payload, the Asia Pacific collaborative robots market is segmented into Up to 5 Kgs, 5-10 Kgs, and above 10 Kgs. The above 10 Kgs segment held 49.9% share of Asia Pacific collaborative robots market in 2022, amassing US$ 207.38 million. It is projected to garner US$ 1,549.39 million by 2030 to expand at 28.6% CAGR during 2022–2030. 

Based on application, the Asia Pacific collaborative robots market is segmented into assembly, material handling, pick & place, quality testing, packaging, machine tending, welding, and others. The assembly segment held 19.5% share of Asia Pacific collaborative robots market in 2022, amassing US$ 81.14 million. It is projected to garner US$ 577.71 million by 2030 to expand at 27.8% CAGR during 2022–2030.

Based on type, the Asia Pacific collaborative robots market is segmented into robotic arm, grippers, welding guns, and others. The robotic arm segment held 57.2% share of Asia Pacific collaborative robots market in 2022, amassing US$ 238.12 million. It is projected to garner US$ 2,056.40 million by 2030 to expand at 30.9% CAGR during 2022–2030.

Based on end-user industry, the Asia Pacific collaborative robots market is automotive, metal & machinery, electronics, pharmaceuticals, food & beverages, logistics, and others. The automotive segment held 37.0% share of Asia Pacific collaborative robots market in 2022, amassing US$ 153.77 million. It is projected to garner US$ 1,095.09 million by 2030 to expand at 27.8% CAGR during 2022–2030. 

Based on country, the Asia Pacific collaborative robots market has been categorized into the Australia, China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Taiwan, Thailand, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.2% share of Asia Pacific collaborative robots market in 2022. It was assessed at US$ 146.36 million in 2022 and is likely to hit US$ 1,251.64 million by 2030, exhibiting a CAGR of 30.8% during the 2022-2030.      

Key players operating in the Asia Pacific collaborative robots market are Kuka AG, Yaskawa America Inc, Aubo (Beijing) Robotics Technology Co Ltd, Doosan Robotics Inc, Fanuc Corp, ABB Ltd, Universal Robots AS and Kawasaki Heavy Industries Ltd.  

In Nov-2022, The highly adaptable ArcWorld® HC is a comprehensive robotic welding system for the manufacturing of small- to medium-sized items and is designed for human-collaborative (HC) interaction. This pre-engineered mobile cart system is ideal for high-mix, low-volume manufacturing, such as pre-assembly before welding in larger robotic workcells, to replace or enhance manual welding procedures. With three-sided access, it includes a Flextur 1,200 mm x 2,400 mm perforated fixture table, a single human-collaborative HC10DTP robot, retractable arc curtain, built-in exhaust hood, compatible power supplies from Miller®, Lincoln Electric, SKS, OTC, or Fronius, a 14-gauge metal tool board, tool balancer, and debris tray. To accommodate conventional welding equipment, a 120 VAC 20-Amp electrical extension outlet and a 120-psi air connection are provided. Solid wheels and levelling feet make installation or movement quick and simple, while overhead LED lighting illuminates the interior. Optional bottle holders include wire spool and shield gas.

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