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Both public and private sectors are actively investing in the research and development of robotics technology, which has helped in the introduction of differentiated products in the market. Custom robots are built to manage differentiated needs of the clients and such innovation has been possible due to consistently flowing investment into the technology. Emerging economies are a perfect expansion areas for the companies operating in the robotics market, as the rate of adoption is growing steadily. Use of robotics technology would allow unprecedented growth in these economies.
Use of robotics in healthcare, agriculture, and food and beverage would further enhance the opportunities in these fast growing economies. There is a steady shift in the acceptance among SME?s and widespread acceptance is gained slowly yet steadily, which would empower production facilities and as a result influence better output and distribution of superior product quality. The small and medium business segment is a potential segment for market players to tap. With growing number of SEME?s gaining understanding of the technology, the SME's would be a highly potent market.
The report highlights the adoption of Industrial Robotics in Asia Pacific. Based on Type, the market is segmented into Articulated Robots, Cartesian Robots, Scara Robots, Cylindrical Robots and Other Robots. Based on Application, the market is segmented into Automotive, Electrical & Electronics, Chemical, Rubber & Plastics, Machinery, Metals, Food & Beverages, Precision & Optics and Others. Based on Function, the market is segmented into Soldering & Welding, Materials Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing and Others.
The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. Key Companies profiled in the report includes ABB Group, Adept Technology, Yaskawa Electric Corp., Fanuc, Kuka AG., iRobot Corp., Intuitive Surgical, Honda Motor and Yamaha Corporation.