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The Asia Pacific Robotics technology market is expected to grow at a CAGR of 16.9% during the forecast period (2016-2022). Wide range of robots are already finding place in the business world for diverse activities such as industrial robots, service robots, and mobile robots. Among the aforementioned robots available, the industrial robots hold a major share in the market, largely due to its wide adoption in the manufacturing sector for automating processes.
The market for industrial robotics is expected to reach $12.3 billion by 2022 at a CAGR of 13.8% during the forecast period (2016?2022). On the other hand, the market for Service robotics would rapidly grow during the forecast period due to its growing adoption in healthcare and domestic sector. The report highlights the adoption of Robotics Technology in Asia Pacific.
Based on the type, the Robotics Technology market is segmented into Industrial Robotics, Service Robotics, Mobile Robotics and Others Robotics. Based on the Application, the market is segmented across Healthcare Robotics, Defense and security Robotics, Aerospace Robotics, Automotive Robotics, Electronics Robotics, Domestic Robotics.
The geographies included in the report are China, Japan, India, South Korea, Australia, Malaysia and Rest of Asia Pacific. Major players profiled in the report include ABB Group, Adept technology, Yaskawa Electric Corporation, Fanuc Corporation, iRobot Corporation, KUKA AG, Intuitive Surgical Inc., Honda Motor Co., Ltd, Yamaha Corporation and Kawasaki Heavy Industries.