Market Size of APAC Service Robots Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 46.40 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Service Robotics Market Analysis
The Asia-Pacific Service Robots Market is expected to register a CAGR of 46.4% during the forecast period (2020 - 2025).The demand and consumption for service robots are expected to increase in the region, owing to the rapid development of robotic systems by the Chinese and Japanese companies. Asian institutions and companies are gaining high financial and regulatory support from governments to add these technologies in personal and professional applications.
- The presence of various personal service robot manufacturers in Asia contributes to the growth of the market. These models are adopted in domestic tasks, such as vacuum and floor cleaning. Additionally, the easy and cheap availability of raw materials in the region has increased the robot manufacturing activities in the region.
- The Chinese government has ambitious plans for the country's robotics industry. The government has listed the robotics industry, along with AI and automation, as one of the priority sectors for high-end development to push forward the transformation and upgradation of the manufacturing industry.
- In fiscal 2021, Japan's Air Self-Defense Force would deploy the U.S.-made Global Hawk unmanned aerial vehicle, creating a special unit to handle the drone, which can stay airborne for long periods. Moreover, in 2018, China's military spending amounted to an estimated USD 250 billion. Hence such developments are expected to create opportunities for service robotics in the defense industry.
- Governments in many developing countries, especially in Asia-Pacific, are implementing initiatives to improve their healthcare infrastructure. This will encourage medical facilities in these countries to replace traditional open surgeries with laparoscopic procedures. For instance, medical facilities in Japan have already commenced replacing conventional open surgeries with minimally invasive techniques, single-incision procedures, and robot-assisted surgeries.
- The significant outbreak of the COVID-19 pandemic has boosted the market for service robots, as most of the enterprises, hospitals, and other institutions believe that robotic interaction could facilitate more socially distanced models of operation, to enable a safer and faster reopening and recovery of some hotels impacted by the COVID-19 outbreak.
Asia Pacific Service Robotics Industry Segmentation
As per the International Organization for Standardization, a service robot performs useful tasks for humans or equipment, excluding industrial automation applications. Professional service robots are completely different in form and function, as compared to industrial robots. These service robots automate time-consuming, menial, or repetitive tasks, thereby, allowing human workers to achieve more intellectual functions. On the other hand, personal service robots are consumer-facing robots for automating tasks, mostly within the home. This could include things, such as autonomous vacuum cleaners or window cleaners.
Type | ||||||
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Application | |
Military and Defense | |
Agriculture, Construction, and Mining | |
Transportation and Logistics | |
Healthcare | |
Government | |
Other Applications |
Country | |
China | |
India | |
Japan | |
South Korea | |
Rest of Asia Pacific |
APAC Service Robots Market Size Summary
The Asia-Pacific service robotics market is experiencing significant growth, driven by rapid advancements in robotic systems, particularly in China and Japan. These countries are receiving substantial financial and regulatory support from their governments to integrate robotic technologies into both personal and professional applications. The region's market expansion is further bolstered by the presence of numerous personal service robot manufacturers, which cater to domestic tasks such as cleaning. The availability of affordable raw materials in Asia has also spurred increased manufacturing activities. The Chinese government's strategic focus on robotics, AI, and automation as priority sectors for high-end development is expected to propel the transformation of the manufacturing industry. Additionally, the defense sector is witnessing opportunities for service robotics, with developments like the deployment of unmanned aerial vehicles by Japan's Air Self-Defense Force and China's substantial military spending.
The logistics industry in Asia-Pacific is seeing a rising demand for service robots, fueled by the burgeoning e-commerce sector and the need to reduce labor costs while optimizing processing speeds. Autonomous guided vehicles (AGVs) are becoming integral in warehouses and storage facilities for material handling. Companies like Singapore Technologies Engineering and Plus Automation are leading innovations in this space. The COVID-19 pandemic has further accelerated the adoption of service robots across various sectors, including healthcare, where there is a shift towards minimally invasive and robot-assisted surgeries. In the retail and food service industries, automated restaurants and robotic systems are emerging, with companies like JD and Alibaba pioneering these developments. The market is moderately fragmented, with numerous companies competing and forming strategic partnerships to maintain their market share.
APAC Service Robots Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Market Drivers
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1.3.1 Increasing Demand for Automated Solutions from Dynamic Industries and Robot Innovations
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1.3.2 Increased Demand for Professional Robots in Healthcare
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1.4 Market Restraints
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1.4.1 High Cost of Installation
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1.5 Assessment of the impact of COVID-19 on the industry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Professional Robots
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2.1.1.1 Logistic systems
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2.1.1.2 Medical robots
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2.1.1.3 Powered Human Exoskeletons
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2.1.1.4 Public relation robots
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2.1.2 Personal Robots
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2.1.2.1 Domestic
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2.1.2.2 Entertainment
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2.1.2.3 Elderly and Handicap Assistance
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2.2 Application
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2.2.1 Military and Defense
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2.2.2 Agriculture, Construction, and Mining
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2.2.3 Transportation and Logistics
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2.2.4 Healthcare
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2.2.5 Government
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2.2.6 Other Applications
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2.3 Country
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Rest of Asia Pacific
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APAC Service Robots Market Size FAQs
What is the current APAC Service Robots Market size?
The APAC Service Robots Market is projected to register a CAGR of 46.40% during the forecast period (2024-2029)
Who are the key players in APAC Service Robots Market?
Hyundai Robotics , LG Electronics Inc., Hanwha Corporation , UBTECH Robotics Inc. and Milagrow HumanTech are the major companies operating in the APAC Service Robots Market.