Robotics in the Asia-Pacific Region is Anticipated to Reach US$43.7 Billion by 2023

The adoption of robotics technology by various sectors is driving the market growth of robotics in the Asia-Pacific region

Robotics in the Asia-Pacific region is projected to increase from US$18.7 billion in 2018 to US$43.7 billion in 2023 at a CAGR of 13.0% during the forecast period. The governments in the region have been investing in AI research and robotics for a few years, eyeing commercial value. Tax incentives, high investments, and AI at national levels have increased the adoption of wage-controlled robots. One of the primary drivers of the market growth is the electronics and electrical industries.

Robotics technology is increasingly being adopted in the Asia-pacific region owing to rising demand for automation of processes, improved efficiency and productivity, and reduction in human errors. Various sectors including automotive, healthcare, defense, and aerospace have adopted robotics technology for process automation and efficient resource management. Industrial robots are majorly used in the Asia-Pacific region owing to the dominant automotive industry and low-cost manufacturing units. The rising aging population in this region also drives the demand for service robots in countries like China and Japan.

The Chinese government has ambitious plans for the country's robotics industry. The government has listed the robotics industry and AI and automation as one of the priority sectors for high-end development to push forward the transformation and up-gradation of the manufacturing industry.

Robotic technology is showing increased adoption in numerous commercial and industrial settings. For instance, hospitals are nowadays using autonomous mobile robots to track patient health, and move materials. The professional service robots are also used in the military and defense sectors that are set up for combat scenarios. Furthermore, mobile robotics improves the soldier's capabilities and gives troops a lead at the ground level. Also, a field robot which is a professional service robot is used in this sector to perform a variety of functions like operating in life-threatening situations that are capable of protecting soldiers, carrying heavy equipment, and also capable of rescuing wounded soldiers in battle zones.