PUBLISHER: KBV Research | PRODUCT CODE: 1585022
PUBLISHER: KBV Research | PRODUCT CODE: 1585022
The Asia Pacific Manufacturing Automation Market would witness market growth of 9.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Manufacturing Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,086 million by 2031. The Japan market is registering a CAGR of 9.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 10.6% during (2024 - 2031).
Automated systems can run 24/7 without the limitations of human workers who require breaks, shifts, and rest. As a result, manufacturers can meet high production demands more easily, reducing lead times and accelerating delivery schedules. This is especially crucial in consumer electronics and automotive industries, where time-to-market is a key competitive factor.
Moreover, the growing need to reduce labor costs drives the adoption of automation technologies. In many regions, particularly in developed economies, labor costs have risen significantly, making it more expensive for manufacturers to rely on human workers for labor-intensive tasks.
The manufacturing automation market in the Asia Pacific region is experiencing substantial growth, driven by government initiatives, technological advancements, and increased investments in digital infrastructure. In China, the government's "New Infrastructure" initiative, launched in 2020, strongly emphasizes modernizing industries with 5G and automation technologies. One key example is the deployment of 5G at the Port of Qingdao, where remotely controlled cranes have significantly boosted operational efficiency.
Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on End-Use, the market is segmented into Discrete Manufacturing and Process Manufacturing. Based on Component, the market is segmented into Hardware, Software, and Services (Managed Services and Professional Services). Based on Technology, the market is segmented into PLC and Robotics. Based on Solution, the market is segmented into Monitoring & Diagnostics, Control Systems, and Robotics & Autonomous Systems. Based on Deployment, the market is segmented into On-premises and Cloud-based. Based on Industry Vertical, the market is segmented into Automotive, Consumer Electronics, Transportation & Logistics, Healthcare, and Other Industry Vertical. Based on Application, the market is segmented into Assembly Line Automation, Material Handling Automation, Transportation & Logistics, Welding & Fabrication Automation, Packaging Automation, and Other Application. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Manufacturing Automation Market Report Segmentation
By Enterprise Size
By End-Use
By Component
By Technology
By Solution
By Deployment
By Industry Vertical
By Application
By Country