The Report APAC Industrial Automation Services (IAS) Market by Solution, Service Type, End-user, and Country 2014-2025: Growth Opportunity and Business Strategy gives a detailed analysis on the industrial automation services market in the Asian – Pacific level. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain The top players in the Asian Pacific level are AlterG, Inc., Bionik Laboratories Corp., Cyberdyne, Inc., Ekso Bionics, Hocoma, Honda Motor Co., Ltd., Myomo, Panasonic Corporation (Activelink), Parker Hannifin Corporation, ReWalk Robotics Ltd., Rex Bionics Plc. And U.S. Bionics, Inc. (suitX).
Automation is when machines once performed by humans are partially or completely governed by the machines in itself. Automation fist emerged in the automobile industry and is widely used in the manufacturing context. Automation uses technology to execute tasks and is capable of performing tasks without human intervention. Robotics is a part of automation and has changed the way how industries and companies manufacture and deliver impact. Increasing automation has led to increase in productivity, production, efficiency, safety and reduced lead time. Many industries stick on to automated machineries due to the higher output and productivity. They have resulted in consistent quality, regularity and safety. However, it does have the social spill over effect of unemployment and excess capital requirement which hampers its growth.
Though the assumption has always been that the US and Europe market will lead the automation markets, the dynamics are changing for various reasons. In the past, Asian Pacific countries were focused on only for lower skills and cheap labour. Now this is changed since they are sought after for design and engineering services too specifically in countries like China and India. Countries like Japan are the most benefitted from long – term business implications of innovation.
With most of the robots being employed in Asia, this also means it is wise to think of economic and social implications. Asia is the forefront in automation with more than half of the world’s total robot usage with China leading the market, followed by Korea and Japan. The rise of robots and automation will have many global implications but Asia can benefit immensely and reap digital dividend.
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Ankur Gupta, Head Marketing & Communications