Southeast Asia Service Robot Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Southeast Asia Industrial and Service Robot Industry Overview

The market comprises market incumbents, global firms, and new players competing to assert dominance in an increasingly contested market space. Industry 4.0 and digitalization initiatives across regions provide lucrative opportunities in the industrial robot market. New companies have emerged, differentiating themselves with respect to the robot controlling abilities. With technologies such as IoT, artificial intelligence, and virtual/augmented reality, such companies prosper with sizable revenue gains.

Numerous companies and emerging robot start-ups are dedicated to developing cutting-edge and technologically sophisticated solutions for manufacturers to enhance efficiency. Prominent industry players are actively pursuing acquisition strategies and creating innovative and integrated robots to cater to the needs of end users. Therefore, companies are aiming for a powerful competitive strategy. Some of the major market players are FANUC Corporation, Yaskawa Electric Corporation, KUKA AG, ABB Ltd, Kawasaki Heavy Industries Ltd, and many more.

• In August 2023, Yaskawa Electric Corporation announced the launch of a new lineup of MOTOMAN-HC30PL (30 kg payload capacity, 1600 mm reach), a model for palletizing applications such as cardboard, for the human collaboration robot series that has been developed with 10 kg and 20 kg payload capacity.
• In May 2023, KUKA expanded a new edition robot by launching the series of KR CYBERTECH for efficient automation. The KR CYBERTECH feeds components into assembly processes, checks workpiece quality, and grinds and polishes metal parts. This flexibility is particularly popular in various sectors, including dynamic industries such as metals and electronics.