Vietnam Robotics Market By Component (Hardware and Software), By Type (Articulated, Cartesian, SCARA, Cylindrical and Others), By End User (Healthcare, Media & Entertainment, Aerospace & Defence, Logistics, Automotive and Others), By Region, Competition Forecast & Opportunities, 2027

Vietnam Robotics market is anticipated to grow at an impressive CAGR during the forecast period, 2023-2027. Ongoing technological advancements in the Robotics industry and the increasing need for adopting measures for automatic handling of materials to reduce human error and developing ICT infrastructure are primary driving factors for the Vietnam Robotics market in the next five years. The use of advanced technologies comprising artificial intelligence, 5G technology, and the internet of things in daily life activities is preparing the market to witness significant growth in the Robotics industry in the forecast period.

The Vietnamese economy is one of the fastest-growing economies in the world. The manufacturing industry is considered one of the prominent revenues generating industries in the country. Intense competition among the major market players makes the players adopt advanced technologies and equipment to boost the production volume. Increasing GDP is strengthening the company's financial structure, which is making the industries capable of incorporating industrial robots to smoothen the manufacturing process in industries. The shift in industries' preference for the adoption of automation technology to increase efficiency and lower the operational costs as it reduces the need for human capital is expected to fuel the Vietnam Robotics market in the five years. The high demand for collaborative robots from small and medium-sized enterprises and large enterprises contributes to high market growth. Robotics can be used for new and existing applications and therefore witness high demand owing to their versatility.

The Vietnamese government is trying to get the country for the fourth industrial era and is launching initiatives and legislation to advance Vietnam's existing infrastructure. The government is attracting foreign investors to invest in Vietnam's development to boost technological up-gradation research and development activities. Modernization of Vietnam's economy and fully industrializing the industry, the government is encouraging the development of science and technology innovation in Robotics. For economical and societal development, Vietnam is making efforts in digital transformation and smart urban centers such as e-commerce transformation plans. The Vietnamese government is pursuing the Industry 4.0 strategy, including human resources and infrastructure, and providing e-governance services to increase transparency and gain the trust of its citizens.

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Smart factory in the 4.0 era uses advanced technologies such as artificial intelligence, metrology, 3D printing, Robotics, and the internet of things, among others that drive market growth. Smart factories are the upgraded version of the conventional automated production system to generate insights and continuously connect and process the data. Intelligent supply chain management is done efficiently in smart factories, which helps maximize the profits generated by the manufacturing industries. Smart factories also support the reduction in total ownership cost as it employs lesser human resources for production purposes. The expanding industrial zones and occupancy rates to prepare the country’s infrastructure for required digital transformation.

The Vietnam Robotics market is segmented on the basis of component, type, end user, regional distribution, and company. Based on the component, the market is divided into hardware and software. Based on the type, the market is divided into articulated, cartesian, SCARA, cylindrical and others. Based on the end user, the market is divided into healthcare, media & entertainment, aerospace & defence, logistics, automotive and others. To analyze the market based on the region, the Vietnam Robotics market is studied in major regions namely Northern region, Southern region, and Central region.

ABB Ltd., Robot 3T Group, Sony Corporation, Midea Group Co. Ltd., Honda Motor Co. Ltd, Siemens AG, DENSO Corporation, Rockwell Automation Inc., KION Group AG, Seiko Epson Corporation, are among the major market players in the Vietnam that lead the market growth of the Vietnam Robotics market.

Report Scope:

In this report, Vietnam Robotics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Robotics Market, By Component:
• Hardware
• Software
• Vietnam Robotics Market, By Type:
• Articulated
• Cartesian
• SCARA
• Cylindrical
• Others
• Vietnam Robotics Market, By End User:
• Healthcare
• Media & Entertainment
• Aerospace & Defence
• Logistics
• Automotive
• Others
• Vietnam Robotics Market, By Region:
• North
• South
• Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Robotics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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