Vietnam Robotics market is anticipated to grow at an impressive CAGR during the forecast period, 2022-2026. 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.

Increasing Importance of Automation Drives Robotics Market Demand

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.

Favorable Government Policies Supports Market Growth

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.

Rising Awareness About Benefits of Smart Factory Spurs Market Growth

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.


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Market Segmentation

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.

Market Players

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.

Attribute

Details

Base Year

2020

Historic Data

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Component

·         Type

·         End User

Regional scope

North, South, Central

Key companies profiled

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

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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).
Vietnam Robotics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

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1.     Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Robotics Market

4.    Executive Summary

5.    Voice of Customers

6.    Vietnam Robotics Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Hardware and Software)

6.2.2.     By Type (Articulated, Cartesian, SCARA, Cylindrical and Others)

6.2.3.     By End User (Healthcare, Media & Entertainment, Aerospace & Defence, Logistics, Automotive and Others)

6.2.4.     By Region

6.2.5.     By Company (2020)

6.3.  Product Market Map

7.    Vietnam Hardware Robotics Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value 

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End User

7.2.3.     By Region

8.    Vietnam Software Robotics Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value 

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End User

8.2.3.     By Region

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Vietnam Economic Profile

13.  Company Profiles

13.1.  ABB Ltd.

13.2.  Robot 3T Group

13.3.  Sony Corporation

13.4.  Midea Group Co. Ltd.

13.5.  Honda Motor Co. Ltd

13.6.  Siemens AG

13.7.  DENSO Corporation

13.8.  Rockwell Automation Inc.

13.9.  KION Group AG

13.10.            Seiko Epson Corporation

14.  Strategic Recommendations

15.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]