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.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Component
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Type
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End User
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Regional scope
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North,
South, Central
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Key companies profiled
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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
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Customization scope
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10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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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:
- 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:
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]