Rising demand from small and medium-sized enterprises and the growing electrical and electronics industry are driving the growth of the Vietnam Robotics Market in the forecast period, 2022-2026.
According to TechSci Research report, “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, 2026”, the Vietnam Robotics market is expected to witness steady growth in the forecast period, 2022-2026. The adoption of robots over a number of industries including healthcare, defense, security, logistics, electronics, food and beverage, automotive, inspection and maintenance are driving the demand of the Vietnam Robotics market. The advantages associated with using robotic technology are improved quality and increased production. It also reduces the cost and helps in maintaining the quality in the production process. Robots deliver services efficiently with less wastage and aids in enhancing the protection of workers owing to their autonomous nature.
However, the high initial cost and concerns for human safety due to technology failure may restrain the Vietnam Robotics market growth in the forecast period.
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The Vietnam Robotics market is segmented on the basis of component, type, end user, competitional landscape, and regional distribution.
On the basis of the type, the Vietnam Robotics market is divided into articulated, cartesian, SCARA, cylindrical, and others. Articulated robots are the most common type of robot used in the industrial setting. The articulated robots can be defined as a robotic arms with rotary arms. Articulated robots allow the shift flexibility or rotate parts during operation for various applications, including welding, material handling, cutting, picking, sealing, spraying, and painting. Cartesian robots are also called linear robots, and they are a type of industrial robot. The three principal axes of control are linear, and they are at right angles to each other. The three sliding joints aid in the wrist’s movement up and down, in-out, and back-forth. The significant advantage of using cartesian robots is their capability of moving in multiple linear directions. They are easy to program and can do straight-line insertion into the furnace. The axes of cartesian robots are rigid at both ends. Therefore, the structure of the cartesian robot is strong. SCARA stands for Selective Compliance Assembly Robot Arm and is a type of industrial robot. SCARA robots are faster than cartesian robots, and it provides an easy and unhindered type of mounting. The arm is compliant in the X-Y direction and is rigid in the Z direction in the parallel-axis joint layout of SCARA. SCARA consists of a joint two-link arm layout similar to the human arms, which allows the arms to move in restricted areas and fold up in the way. SCARA is used in transferring parts from one cell to another or for the loading or unloading process. Cylindrical robots have rotary joints for rotation and can perform angular motion around the joint axis, and the rotary joint moves around the common axis in rotational motion. Management of die-cast equipment and machine tools, spot welding, and assembly process can be managed using cylindrical robots.
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On the basis of the end user, the Vietnam Robotics market is divided into healthcare, media & entertainment, aerospace & defence, logistics, automotive, and others. The automotive industry is expected to witness the fastest incremental growth in the next five years. The rising disposable income of middle-class families is enabling them to upgrade from two-wheeler vehicles to four-wheeler vehicles. Automobile major manufacturers including Kia, Nissan, Ford, Honda, and Toyota in the country are boosting the number of spare parts suppliers, which is expected to push the growth of the automotive market in Vietnam. The large number of automotive assembly and production projects pipelined in Vietnam are preparing the automotive market to witness significant growth. The European Union Vietnam Free Trade Agreement (EVFTA) is expected to create lucrative opportunities for the automotive market growth. Based on the trade agreements, Vietnam is to remove the tariff on EU exports once the agreement comes into force. The use of robots in automobile manufacturing would reduce operational costs and eliminate the need to hire human resources, which is expected to accelerate the growth of the Vietnam Robotics market in the next five years.
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“Modernization of industrial spaces and the increased production capacities, industries are actively adopting Robotics solutions. The high demand for safety and automation from the organizations and the presence of energy-efficient, affordable, and technologically advanced robots fuel the demand for industrial robots. Market players are investing a significant number of resources in developing advanced and energy-efficient robots. They are increasing their production capacity to cater to the rising demand from industry players. The growing use of robots for various purposes and the ongoing research and development activities are expected to propel the Vietnam Robotics market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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, 2026”, has evaluated the future growth potential of Vietnam Robotics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Robotics market.
We cover following topics in this report
· Vietnam Robotics Market Outlook
· Vietnam Robotics Market Size
· Vietnam Robotics Market Share
· Vietnam Robotics Market Growth
· Vietnam Robotics Market Forecast
· Vietnam Robotics Market Future
· Vietnam Robotics Market Trends
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