Taiwan Robotics Market Overview
The robotics market industry is projected to grow from USD 0.219 Billion in 2023 to USD Significant by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). The adoption of robotics and automation technologies across various industries and modern robots designed to be flexible and easily reprogrammable are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Taiwan Robotics Market Trends
-
Smart Manufacturing and Industry 4.0 is driving the market growth
Market CAGR for the adoption of smart manufacturing principles and Industry 4.0, which represent a transformative force in the country's industrial landscape. Precision manufacturing is centred on Taiwan, particularly in sectors like semiconductors and electronics. Robotic systems are an effective means of achieving the high levels of precision, accuracy, and repeatability that these sectors' production processes frequently need. Taiwan's economy also heavily depends on the semiconductor and electronics sectors. These sectors entail complex operations that need for careful component handling, careful assembly, and testing protocols. In the semiconductor manufacturing industry, robots are used to do pick-and-place operations, soldering, and quality checking. Furthermore, to supply the demand for consumer electronics and other items worldwide, several Taiwanese manufacturing facilities are involved in mass production. Robots help industrial processes scale because they are ideal for jobs requiring high-speed, high-volume output.
The medical and healthcare field in Taiwan is rapidly embracing robotics, with applications ranging from surgical robots for minimally invasive procedures to robotic assistance in rehabilitation and patient care. Furthermore, agriculture is witnessing a shift towards robotics to address labor shortages and enhance agricultural productivity. Robots are deployed for tasks like planting, harvesting, and crop monitoring, offering precision and efficiency in the field. Thus, driving the Taiwan robotics market revenue.
Taiwan Robotics Market Segment Insights:
Taiwan Robotics Robot Type Insights
The Taiwan Robotics Market segmentation, based on robot type includes Articulated Robot, Cylindrical Robot, Linear Robot, Parallel Robot, SCARA Robot, Spherical Robot, and Others. The articulated robot segment dominated the market, accounting for 32.4% of the market. The articulated robots offer versatility, precision, efficiency, and adaptability, making them valuable assets in a wide range of industries.
Taiwan Robotics Application Insights
The Taiwan Robotics Market segmentation, based on application includes Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Others. The Assembling & Disassembling category generated the most income (39.4%). The growth in this segment can be attributed to the increasing prevalence of e-commerce shopping and the demand for swift delivery services.
Figure 1: Taiwan Robotics Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Taiwan Robotics End-User Insights
The Taiwan Robotics Market segmentation, based on End-Users includes Automotive, Electrical & Electronics, Healthcare & Pharmaceuticals, Food & Beverages, Rubber & Plastics, and Metal & Machinery. The Electrical & Electronics segment dominated the market, accounting for 24.2% of the market. This is attributed to its versatile capabilities, which encompass tasks like dispensing, insertion, labeling, and screw driving, all performed with a remarkable level of repeatability.
Taiwan Robotics Regional Insights
The vitality and creativity of the robotics sector are being fueled by a number of major factors that are driving the robust expansion of the Taiwan robotics market. The nation's robust emphasis on R&D, along with a well-established network of academic institutions and industry partnerships, creates an ideal environment for robotics technology developments. Taiwan's dedication to innovation is reinforced by governmental programmes and rewards designed to facilitate the advancement and integration of robotic technology in several sectors. Furthermore, there is an increasing need for automation solutions, especially in industries like electronics, healthcare, and manufacturing. The use of robots to improve productivity and simplify operations has been driven by these sectors' desire for more accuracy, cost-effectiveness, and efficiency.
Taiwan Robotics Market Key Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Robotics market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their Taiwan footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Robotics industry must offer innovation and technological advancements.
Key Companies in the Robotics market include
- ABB
- FANUC
- YASKAWA
- KUKA
- Mitsubishi Electric
- Kawasaki Heavy Industries
- Denso Corporation
- ACHI-FUJIKOSHI
- Seiko Epson
- Rethink Robotics
- Franka Emika
- F&P Robotics
- Omron Adept Technology
- Staubli
- Siasun Robot and Automation
- ComauSpaItaly
- Universal Robots
- YAMAHA
- Other Prominent Players
Taiwan Robotics Market Segmentation
Taiwan Robotics Robot Type Outlook
- Articulated Robot
- Cylindrical Robot
- Linear Robots
- Parallel Robot
- SCARA Robot
- Spherical Robot
- Others
Taiwan Robotics Application Outlook
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
Taiwan Robotics End-User Outlook
- Automotive
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Rubber & Plastics
- Metal & Machinery
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 0.21 Billion |
| Market Size 2023 |
USD 0.219 Billion |
| Compound Annual Growth Rate (CAGR) |
4.50% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Robot Type, Application, and End-User |
| Key Companies Profiled |
ABB, FANUC, YASKAWA, KUKA, Mitsubishi Electric, Kawasaki Heavy Industries, Denso Corporation, NACHI-FUJIKOSHI, Seiko Epson, Drr, Rethink Robotics, Franka Emika, F&P Robotics, Omron Adept Technology, Staubli, Siasun Robot and Automation, ComauSpaItaly, Universal Robots, YAMAHA, and Other Prominent Players. |
| Key Market Opportunities |
The healthcare sector in Taiwan offers substantial opportunities for robotics, including surgical robots, rehabilitation aids, and robots for patient care. |
| Key Market Dynamics |
The rise of consumer robotics, including robotic vacuum cleaners, companion robots, and educational robots, and market expansion in Taiwan. |
Frequently Asked Questions (FAQ) :
The Taiwan Robotics Market size was valued at USD 0.21 Billion in 2022.
The Taiwan market is projected to grow at a CAGR of 4.50% during the forecast period, 2023-2032.
The key players in the market are Kawasaki Heavy Industries, Denso Corporation, NACHI-FUJIKOSHI, Seiko Epson, and Rethink Robotics.
The Articulated Robot category dominated the market in 2022.
The Handling category dominated the market in 2022.
The Electrical & Electronics had the largest share in the Taiwan Robotics Market.
