MARKET OUTLOOK
As per an analysis by Triton Market Research, the SCARA robots market in the Middle East and Africa is estimated to grow at a CAGR of 10.93% over the projected years 2019-2028.
Saudi Arabia, Turkey, the United Arab Emirates, South Africa and Rest of Middle East & Africa are studied in the Middle East and Africa SCARA robots market.
The United Arab Emirates will invest approximately $75 billion in the manufacturing sector by the year 2025, owing to the rising automation requirements from several industries, including construction, packaging, nano-sensors, oil & gas, paints & coatings, food & beverage and healthcare. It is the leading country in the technological advancements in the Middle East.
RoboAds Inc, a UAE-based robotics startup, in April 2020, launched a new generation of robots in order to aid healthcare services and staff on the coronavirus frontlines. Crescent Enterprises, a UAE-based investment group, made an investment of $16 million in 2017 to launch surgical robots in the regional hospitals. All these developments are expected to push the growth of the SCARA robots market.
Saudi Arabia is one of the countries in the Middle East that aims to shift from its oil-based economy to other sectors. The country is in talks with Jordan and Egypt for a $500 billion industrial zone powered by only renewable energy. This planned area, known as Neom, is anticipated to focus on industries, including biotechnology, advanced manufacturing, energy and water, food and others. These factors are likely to aid the studied market.
COMPETITIVE OUTLOOK
The significant players in the SCARA robots market are FANUC Corporation, Kawasaki Heavy Industries Ltd, Comau SpA, Seiko Epson Corporation, Precise Automation Inc, Yaskawa Electric Corporation, Staubli International AG and Nachi Robotics Systems Inc.