The miniature pneumatics market in APAC is expected to grow from US$ 323.03 million in 2019 to US$ 588.76 million by 2027; it is estimated to grow at a CAGR of 7.8% from 2020 to 2027. Animatronics is the process of manufacturing and operating lifelike robots that are used for entertainment or films; whereas, robotics is the process of designing, constructing, and operating robots.Miniature pneumatics offer numerous benefits such as smooth movement of robots, enhanced safety, greater precision, and customized designs.
The growing adoption of robots and animatronics among various industries such as automobile, entertainment, manufacturing, agriculture, and aerospace and defense is expected to drive the growth of miniature pneumatics market in coming years.Further, increasing product launches by prominent miniature pneumatic component providers is also expected to drive the growth of the market during the forecast period.
For instance, in 2019, SMC Pneumatics (UK) Ltd launched integrated wireless valve manifold system – EX600W.The system provides wireless communication by eliminating the need for network cabling.
Also, growing adoption of miniature pneumatics in healthcare is among the other factors expected to propel the demand for miniature pneumatics across APAC. In terms of application, the aerospace segment is expected to dominate the APAC miniature pneumatics market during the forecast period.The miniature pneumatic components used in the aerospace industry include valves and related devices such as vents, breakaways, heaters, pressure-regulating shutoffs, park-brakes, fuel swing-checks, air-bleed, check-baffles, and motor- and solenoid-operated fuel/refuel shutoff valves; landing-gear retract cylinders; shutoff-valve volume compensators; reservoirs, and pull and push master cylinders; shimmy dampers; hydraulic fuses; and solenoid banks.
Various aircraft pneumatic valves are used for mixing, temperature regulation, bleed air, and pressure regulation, among other applications.The pneumatic valves can be operated manually, or activated through pressure, temperature, or electromechanical mechanisms.
Furthermore, flow control valves (FCVs), which use bleed air from engine(s) to provide desired pressure conditions and heat to the aircraft cabin, are also a part of pneumatic aerospace controls. The COVID-19 pandemic is adversely affecting APAC.APAC is one of the crucial regions for the future growth of the market owing to the presence of many developing countries such as China, India, and other south Asian countries.
These countries have a high industrial presence, a positive economic outlook, and favorable government policies, which provide immense growth opportunities for the miniature pneumatics market.However, the ongoing COVID-19 outbreak is causing massive disruptions in the growth of various sectors in the region.
For instance, according to the National Statistical Office (NSO) data, the manufacturing sector output declined by 20.6% in May 2020 compared to a growth of 3.1 % in May 2019 due to travel restrictions, closing of manufacturing plants, and unavailability of raw materials and workforce. However, with the increasing focus of the Indian government on healthcare infrastructure and services, the adoption of miniature pneumatics in the healthcare industry for the manufacturing of medical instruments and pharmaceuticals is expected to provide growth opportunities to the APAC miniature pneumatics market. Japan, South Korea, and Australia are still combating the virus, which is negatively impacting their respective industrial economy. This factor will hinder the market growth. The overall APAC miniature pneumatics market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the APAC miniature pneumatics market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC miniature pneumatics market. Beswick Engineering; Clippard Instrument Laboratory, Inc.; Emerson Electric Co.; Kendrion N.V.; Norgren; and PARKER HANNIFIN CORP are among the players operating in the market.
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