The “Automotive Robotics Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Automotive Robotics market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Automotive Robotics Market size is expected to
value at USD 13.6 billion by 2025. The market is subject to witness a
substantial growth due to the rising implementation of automation and robotics
in the automotive sector. Rising
adoption of automation and robotics in manufacturing processes has changed
overall outlook of the automotive industry since last few decades.
Additionally, rise in initiatives taken by the regional governments to promote
use of automation in manufacturing processes are likely to boost the sales of
automotive robots. Such initiatives by regional government include tax exemptions
and tax cut, thus reducing overall manufacturing cost and elevating the
manufacturing opportunities for industry players across the globe. Such factors
are anticipated to drive the growth of the market in upcoming years.
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Globally, the automotive robotics market is predicted to
grow at CAGR of 13.8% in forecast period, providing numerous opportunities for
market players to invest for research and development in the market.
Articulated robotics is one of the fastest growing segments in automotive
robotics industry with highest revenue generation in recent years. Increasing
adoption of articulated robot is credited to its numerous advantages such as
flexibility and degree of freedom. Articulated robots are primarily used in
application involving large-scale assembly line with six axes movement.
Some of these applications include welding, material
handling, dispensing and material separation. These robots are specifically
designed to perform mundane tasks in a restricted time frame. Increasing number
of applications of automotive robots in industrial manufacturing processes is a
key factor responsible for the growth of the automotive robotics industry.
Increasing adoption of robotics in automotive industry is
credited to rising application of robots in different aspects of the production
line due to their large-scale work envelope. Latest trends involving increasing
adoption of the robots for spot welding application is expected to propel
growth of the automotive robotics market in coming years. Selective compliance
assembly robot arm (SCARA) robots has witnessed higher CAGR in the automotive
robotics industry during the forecast period. Wide range of application of
SCARA robots include vertical assembly operations, loading and unloading of
heavy work-pieces, transferring of components, and assembly.
Other types of robots like Cartesian, cylindrical and
polar robots are majorly utilized in painting, and drop & pick operations
with smaller payload capacity. While an assembly robot such as articulated
robotics need smaller space for its operations, and work with high precision
and speed.
Furthermore, adoption of the automotive robots in the
vehicle manufacturing gives an organization multiple competitive advantages over
other manufactures. Some of these advantages include superior quality, lower
maintenance costs, higher capacity and superior performance with minimum human
intervenes. Major application of the robots during vehicle manufacturing
include spot welding and painting, also adoption of the robots during in the
supply chain operations is on the rise.
Early adoption of the automotive robots in supply chain
operation leads to minimum production delays. Automotive industries need to
follow specific time frame during manufacturing processes coupled with process
control at each step in the production line. Thus adoption of automotive
robotics has become vital in recent years. Such factors are spurring the demand
of automotive robots in recent years.
The market is divided into regional market segment such
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the adoption of
latest technologies and existence well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the automotive
robotics market with massive growth in forecast period.
Countries such as Korea, China and Japan are leading the
Asia-Pacific market with increase in the domestic manufacturing, rise in the
adoption of robotics and numerous joint ventures with foreign companies. The
key players in the automotive robotics industry are ABB Robotics, Fanuc Co.,
Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.
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