4th September 2019 – 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.
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.
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Some of these application 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 application 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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