Acumen research and consulting estimates that the global automotive robotics market is anticipated to reach market size of around US$ 15,000 Mn by 2027 and is anticipated to grow at a CAGR of around 10% in terms of revenue during the forecast period 2020 – 2027.
Robotics is the communication and problem solving of science and engineering, which includes mechanical, electrical, computer and technical streams. Robotics designs, builds, operates and operates the robot as well. These advances in technology are also used to create computers that can kill humans. Such robots are used in a number of fields, commonly categorized into industrial and domestic robots. Industrial robots are used for robotics used in various industries such as automobile, medical, agricultural and military fields and many other applications. The automotive industry is primarily and extensively used for robotics. Articulated robots play a crucial role in automotive robotics in all forms of automotive robotics products worldwide, while the robotic controller part is a exciting aspect that will in the near future activate the automotive robotics market..
For many factors, such as power, protection and efficiency, manufacturers use the technology. That helps reduce losses due to human errors that contribute to lower vehicle assembly volatility. Throughout each step of the assembly line autoprocessors aim to preserve consistent time and control processes. The cycle of vehicle production involves insidious tasks which lead to twisteing, lifting, and repetitive musculoskeletal disorders. It eliminates human error by stopping workers from being exposed to welding and paint gases, which raise the global market share of automotive robotics. The total industry sales will be hampered by high construction costs. The company cannot be assured more about stored information from the purchase, as information in the databases can contribute to unauthorized access or misuse. In fact, the rising technology shortage would serve as a restraint to the scale of the market.
Technological innovations are driving the market growth
The manufacturing segment of automation has taken rapid steps to become a role model for all other industries in the field of industrial automation by showing how automation can be used to scale up the value chain and produce zero defects. Early use of robots for applications like welding, lighting, adhesives, etc. has become the automotive industry. In the industry, however, a number of robotic applications are available. For instance:
During the forecast period, the automotive robotics market is expected to show highest CAGR globally. Despite the sluggish economy, North America consumers buy cars to boost automotive manufacturing productivity in countries such as Canada, the US and North America as a hub of this sector and North America as a leading region in the market in automotive robotics. The other region, which is considered as the source of key players from the automotive industry, is Western & Eastern Europe , Japan, and automotive development in these firms has increased demand in West, Eastern Europe and Japan as other leading countries for automotive robotics. Countries such as China, India, which is Asia-Pacific, excluding Japan, are the main developers in the Asia-Pacific region and many industries, including automotive and electronics industries and aerospace, are opening factories in these countries.
Major players included in this report are Rockwell Automation, Inc., Fanuc Corporation, ABB Ltd., Kuka AG, Kawasaki Heavy Industries, Denso Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corporation, DiFacto Robotics, Automation Pvt. Ltd., and others. Few SMEs are still under-penetrated as the construction of the products will be of no benefit until regular orders and the quantity operation are carried out. In fact, the company process has a lack of professional personnel and funds. You can be convinced that the product is being installed in the near future through cost saving demonstrations. Major actors like KUKA and FANUC are focusing immensely on their research to develop innovative products and eliminate their technological breakdowns. In fact, companies participate in mutual relationships with vehicle manufacturers in order to deliver enhancements to commodity technologies and facilities in a long-term alliance.
The global automotive robotics market is segmented as below:
Automotive Robotics Market By Product
Automotive Robotics Market By Vehicle Type
Software & services
Automotive Robotics Market By Application
Paint & dispense
Automotive Robotics Market By Geography
Middle East & Africa
The market value of automotive robotics is anticipated to be around US$ 15,000 Mn in 2027.
It is anticipated to grow around 10% CAGR amid the forecast period.2020-2027
Asia Pacific held maximum share in 2019.
Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.
Enhancing cost competitiveness is expected to drive the growth of the automotive robotics market.
High penetration in automotive industry is a major factor expected to restraint the growth of the market.