Global Automotive Robotics Market anticipated advancing at 10% CAGR between 2016 and 2022 due to cost reduction by growing automation
Automotive Robotics Market Share, Size, Trends, Analysis, Research, Review, Applications and Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Robotics Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Automotive robotics system supports the manufacturing process in the automotive industry (and related industries). Market Research Future (MRFR) has published and released a research report that anticipates aggrandizement for the global automotive robotics market at 10% CAGR (Compound Annual Growth Rate) between 2016 and 2022.
Observing the market structure, this report measures the future growth potential of the market. It gauges the strategies of the key players in the market and aids the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R&D) in the market.
The crucial factor driving the global automotive robotics market growth is the adoption of automation that ensures quality production and meets market demand on time. The increased concerns for labor safety are also encouraging companies to prefer automation and use automotive robots. Automotive robotics can not only reduce production & manufacturing errors, but they can also improve quality & operational flexibility. Automotive robotics also reduce operational cost, cost of production & manufacturing, and the wastage of the raw material.
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Segmentation of Automotive Robotics Market
The global automotive robotics market has been segmented on the basis of product type, application, type, and lastly, region. Based on product type, this market has been segmented into a Cartesian robot, articulated robot, and SCARA robot. Also, known as Cartesian coordinate robot, a Cartesian robot has three principal axes of control that are linear. These axes do not rotate but rather move in a straight line. An articulated robot has rotary joints. The full form of SCARA is Selective Compliance Articulated Robot Arm or Selective Compliance Assembly Robot Arm.
The application-based segmentation can segment the market into the assembly, welding, painting, stamping, and others. By type, the market can be segmented into software, hardware, and service.
Regional Analysis of Automotive Robotics Market
As per the regional segmentation, the global automotive robotics market can be segmented into regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). In North America, the market is expanding due to technological advancement and the rapid demand & adoption of robotics technology. The exigent country-specific markets in this region are the USA, Canada, and Mexico, followed by the remaining countries of North America.
During the forecast period, the regional market in Europe is likely to experience substantial raise due to the presence of a strong automotive industry in this region. The most important country-specific markets in Europe include France, Germany, Italy, Sweden, and the UK, followed by the remaining countries of Europe.
The Asia Pacific regional market can grow considerably during the forecast period due to rising automotive industries and rapid industrialization. The foremost country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region. Among RoW countries, the most important country-specific markets are Brazil, Russia, and Saudi Arabia, followed by other countries.
Key Players
The major players in the global automotive robotics market include ABB Group (Switzerland), Denso Wave Incorporated (Japan), Comau SPA (Italy), Fanuc Corporation (Japan), Dürr AG (Germany), Harmonic Drive System (Japan), KUKA AG (Germany), Kawasaki Heavy Industries (Kawasaki Robotics) (Japan), Nachi-Fujikoshi Corp (Japan), and Nabtesco Motion Control Inc. (USA).
Latest Industry News
Malaysian automobile manufacturer Perodua is set to enter the Indian market and manufacture its cars in India. An established name in the field of automotive robots in Malaysia, Perodua is expected to roll out automated cars. 6 MAR 2019
At MWC Barcelona 2019 Qualcomm introduced 5G to its automotive lineup and RB3 platform for robotics products. 25 FEB 2019
ABB Group has invested US $ 150 mn in a factory located in Shanghai, China where robots featuring collaborative automation solutions are manufacturing robots. These robots (featuring collaborative automation solutions) are known as Cobots. 24 MAR 2019
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Table of Contents
- Report Prologue
- Introduction
- Research Methodology
- Market Dynamics
- Robotics in Automobile Market, By Product Type
- Robotics in Automobile Market, By Type
- Robotics in Automobile Market, By Application
- Robotics in Automobile Market, By Region
- Company Landscape
- Company Profile
- MRFR Conclusion
- Appendix
……Continued
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