Automotive Robotics Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The automotive sector is extremely dynamic, forcing automakers to be extremely adaptable. As a result, manufacturers are increasingly implementing smart product systems and flexible logistics systems into their core competencies. For many years, the automotive industry has used industrial robotics in its manufacturing process. Robotic technologies in the automobile sector are more cost-effective, efficient, and safe than their human counterparts since they can complete tasks faster. Reduced operating expenses can be achieved by increasing operational flexibility and reducing raw material wastage and inefficiencies in the workflow, resulting in increased profitability for manufacturers. The existence of numerous major and small size, well-established competitors in the robotics sector makes the global automotive robotics market competitive. Due to the introduction of technologically creative and new products such as collaborative robots, the degree of competition in this market has increased in recent years. Several vendors in this market are also exploring revolutionary technologies using IoT and cloud services. In terms of outstanding product quality, technological advances, durability, and reliability, the worldwide market is predominantly dominated by international, established firms. Local players, on the other hand, are working hard to stay competitive in the market.
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The worldwide automotive robotics market is
expected to rise as the automotive industry automates and improves accuracy,
safety, and productivity. Furthermore, the industry is growing due to lower
labor costs in businesses. However, the expensive cost of industrial robotics
limits market expansion. Furthermore, factors such as the adoption of Industry
4.0 are expected to present significant growth opportunities for the automotive
robotics market over the forecast period. The persistence of high investment in
the production capacity of new or advanced automotive product lines in an
evolving market, modernization in key automobile producing regions such as the
United States, Russia, Germany, India, China, Japan, and others, and emerging
need for saving product launch time, evolving need for an alternative source
for unskilled labor or eliminating the issue of rising labor costs, and others
are the major drivers of robot demand in the automotive industry.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive
Robotics Market”, the market is expected to witness a CAGR growth of around
~12% during the forecast period 2021-2027F. Global Automotive Robotics Market
is experiencing significant growth due to the rising automation in the
automotive industry along with the rise in accuracy, safety, and productivity.
Based on component, the market is segmented into Controller, Robotic
arm, End effector, Sensors, Drive, and Others. The Controller segment generated
revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during
the forecasted period. In terms of value, the controller category is predicted
to have the greatest market share in 2020. The increased sales of all types of
robots that use the controller are a major driver of the industry. Another
cause for its dominance is due to its ability to offer high motion control and
faster integration with any additional hardware
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Based on type, the market is segmented into Articulated, Cylindrical
SCARA, Cartesian, and Others. The Articulated segment generated revenue of USD
XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted
period. Rotary joints are found on articulated robots. Rotary joints can range
in complexity from a simple two-joint mechanism to a complicated ten-joint
device. The most frequent type of robot utilized in the automotive
industry is an articulated robot. High flexibility enables quick process
changes, which is why small and medium-sized businesses are embracing
articulated robots, resulting in increased global demand
Based on application, the market is segmented into Welding, Painting,
Cutting, Material Handling, and Others. The Welding segment generated revenue
of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the
forecasted period. The rising deployment of welding robots is linked to factors
such as improving production line safety and efficiency and boosting the speed
of multi-material vehicle production
Asia
Pacific to Grab Lion’s Share
During the
projection period, Asia Pacific is expected to have the largest market share in
2020. Asia-Pacific is the world's fastest-growing area, with countries like
India, China, Taiwan, and South Korea emerging as regional leaders. Leading
vendors such as ABB and KUKA are establishing operations in the region.
Furthermore, government laws and subsidies have aided infrastructure
improvement projects. These factors have positioned APAC as the preferred
automobile manufacturing hub, driving the automotive robotic market. In terms
of growth, China and India are the most developed countries in Asia-Pacific,
and many sectors, like automotive, electronics, and aviation, are opening
facilities in these countries, creating demand for automotive robots and making
Asia-Pacific an expanding region.
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According
to UnivDatos Market Insights (UMI)’, the key players with a considerable market
share in the Global Automotive Robotics Market include Kawasaki Heavy Industries, Ltd, Fanuc Corporation,
Yaskawa Electric Corporation, Abb Ltd, Comau SPA, Nachi-Fujikoshi Corp,
Rockwell Automation, Inc, Seiko Epson Corporation, Denso Wave Incorporated, and
Kuka Ag
·
In Feb. 2021, Continental presents its
new ContiLogger consultancy concept, which incorporates tires, hardware,
software, and data in an innovative service concept. This allows Continental to
link end customers and Continental expertise even more closely. When using the
ContiLogger service concept, a Continental customer solution engineer will
first conduct a field study to understand the working environment in which the
tires will operate. They will also use a data logger to measure speed,
distance, location, lateral forces, elevation change, road grade, cycle
downtime, and the pressure and temperature of the tires.
“Global Automotive
Robotics Market”
provides
comprehensive qualitative and quantitative insights on the industry potential,
key factors impacting sales and purchase decisions, hotspots, and opportunities
available for the market players. Moreover, the report also encompasses the key
strategic imperatives for success for competitors along with strategic
factorial indexing measuring competitors’ capabilities on different parameters.
This will help companies in the formulation of go-to-market strategies and
identifying the blue ocean for its offerings.
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Informative Information, Please Visit Us – https://univdatos.com/report/automotive-robotics-market/
Market Segmentation:
1.
By Component (Controller, Robotic arm, End effector, Sensors, Drive,
and Others)
2.
By Type (Articulated, Cylindrical SCARA, Cartesian, and
Others)
3.
By Application (Welding, Painting,
Cutting, Material Handling, and Others)
4.
By Region (North
America (United States, Canada, Rest of North America), Europe (Germany, France,
UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest
of APAC), and Rest of World)
5.
By Company (Kawasaki Heavy
Industries, Ltd, Fanuc Corporation, Yaskawa Electric Corporation, Abb Ltd,
Comau SPA, Nachi-Fujikoshi Corp, Rockwell Automation, Inc, Seiko Epson
Corporation, Denso Wave Incorporated and Kuka Ag)
Key
questions answered in the study:
1.
What are the current and future trends
of the Global Automotive Robotics industry?
2.
How the industry has been evolving in
terms of end-user demand and product category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the Global Automotive Robotics industry?
5. What
is the customer orientation, purchase behavior, and expectations from the Global
Automotive Robotics suppliers across various countries?
Table
of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE ROBOTICS MARKET COVID-19
IMPACT
6 AUTOMOTIVE ROBOTICS MARKET REVENUE,
2019-2027F
7 MARKET INSIGHTS BY COMPONENT
8 MARKET INSIGHTS BY TYPE
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE ROBOTICS MARKET DYNAMICS
12 AUTOMOTIVE ROBOTICS MARKET
OPPORTUNITIES
13 AUTOMOTIVE ROBOTICS MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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