The global AutomotiveRobotics 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 opportunity for market players to invest
for research and development in the market. Articulated robotics is one of the
fastest growing segment 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 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.
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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.
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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.
Market
Segment:
Automotive
Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)
• Articulated
• Cartesian
• Cylindrical
• Polar/Spherical
• SCARA
Automotive
Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)
• Assembly
• Dispensing
• Material Handling
• Welding
• Others
Automotive
Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• Japan
• Korea
• Taiwan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
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