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Automotive Robotics Market - The Rising Need To Increase Productivity and Enhance Work Environment

Automotive Robotics Market - The Rising Need To Increase

The automotive industry is highly dynamic, requiring extreme flexibility from auto manufacturers. Thus the manufacturers are increasingly expanding their core competencies by incorporating smart product systems and flexible logistics systems. The automotive industry has been making use of industrial robotics in their production process for many years now. Robotic systems in the automotive industry are cost effective, efficient and safe as they are capable of discharging their job quicker than their human counterpart. The reduction in operating costs can be achieved by improving operational flexibility along with minimizing raw material wastage and errors in the workflow, which in turn enhances the profitability of the manufacturers.

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The global automotive robotics market is still in its growth stage. The rising need to increase productivity and enhance work environment by reducing industrial accidents and improving employee safety is driving the market for automotive robotics globally. The market is expected to record promising growth in the coming years, primarily owing to rising technology research and development and a push for sustainable production process coupled with the need to reduce operation costs in an automobile production plant. Additionally, increasing investments in automated production facilities and high investments in emerging markets is set to have positive impact on the global market growth. Further, factors such as attenuation of the time required to market the product, lack of skilled labor accompanied with innovation in the developed automobile manufacturing countries are likely to bolster the market growth from 2017 – 2025.

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The global automotive robotics market can be segmented on the basis of type of robot into SCARA, Articulated, Cylindrical and Cartesian. Articulated robot segment is expected to hold the largest share of the global market during the forecast period, as it is more widely preferred in comparison to the other types. Articulated robots are more popular owing to its higher degree of freedom which makes them suitable to be used in multiple applications and provides the manufacturer with a larger work envelope. By components, the global market can be segregated into sensors, robotic arm, controller, end effector and drive. Robotic controllers are expected to project health growth during the forecast period, owing to the consistent growth in demand for automated solution and steady development in advanced technologies.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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