Automotive Robotics Market to Become Top Investment Pocket for Investors till 2026

The global automotive robotics market is valued at USD 4.83 billion in 2016 and is expected to reach USD 14.1 billion by the end of 2026, growing at a CAGR of 11.3 % between 2017 and 2025.

Robotics is study of robots and is responsible for construction, design, operation, and application of robots. A robot is an electro-mechanical device which is programmed to follows a set of instructions to carry out required tasks without the help or aid of any human involvement. Robots can perform required tasks repeatedly in exactly the same way once programmed. Robotics technology is widely used in different industries like construction, mining, medical, entertainment, research, logistics, automobiles military, agriculture and many more. Mostly and abundantly application of robotics is in the automotive industry.

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With increasing industrialization, urbanization and per capita income the automotive industry is currently experiencing a dynamic era of growth. Demand for all types of vehicles (including cars, trucks, two wheelers, buses, and off-road vehicles, among others) is booming globally. On the other hand, rising labor costs and lack of skilled workforce issues are acting as barriers to meet these requirements. Hence, automotive robots are introduced in automotive industry for speeding up the manufacturing process of automobiles to meet the growing consumer requirement.

Automotive robotics technology is used to carry out some major applications like welding, assembly, processing, handling operations, painting, cutting and dispensing in automotive industry. Automotive robots are also used to supply automotive component. The global automotive robotics market is segmented into SCARA, Articulated, Cylindrical and Cartesian on the basis of type. Articulated robots segment holds largest share and is expected to remain the largest segment during forecast period growing with at a CAGR of 14% over the forecast period. But high cost and high maintenance cost are restraining the market.

Asia Pacific is largest automotive robotics market in 2017 and is expected to remain the largest market during forecast period followed by Europe and North America. Countries like China, India, Japan, and South Korea are driving Asia Pacific market due to substantial growth in the sales of robotic units in automotive market. New technological advancements in automotive robotics with new specifications, innovative concepts, and new applications are constantly evolving in to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost in cooling towers system is boosting cooling towers market during the forecast period globally.

Global Automotive Robotics Market :Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Robotics Market:

• Barrette Technology LLC
• ABB Ltd.
• iRobot Corporation
• Mitsubishi Electric Corp.
• John Deere
• Kawasaki Heavy Industries Ltd.
• NACHI-FUJIKOSHI CORP.
• Honda Motor Co. Ltd.
• CMA ROBOTICS SPA
• DAIHEN Corporation
• Artech Automation
• Locus Robotics
• Omron Adept Technologies
• Universal Robots A/S

On the basis of model, the Automotive Robotics Market is primarily split into

• Articulated
• Cartesian
• SCARA
• Parallel
• Cylindrical

On the basis of components, the Automotive Robotics Market is primarily split into

• Hardware Controllers
• Arms
• End Effector
• Drive and Sensor

On the basis on the end users/applications, this report covers

• Welding
• Assembly
• Processing
• Handling Operations
• Paint & Dispense

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This release was published on openPR.