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KUKA Robotics, Rockwell Automation - Automotive Robotics Market 2018-2024 | Global Key companies are ABB, Fanuc Corporation, Kawasaki Heavy Industries, Universal Robots, Yamaha Robotics, Yaskawa Electric Corporation and 10 Others.
Automotive Robotics Market
SCARA robots used in the automobile industry will cross over 33 thousand units by 2024. This can be credited to increasing usage in applications such as high-speed assembly and handling operations. Rising demand for reduced bottlenecks and optimized productivity will boost the product penetration.
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Parallel robots will witness over 4% CAGR by 2024. Micro-manufacturing automation is a key factor that will fuel the product demand over the forecast time frame. High speed, stiffness, and flexible fixturing are the benefits supporting the product demand.
Automotive robotic controllers are the most commonly used hardware with a CAGR of over 4% in the forecast period. High acceptance of robotic arms is required in areas, where repetitive tasks are performed. Easy installing, lightweight model, and space-saving ability are the features, accelerating the robotic arms industry growth.
Automotive Robotics Market By Product
• Articulated
• Cartesian
• SCARA
• Parallel
• Cylindrical
Automotive Robotics Market By Component
• Hardware
• Controllers
• Robotics arm
• End effector
• Automotive robotic drive
• Automotive robotic sensor
• Software & services
Automotive Robotics Market By Application
• Welding
• Handling operations
• Robotic processing
• Robotic assembly
• Paint & dispense
• Others
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Automotive robotics industry thrives on the product innovations brought forth by leading business players. A recent instance citing the validity of the aforementioned declaration is Rimac’s collaboration with Dassault Systèmes. Elaborating further, the September of 2017 saw Rimac Automobili, a key manufacturer of high performance electric vehicles, battery systems, and drivetrains, join forces with Dassault Systèmes, a software firm based in France, to acquire the product lifecycle management digital platform from the latter to scale up its business growth.
Robotics has established itself as a principal technology across major end-use domains in the developed geographies such as UK, Germany, and Italy. The surging requirement to achieve time consistency and a higher level of production has led to escalating demand for robotic body assemblies in the country. The deployment of these assemblies to improve the proficiency of the supply chain activities across the automotive sector is likely to impel UK automotive robotics industry expansion.
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In 2016, APAC automotive robotics industry was approximately USD 2.0 billion. The region is attributed to have highest overall industry share owing to product’s motion control technology. Further, the region has substantial number of vehicle manufacturing facilities contributing to the automotive industry growth. Europe is estimated to have 3.5% CAGR from 2017 to 2024.
Germany has a powerful base of automakers, on the grounds of which it has been forecast that robotic applications would be deployed heavily across the automotive sector in the region. Subject to the extensive implementation of robotics, Germany automotive robotics industry is likely to gain a strong ground in the ensuing years. The expansion of this business space across Germany, UK, and Italy is certain to boost Europe automotive robotics market, which contributed nearly 25% toward the overall industry share in 2016.
Global industry consists of several players and the key players are ABB, KUKA, Fanuc, and Yamaha acquiring significant market share in 2016. Other notable players include Omron Corporation, Kawasaki Heavy Industries, Rockwell Automation, Staubli, and Universal Robots.
The above information has been provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• Denmark
• France
• Italy
• UK
• Spain
• Belgium
• Sweden
• Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Singapore
• Australia
• Latin America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Email: sales@gminsights.com
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