Press release
Automotive Robotics Market Booming Growth & Trends Worldwide with Top Companies – Universal Robots, Stäubli, Seiko Epson Corporation, Rockwell Automation, Omron Automation, KUKA Robotics, FANUC America, Dürr, Comau, ABB
Automotive Robotics Market
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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.
Automotive Robotics Market By Application
• Welding
• Handling operations
• Robotic processing
• Robotic assembly
• Paint & dispense
• Others
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ABB
2. Comau SpA
3. Denso Wave
4. Dürr AG
5. Fanuc Corporation
6. Harmonic Drive System
7. Kawasaki Heavy Industries
8. KUKA Robotics
9. Nachi-Fujikoshi Corp
10. Omron Corporation
11. Panasonic Welding Systems Co. Ltd.
12. Reis Gmbh & Co.
13. Rockwell Automation
14. Seiko Epson Corporation
15. Stäubli
16. Universal Robots
17. Yamaha Robotics
18. Yaskawa Electric Corporation
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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
Software and services segment is projected to cross USD 1 billion in 2024. Improved software programming has enhanced the quality that will further propel the industry growth. Software loaded in the product will enable real time decision making in the production process supporting the industry growth rate.
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.
Handling operations dominated the automotive robotics market share in 2016 owing to lifting tasks meeting several demands of the automakers. Safety regulations for these advanced products has resulted in employee’s well-being coupled with minimized associated injuries.
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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-robotics-market
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.
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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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