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By 2024, Automotive Robotics Market will surpass 210,000 units | ABB, Comau, FANUC America Corporation, KUKA Robotics, Omron Automation, Rockwell Automation, Universal Robots A/S
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.
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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ABB
• Comau SpA
• Denso Wave
• Dürr AG
• Fanuc Corporation
• Harmonic Drive System
• Kawasaki Heavy Industries
• KUKA Robotics
• Nachi-Fujikoshi Corp
• Omron Corporation
• Panasonic Welding Systems Co. Ltd.
• Reis Gmbh & Co.
• Rockwell Automation
• Seiko Epson Corporation
• Stäubli
• Universal Robots
• YRG
• Yaskawa Electric Corporation
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Growth in automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand. Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics. Additionally, extensive usage of robotics will lead to reduction of labor costs and thereby increase OEMs profitability.
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.
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.
About Global Market Insights:
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.
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