Press release
Automotive Robotics Market to see exponential growth by 2024 -key Players- KUKA, ABB, FANUC, Rockwell, Kawasaki Heavy Industries, Yaskawa, Comau, Denso Wave, Omron Corporation, and Universal Robots
The latest news that Automotive Robotics Market is ablaze with is ABB’s acquisition of B&R. Somewhere toward the end of the first quarter of 2017, ABB Group, one of the most reputed players partaking in automotive robotics market share, took over B&R, supposedly the largest independent provider of open-architecture, software-based machine and automation solutions, with an aim to create an unparalleled, comprehensive service offering with regards to industrial and manufacturing automation.
The move has been touted to be one of ABB’s most lucrative acquisitions that would sizably impact automotive robotics industry share, given that the latter is an unrivaled player in industrial automation, while ABB is renowned to have achieved milestones as far as process automation, electrification, digitization, and robotics are concerned. Inherently characterized by the escalating advancements in robotics technology, in conjunction with the robust growth depicted by the automotive sector, automotive robotics market indeed is likely to chart a lucrative growth map in the years ahead, with a revenue projection of close to USD 6 billion by 2024.
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Top Key Players:-
The key players of global Automotive Robotics Market are KUKA, ABB, FANUC, Rockwell, Kawasaki Heavy Industries, Yaskawa, Comau, Denso Wave, Omron Corporation, and Universal Robots.
Regional Segmentations:-
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.
As per estimates, the demand for robots from vehicle component suppliers increased by 53% in 2016, and that from automotive original equipment manufacturers rose by 32% in the same year. This goes to prove that automotive robotics industry has bright prospects across North America. In fact, research reports claim that North America automotive robotics market is expected to witness a lucrative growth over the coming years, having held a valuation of USD 1 billion in 2016.
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Major Points of Table Of Content:-
Chapter 3. Automotive robotics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.4.1. B2B
3.3.4.2. OEM
3.3.4.3. Aftermarket
3.3.5. Application
3.3.6. Vendor matrix
3.3.6.1. Product portfolio
3.3.6.2. Role
3.3.6.3. Global presence
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers, by region
3.6.1.1. NA
3.6.1.2. EU
3.6.1.3. APAC
3.6.1.4. LATAM
3.6.1.5. MEA
3.6.2. Industry pitfalls & challenges
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Company market share analysis, 2016
3.9.2. Key stake holders
3.9.3. Strategy dashboard
3.10. PESTEL analysis
Chapter 4. Automotive robotics Market, By Product
4.1. Global automotive robotics market share by product, 2016 & 2024
4.2. Articulated
4.2.1. Global market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Cartesian
4.3.1. Global market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. SCARA
4.4.1. Global market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Parallel
4.5.1. Global market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Cylindrical
4.6.1. Global market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Automotive Robotics Market, By Component
5.1. Global automotive robotics market share by component, 2016 & 2024
5.2. Hardware
5.2.1. Global market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Controllers
5.2.3.1. Global market estimates and forecasts, 2013 – 2024
5.2.3.2. Market estimates and forecast, by region, 2013 – 2024
5.2.4. Robotics arm
5.2.4.1. Global market estimates and forecasts, 2013 – 2024
5.2.4.2. Market estimates and forecast, by region, 2013 – 2024
5.2.5. End effector
5.2.5.1. Global market estimates and forecasts, 2013 – 2024
5.2.5.2. Market estimates and forecast, by region, 2013 – 2024
5.2.6. Automotive robotic drive
5.2.6.1. Global market estimates and forecasts, 2013 – 2024
5.2.6.2. Market estimates and forecast, by region, 2013 – 2024
5.2.7. Automotive robotic sensor
5.2.7.1. Global market estimates and forecasts, 2013 – 2024
5.2.7.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Software & services
5.3.1. Global market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
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Assembly operations hold pivotal importance in the overall automobile manufacturing process. Automakers have been deploying automation for assemblies on a significantly large scale, pertaining to the factors of safety, high quality, and capacity. In addition, robots help to reduce the waste caused due to frivolous human errors, which would apparently lead to the lesser variability in the assembly. In consequence, this would be responsible for controlling the process at every stage of the assembly line in addition to maintaining the consistency in the time required for every process, which would indisputably lead to the growth of automotive robotics industry share from assembly operations.
It has been observed that the usage of SCARA bots are quite commonplace in high-speed assembly operations due to the increasing demand for optimized productivity and zero bottlenecks. Automobile assemblies demand the perfection in tasks such as windshield installation, wheel mounting, and screw driving, all of which have been deemed as viable contenders for automation. The deployment of robots for mobilizing smaller assembly components to fabricate larger ones is also prevalent in recent times – a move which is likely to stimulate automotive robotics market from assembly line operations.
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