Press release
What's driving the Automotive Robotics Market Trends? ABB, Comau SpA, Denso Wave, Drr AG, Fanuc Corporation, Harmonic Drive System, Kawasaki Heavy Industries, KUKA Robotics, Nachi-Fujikoshi Corp, Omron Corporation, Panasonic Welding Systems Co. Ltd., Rei
Automotive Robotics Market
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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The welding process is reportedly one of the toughest production processes in the automotive cosmos, and any excess involvement of humans in the operations may plausibly lead to musculoskeletal disorders. The application of robotics in the welding procedure has profound significance, given that the automated bots would keep laborers away from the welding and paint fumes, which would considerably stimulate automotive robotics market share.
As the degree of automotive manufacturing rises to an unprecedented level, the domain would command the prevalence of faster and highly efficient operations, which would lead to the deployment of numerous bots in applications such as arc welding and spot welding. In consequence, this would be responsible for minimizing the downtime for production to quite an appreciable extent, subsequently translating into significantly high profit margins for automotive companies, and by extension, providing a positive boost for the growth path of automotive robotics industry.
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 market share from assembly operations.
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Some Point from Table of Contents:
Chapter 6. Automotive Robotics Market, By Application
6.1. Global automotive robotics indusry share by application, 2016 & 2024
6.2. General assembly
6.2.1. Global market estimates and forecasts, 2013 - 2024
6.2.2. Market estimates and forecast, by region, 2013 - 2024
6.3. Plastics and press automation
6.3.1. Global market estimates and forecasts, 2013 - 2024
6.3.2. Market estimates and forecast, by region, 2013 - 2024
6.4. Powertrain robotic assembly
6.4.1. Global market estimates and forecasts, 2013 - 2024
6.4.2. Market estimates and forecast, by region, 2013 - 2024
6.5. Paint & dispense
6.5.1. Global market estimates and forecasts, 2013 - 2024
6.5.2. Market estimates and forecast, by region, 2013 - 2024
6.6. Others
6.6.1. Global market estimates and forecasts, 2013 - 2024
6.6.2. Market estimates and forecast, by region, 2013 - 2024
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