Automotive Robotics Market Size 2023: Share, Top Leading Players Growth by 2028

How Big is the Automotive Robotics Market?

The global automotive robotics market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.4% during 2023-2028.

Automotive robotics are designed to perform a wide range of tasks, such as assembling vehicle components, handling materials, and conducting quality control checks with precision. They are equipped with precision and efficiency that ensure the production of high-quality vehicles with minimal errors. They assist in enhancing productivity and reducing operational costs. As they allow for customization without sacrificing efficiency and can efficiently handle hazardous tasks while reducing errors, the demand for automotive robotics is increasing across the globe.

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What are the growth prospects and trends in the automotive robotics industry?

At present, the rising need for enhanced operational efficiency and cost reduction in the automotive sector represents one of the major factors supporting the market growth. Additionally, the increasing adoption of electric and autonomous vehicles among the masses around the world is strengthening the growth of the market.

Besides this, the growing demand for automotive robotics to perform several tasks, such as welding, painting, and assembly, with enhanced precision and consistency that improved the overall quality of vehicles is positively influencing the market. Moreover, the rising utilization of automotive robotics in manufacturing and testing processes is providing lucrative growth opportunities to industry players.

Furthermore, the increasing production of electric vehicles (EVs) that require precise battery assembly and intricate electronic component integration is contributing to the growth of the market.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:
• Cartesian Robots
• SCARA Robots
• Articulated Robot
• Others

Breakup by Component Type:
• Controller
• Robotic Arm
• End Effector
• Drive and Sensors

Breakup by Application:
• Assembly
• Dispensing
• Material Handling
• Welding
• Others

Breakup by End User:
• Vehicle Manufacturers
• Automotive Component Manufacturers

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Some of the Top Key players in the Time and Attendance Software Market

ABB Ltd., Denso Wave Incorporated (DENSO Corporation), Dürr Aktiengesellschaft, FANUC, Harmonic Drive Systems Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft (Midea Group), Nachi-Fujikoshi Corp., Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation.

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