Press release
Automotive Robotics Market - Increasing demand with Industry Professionals: ABB Robotics, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd.
Development of cloud based platform will boost the market to grow over the forecast period. Some of the market players offers open platform for enabled advance analytics, CNCs, peripheral devices and sensors used in the systems. Software uploaded in computing hardware supports data access from machine tool device, PLC, and enables to apply analytics in real time for instant actions. This advancement will surely spur the global automotive robots market.
Continuous R&D in technology and shift towards sustainable manufacturing processes from traditional processes is projected to witness steady growth. Furthermore, reduced operational costs by decline in raw material wastage, lesser errors and improved operational flexibility is also anticipated to boost the industry growth. Additionally, increase in safety in work environment, reduction in fatal accidents and improved employee safety issues will also positively affect the robotics industry growth.
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Furthermore, attenuation of time consumed in advertising the product is another key driver for the growth. Other factors include the rising adoption of robotics in industries, government initiatives on tax exemption, and increasing adoption of small sized controllers by OEMs are further expected to fuel the industry growth over the forecast period. Although, lack of skilled labor and high installation costs may hinder the industry growth over the forecast period.
The market has been categorized based on the types of robots and application. The type of robots include SCARA, Cylindrical, Articulated, and Cartesian. Based on the application, the automotive robots can be segregated into material handling robots, paint robots, assembly line robots, and industrial welding robots.
Material handling robots are estimated to contribute majorly in the industry owing to ability to handle delicate materials such as ceramics and glass and the ability to work in harsh environment with flexibility in operations. These robots perform various functions such as packing, loading & unloading, selection, palletizing, machine disengaging or feeding.
Furthermore, the flexibility of articulated robots to work in every direction in assembly line will enhance the market growth. Ability of these robots to handle high payloads such as chassis and other heavy parts are expected to fuel the market growth over the forecast period.
SCARA robots are majorly installed for loading, unloading of heavy machineries, vertical assembly operation, and assembly and transferring the components. Other robots which include Cylindrical, Polar and Cartesian are employed in large movement range with small payload including pick & place applications, and painting the machine parts.
Increasing R&D projects in APAC countries such as China, Japan owing to accelerated manufacturing opportunities is expected to fuel the market growth. Furthermore, growing demand for sophisticated motion control technology is also projected to spur the demand. North America region is anticipated to grow at a steady rate owing to OEMs are heavily investing for modernization, robotization, and automation.
The automotive robotics industry is highly competitive market/ industry. The key industry competitors include ABB Robotics, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA, and Yaskawa Electric Corporation. Other prominent players in the market include Omron Adept Technologies Inc., Kawasaki Robotics, Epson Robotics, Denso Robotics, Apex Automation and Robotics, Nachi Robotic Systems Inc. Mitsubishi Electric Corporation and TM Robotics Ltd.
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R&D, merger & acquisition and strategic partnership are few strategies followed for broadening the product portfolio. Fanuc Corporation and Cisco have announced the strategic partnership for Industrial Internet of Things (IIoT) to help them in monitoring the robots on the factory.
The local vendors of automotive robotics are struggling to remain in the competition by modernizing new technologies, nevertheless the established international players lead global market in terms of product durability, technological innovations, reliability, and quality.
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