Automotive Robotics Market, By Type (Articulated, Cylindrical, SCARA, Cartesian, Others), By Component (Controller, Robotic arm, End effector, Sensors, Drive, Others), By Application (Welding, Painting, Cutting, Material Handling, Others), By Region – Global Analysis Forecast Till 2030

The Worldwide Automotive Robotics Market size was valued at USD 6.72 billion in 2021 and is predicted to reach USD 18.45 billion by 2030 with a CAGR of 12.6% from 2022-2030.

The field of engineering defined as robotics is focused on creating and designing robots. A robot is a pre-programmed machine that can carry out tasks autonomously or partially autonomously for the benefit of a business. It involves creating, building, and programming psychological robots to address numerous operational and industrial issues. Robotics is a diverse area of artificial intelligence technology where there are many opportunities to work with renowned businesses both domestically and abroad. From industrial robots to experimental ones for the medical, military, and automotive industries, the future of robotics provides immense possibilities for developing experts.

Robots were initially employed to carry out straightforward jobs like pick and place. They were compelled to assist with laborious, risky, monotonous, and repetitive duties because they had any external sense. The integration of various sensors has advanced to handle complex applications including grinding, welding, assembling, and deburring. In the automotive business, robots have long been in use. They assist with all significant manufacturing processes, including material handling, assembly, and process operations. Automotive robots help reduce the wastage of raw resources while also boosting manufacturing facilities' productivity. They are also less expensive and more accurate than humans in completing a particular task.

Market Dynamics:

Drivers:

The increasing demand for automobiles around the world is the main factor driving the automotive robots market. Vehicle production has expanded dramatically over the past few years as a result of population growth and rising urbanisation. Due to this, there is now more need for automotive robots that can aid in production operations. Other advantages of automotive robots include increased production, adaptability, and safety. Throughout the projected period, these factors are anticipated to fuel the market for automotive robots.

Restraints:

Expensive industrial robots hinder market expansion.

A significant upfront investment is required and the slow growth of the US automotive sector can be considered a major challenge for the global automotive robotics market.

Key players:

• ABB

• KUKA AG

• FANUC CORPORATION

• YASKAWA ELECTRIC CORPORATION

• Comau

• NACHI-FUJIKOSHI CORP

• Rockwell Automation, Inc

• Seiko Epson Corporation

• Denso Wave incorporated

• Kawasaki Heavy Industries, Ltd

Market Segmentation:

• By Type

  • Articulated

  • Cylindrical

  • SCARA

  • Cartesian

  • Others

• By Component

  • Controller

  • Robotic arm

  • End effector

  • Sensors

  • Drive

  • Others

• By Application

  • Welding

  • Painting

  • Cutting

  • Material Handling

  • Others

• By Region

  • North America

    • Us

    • Canada

    • Mexico

  • Europe

    • Uk

    • Germany

    • France

    • Italy

    • Rest Of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest Of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Regional Analysis:

Asia Pacific dominated the revenue share of global automotive robotics market in 2018. This region is expected to continue to dominate over the forecast period, owing to growing demand from automakers, particularly in China and Japan. There are numerous OEMs as well as aftermarket service providers for automotive robots in the Asia Pacific region.

Increasing investment in these countries is expected to propel regional growth over the forecast period. Furthermore, the European market is also expected to grow at a significant rate during the forecast period owing to increasing automation in several manufacturing industries such as steel and textile machinery production, aluminum production and chemical processing equipment manufacturing.

Scope Of the Report: 

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