The global automotive robotics market was valued at USD 4 billion in 2021 and is estimated to reach USD 13.03 billion till 2026 at a compound annual growth rate of 10.87 during the forecast period of 2021-2026.
Robotics is the division of science and engineering that include mechanical, computer science, electrical and engineering streams. Robotics can complete construction, operation, designing, and utilization of robot. This technology can create machines that can take place of people.
Automotive robots are made up for supporting the manufacture of automobiles in the automotive industry. Automotive industry is largest industry in globally. 126000 units are installed in globally, 95% of top automotive companies with revenue grater than 11 billion dollars it is expected that there will high growth in robotics and automation during the forecast period. Moreover, 80% of automotive industry lack of faster change to rise revenue, safety and profit. This is an opportunity for robot manufactures.
Nowadays, the automotive industry uses industrial robotics in the production process. Articulated robots accounted for the significant portion of automotive industry and by function, welding has extensive use of robots in automotive industry. Robotics system use in the automotive industry are efficient, safe and cost effective and they are capable of discharge their job faster than their human work.
ABB is leading supplier of robotics and robotic supplier has announced to acquired SVIA, provider in the market of robot automation cell for machine tending. This acquisition will increase ABBs portfolio such as automotive, electronics, and smart phone manufacturing.
KUKA robotic has launched 3D model printing robotic technology at FABTECH. It is powerful combination for design lightweight and inexpensive component.
Automotive robots have several applications such as commercial and household. Commercial robots are being used in various industries including medical, agriculture, military and automotive. Articulated robots took prime share in automotive robotic products.
Producers are acquiring this technology for many reasons such as quality, safety, and producing capacity. Automotive robotics helps in reducing the waste caused by human errors. Auto producers take efforts to maintain consistent time and control process of every stage of assembly line.
Vehicle producing processes consist of various dangerous tasks that lead to musculoskeletal disorders due to lifting, repetitive movements, twisting. This prevents human risks by keeping away from welding and paints which will increases the growth of the automotive robotics market.
The global automotive robotic market is segmented by product, by application, by components, and region.
By products, the global automotive robotics market is divided into Articulated, SCARA, parallel, cylindrical, cartesian. Articulated robots are showing dominance in this segment due to increasing usages of material handlings, material removal, welding, and dispensing. It is expected to take 35% automotive robotic market revenue by 2024. Articulated robots are increasing productivity with high accuracy in the companies. Micro-manufacturing is a key factor that contributes to the parallel robot segment demand.
By component, the global automotive robotic market is divided into hardware (arms, controllers, end effectors, drive and sensor) software and service. Software and services will dominate this segment by taking 27% market share by 2024, due to cloud-based platform, which will increases the growth of the market.
New technology in hardware components, such as drives, arms, controllers, end effectors is driving the growth of this segments. This segment generated 3 billion dollars in 2018.
By application, the global automotive robotic market is divided into welding, handing operations, assembly, paints and dispense. Handling operation dominated this segment over taking 5.5% market share by 2024, due to increasing installation in vehicles producing plants. This product is required for lift heavy material in bulk quantities and transfer assembled vehicles from assembly vehicle from one to another.
By region, the global automotive robotic market is spread across North and Latin America, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa and Western Europe.
Asia Pacific automotive robotics market leads revenue share globally. It was worth USD 2509.8 million in 2017 because of increasing labour cost and aging population in china. China automotive robotic market has increased in past five years due to Automobile 4.0, covering packaging machinery, welding, covering hydronic, IPS drives and fluid power. Korea and Japan are leading countries for using automotive robotics.
North America is estimated to grow at a compound annual grow rate of 13.7% during the forecast period, and revenue was USD 1 billion in 2017. This region show fastest growth due to robotization, automation, and modernization.
The Europe automotive robotic market is led by Italy and Germany. It is estimated to grow at a compound annual growth rate of 3.5% from 2018 to 2025. Due high presence of strong automobile industry in this region. in this region most of the countries suffering from economic recession such as Austria, Netherlands, Spain, and Finland, retrieval of this it will increases demand for market growth.
Yaskawa is considered to be the leading company in global automotive robotics business.
Key players in automotive robotic market are KUKA, ABB, FANUC, Rockwell, Kawasaki Heavy Industries, Yaskawa, Comau, Denso Wave, Omron Corporation, and Universal Robots.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Robotic Market, By Product
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Automotive Robotic Market, By Application
6.2.2 Handing Operations
6.2.4 Paints and Coatings
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Automotive Robotic Market, By Component
18.104.22.168 End Effectors
22.214.171.124 Drive and Sensor
6.3.2 Software and Service
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Application
7.2.4 By Component
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.3.4 By Component
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.4.4 By Component
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.5.4 By Component
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Product
7.6.3 By Application
7.6.4 By Component
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.5 Kawasaki Heavy Industries
8.8 Denso Wave
8.9 Omron Corp
8.10 Universal Robots
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures