Polaris Market Research has published a detailed report on the global Automotive Robotics Market, offering valuable insights for stakeholders. The report covers key aspects, including global market value, competitor market share, and regional distributions. It highlights current market trends and identifies future growth opportunities, providing essential data to help businesses navigate the evolving market landscape. This comprehensive analysis equips stakeholders with actionable information to make informed decisions and stay competitive. By addressing market dynamics, challenges, and emerging opportunities, the report serves as a critical resource for understanding the complexities of the Automotive Robotics market and planning strategic actions effectively.
Global automotive robotics market size and share is currently valued at USD 9.97 billion in 2023 and is anticipated to generate an estimated revenue of USD 28.47 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Rising demand for automation in automotive manufacturing to improve efficiency and reduce production costs.
- Increasing adoption of robotics in electric vehicle (EV) assembly lines.
- Advancements in artificial intelligence and machine learning for robotic applications.
- Growing need for precision and quality in automotive production.
- Government incentives for Industry 4.0 and smart factory initiatives.
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Key Companies in Automotive Robotics Market:
- ABB
- Acieta
- DENSO Corporation
- DiFACTO
- FANUC America Corporation
- Kawasaki Heavy Industries, Ltd.
- KUKA AG
- Mitsubishi Electric Corporation
- NACHI-FUJIKOSHI CORP
- Rockwell Automation
- TECHMAN ROBOT INC.
- Universal Robots A/S
- YASKAWA ELECTRIC CORPORATION
Automotive Robotics Market Research Scope
The market research scope for automotive robotics includes an analysis of their applications in various stages of automotive manufacturing, such as assembly, welding, and painting. It examines technological advancements in AI, machine vision, and collaborative robotics that enable enhanced automation. The study evaluates the adoption trends across regions, including emerging markets, and explores the impact of electric vehicle (EV) production on robotics demand. It also focuses on industry challenges like high initial investment and system integration complexities, alongside opportunities in Industry 4.0-driven smart factories.
Automotive Robotics Market Segmentation:
Market segmentation for automotive robotics is based on type, application, component, and region. Types include articulated, SCARA, Cartesian, and collaborative robots. Applications cover welding, assembly, material handling, and painting. Components are segmented into controllers, robotic arms, sensors, and end-effectors. Regional segmentation highlights growth in Asia-Pacific due to its strong automotive manufacturing base, while North America focuses on advanced automation solutions.
Automotive Robotics Market, Type Outlook (Revenue – USD Billion, 2019-2032)
- Articulated Robots
- SCARA Robots
- Cartesian Robots
- Cylindrical Robots
- Others
Automotive Robotics Market, Component Outlook (Revenue – USD Billion, 2019-2032)
- Controller
- Robotics Arm
- End Effector
- Drive
- Sensor
- Others
Automotive Robotics Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Painting
- Welding
- Material Handling
- Assembly
- Others
Automotive Robotics Industry Developments:
- May 2023: ForwardX Robotics, a global provider of autonomous mobile robots (AMRs) and manufacturing solutions, launched its latest AMR, Lynx. Designed as a “tugger” robot, Lynx addresses the unique logistical challenges faced by the automotive industry, offering innovative solutions for material handling and transportation.
- January 2024: Figure, a California-based company specializing in autonomous humanoid robots, signed a commercial agreement with US BMW Manufacturing Co. to deploy its general-purpose robots in automotive manufacturing environments. This partnership aims to enhance efficiency and automation in BMW’s production processes.
- November 2023: ABB unveiled the IRB 930 SCARA robot, engineered for automating pick-and-place and assembly tasks. This advanced robot is optimized for fast point-to-point operations, capable of handling high payloads and operating efficiently across large work areas, catering to diverse industrial applications.
The Automotive Robotics market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.
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