Automotive Robotics Market Top Players | Industry Report 2022
The report "Automotive
Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical),
Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application
(Welding, Painting, Cutting, Material Handling), and Region - Global Forecast
to 2021", The automotive robotics market is estimated to be USD 5.07
Billion in 2016, and is projected to grow to USD 8.44 Billion by 2021, at a
CAGR of 10.74%.
Browse 86 market data tables and 49 figures spread
through 138 pages and in-depth TOC on “Automotive Robotics Market”
Automotive robotics is still in a growing phase. Additionally, increasing
industrial plans such as Industry 4.0 of Germany and Made in China 2025
(MiC2025) of China would trigger growth in the automotive robotics market.
Furthermore, increased focus on automation, to mitigate the risk arising from
increasing labor costs, can provide a strong impetus to the demand for
automotive robotics market.
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Articulated Robots to hold the largest share in the
automotive robotics market, by type
The articulated robot segment is estimated to account for
the largest share in the automotive robotics market. The articulated robot is
more widely present in the market as compared to Cartesian, cylindrical, SCARA
(Selective Compliance Assembly Robot Arm/ Selective Compliance Articulated
Robot Arm) robots due to its higher degree of freedom that provides a
manufacturer a larger work envelope and can be used for multiple applications.
Robotics Controller: A promising market due to growing
global demand for automotive robotics
Development in advanced technologies and consistent growth
in demand for automated solutions is a contributing factor for growth in the
robotics controller market. In terms of region, Asia-Pacific market is projected
to have the largest market share in automotive robotics controller market by
2021. The region is projected to be primarily driven by increasing demand for
sophisticated motion control technology. Furthermore, in developed
countries such as the US and Europe, the focus on further enhancing cost
competitiveness amongst all major automotive OEM’s is expected to result in
growing demand for advanced controllers in the automotive industry.
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Asia–Pacific: Largest market for automotive robotics
Asia–Pacific is estimated to account for the largest share,
in terms of value, of the automotive robotics market in 2016. Improved
employment outlook and overall macroeconomic indicators across Asia- Pacific
region bode well for the vehicle sales outlook in years to come. One of the key
drivers for the growth of automotive robotics is the continuous demand by
automotive OEM’s especially in Asia-Pacific region to automate their production
facilities which can reduce time-to-market with greater control over production
activity.
The report analyzes all major players in the automotive
robotics market, including ABB (Switzerland), FANUC Corporation (Japan),
Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy
Industries (Japan).
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