Global Automotive Robotics Market expected to value at USD 13.6 billion by 2025. The market subjects to witness substantial growth. This is due to the rise in the implementation of automation and robotics in the automotive sector. Adoption of automation and robotics in manufacturing processes has changed. The overall outlook of the automotive industry changed since a few decades ago.
Implementation of Automation in Automotive Sector by 2025
Additionally, the rise in initiatives has been taken by the regional governments. They promote the use of automation in manufacturing processes. These are likely to boost the sales of automotive robots. Such initiatives include tax exemptions and tax cuttings. Thus, reduces overall manufacturing cost and elevates the manufacturing opportunities for industry players across the globe. Such factors are anticipated to drive the growth of the market in upcoming years. Globally, the automotive robotics market is predicted to grow at CAGR of 13.8% in the forecast period. They provide numerous opportunities for market players to invest in research and development in the market.
Articulated Robotics is one of the fastest growing segments in the automotive robotics industry with highest revenue generation in recent years. Increasing adoption of articulated robot is credited to the flexibility and degree of freedom. Articulated robots are primarily used in the large-scale assembly line with six axes movement. Some of these application includes welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. Increasing the number of application of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry. Forex Market and Blockchain
Increasing the adoption of robotics in the automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope. Latest trends involve increasing the adoption of robots for spot welding application. It is expected to propel the growth of the automotive robotics market in coming years.
Selective Compliance Assembly Robot Arm (SCARA) robots have witnessed higher CAGR in the automotive robotics industry during the forecast period. The wide range of application of SCARA robots includes vertical assembly operations, loading, and unloading of heavy work-pieces, transferring of components, and assembly.
Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop & pick operations with smaller payload capacity. While an assembly robot such as articulated robotics need smaller space for its operations and work with high precision and speed.
Implementation of Robotics in Automotive Sector by 2025
Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufacturers. Some of these advantages include superior quality, lower maintenance costs, higher capacity and superior performance with minimum human intervenes. A major application of the robots includes spot welding and painting. Adoption of the robots during the supply of chain operations is on the rise. Early adoption of the automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frame during manufacturing processes coupled with process control at each step in the production line.
Divisions of Regional Markets:
The market is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America and Africa.
@ North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence well-established industrial infrastructure.
@ Asia-Pacific region is predicted to hold major market share in the automotive robotics market with massive growth in the forecast period.
@ Countries such as Korea, China and Japan are leading the Asia-Pacific market with an increase in the domestic manufacturing, the rise in the adoption of robotics and numerous joint ventures with foreign companies. The key players in the automotive robotics industry are ABB Robotics, Fanuc Co., Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.