Automotive Robotics Market Synopsis
Robotics for automotive has already gained quick mileage in recent years. It is presumed to witness increasing applications across the industry over the next few years. This report offered by Market Research Future (MRFR) unravels that the global automotive robotics market is presumed to mark 10% CAGR over the review period 2016 to 2022. Some of the applications in the industry that leverages the technology are – assembling, cutting, welding, dispensing, and painting among others.
Increasing demand for automobiles has motivated the adoption of the technology in the industry. It is supposed to drive the growth of the automotive robotics inc market over the next couple of years. In addition, the utilization of robotics in the industry ensures a reduction in the operational costs, thus, increasing profit margin. This, in turn, is poised to open new growth channels for the players in the automotive robotics market in the coming years.
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The amendments in labor laws around the world have elevated the safety standards in the industries. It has encouraged the adoption of robotics across industry domains. The factor is also anticipated to bear a positive influence on the expansion of the market for car robotics in the foreseeable future.
Denso Wave Incorporated
Harmonic Drive System
Nabtesco Motion Control, Inc.
Kawasaki Heavy Industries (Kawasaki Robotics)
are some of the few crucial players operating in the global automotive robotics market. These players are focusing on the development of innovative technologies to strengthen their holding in the market. Also, investments in research & development are anticipated to increase over the next couple of years. It is presumed to intensify competition among the domestic and international players of the market. The rising popularity of the technology is supposed to pave the way for new entrants in the automotive robotics market in the years to come. Some of the growth strategies to be employed by market participants are – strategic alliances, mergers & acquisitions, collaborations, agreements, etc.
In November 2019, Tata Consultancy Services (TCS), an IT major based out of India, has announced its partnership with Qualcomm Technologies, Inc., for the launch of an innovation hub in Hyderabad, India.
In November 2019, a manufacturer of collaborative robots, Doosan Robotics, has announced the opening of its new US headquarters for expansion of distribution in Americas.
By product type, the automotive robotics market has been segmented into SCARA Robot, articulated robot, and cartesian robot.
By type, the automotive robotics market has been segmented into hardware, software, and service.
By application, the automotive and robotics market has been segmented into gripping, stamping, welding, painting, assembly, and others.
The geographic study of the global automotive robotics market included in this MRFR report spans across four major regional segments, namely North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These segments are assessed on a country-level basis to provide an impactful intelligence.
North America is presumed to exhibit an exceptional growth rate owing to the increasing adoption of the technology across industries. The region also houses some of the leading vendors of the technology, which is anticipated to support the proliferation of the automotive robotics market in the coming years. It has been observed that the regional market has been quick to adopt new technologies. Thus, innovations in robotics are poised to drive the growth of the automotive robotics companies market in the region. Europe has a developed automotive industry, which is anticipated to work in favor of the growth of the regional market. It is also presumed to witness a steep rise in growth curve in the upcoming years.
Table Of Content
1. REPORT PROLOGUE
2.2. SCOPE OF THE STUDY
2.2.1. RESEARCH OBJECTIVE
2.3. MARKET STRUCTURE
2.4. MARKET SEGMENTATION
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
4. MARKET DYNAMICS
4.1. DRIVERS & OPPORTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
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LIST OF TABLES
Table 1 Global Market: By Product Type, 2014-2022 (USD Billion)
Table 2 SCARA Robot: Global Market, By Region, 2014-2022 (USD Billion)
Table 3 Articulated Robot: Global Market, By Region, 2014-2022 (USD Billion)
Table 4 Cartesian: Global Market, By Region, 2014-2022 (USD Billion)
Table 5 Global automotive robotics engineering Market: By Type, 2014-2022 (USD Billion)
Table 6 Hardware: Global Market, By Region, 2014-2022 (USD Billion)
Table 7 Software: Global Market, By Region, 2014-2022 (USD Billion)
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