Title: Automotive Robotic Market analysis research and trends report for 2017-2024
1Automotive Robotics Market Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Automotive Robotics Market
- Growth in automobile industry is creating
positive impact over the implementation of
advanced products to meet the customer demand. - Necessity for better productivity and proper
functioning of assembly lines in vehicle
production has enhanced industry growth. - Increasing demand from applications such as
welding, robotic processing, painting dispense,
and handling operations will augment the industry
growth rate. - Growth in RD activities will support the
industry growth. It has unlocked multiple avenues
for automakers to offer its customers with
increased versatility, flexibility, and
reliability.
3 Continued...
- Reduced cost, low energy consumption, and
enhanced product quality owing to usage of
improved quality sensors, electronics, and
software programming will propel the industry
demand. - SCARA robots used in the automobile industry will
cross over 33 thousand units by 2024. - Automotive robotic controllers are the most
commonly used hardware with a CAGR of over 4 in
the forecast period. - Europe is estimated to have 3.5 CAGR from 2017
to 2024.
4U.S. Automotive Robotics Market Size, By Product,
2013 2024 (USD Million)
5Industry Coverage
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7360 Analysis
- Product Analysis
- Articulated robot market size will account for
over 35 share by 2024 owing to its increase
usage in material handling, welding, material
removal and dispensing. They have usually four to
six axes but with advanced technologies and
development it may have up to ten axes, making
them more versatile. - Regional Analysis
- China automotive robotics market has increased
drastically in past two to three years owing to
increasing Automobile-4.0-Robotics program
covering hydronics, packaging machinery, welding,
process equipment, SPS IPC drives, and fluid
power. - North America automotive robotics market was over
USD 1 billion in 2016 owing to automation,
modernization, and robotization as the primary
investments for OEMs. - Competitive Market Share
- The key industry participants in the automotive
robotics market are KUKA, ABB, FANUC, Rockwell,
Kawasaki Heavy Industries and Yaskawa. Other
industry participants are Comau, Denso Wave,
Omron Corporation, and Universal Robots.
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