Automotive Robotics Market Size & Analysis - Forecasts To 2025 By Product (Articulated, Cartesian, Cylindrical, Polar, Parallel, SCARA), By Component (Software & Services, Hardware [Controllers, Arms, End Effector, Drive, and Sensor]), By Application (Welding, Assembly, Processing, Handling Operations, Paint & Dispense); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates
Automotive Robotics Market Insights
The global automotive robotics market is anticipated to witness a CAGR of 11% over the forecast period. The system mostly finds its application in the production processes due to its reduced operational cost, improved quality & operational flexibility, decreased production & manufacturing errors, and minimum wastage of the raw material.
Factors such as rising concerns towards employee safety and increased acceptance of automation are expected to contribute to the growth of the overall automotive robotics market. Also, Introduction of Programs such as “Industry 4.0” by the German government and “Made in China 2025” by the Chinese government is likely to provide an incentive to drive the industrial demand for robotics.
Automotive Robotics Market: Product Insights
The automotive robotics market is segmented into Articulated, Cartesian, Cylindrical, Polar, Parallel, and SCARA, based on products. SCARA robots are projected to grow at a CAGR of more than 13% over the coming years. SCARA robots find its application in loading & unloading heavy work pieces vertical assembly operations, and transfer & assembly of components.
The demand for articulated robotics is anticipated to register a CAGR of 14% over the coming years. The articulated robots are mostly employed in the assembly line attributing to their comparatively higher flexibility. Other robots including cartesian, cylindrical and polar which are generally used in painting applications which requires small payload but a large movement range.
Automotive Robotics Market: Component Insights
Based on components, the automotive robotics market is classified into hardware and software & services. Hardware segment is further divided into controllers, arms, end effector, drive, and sensor
Increasing technological advancements in hardware components, such as controllers, arms, end effectors, drives, and sensors, are likely to boost the demand for hardware over the forecast period. Growing acceptance of small-sized controllers by various OEMs is predicted to drive the segment growth over the coming years.
Controllers held the majority share of the overall automotive robotics hardware market in 2016. It is mostly used in the manufacturing process due to its continuous technological advancements in the industry.
Software & services segment is projected to register a significant growth over the forecast period. Technological advancements in this segment such as cloud-based platform are likely to fuel the industry growth over the forecast period.
Automotive Robotics Market: Application Insights
The automotive robotics market is segmented into Welding, Assembly, Processing, Handling Operations, and Paint & Dispense, based on application. The robotic assembly market accounted for more than 16% of the total industry share in 2016.
The material handling segment accounted for the largest market share in 2016 and is further projected to grow at a CAGR of 14% over the forecast period. Material Handling incorporates various functions such as packing, palletizing, part selection, transferring, loading and unloading, machine feeding or disengaging.
Automotive Robotics Market: Regional Insights
North America market recorded more than USD 1 billion in 2016 due to advanced automation, and robotization. Factors such as reduced cost coupled with competitive advantage are anticipated to augment the regional automotive robotics market growth. However, government regulations in favour of labors are likely to hamper the product market size over the years
Europe accounted for a significant share of the global automotive robotics market in 2016 attributing to increasing number of automobile industries in this region.
Automotive Robotics Market: End-use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global automotive robotics market. The major consumers of the product are Arthrex and Devon Energy amongst others.
Automotive Robotics Market: Competitive Landscape
Major players operating in the global automotive robotics industry include ABB Ltd, KUKA AG, and Yaskawa Electric Corporation, and Robotic Industries Association (RIA) amongst others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2017, Comau signed deals with two new robotics and automation partners in Greece and Argentina.
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The global Automotive Robotics Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Automotive Robotics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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