Automotive Robotics Market Size & Analysis – Forecasts To 2025 - PowerPoint PPT Presentation

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Automotive Robotics Market Size & Analysis – Forecasts To 2025

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Title: Automotive Robotics Market Size & Analysis – Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Automotive Robotics
Market 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.
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.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS 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. 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. 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.
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS 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.
  • 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.
  • In July 2017, Comau signed deals with two new
    robotics and automation partners in Greece and
    Argentina.
  • The report segments the Automotive Robotics
    Market on the basis of By Product
  • Articulated
  • Cartesian
  • Cylindrical
  • Polar
  • Parallel
  • SCARA

4
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • 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

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at https//www.globalmarketestimates.com/annual-
research-partnership-services/
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