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North America Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

North America Automotive Robotics Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Automotive manufacturing industry is one of largest industries which shares more than 49% demand of automotive robotics globally. It is one of the very first industries which adopted the concept of automated robots whole heartedly for the manufacturing process. General Motors was the first company to implement automated robots for car manufacturing in 1962. Robotic systems in automotive industry are used to assist various manufacturing processes such as welding, painting, dispensing, material handling among others. Rising demands for automobiles globally made the manufacturers to shift towards automotive robotics in manufacturing as the conventional methods are inappropriate to meet present demand.

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Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotic Market

Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotic Market

Automotive robotics is still in a growing phase. Additionally, increasing industrial plans such as Industry 4.0 of Germany and Made in China 2025 (MiC2025) of China would trigger growth in the automotive robotics market. Furthermore, increased focus on automation, to mitigate the risk arising from increasing labor costs, can provide a strong impetus to the demand for automotive robotics market.

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Global Automotive Robotics Market is expected to CAGR of 10% by 2022: Vendors-Harmonic Drive System and ABB Group

Global Automotive Robotics Market is expected to CAGR of 10% by 2022: Vendors-Harmonic Drive System and ABB Group

Automotive Robotics Market system is used to assist the manufacturing process in the automotive industries such as assembling, welding, cutting, dispensing, painting and others. The usage of the automotive robotics in the manufacturing process helps reducing the operational cost as it helps improve quality & operational flexibility, decrease production & manufacturing errors, and also reduce wastage of the raw material. Moreover, Increased concerns for labor safety, the adoption of automation to ensure quality production, and to meet market demand on time are the main drivers which is expected to contribute in the growth of the automotive robotics market. The global automotive robotics market is expected to show a growth at CAGR of about 10% from 2016 to 2022.

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How Automotive Robotics impacts the Automobile industry

How Automotive Robotics impacts the Automobile industry

Global Automotive Robotics Market is Expected to Grow at a CAGR Exceeding 11% till 2024

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Automotive Robotics Market to surpass USD 16 Billion Till 2024 - Industry Analysis by Hexa Research

Automotive Robotics Market to surpass USD 16 Billion Till 2024 - Industry Analysis by Hexa Research

The global automotive robotics market is expected to grow at a CAGR exceeding 11% over the forecast period (2016 - 2024). The industry is expected to surpass USD 16 billion by 2024. Demand for vehicles like cars, trucks, off-road vehicles, busses, and two wheelers is a key factor driving the industry.

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Automotive Robotics Market Solutions 2025 | Challenges and Global Market Analysis

Automotive Robotics Market Solutions 2025 | Challenges and Global Market Analysis

Global Automotive Robotics Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.

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Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotic Market

Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotic Market

The articulated robot segment is estimated to account for the largest share in the automotive robotics market. The articulated robot is more widely present in the market as compared to Cartesian, cylindrical, SCARA (Selective Compliance Assembly Robot Arm/ Selective Compliance Articulated Robot Arm) robots due to its higher degree of freedom that provides a manufacturer a larger work envelope and can be used for multiple applications.

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Automotive Robotics Market - Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2024

Automotive Robotics Market - Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2024

The global automotive robotics market is predicted to grow at a CAGR surpassing 11% over the forecast period (2016-2024).

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Automotive Robotics Market Size, Share & Industry Analysis - Global Forecast 2021 | MarketsandMarkets

Automotive Robotics Market Size, Share & Industry Analysis - Global Forecast 2021 | MarketsandMarkets

The global Automotive Robotics Market is estimated to be USD 5.07 billion in 2016, and is projected to reach USD 8.44 billion by 2021, growing at a CAGR of 10.74% from 2016 to 2021.

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Robotics Controller: A promising market due to growing global demand for automotive robotics

Robotics Controller: A promising market due to growing global demand for automotive robotics

Development in advanced technologies and consistent growth in demand for automated solutions is a contributing factor for growth in the robotics controller market. In terms of region, Asia-Pacific market is projected to have the largest market share in automotive robotics controller market by 2021. The region is projected to be primarily driven by increasing demand for sophisticated motion control technology. Furthermore, in developed countries such as the US and Europe, the focus on further enhancing cost competitiveness amongst all major automotive OEM’s is expected to result in growing demand for advanced controllers in the automotive industry.

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