Automotive Robotics Market

1. Automotive Robotics Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The automotive robotics market size was valued at USD 9 billion in 2020 and is expected to expand at a significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rising need for alternative source for unskilled labor, increasing per capita income, and rising demand for automobile all over globe. A roboticsis the branch of engineering and science that include computer science, electrical, mechanical, and other engineering branch. Robotics achieves the construction, operation, designing, and utilization of robot. These technological developments are used to build machines that can replace labors. These robots are used in different functions which are widely divided as household and commercial. The covid-19 pandemic affected the demand and supply of the automotive roboticsmarket. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the covid-19 pandemic is expected to contribute to the market growth over the forecast period. Market Trends, Drivers, Restraints, and Opportunities  Increasing adaption of robotics and automation within automotive industry is projected to boost the market in the coming years. Emerging need for saving launch time is the major the factors fueling the market during the forecast period. High cost of industrial robots is anticipated to hamper the market expansion in the coming years. Lack of skilled labors is projected to restrict the market growth in the coming years.   

2.  R&D investment and technological advancement in automotive roboticsmarket is projected to offer lucrative opportunities for the market players. Sample - https://growthmarketreports.com/request-sample/1157 Market Segment Insights The robotic arm segment accounts for a key share of the market Based on component types, the automotive roboticsmarket is segregated into drive and sensors, controller, robotic arm, and end-effector. The robotic arm segment is expected to grow at a rapid pace during the forecast period. Growth of the market is attributed to rapidly expanding industrial sector and rising demand for vehicle production. However, the end-effector segment is anticipated to expand at a rapid pace during the forecast period due to factors such as reduced application cost, increased concern for labor safety, and rising need to increase productivity. The articulated robot segment accounts for a significant share of the market On the basis of product types, the automotive roboticsmarket is segmented into articulated robot, Cartesian robot, SCARA robots, and other product types. The articulated robot segment accounts for a significant share of the market. Growth of the market is attributed to reduced manufacturing and production errors and increasing technological research. The Cartesian robot segment are anticipated to expand at a rapid pace during the forecast period due to factors such as rising need for accident-free environment, rapid development in advanced technologies, and less wastage of raw material. The welding robot segment accounts for a major share of the market Based on function types, the automotive roboticsmarket is divided into painting robot, assembling and disassembling robot, cutting and milling robot, and welding robot. The welding robot segment accounts for a major share of the market. Growth of the market is attributed to increasing demand for automated solutions and high investment in emerging market. The cutting and milling robot segment are anticipated to expand at a rapid pace during the forecast period due to factors such as improved operational flexibility and quality and wage inflation. The automotive component manufacturers segment is projected to hold a major market share Based on end-user types, the automotive roboticsmarket is bifurcated into automotive component manufacturers and vehicle manufacturers. The automotive segment is estimated to expand at a rapid pace during the forecast period. The automotive sector includes a broad range of organizations and manufactures involved in development, marketing, design, and selling of automobiles. By revenue, the automotive industry is a major industry in the world. The market in Asia Pacific is estimated to hold major market share On the basis of region, the automotive roboticsmarket is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to rising encouragement by government organizations for adaptation of robotic technologies across region and increasing demand for quality control. The market of Asia Pacific is expected to hold major market share due to increasing per capita income, rising demand for robotics in automotive industry, and increased investment in production capacity.

3. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1157 Competitive Landscape Key players competing in the automotive roboticsmarket include Nachi-Fujikoshi Corp., Kawasaki Robotics, ABB, Yaskawa Electric, FANUC, Omron Adept Robotics, Honda Motor Co., Ltd., KUKA Robotics, Harmonic Drive System, RobCo S.W.A.T. Ltd., Yamaha Robotics, Siasun Robot & Automation Co., Ltd., Rockwell Automation, Inc., and Panasonic Welding Systems Co. Ltd. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter