- Opportunity and Forecast, 2016-2025
Automotive industry has intensively implemented robotics for providing better services along with new features over the past few years. From introduction in production lines for improving efficiency and cut labor costs to including various features in products, robotics has proved to be the revolutionary application. Automotive robotics include different applications, such as human-robot collaboration, robotic vision, robotic hand, robotic painting, and others. It has helped manufacturers to enhance productivity, safety, and reliability, which in turn, reduced production costs and delivery time. For these reasons, manufacturers have invested huge amount in robotics to facilitate production lines and reap great benefits.
Growth in adoption of industrial robots, rise in production capacity, inclination toward sustainable processes, and growth of the automotive industry drive the growth of the market. Increase in investments in novel technologies and emerging markets is expected to positively impact the industry. Increase in investments in R&D activities and innovation are expected to create new avenues in the industry.
The global automotive robotics market is segmented based on products, functions performed, end users, and geography. Key functions are further classified into encapsulate welding, painting, assembling, cutting, dispensing, and others. Based on products, the industry is further segmented into articulated robots, SCARA robots, Cartesian robots, and others. Geographically, the industry is classified into North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa.
Major industry players operating in the global automotive robotics market are Comau SpA, Denso Wave, ABB Group, Drr, Harmonic Drive System, Fanuc Corporation, KUKA, Kawasaki Heavy Industries, Nabtesco Motion Control, Omron Corporation, and Reis Gmbh & Co. These players have implemented strategies, such as mergers & acquisitions, collaborations, joint ventures, partnerships, expansion, new product launches, and others to consolidate their position in the global industry.
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