By 2026, Automotive Robotics Market size to cross USD 14,170 MN

The Automotive Robotics market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

Delaware, Selbyville - June 13, 2019 /MarketersMedia/ —

Asia-Pacific generated the highest revenue in the market in 2017 and is expected to lead the global market throughout the forecast period. Growing demand from automotive industry for high quality products, along with increasing labor costs encourages companies to invest in automotive robotics. With intense competition in the automotive industry, companies are setting up manufacturing facilities in these countries for timely deliveries of products to their customers. High demand of robots from Japan and South Korea would help in the growth of the automotive robotics market in the region. Other factors driving this market include rapid industrialization and increasing need for automation in manufacturing processes.

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The Automotive Robotics Market is anticipated to reach over USD 14,170 million by 2026 according to a new research. In 2017, the articulated robots dominated the global automotive robotics market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global automotive robotics market revenue in 2017.

There has been an increase in the demand of automotive robotics across the world owing to greater need for automation of manufacturing processes. With the increasing use of collaborative robots in automotive applications, the overall demand for robotics to also influence the automotive robotics market growth. Automotive robots are being adopted by small and medium sized organizations at a huge pace for automation of manufacturing processes.

With international labor safety standards becoming more stringent, robots are being employed in hazardous environments in place of humans. Robots find application in situations that are dangerous and unsafe for human beings to work, such as working in irregular terrains and handling hazardous substances. Robots enable organizations to avoid risks and reduce the number of work accidents. This factor leads to greater adoption of robotics solutions in the global automotive industry.

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Owing to stiff competition in the global automotive market, players are introducing low-cost and high quality robots to meet consumer demands. The advancements in technology enable developers to design new innovative products while maintaining the affordability of the product. The recently developed robots are energy efficient and designed to serve specific applications in the automotive industry. Acceptance of such robots by small and medium businesses has increased owing to its low cost and increased flexibility.

The key players operating in the market include Fanuc Corporation, Rockwell Automation, Inc., ABB Ltd., Kawasaki Heavy Industries, Kuka AG, Denso Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Nachi-Fujikoshi Corporation, DiFacto Robotics and Automation Pvt. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Market players are introducing application specific robots to meet the growing needs of the automotive industry. Growing need for automation and increasing labor costs further fuels the automotive robotics market growth. In addition, availability of affordable, high quality customized robotics solutions for diverse applications in the automotive industry stimulates the market growth.

Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Automotive Robotics Market Insights
3.1. Automotive Robotics Industry snapshot
3.2. Automotive Robotics - Ecosystem analysis
3.3. Automotive Robotics Market Dynamics
3.3.1. Automotive Robotics Market Forces
3.3.1.1. Automotive Robotics Market Driver Analysis
3.3.1.2. Automotive Robotics Market Restraint/Challenges analysis
3.3.1.3. Automotive Robotics Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.5. Degree of competition
3.6. Automotive Robotics Market PEST Analysis, 2017
3.7. Automotive Robotics Market Value Chain Analysis
3.8. Automotive Robotics Industry Trends
3.9. Competitive Ranking Analysis
4. Automotive Robotics Market Size and Forecast by Type, 2018-2026
4.1. Key Findings
4.2. Articulated Robots
4.3. SCARA Robots
4.4. Cartesian Robots
4.5. Cylindrical Robots
4.6. Others
5. Automotive Robotics Market Size and Forecast by Component, 2018-2026
5.1. Key Findings
5.2. Hardware
5.3. Software
5.4. Services
6. Automotive Robotics Market Size and Forecast by Application, 2018-2026
6.1. Key Findings
6.2. Painting
6.3. Welding
6.4. Material Handling
6.5. Assembly
6.6. Others
7. Automotive Robotics Market Size and Forecast by Region, 2018-2026

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Related Report:

Advanced Driver Assistance Systems (ADAS) Market [By System (Adaptive Cruise Control, Blind Spot Detection, Night Vision System, Intelligent Park Assist, Driver Monitoring System, Adaptive Front Light, Blind Spot Detection, Tire Pressure Monitoring System, Autonomous Emergency Braking System, Others) Market size & Forecast, 2018 - 2026

The global Advanced Driver Assistance Systems (ADAS) market was valued at $19.8 billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the forecast period.

Advanced Driver Assistance Systems offer improved passenger experience, comfort, and safety to vehicles and drivers. Integration of advanced driver assistance systems into vehicles enable enhanced situational awareness and control for easier and safer driving experience. Some components enabling efficient functioning of Advanced Driver Assistance Systems include LiDAR, sensors, radar systems, artificial intelligence software, and GPS among others.

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Source URL: https://marketersmedia.com/by-2026-automotive-robotics-market-size-to-cross-usd-14170-mn/523878

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Release ID: 523878

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