According to the report by Expert Market Research (EMR), the global automotive robotics market size is projected to grow at a CAGR of 10.1% between 2024 and 2032. Aided by the development of hybrid and electric systems in the automotive robots, the market is expected to grow significantly by 2032.
Automotive robotics refers to the use of robots in the manufacturing of automobile parts and the assembly of vehicles. These robots provide numerous advantages in auto manufacturing, including precision, efficiency, and safety. They are used in various applications, such as welding, painting, assembly, and material handling.
The automotive robotics market growth is driven by several factors. Firstly, the increasing demand for automobiles globally, coupled with the rising standards of production quality and efficiency, necessitates the adoption of robotic technology. Secondly, the automotive industry is constantly evolving with the introduction of electric vehicles and autonomous driving technologies, which require more sophisticated manufacturing processes where robotics play a crucial role.
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Moreover, the need to ensure worker safety and reduce production costs has encouraged automotive manufacturers to invest in robotics. Robots can perform repetitive and hazardous tasks with precision, reducing the likelihood of human error and workplace injuries.
Technological advancements are influencing the automotive robotics market outlook. With the integration of artificial intelligence and machine learning, robots are becoming more intelligent and capable of performing complex tasks. The use of collaborative robots (cobots) that can work alongside human workers safely is also a growing trend in the industry.
The market is witnessing a shift towards the adoption of electric and hybrid systems in automotive robots, which offer higher efficiency and lower environmental impact. Additionally, the integration of Internet of Things (IoT) technology enables better connectivity and control of robotic systems in automotive manufacturing.
Regionally, the Asia Pacific holds a significant portion of the automotive robotics market share, primarily driven by the booming automotive industries in countries like China, Japan, and South Korea. The future of automotive robotics is promising, with potential advancements in areas like autonomous robots, increased customisation, and greater integration with advanced manufacturing technologies like 3D printing.
Automotive Robotics Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Articulated Robot
- Cartesian Robot
- Cylindrical Robot
- Polar/Spherical Robot
- SCARA Robot
Market Breakup by Application
- Assembly
- Dispensing
- Material Handling
- Welding
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Automotive Robotics Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive robotics market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB Ltd.
- Acieta LLC
- Denso Corporation
- DiFacto Robotics and Automation
- Seiko Epson Corporation
- Fanuc Corporation
- Others
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