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Automotive Robotics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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    Report

  • 90 Pages
  • June 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4828253
UP TO OFF until Mar 31st 2024
The automotive robotics market was valued at USD 9.92 billion in 2021, and it is anticipated to reach USD 18.15 billion by 2027, at a CAGR of 10.60% during the Forecasts period (2022 - 2027).

The automotive industry, which was already going through slow growth, further affected COVID-19 and the subsequent shutdowns in all the major markets. Major vehicle manufacturer shut down their plant which result in decline in revenue. In 2020, all the automakers and tier players witnessed a decline in the production and sales of vehicles and components.

Automotive robots are designed to support the production of automobiles in the automotive industry. This extraordinary growth of electric vehicles is positively inducing the use of robots for meeting the growing consumer requirement of this market.

The automotive industry has been making use of industrial robotics in the production process for many years now. A large part of automotive robots is held by articulated robots, and by functions, welding makes the largest use of robots in the automotive industry. Robotic systems in the automotive industry are cost-effective, efficient, and safe, as they can discharge their job quicker than their human counterparts.

Key Market Trends


Technological Innovations are Driving the Market Growth


With the rapidly increasing power of the microprocessor and artificial intelligence techniques, robots have dramatically increased their potential as flexible automation tools. The new surge of robotics is in applications demanding advanced intelligence. Robotic technology is converging with a wide variety of complementary technologies machine vision, force sensing (touch), speech recognition and advanced mechanics.

The automotive manufacturing segment has been taking rapid steps in the industrial automation domain, emerging as a role model for the other industries by showcasing how automation should be utilized to scale up the value chain and achieve zero-defects manufacturing. The automotive industry has been an early adopter of robotics for applications like welding, painting, glue dispensing, etc. However, there are plenty of robotic applications available to choose from within the industry. For instance:
  • The new trend which the automotive industry is witnessing is with respect to autonomous intelligent vehicles (AIV) or mobile robots for material and intermediate goods transport. Robots are also emerging as one of the key parts of end-to-end traceability automation solutions.
  • Another recent trend is collaborative robots; these robots are human-friendly on assembly lines. Such a robot has two arms and works with humans collaboratively to get the best from humans and robots. Such robots are as good as portable robots, which can be placed on worktables, and humans can sit next to them while working.
  • An articulated robot has rotary joints. The rotary joints can range from a simple two joints mechanism to a complex ten or more joints mechanism. An articulated robot is the most common type of robot used in the automotive industry. High flexibility allows easy process changeovers, and this is the reason why small and medium scale enterprises are adopting articulated robots, thus, increasing the demand on a global level.
Now, the automotive industry is shifting its focus toward new technology trends, like compact robots and controllers, higher communication speed, low spatter, and high-speed welding.



Asia-Pacific is Expected to Lead the Automotive Robotics Market


Robotics technology is increasingly being adopted in the Asia-pacific region owing to rising demand for automation of processes, improved efficiency and productivity, and reduction in human errors. Various sectors including automotive, healthcare, defense, and aerospace have adopted robotics technology for process automation and efficient resource management. Industrial robots are majorly used in the Asia-Pacific region owing to the dominant automotive industry and low-cost manufacturing units. Rapid expansion of small and medium scale industries across the Asia Pacific is witnessing major growth for automotive robotics market during the forecst period.

Asia-Pacific is the fastest developing region globally, with countries, like India, China, Taiwan, and South Korea evolving as the leaders in this region. Leading vendors, such as ABB and KUKA, are instituting the region as their operation’s base. Furthermore, government regulations and funds have empowered projects to improve the infrastructure. These aspects have made APAC the favored automotive manufacturing hub, which will drive the automotive robotics market.

Countries, such as China and India, are the principal countries in Asia-Pacific in terms of development, and many industries, such as automotive, electronics, and aviation, are opening their factories in these countries, which is generating the demand for the automotive robotics market, making Asia-Pacific an emerging region.

Major players in the region are adopting robotics and other advance manufacturing technology for their upcoming vehicles. For instance, in January 2021, Byton signed a manufacturing deal with Foxconn, which will be providing advanced manufacturing technology, operation management expertise, and supply chain resources to Byton. The two companies will work together for Byton’s M-Byte electric SUV across all stages of its production line for introducing the SUV in the Chinese market by 2022.



Competitive Landscape


The major players in the automotive robotics market are ABB, Adept, Epson Robotics, Fanuc, Honda, Intuitive Surgical, iRobot, Kawasaki, KUKA, and Yaskawa Electric, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By End-user Type
5.1.1 Vehicle Manufacturers
5.1.2 Automotive Component Manufacturers
5.2 By Component Type
5.2.1 Controller
5.2.2 Robotic Arm
5.2.3 End Effector
5.2.4 Drive and Sensors
5.3 By Product Type
5.3.1 Cartesian Robots
5.3.2 SCARA Robots
5.3.3 Articulated Robot
5.3.4 Other Product Types
5.4 By Function Type
5.4.1 Welding Robot
5.4.2 Painting Robot
5.4.3 Assembling and Disassembling Robot
5.4.4 Cutting and Milling Robot
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Rest of Asia-Pacific
5.5.4 Rest of the World
5.5.4.1 South America
5.5.4.2 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 ABB
6.2.2 Omron Adept Robotics
6.2.3 FANUC
6.2.4 Honda Motor Co. Ltd
6.2.5 Kawasaki Robotics
6.2.6 KUKA Robotics
6.2.7 Yaskawa Electric
6.2.8 Harmonic Drive System
6.2.9 RobCo S.W.A.T Ltd
6.2.10 Nachi-Fujikoshi Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB
  • Omron Adept Robotics
  • FANUC
  • Honda Motor Co. Ltd
  • Kawasaki Robotics
  • KUKA Robotics
  • Yaskawa Electric
  • Harmonic Drive System
  • RobCo S.W.A.T Ltd
  • Nachi-Fujikoshi Corp.

Methodology

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