The Global Automotive Robotics Market is estimated to be USD 8.85 Bn in 2023 and is expected to reach USD 15.53 Bn by 2028, growing at a CAGR of 11.90%.
The automotive robotics industry has emerged as a transformative force within the automotive sector, revolutionizing how vehicles are designed, manufactured, and even operated. This dynamic field represents the convergence of advanced robotics and automation technologies with the intricacies of automotive production, resulting in unprecedented efficiency, precision, and innovation. As the demand for high-quality vehicles, reduced manufacturing costs, and enhanced safety features continue to rise, the automotive robotics industry has assumed a pivotal role in reshaping the global automotive landscape.
Automation and robotics have become integral components of modern automotive manufacturing in recent years. Using robots in production has significantly improved the efficiency and precision of tasks that were once labor-intensive and prone to human error. From welding and painting to assembly and quality control, robots have become indispensable in the production lines of major automotive manufacturers. These robotic systems streamline production and contribute to consistent quality, ensuring that every vehicle meets the highest safety and performance standards.
The automotive robotics industry has emerged as a transformative force within the automotive sector, revolutionizing how vehicles are designed, manufactured, and even operated. This dynamic field represents the convergence of advanced robotics and automation technologies with the intricacies of automotive production, resulting in unprecedented efficiency, precision, and innovation. As the demand for high-quality vehicles, reduced manufacturing costs, and enhanced safety features continue to rise, the automotive robotics industry has assumed a pivotal role in reshaping the global automotive landscape.
Automation and robotics have become integral components of modern automotive manufacturing in recent years. Using robots in production has significantly improved the efficiency and precision of tasks that were once labor-intensive and prone to human error. From welding and painting to assembly and quality control, robots have become indispensable in the production lines of major automotive manufacturers. These robotic systems streamline production and contribute to consistent quality, ensuring that every vehicle meets the highest safety and performance standards.
Market Segmentations
- The Global Automotive Robotics Market is segmented based on Component, Type, Function Type, and Geography.
- Automotive Component Manufacturers: This segment caters to companies producing various parts and components used in vehicle assembly. These include specialized manufacturers of tires, engines, transmissions, and other essential components. Automotive robots are deployed for tasks like precision machining and quality control. The potential is tied to the continuous demand for high-quality, cost-effective components.
- Automotive Robotics Market, By Component Type:Controller: The controller is the brain of the robotic system, responsible for managing tasks and ensuring precision. Advancements in controllers, including improved connectivity and AI integration, present opportunities for enhancing the efficiency of automotive robotics.
- The robotic arm is the workhorse, performing tasks from welding to painting. Innovations in lightweight materials and increased dexterity enable these arms to handle intricate tasks efficiently.
- These components, such as grippers and suction cups, are critical for interacting with materials. Advancements in end effectors are essential for handling a wide range of materials and components in automotive manufacturing.
- Drives and sensors are the hardware that provide mobility and perception to robots. Ongoing developments in sensor technology are crucial for improving navigation, collision avoidance, and overall safety.
Recent Development
- Ford announces a partnership with ABB to develop and deploy next-generation industrial robots for its manufacturing plants. - January 2023
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB, Bosch, Comau, Denso Robotics, FANUC, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Automotive Robotics Market . Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Automotive Robotics Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automotive Robotics Market . The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
6 Global Automotive Robotics Market, By Component Type
7 Global Automotive Robotics Market, By Type
8 Global Automotive Robotics Market, By Function Type
9 Americas' Automotive Robotics Market
10 Europe's Automotive Robotics Market
11 Middle East and Africa's Automotive Robotics Market
12 APAC's Automotive Robotics Market
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- ABB
- Bosch
- Comau
- Denso Robotics
- Epson
- FANUC
- Fetch Robotics
- General Motors
- Honda
- KUKA
- Kawasaki Robotics
- Mitsubishi Electric
- Harmonic Drive System
- OMRON
- REHAU
- RightHand Robotics
- Nachi-Fujikoshi Corp.
- Rockwell Automation
- Siemens
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 197 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 9.15 Billion |
Forecasted Market Value ( USD | $ 16.07 Billion |
Compound Annual Growth Rate | 11.9% |
Regions Covered | Global |
No. of Companies Mentioned | 19 |