FELTON, California, August 2, 2018 /PRNewswire/ --
The global Automotive Robotics Market size is expected to value at USD 13.6 billion by 2025. The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector. Rising adoption of automation and robotics in manufacturing processes has changed overall outlook of the automotive industry since last few decades. Additionally, rise in initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of automotive robots. Such initiatives by regional government include tax exemptions and tax cut, thus reducing overall manufacturing cost and elevating the manufacturing opportunities for industry players across the globe. Such factors are anticipated to drive the growth of the market in upcoming years.
Globally, the automotive robotics market is predicted to grow at CAGR of 13.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Articulated robotics is one of the fastest growing segment in automotive robotics industry with highest revenue generation in recent years. Increasing adoption of articulated robot is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in application involving large-scale assembly line with six axes movement.
Some of these application include welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. Increasing number of application of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry.
Increasing adoption of robotics in automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope. Latest trends involving increasing adoption of the robots for spot welding application is expected to propel growth of the automotive robotics market in coming years. Selective compliance assembly robot arm (SCARA) robots has witnessed higher CAGR in the automotive robotics industry during the forecast period. Wide range of application of SCARA robots include vertical assembly operations, loading and unloading of heavy work-pieces, transferring of components, and assembly.
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Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop &pick operations with smaller payload capacity. While an assembly robot such as articulated robotics need smaller space for its operations, and work with high precision and speed.
Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufactures. Some of these advantages include superior quality, lower maintenance costs, higher capacity and superior performance with minimum human intervenes. Major application of the robots during vehicle manufacturing include spot welding and painting, also adoption of the robots during in the supply chain operations is on the rise.
Early adoption of the automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frame during manufacturing processes coupled with process control at each step in the production line. Thus adoption of automotive robotics has become vital in recent years. Such factors are spurring the demand of automotive robots in recent years.
The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive robotics market with massive growth in forecast period.
Countries such as Korea, China and Japan are leading the Asia-Pacific market with increase in the domestic manufacturing, rise in the adoption of robotics and numerous joint ventures with foreign companies. The key players in the automotive robotics industry are ABB Robotics, Fanuc Co., Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.
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