Automotive Robotics Market By Type (SCARA Robot, Cartesian Robot, Cylindrical Robot) By Application (Painting Robots, Cutting and Milling Robots, Welding Robots, Material Handling, Palletizing & Packaging) By Component (Sensors, Drive, Robotic Arm, Controller).
GLOBAL AUTOMOTIVE ROBOTICS MARKET was valued at USD XX Billion in the year 2017. Global Automotive Robotics market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
Kawasaki Heavy Industries, Ltd. (Japan), ABB Group (Switzerland), SEIKO EPSON CORP. (Japan), KUKA Aktiengesellschaft (Germany), Rockwell Automation, Inc. (U.S.), Denso Wave Incorporated (Japan), iRobot Corporation (U.S.), Nachi-Fujikoshi Corp. (Japan), Harmonic Drive LLC (Japan), Yaskawa Electric Corporation (Japan), Yamaha Corporation (Japan), Fanuc Corporation (Japan), are some of the key players in the Global Automotive Robotics market. Rising research and development expenses to cater changing demand of end users.
Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Implementation in Artificial Intelligence and IoT
Initial high cost of production
Rising demand in the Automotive sector
Data security of robots from thefts
The Global Automotive Robotics Market is segmented by types, application, component & region. The major shares of the market come from Controller, component type in Global Automotive Robotics Market.
On the other hand, Articulated Robot, by type for this market is expected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Automotive Robotics Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Cutting and Milling Robots
Material Handling, Palletizing & Packaging
Key Market Players
Kawasaki Heavy Industries, Ltd.
SEIKO EPSON CORP.
Rockwell Automation, Inc.
Denso Wave Incorporated
Harmonic Drive LLC
Yaskawa Electric Corporation
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