The global Automotive Robotics Market size is expected to value USD 13.6 billion by 2025. The market is subject to witness substantial growth due to the rising implementation of automation and robotics in the automotive sector. The rising adoption of automation and robotics in manufacturing processes has changed the overall outlook of the automotive industry in the last few decades. Additionally, the rise in initiatives taken by the regional governments to promote the use of automation in manufacturing processes are likely to boost the sales of automotive robots. Such initiatives by the regional government include tax exemptions and tax cuts, thus reducing overall manufacturing costs 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 a CAGR of 13.8% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market. Articulated robotics is one of the fastest-growing segments in the automotive robotics industry with the highest revenue generation in recent years. The increasing adoption of articulated robots is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in applications involving large-scale assembly lines with six axes movement.
Some of these applications include welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. An increasing number of applications of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry.
The increasing adoption of robotics in the automotive industry is credited to the rising application of robots in different aspects of the production line due to their large-scale work envelope. The latest trends involving the increasing adoption of robots for spot welding application is expected to propel the growth of the automotive robotics market in coming years. Selective compliance assembly robot arm (SCARA) robots have witnessed a higher CAGR in the automotive robotics industry during the forecast period. A wide range of applications of SCARA robots includes vertical assembly operations, loading, and unloading of heavy work-pieces, transferring of components, and assembly.
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 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. The major application of the robots during vehicle manufacturing include spot welding and painting, also the adoption of the robots during the supply chain operations is on the rise.
Early adoption of automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frames during manufacturing processes coupled with process control at each step in the production line. Thus the adoption of automotive robotics has become vital in recent years. Such factors are spurring the demand for automotive robots in recent years.
The market is divided into regional market segments 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 the latest technologies and the existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold a major market share in the automotive robotics market with massive growth in the forecast period.
Countries such as Korea, China, and Japan are leading the Asia-Pacific market with an increase in domestic manufacturing, a 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.
Market Segment:
Automotive Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)
• Articulated
• Cartesian
• Cylindrical
• Polar/Spherical
• SCARA
Automotive Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)
• Assembly
• Dispensing
• Material Handling
• Welding
• Others
Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the U.S.
• Canada
• Europe
• Germany
• France
• the UK
• the Asia Pacific
• China
• Japan
• Korea
• Taiwan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
Research Support Specialist, USA