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 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.
Drivers:
Implementation in Artificial Intelligence and IoT
Restraints:
Initial high cost of production
Opportunities:
Rising demand in automotive sector
Challenges:
Data security of robots from thefts
The Global Automotive Robotics Market is segmented by types, application, component & region. The major shares of the market comes 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 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
End use industries
Regulatory bodies, policy actors and consumers.
By Type
SCARA Robot
Cartesian Robot
Cylindrical Robot
Articulated Robot
Others
By Application
Painting Robots
Cutting and Milling Robots
Welding Robots
Material Handling, Palletizing & Packaging
Others
By Component
Sensors
Drive
Robotic Arm
Controller
End Effector
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
Kawasaki Heavy Industries, Ltd.
ABB Group
SEIKO EPSON CORP.
KUKA Aktiengesellschaft
Rockwell Automation, Inc.
Denso Wave Incorporated
iRobot Corporation
Nachi-Fujikoshi Corp.
Harmonic Drive LLC
Yaskawa Electric Corporation
Yamaha Corporation
Fanuc Corporation
(A brief overview of 13 companies is also provided)
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