|Study Period:||2018 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
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The automotive robotics market was valued at USD 9 billion in 2020, and it is anticipated to reach USD 16 billion by 2026, at a CAGR of over 10% during the forecast period (2021 – 2026).
The automotive industry, which was already going through slow growth, further affected COVID-19 and the subsequent shutdowns in all the major markets. In 2020, all the automakers and tier players witnessed a decline in the production and sales of vehicles and components.
This extraordinary growth of electric vehicles is positively inducing the use of robots for meeting the growing consumer requirement of this market. Automotive robots are designed to support the production of automobiles in the automotive industry.
The automotive industry is the largest industry, with more than 130,000 units installed in all facilities worldwide. 95% of top executives of automotive companies with revenues of more than 11 billion dollars believe that there will be a significant increase in investments in robotics and automation during the forecast period. However, 82% of automotive organizations lack resource alignment and preparedness to execute faster change to increase revenue, profit, and safety. This is an incredible opportunity for robot manufacturers to market their machinery to OEMs.
The automotive industry has been making use of industrial robotics in the production process for many years now. A large part of automotive robots is held by articulated robots, and by functions, welding makes the largest use of robots in the automotive industry. Robotic systems in the automotive industry are cost-effective, efficient, and safe, as they can discharge their job quicker than their human counterparts.
Scope of the Report
Automotive robots are used by automotive companies for various tasks. The automotive robotics market is segmented by end-user type, component type, product type, function type, and geography. The end-user type includes vehicle manufacturers and automotive component manufacturers. The component type includes controller, robotic arm, end effector, drive, and sensors. The product type includes cartesian robots, SCARA robots, articulated robots, and other product types. The function type includes welding robots, painting robots, assembling and disassembling robots, and cutting and milling robots. The report provides the market size and forecasts for all the major countries in North America, Europe, Asia-Pacific, and the Rest of the World. The profiles of major players in the market are also covered, along with their market shares. The market size and forecast are provided by value (USD billion).
|By End-user Type|
|Automotive Component Manufacturers|
|By Component Type|
|Drive and Sensors|
|By Product Type|
|Other Product Types|
|By Function Type|
|Assembling and Disassembling Robot|
|Cutting and Milling Robot|
Key Market Trends
Technological Innovations are Driving the Market Growth
The automotive manufacturing segment has been taking rapid steps in the industrial automation domain, emerging as a role model for the other industries by showcasing how automation should be utilized to scale up the value chain and achieve zero-defects manufacturing. The automotive industry has been an early adopter of robotics for applications like welding, painting, glue dispensing, etc. However, there are plenty of robotic applications available to choose from within the industry. For instance:
- The new trend which the automotive industry is witnessing is with respect to autonomous intelligent vehicles (AIV) or mobile robots for material and intermediate goods transport. Robots are also emerging as one of the key parts of end-to-end traceability automation solutions.
- Another recent trend is collaborative robots; these robots are human-friendly on assembly lines. Such a robot has two arms and works with humans collaboratively to get the best from humans and robots. Such robots are as good as portable robots, which can be placed on worktables, and humans can sit next to them while working.
- An articulated robot has rotary joints. The rotary joints can range from a simple two joints mechanism to a complex ten or more joints mechanism. An articulated robot is the most common type of robot used in the automotive industry. High flexibility allows easy process changeovers, and this is the reason why small and medium scale enterprises are adopting articulated robots, thus, increasing the demand on a global level.
Now, the automotive industry is shifting its focus toward new technology trends, like compact robots and controllers, higher communication speed, low spatter, and high-speed welding.
Now with all applications, automobile companies are moving toward the Internet of Things (IoT). Growth in the IoT concept and technological advances have boosted the use of automated technologies in various industries. The high penetration rate of smart devices and the use of wireless and cloud technologies will change the face and mode of operation of robots in the near future.
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Asia-Pacific is Expected to Lead the Automotive Robotics Market
Asia-Pacific is the fastest developing region globally, with countries, like India, China, Taiwan, and South Korea evolving as the leaders in this region. Leading vendors, such as ABB and KUKA, are instituting the region as their operation’s base. Furthermore, government regulations and funds have empowered projects to improve the infrastructure. These aspects have made APAC the favored automotive manufacturing hub, which will drive the automotive robotics market.
Countries, such as China and India, are the principal countries in Asia-Pacific in terms of development, and many industries, such as automotive, electronics, and aviation, are opening their factories in these countries, which is generating the demand for the automotive robotics market, making Asia-Pacific an emerging region.
Major players in the region are adopting robotics and other advance manufacturing technology for their upcoming vehicles. For instance, in January 2021, Byton signed a manufacturing deal with Foxconn, which will be providing advanced manufacturing technology, operation management expertise, and supply chain resources to Byton. The two companies will work together for Byton’s M-Byte electric SUV across all stages of its production line for introducing the SUV in the Chinese market by 2022.
Moreover, the Byton Nanjing factory was built to industry 4.0 standards using leading manufacturing equipment and technology. The welding shop comprises 335 welding robots by Kuka.
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The major players in the automotive robotics market are ABB, Adept, Epson Robotics, Fanuc, Honda, Intuitive Surgical, iRobot, Kawasaki, KUKA, and Yaskawa Electric, among others. The companies in the market are using the latest technologies to be ahead in the competition. For instance:
- In May 2020, RoboDK partnered with RobCo SWAT to offer robotic simulation software solutions to major automakers in the automotive industry.
In February 2021, ABB launched its next-generation cobots for new sectors. ABB expanded its collaborative robot portfolio with the introduction of the new GoFa™ and SWIFTI™ cobot, which offers higher payloads and speeds.
In September 2020, Rethink Robotics established its new headquarters and production facility in Bochum.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By End-user Type
5.1.1 Vehicle Manufacturers
5.1.2 Automotive Component Manufacturers
5.2 By Component Type
5.2.2 Robotic Arm
5.2.3 End Effector
5.2.4 Drive and Sensors
5.3 By Product Type
5.3.1 Cartesian Robots
5.3.2 SCARA Robots
5.3.3 Articulated Robot
5.3.4 Other Product Types
5.4 By Function Type
5.4.1 Welding Robot
5.4.2 Painting Robot
5.4.3 Assembling and Disassembling Robot
5.4.4 Cutting and Milling Robot
5.5 By Geography
5.5.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.5.4 Rest of the World
22.214.171.124 South America
126.96.36.199 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.2 Omron Adept Robotics
6.2.4 Honda Motor Co. Ltd
6.2.5 Kawasaki Robotics
6.2.6 KUKA Robotics
6.2.7 Yaskawa Electric
6.2.8 Harmonic Drive System
6.2.9 RobCo S.W.A.T Ltd
6.2.10 Nachi-Fujikoshi Corp.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Automotive Robotics Market market is studied from 2018 - 2026.
What is the growth rate of Automotive Robotics Market?
The Automotive Robotics Market is growing at a CAGR of 10% over the next 5 years.
What is Automotive Robotics Market size in 2018?
The Automotive Robotics Market is valued at 9 Billion USD in 2018.
What is Automotive Robotics Market size in 2026?
The Automotive Robotics Market is valued at 16 Billion USD in 2026.
Which region has highest growth rate in Automotive Robotics Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Automotive Robotics Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Automotive Robotics Market?
ABB, FANUC, Kawasaki, Yaskawa Electric, Nachi-Fujikoshi Corp. are the major companies operating in Automotive Robotics Market.