Automotive Robotics Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Robotics Market has been segmented by End-user Type (Vehicle Manufacturers, Automotive Component Manufacturers), Product Type (Cartesian Robots, SCARA Robots, Articulated Robot, and Other Product Types), Function Type (Welding Robot, Painting Robot, Assembling and Disassembling Robot, Cutting, and Milling Robot) and Geography.

Market Snapshot

market summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The automotive robotics market is anticipated to register a CAGR of about 10.73%, during the forecast period (2019 – 2024).

  • The automotive industry is presently facing a dynamic era of progress due to the increasing demand for vehicles (including cars, two wheelers, trucks, buses, and off-road vehicles, among others). This extraordinary growth of the automotive industry is positively inducing the use of robots for meeting the growing consumer requirement of this market. Automotive robots are designed for supporting the production of automobiles in the automotive industry.
  • The automotive industry has been making use of industrial robotics in the production process for many years now. Robotic systems in the automotive industry are cost effective, efficient, and safe as they are capable of discharging their job quicker than their human counterpart. The reduction in operating costs can be achieved by improving operational flexibility, along with minimizing raw material wastage and errors in the workflow, which, in turn, enhances the profitability of the manufacturers.

Scope of the Report

The automotive robotics market is segmented by end-user type, product, function, and geography.

By End-user Type
Vehicle Manufacturers
Automotive Component Manufacturers
By Product Type
Cartesian Robots
SCARA Robots
Articulated Robot
Other Product Types
By Function Type
Welding Robot
Painting Robot
Assembling and Disassembling Robot
Cutting and Milling Robot
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Latest Trends driving the Robotic Applications in Automotive Industry

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 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 human collaboratively to get the best from human and robot. Such robots are as good as a portable robot, which can be placed on worktables and humans can seat next to it while working.

Now, the automotive industry shifting its focus toward the new technology trends, like compact robot and controller, higher communication speed, low spatter, and high-speed welding, human collaborative robot with industry 4.0.

Now with all application automobile company moving toward 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.

trend1

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Asia-Pacific - Expected to Lead the Automotive Robotics Market

The Americans are buying cars, which raise the production in the automotive sector in countries, such as Canada and the United States, as well as North America, which is one of the automobile manufacturing companies' hub, owing to which North America is a leading region in the automotive robotics market.

APAC 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.

Western & Eastern Europe, as well as Japan, are the other regions which are known as the origin of key players from the automobile industry. 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.

trend2

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Competitive Landscape

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 for being ahead in the competition. For instance:

  • Fanuc wants to make robots easier to train, therefore, making automation more accessible to a wider range of industries. The company announced a new artificial intelligence-based tool, which will teach robots on how to pick the right objects out of a bin with simple annotations and sensor technology, reducing the training process by hours.

Major Players

  1. ABB
  2. FANUC
  3. Kawasaki
  4. Yaskawa Electric
  5. Nachi-Fujikoshi Corp.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By End-user Type

      1. 5.1.1 Vehicle Manufacturers

      2. 5.1.2 Automotive Component Manufacturers

    2. 5.2 By Product Type

      1. 5.2.1 Cartesian Robots

      2. 5.2.2 SCARA Robots

      3. 5.2.3 Articulated Robot

      4. 5.2.4 Other Product Types

    3. 5.3 By Function Type

      1. 5.3.1 Welding Robot

      2. 5.3.2 Painting Robot

      3. 5.3.3 Assembling and Disassembling Robot

      4. 5.3.4 Cutting and Milling Robot

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 South Korea

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 South America

        2. 5.4.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share**

    2. 6.2 Company Profiles

      1. 6.2.1 ABB

      2. 6.2.2 Omron Adept Robotics

      3. 6.2.3 FANUC

      4. 6.2.4 Honda Motor Co. Ltd

      5. 6.2.5 Kawasaki Robotics

      6. 6.2.6 KUKA Robotics

      7. 6.2.7 Yaskawa Electric

      8. 6.2.8 Harmonic Drive System

      9. 6.2.9 Nachi-Fujikoshi Corp

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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