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.

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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.

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