Automotive Robotics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

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).

Report scope can be customized per your requirements. Click here.

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.

To understand key trends, Download Sample Report