Daily Blogger News Stay updated with the latest trends and insights. Your reliable source for daily updates and information.
Automotive Robotics Market Analysis
The Global Automotive Robotics Market is projected to reach approximately $16.55 billion by 2030, according to Renub Research. Automation and robotics are technologies that enhance human capabilities across various tasks. The automotive sector is a major area where robots are extensively implemented, utilizing CNC machinery and industrial robots for automation. Automotive robotics refers to robots employed in vehicle manufacturing, assisting with tasks such as welding, assembly, painting, and quality testing. These robots are particularly beneficial for repetitive or hazardous tasks, enhancing safety and reducing the need for human operators.
Today, robots are becoming increasingly vital in the automotive industry as engineers discover new applications for their precision and efficiency. The automotive sector represents one of the most automated supply chains globally, with about 30% of total investments in the industry allocated to automotive robotics. This sector is key to the global adoption of commercial robots. The market growth is further supported by rapid technological advancements, including the integration of the Internet of Things (IoT), cloud solutions, and Autonomous Intelligent Vehicles (AIVs) for safe transportation of components and materials. To achieve 2030 targets, governments worldwide are focusing on increasing low- or zero-emission vehicles, necessitating innovative technologies such as smart sensors and collaborative robots. The automation of next-generation vehicles will need to be both rapid and extensive.
Market Growth Projections
The automotive robotics market is expected to experience a robust CAGR of 10.86% from 2024 to 2030. In recent years, manufacturers have reduced operational costs by enhancing flexibility and minimizing raw material waste and inefficiencies, leading to increased profitability. The robotics sector is competitive, featuring a mix of large and small established players. The introduction of innovative products, especially collaborative robots, has intensified competition in the market. Notably, the “Made in China 2025” initiative was launched in May 2015 to enhance China’s global competitiveness through innovation and restructuring in the manufacturing sector.
The advent of Industry 4.0 emphasizes automation, real-time data, interconnectivity, and machine learning. This movement leverages smart digital technologies to improve manufacturing and supply chain management. Robotics, artificial intelligence (AI), data analytics, and cloud computing are critical components of Industry 4.0, making industrial robots more reliable and efficient. The goal is to maximize efficiency with minimal downtime, creating growth opportunities in the automotive robotics market. In 2023, the global automotive robotics market was valued at $8.04 billion.
Component Analysis
In terms of components, the automotive robotics market is segmented into Controllers, Robotic Arms, End Effectors, Sensors, Drives, and Others. Robotic arms dominate the market, capturing the largest share due to their essential role in automotive manufacturing processes. Known for their precision, speed, and versatility, robotic arms are crucial for welding, painting, and assembly tasks. As the industry increasingly adopts automation for improved efficiency and accuracy, the significant use of robotic arms highlights their vital contribution to the global automotive robotics landscape.
Type Segmentation
By type, the automotive robotics market is classified into Articulated Robots, Cylindrical Robots, SCARA Robots, Cartesian Robots, and others. Articulated robots are expected to maintain more than half of the market share in the coming years. These robots excel in automotive manufacturing, streamlining production lines with their precision and efficiency. They can handle complex tasks ranging from welding and painting to assembly and quality control. As the demand for electric and autonomous vehicles rises, the need for articulated robots is anticipated to grow, driving innovation and transforming automotive production.
Application Insights
By application, the automotive robotics market includes Material Handling, Welding, Painting, Cutting, and others. Notably, the material handling segment is expected to see significant growth. This reflects the critical role of robotics in transforming how materials are managed within the automotive sector. As the demand for automation intensifies, especially in manufacturing and assembly processes, the material handling segment is poised for substantial expansion. Innovations in robotic technology are set to enhance efficiency and precision, supporting the evolution of automotive manufacturing.
Regional Growth
By region, the automotive robotics market includes North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea, Indonesia), South America (Mexico, Brazil, Argentina), and the Middle East & Africa (South Africa, Saudi Arabia, United Arab Emirates). The United States leads the market, adopting robotics for various tasks, including material handling, reflecting its commitment to automation and efficiency in manufacturing.
China’s automotive industry is expected to witness significant growth due to increasing adoption of robotics. This integration of automation aligns with China’s focus on technological advancement and addresses challenges related to labor costs.
Related Report:
Plug-in Hybrid Electric Vehicle Market
Key Players
Prominent companies in the global automotive robotics market include ABB, Fanuc Corporation, Rockwell Automation Inc., Yaskawa Electric Corporation, Kuka AG, Kawasaki Heavy Industries, Ltd., Harmonic Drive Systems Inc., Omron Corporation, and Yamaha Motor Co. Ltd.
Component – Market breakup from 6 viewpoints
- Controller
- Robotic Arm
- End Effector
- Sensors
- Drive
- Others
Type – Market breakup from 5 viewpoints
- Articulated Robots
- Cylindrical Robots
- Scara Robots
- Cartesian Robots
- Others Robots
Application – Market breakup from 5 viewpoints
- Material handling
- Welding
- Painting
- Cutting
- Others
Country – Market breakup from 21 viewpoints
- North America
1.1 United States
1.2 Canada
- Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
- Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Indonesia
3.6 Australia
- Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
- Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
- Rest of World
Company Insights
- Overviews
- Recent development
- Revenues
Company Analysis
- ABB
- Rockwell Automation Inc.
- Yaskawa Electric Corporation
- Kuka AG
- Kawasaki Heavy Industries, Ltd
- Harmonic Drive Systems Inc.
- Omron Corporation
- Yamaha Motor Co. Ltd
- Fanuc Corporation
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: https://linkedin.com/company/renub-research
Website: www.renub.com
