The report "Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region - Global Forecast to 2021", The automotive robotics market is estimated to be USD 5.07 Billion in 2016, and is projected to grow to USD 8.44 Billion by 2021, at a CAGR of 10.74%.
Traditional robots are being complemented by robots which are being developed through artificial intelligence. These kinds of robots which work alongside humans are known as collaborative robots. These robots are primarily made through algorithms that learn and perform intelligent behavior with minimal human intervention. Manufacturing industries such as automotive are constantly trying to come up with new innovative techniques and methods to optimize the production process.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=262848440
Robotic sensors are estimated to constitute the fastest growing segment of the automotive robotics market, by component. This can be attributed mainly to the capabilities that the sensors enable in automotive robots. Smarter sensor-enabled robots can make crucial manufacturing decisions based on sensory feedback. Sensors such as vision perception sensors and force sensing are some of the key sensory systems used in automotive robotics.
The market for articulated robots is higher as compared to other robot types from 2016 to 2021. The major reason being wide range of applications, high payload carrying capacity and longer reach of these robots primarily in the automotive assembly lines. Articulated robots shall also observe the fastest growth for the forecast period, this is due to the larger work envelope that enables automotive organizations to improve its accuracy and speed of work.
The market for robotic controllers is higher compared to other robotic components for the forecast period. Controllers form the key operational component for any robot and are relatively higher priced compared to other robotic components.
The painting application robot segment is supposed to be the fastest growing in terms of value within the global automotive robotics by application market. The growth is expected to be primarily driven by declining prices as well as continuous technological improvements within the paint and coating robots market.
The global automotive robotics market during the forecast period is estimated to be majorly driven by China and other emerging economies. Furthermore, continuous focus on modernization of production lines in developed countries would drive the global automotive robotics market in the years to come.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=262848440
Major Market Developments
In October 2016, NVIDIA and FANUC Corporation had announced a collaboration for implementation of artificial intelligence on the FANUC Intelligent Edge Link and Drive (FIELD) system. This would lead to a growth in productivity of robots and enhance capabilities of automated factories worldwide.
In November 2016, KUKA Robotics System launched 3D Metal Printing robotics technology at FABTECH 2016. This process uses 3D design data to build components in layers by depositing material.
In May 2016, ABB acquired SVIA automation solutions (Sweden) to expand its robotics operations. As of now, this collaborative operation will be limited to ABB’s Discrete Automation and Motion division, later it will make its global application center for machine-tending.
Target Audience:
Manufacturers of automotive robotics
Integrators of automotive robotics
Industry associations
Automotive OEM’s
Tier 1 and Tier 2 Suppliers
Private equity firms
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com