IMARC Group, a leading market research company, has recently releases report titled “Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive robotics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Automotive Robotics Market?

The global automotive robotics market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.4% during 2023-2028.

Automotive robotics refers to computer-programmed automated solutions comprising efficient machines and robots that are equipped with sensors to perceive their environments, perform actions enabled by actuators, and make plans using algorithms. It is equipped with vision systems, which enable it to detect variations in incoming materials and adapt their programmed paths. It can be re-programmed and redeployed without investing a lump sum amount when products change and new parts are introduced. It tackles various repetitive tasks in the stages of the automotive production process and helps manufacturers focus on more specialized tasks. It does not suffer from fatigue to maintain constant cycle times throughout the day. It also improves the quality of automotive products, increases capacity, decreases the amount of space required for performing tasks, and boosts operational efficiency. It is utilized for performing a wide variety of activities associated with inspecting car parts, moving materials required for the manufacturing of vehicles, and spraying paint on car parts. Besides this, it is also employed for completing various dangerous tasks, such as welding on heavier body panels and larger automotive parts.

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What are the growth prospects and trends in the automotive robotics industry?

At present, the rising demand for automotive robotics, as it improves operational flexibility, accuracy, and efficiency, represents one of the primary factors influencing the market positively. Besides this, the increasing purchase of personal cars to avoid public transportation and travel comfortably is propelling the growth of the market. In addition, the growing popularity of electric vehicles (EVs) due to the rising environmental awareness among the masses is offering a favorable market outlook.

Apart from this, governing agencies of various countries are encouraging the utilization of EVs instead of fuel-dependent vehicles to prevent the over-expenditure of fossil fuels, reduce the production of automobile exhausts, and minimize the impact of pollution on human health. They are also introducing various luxurious electric buses as a part of public transport to control air and noise pollution. Additionally, the increasing adoption of collaborative robots or cobots, which are fully integrated into production lines and capable of safely working alongside humans, is contributing to the growth of the market.

Besides this, the rising employment of automotive robots to make fewer mistakes, achieve higher customer satisfaction, and lower warranty costs are supporting the growth of the market. Furthermore, the increasing demand for heavy vehicles, such as trucks and tractors, in industrial applications and transportation of goods is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Cartesian Robots

• SCARA Robots

• Articulated Robot

• Others

Breakup by Component Type:

• Controller

• Robotic Arm

• End Effector

• Drive and Sensors

Breakup by Application:

• Assembly

• Dispensing

• Material Handling

• Welding

• Others

Breakup by End User:

• Vehicle Manufacturers

• Automotive Component Manufacturers

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ABB Ltd., Denso Wave Incorporated (DENSO Corporation), Dürr Aktiengesellschaft, FANUC, Harmonic Drive Systems Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft (Midea Group), Nachi-Fujikoshi Corp., Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation.

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