Robotics in Automotive Manufacturing Market Growth, 10% of High CAGR, Research Report and Industry Forecast by 2022 | Global Robotics in Automotive Manufacturing Industry Information by Product Type (SCARA Robot, Articulated Robot, and Cartesian Robot), by Type (Hardware, Software, and Service), by Application (Gripping, Stamping, Welding, Painting, Assembly, and Others), and by Region – Forecast to 2022
Robotics in Automotive Manufacturing Market Synopsis
Additional factors bolstering the growth of the market include the increasing concerns for labor safety and the adoption of robotics to ensure quality and timely production that can quickly meet the market demand. On the flip side, government regulations and cybersecurity concerns related to Robotics in Automotive Manufacturing are impeding the growth of the market.
Robotics for automotive has already gained quick mileage in recent years. It is presumed to witness increasing applications across the industry over the next few years. This report offered by Market Research Future (MRFR) unravels that the global Robotics in Automotive Manufacturing market is presumed to mark 10% CAGR over the review period 2016 to 2022. Some of the applications in the industry that leverages the technology are – assembling, cutting, welding, dispensing, and painting among others.
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Denso Wave Incorporated
Harmonic Drive System
Nabtesco Motion Control, Inc.
Kawasaki Heavy Industries (Kawasaki Robotics)
are some of the few crucial players operating in the global Robotics in Automotive Manufacturing market. These players are focusing on the development of innovative technologies to strengthen their holding in the market. Also, investments in research & development are anticipated to increase over the next couple of years. It is presumed to intensify competition among the domestic and international players of the market.
By product type, the Robotics in Automotive Manufacturing market has been segmented into SCARA Robot, articulated robot, and cartesian robot.
By type, the Robotics in Automotive Manufacturing market has been segmented into hardware, software, and service.
By application, the automotive and robotics market has been segmented into gripping, stamping, welding, painting, assembly, and others.
In November 2019, Tata Consultancy Services (TCS), an IT major based out of India, has announced its partnership with Qualcomm Technologies, Inc., for the launch of an innovation hub in Hyderabad, India.
In November 2019, a manufacturer of collaborative robots, Doosan Robotics, has announced the opening of its new US headquarters for expansion of distribution in Americas.
The geographic study of the global Robotics in Automotive Manufacturing market included in this MRFR report spans across four major regional segments, namely North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These segments are assessed on a country-level basis to provide an impactful intelligence.
North America is presumed to exhibit an exceptional growth rate owing to the increasing adoption of the technology across industries. The region also houses some of the leading vendors of the technology, which is anticipated to support the proliferation of the Robotics in Automotive Manufacturing market in the coming years. It has been observed that the regional market has been quick to adopt new technologies. Thus, innovations in robotics are poised to drive the growth of the Robotics in Automotive Manufacturing companies market in the region. Europe has a developed automotive industry, which is anticipated to work in favor of the growth of the regional market. It is also presumed to witness a steep rise in growth curve in the upcoming years.
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