Growth in Automotive Industry Expected to Drive Global Assembly Automation Market: Ken Research

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The assembly automation systems are the dedicated system utilizing mechanized and automated devices for producing the goods & performing different functions over an assembly line. The basic function of the automation is to provide automatic functionality by an organized approach of assembling the goods that are partly automated with a human controlling. Therefore, accordingly the automated assembly system performs a series of much automated operations by combining the multiple components over a single unit which that can be used over a final product or the sub assembly. Generally, the automated machinery produces the products that have standard components or the parts that are added over a definite sequence of the events along with the common assembly lines. The automated assembly system forms an important integral part of the process for many of the technical organizations, manufacturing industries, medical research, clinical companies, etc. The key advantages associated to automated assembly are labor savings, consistency of input and output, manufacturing process, better reliability and profitability over higher production rate.

According to study, Global Assembly Automation Market to reach USD 23.5 billion by 2026 the key companies operating in the global assembly automation market are ABB Ltd., Koops Inc., Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka, RNA Automation Limited, Hanwha Group, NuTec Tooling Systems, Inc., HIRATA Corporation, Fanuc Corporation, ThyssenKrupp, ATS Automation, Eclipse Automation Inc., Bastian Solutions, Inc., among others. These players are estimated to enhance their market share by expanding their product portfolio and significant research & development (R&D) in smart automation technology.

Based on physical configuration, assembly automation market is segmented as dial-type assembly machine, in-line assembly machine, carousel assembly system, and single-station assembly machine. Based on product type, market is segmented as robot automation equipment, central control system, and other automation equipment. Based on sales channel, market is segmented as direct channel and distribution channel. In addition, based on end-use, market is segmented as medical, industrial manufacturing, automotive, 3C industry and others.

The assembly automation market is driven by rise in demand for fast production capacities of products, followed by increase in usage of assembly automation in various application such as 3C industry, automobile, among others. However, increase in Complexity of Industrial Automation Systems and high initial cost of assembly automation along with lack of skilled workforce may impact the market. Moreover, increase in research & technological advancements in the automation industry and growth in government initiatives to expand the automobile market across the world are key opportunities for market. Furthermore, rise in demand for plant automation in order to attain superior equipment efficiency worldwide is a major trend for market.

Based on geography, the North-American is the significant region in global assembly automation market owing to rise in awareness among the manufacturing companies to augment manufacturing and production output in the region. Whereas, the Asian-Pacific and European are likely to exhibit highest growth rate due to growth in automotive industry and increase in awareness for the advanced product to meet customers requirement over the forecast period. It is projected that the global assembly automation market will be reached at US $23.5 billion by 2026.

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Global Assembly Automation Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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