The automotive industry is extremely dynamic, demanding extreme elasticity from auto manufacturers. Therefore, the manufacturers are progressively growing their core competencies by joining smart product systems and stretchy logistics systems. The automotive industry has been making usage of industrial robotics in their production procedure for many years here and now. Robotic systems in the automotive industry are price effective, operative and safe as they are accomplished of satisfying their job faster than their human counterpart. The decrease in working prices can be attained by refining operational flexibility accompanied by abating raw material wastage and mistakes in the workflow, which in turn improve the productivity of the manufacturers.
According to the study analysis,’ Global Automotive Robotics Market by Subsystem, Robot Type, Application, Production Process, and Region 2015-2026: Trend Forecast and Growth Opportunity’ The automotive robotics industry is vastly competitive, the key industry competitors include ABB Ltd., Comau S.p.A, Denso Corporation, Fanuc Corp., Kawasaki Robotics Inc., KUKA (Midea Group), Mitsubishi Electric Corp., Omron Corporation (Omron Adept Technologies), Reis Robotics, Rockwell Automation Inc., Seiko Epson Corporation (Epson Robotics), Staubli International AG, Universal Robots and Yaskawa Electric Corp. The automotive robotics vendors are using strategies like acquisition, partnership, and research & development strategies to extend their product portfolio. Fanuc Corporation and Cisco have arrived into an enterprise for the Internet of Things (IoT) to aid them screen the robots on the factory floor.
The global Automotive Robotics market can be additional classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. APAC is the fastest developing section worldwide, with countries, like India, China, Taiwan, and South Korea developing as the leaders in this region. Leading vendors, like ABB and KUKA are introducing the region as their action’s base. Also, government regulations and funds have allowed projects to expand the infrastructure. These features have made APAC the chosen automotive manufacturing hub, which will propel the automotive robotics market. Countries, such as China and India are the main countries in Asia-Pacific in regards of development, and numerous industries, like automotive, electronics, and aviation are opening their factories in these countries, which is producing the request for the automotive robotics market, making Asia-Pacific and emerging region.
Based on subsystem, the global market is segmented into Hardware, Software and Service & Support. Based on robot type, the global market is segmented into Articulated Robots, Cartesian Robots, SCARA Robots, Cylindrical Robots, Polar/Spherical Robots and Others. Based on application, the global market is segmented into Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Cutting and Others. Based on production process, the global market is segmented into Vehicle Manufacturing, Component Manufacturing and Others.
Furthermore, the global automotive robotics market is still in its growth stage. The increasing necessity to upsurge productivity and improve work environment by falling industrial accidents and refining employee safety is lashing the market for automotive robotics worldwide. The market is anticipated to record talented development in the coming years, primarily owing to rising technology research and development and a push for sustainable production process together with the need to decrease operation prices in an automobile production plant. Therefore, it is predictable that the market of Global Automotive Robotics will increase up in the upcoming years.
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Ankur Gupta, Head Marketing & Communications