Automotive robotics market is expected to grow at a CAGR of 11.1 % during the forecast period. Industry 4.0 is transfiguring that focuses on the way companies are manufacturing, improving, and distributing their products. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their automotive production facilities and throughout their operations. The incorporation of industry 4.0 supports physical production and operations with smart digital technology manufacturing, machine learning, and data analytics which is accelerating the growth of the market during the forecast period. For instance, in June 2022, the Tamil Nadu government launched a series of initiatives to support the state to become a $1 trillion economy by 2030, with a contribution of around $250 billion by the manufacturing sector. The Centre will provide a dedicated IT engineering ecosystem to support the micro small and medium enterprises (MSME) sector and students across Tamil Nadu. Further, it will support the growth of various industries such as aerospace, defense, automotive and electric vehicles. The government will equip the latest technologies such as a 3D experience platform for up-skilling and facilitating future-ready innovations.
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The global automotive robotics market is segmented based on the type, component, and application. Based on the type, the market is segmented into articulated, SCARA, cartesian, collaborative, and others. Based on the component, the market is segmented into the controller, robotic arm, end effector, sensors, drive, and others. Based on the application, the market is further segmented into assembling and disassembling, welding, painting, cutting, material handling, and others. Based on the application, the welding segment is expected to drive market growth during the forecast period. Factors such as enhancing productivity and increasing safety have been attributed to the increasing adoption of welding robots. For instance, in July 2019, Yaskawa Motoman launched three new products in the robotic welding space that includes an extended-reach industrial robot, a new easy-to-use pendant application for arc welding, and an updated work cell for demanding production environments.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Robotics Market Report by Segment
By Type
- Articulated
- SCARA
- Cartesian
- Collaborative
- Others (Parallel)
By Component
- Controller
- Robotic Arm
- End Effector
- Sensors
- Drive
- Others
By Application
- Assembling & Disassembling
- Welding
- Painting
- Cutting
- Material Handling
- Others (Milling)
Global Automotive Robotics Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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