DUBLIN – (COMMERCIAL THREAD)–The “Automotive Robotics Market – Growth, Trends, Impact of COVID-19 and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The automotive robotics market was valued at USD 9 billion in 2020 and is expected to reach USD 16 billion by 2026, at a CAGR of over 10% during the forecast period (2021 – 2026).
Robotics Adept Omron
Honda Motor Co. Ltd
Harmonic drive system
RobCo SWAT Ltd.
Key market trends
Technological innovations drive market growth
The automotive manufacturing segment has taken rapid action in the field of industrial automation, becoming a model for other industries by showing how automation should be used to increase the value chain and achieve zero-defect manufacturing. The automotive industry was one of the first to adopt robotics for applications such as welding, painting, glue dispensing, etc. However, there are many robotic applications to choose from within the industry.
Now, the automotive industry is focusing on new technology trends, such as compact robot and controller, higher communication speed, low spatter and high speed welding, human collaborative robot with industry 4.0 .
Now, with all automotive applications, businesses are moving towards the Internet of Things (IoT). The growth of the IoT concept and technological advancements have spurred the use of automated technologies in various industries. The high penetration rate of smart devices and the use of wireless and cloud technologies will change the face and the way robots operate in the near future.
Asia-Pacific Expected to Dominate Automotive Robotics Market
Asia-Pacific is the fastest growing region in the world, with countries like India, China, Taiwan and South Korea evolving as leaders in this region. Major suppliers, such as ABB and KUKA, establish the region as the base of their operations. In addition, government regulations and funds have enabled projects to improve infrastructure. These aspects have made APAC the preferred automotive manufacturing center, which will drive the automotive robotics market.
Countries like China and India are the main Asia-Pacific countries in terms of development, and many industries, such as automotive, electronics and aviation are opening factories in these countries, which generates demand for the automotive robotics market. , making Asia-Pacific an emerging region.
Major players in the region are embracing robotics and other advanced manufacturing technologies for their future vehicles. For example, in January 2021, Byton signed a manufacturing agreement with Foxconn, which will provide Byton with advanced manufacturing technology, operations management expertise and supply chain resources. The two companies will work together for Byton’s M-Byte electric SUV at all stages of its production chain to bring the SUV to the Chinese market by 2022.
In addition, the Byton Nanjing factory was built to Industry 4.0 standards using advanced equipment and manufacturing technology. The welding workshop includes 335 Kuka welding robots.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market constraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By type of end user
5.2 Component type
5.3 By product type
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/23vrn1