The global Automotive Robotics Market size is expected to value at USD 13.6 billion by 2025. The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector. Rising adoption of automation and robotics in manufacturing processes has changed overall outlook of the automotive industry since last few decades. Additionally, rise in initiatives taken by the regional governments to promote use of automation in manufacturing processes are likely to boost the sales of automotive robots. Such initiatives by regional government include tax exemptions and tax cut, thus reducing overall manufacturing cost and elevating the manufacturing opportunities for industry players across the globe. Such factors are anticipated to drive the growth of the market in upcoming years.

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Globally, the automotive robotics market is predicted to grow at CAGR of 13.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Articulated robotics is one of the fastest growing segment in automotive robotics industry with highest revenue generation in recent years. Increasing adoption of articulated robot is credited to its numerous advantages such as flexibility and degree of freedom. Articulated robots are primarily used in application involving large-scale assembly line with six axes movement.

Some of these application include welding, material handling, dispensing and material separation. These robots are specifically designed to perform mundane tasks in a restricted time frame. Increasing number of application of automotive robots in industrial manufacturing processes is a key factor responsible for the growth of the automotive robotics industry.

Increasing adoption of robotics in automotive industry is credited to rising application of robots in different aspects of the production line due to their large-scale work envelope. Latest trends involving increasing adoption of the robots for spot welding application is expected to propel growth of the automotive robotics market in coming years. Selective compliance assembly robot arm (SCARA) robots has witnessed higher CAGR in the automotive robotics industry during the forecast period. Wide range of application of SCARA robots include vertical assembly operations, loading and unloading of heavy work-pieces, transferring of components, and assembly.

Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop & pick operations with smaller payload capacity. While an assembly robot such as articulated robotics need smaller space for its operations, and work with high precision and speed.

Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufactures. Some of these advantages include superior quality, lower maintenance costs, higher capacity and superior performance with minimum human intervenes. Major application of the robots during vehicle manufacturing include spot welding and painting, also adoption of the robots during in the supply chain operations is on the rise.

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Early adoption of the automotive robots in supply chain operation leads to minimum production delays. Automotive industries need to follow specific time frame during manufacturing processes coupled with process control at each step in the production line. Thus adoption of automotive robotics has become vital in recent years. Such factors are spurring the demand of automotive robots in recent years.

The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive robotics market with massive growth in forecast period.

Countries such as Korea, China and Japan are leading the Asia-Pacific market with increase in the domestic manufacturing, rise in the adoption of robotics and numerous joint ventures with foreign companies. The key players in the automotive robotics industry are ABB Robotics, Fanuc Co., Denso Co., Kawasaki Heavy Industries Limited and Cisco Systems, Inc.

Market Segment:

Automotive Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)
• Articulated
• Cartesian
• Cylindrical
• Polar/Spherical
• SCARA

Automotive Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)
• Assembly
• Dispensing
• Material Handling
• Welding
• Others

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Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• Japan
• Korea
• Taiwan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

According to the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global robotics market reached a volume of nearly 10 Million Units in 2018, growing at a CAGR of 21.8% during 2011-2018. Robotics is a field of engineering that studies the manufacturing, operation, handling, design and conception of robots. A robot is a machine which can automatically perform a set of complex activities. It can either be embedded with the control system or can be guided by an external control device. Additionally, robots provide improved productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in the assembly lines of the automotive industry, whereas now they are utilised for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries.

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Over the years, there has been a rise in the technological advancements as well as the number of investments made in the field of robotics which is proliferating the growth of the robotics market. In addition to this, nowadays, robots have an improved sensory perception due to enhanced force sensors, fast processors and better vision. This has led to a shift towards automation in various industries for the purpose of reducing costs and increasing productivity which has augmented the demand for robotics across the globe. Other factors which are positively influencing the growth of the market include improvements in the integration of robotic system, reduction in the time taken to perform an activity along with an increase in the preferences of virtual commissioning methods. However, higher cost of mobile robots is one of the factors which is impeding the growth of the global robotics market. Looking forward, the market volume is projected to reach 26 Million Units by 2024.

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Market Summary:

• The global robotics market has been segmented on the basis of type which mainly includes industrial robotics and service robotics. Amongst these, service robotics represent the most popular type of robotics owing to their ability to perform a series of programmed tasks in the production and manufacturing settings.
• On a geographical front, North America currently dominates the market with the majority of the market share. The growth is stimulated by an increase in research and development activities and a rapid rise in the adoption of new technologies across the region. North America is followed by Europe, Asia Pacific and Latin America.
• The competitive landscape of the market has also been examined with some of the key players being ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.

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28 November 2018, The global Automotive Robotics Market is predicted to grow at a CAGR surpassing 11% over the forecast period (2016-2024). The market is likely to exceed USD 16 billion by 2024. Demand for trucks, cars, buses, and off-road vehicles will drive the industry. Growth in automotive manufacturing will increase the demand for automotive robots. Investment in new production capacity of emerging markets could add to market growth. Modernization in automobile manufacturing can stand to benefit the market.

Improvements in technology, production capacity, and sustainability are expected to augment demand. Investments to enhance production capacity in fledgling markets will also play a key role.  Greater need for precision & quality control stimulates the demand for automotive robotics. The lack of skilled labor and rising wages are the other market drivers. However, high capital investment, uncertain return on investment, and lack of skilled labor for mechanical operations can inhibit industry growth.

The global automotive robotics market is split into applications, products, and regions. Applications include automated guided vehicles (AGVs), assembling, painting, welding, cutting, and dispensing, among others. Robots are deployed to find the minutest manufacturing differences in handling activities. The robot-to-robot work ensures quality and efficiency of the product.

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Painting of a vehicle is an integral part of its manufacturing process. It calls for consistency and precision throughout production. When used for painting, automotive robots employ flow meters. These reduce wastage and ensure that the paint is evenly coated on the vehicle body. Companies direct their R&Ds towards enhancing productivity and reducing costs & delivery time.

Furthermore, automotive robots perform tasks, such as laser welding, machine loading, material handling, packaging, parts leaning, palletizing, pick & place, polishing, sealing, spraying, and welding. These applications can augment market demand during the forecast period.

Based on products, the global market is fragmented into Cartesian robots, articulated robots, selective compliance assembly robot arm (SCARA), and others. The articulated robots segment is projected to register the highest CAGR in the years to come. This segment will continue to dominate the global market. Activities, such as arc welding, de-assembling, cutting & milling, coating, grinding, gluing, spot welding, and handling of metal casting drive the demand for articulated robots. SCARA are primarily used for inspection of finished products, assembly cells, and tightening of screws.

Regions in the automotive robotics industry are North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific is expected to witness substantial growth owing to rapid industrialization and rise in manufacturing activities. The China market will expand significantly because of government regulations and the availability of funds supporting domestic players. The country could exhibit high demand for robotics from its manufacturing sector by the end of 2017. Demand for automation in electronics and automotive industries will fuel this region. The U.S. automotive robotics industry will add to the growth of the North America market. With Germany contributing significantly to industry growth, the Europe automotive robotics market is expected to perform favorably.

Participants in the worldwide automotive robotics industry are the ABB Group, KUKA AG, Yamaha Robotics, and FANUC Corporation. These companies focus immensely on R&D to develop innovative technology. They also partake in mergers & acquisitions to enhance their market shares.

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