Global Automotive Robotics Market (2021-2027)
Dublin, October 12, 2021 (GLOBE NEWSWIRE) – The report “Automotive Robotics Market, Global Forecasts, Coronavirus Impact, Industry Trends, By Components, Growth, Business Analysis Of Opportunities” has been added To ResearchAndMarkets.com offer.
Robots are now easier to program and deploy than ever before. Each project comes with an unprecedented challenge. Globally, car assembly operations and parts manufacturers are among the most important users of robotics in automotive manufacturing. Robots have played a central role in the auto industry for decades. Robots working alongside humans perform tasks ranging from handling to inserting parts on an assembly line. According to the publisher, the global automotive robotics market will represent $ 14.1 billion in opportunities by 2027.
In addition, automotive manufacturing robots give key automotive players a competitive edge. They not only improve quality and reduce warranty costs while protecting workers from hazardous work. All over the world, the automotive assembly line uses robots for welding and painting. However, there are many other uses for robots throughout the supply chain process. The most important factors that have driven the overall growth of this market are increased vehicle production, improved cost competitiveness and wage inflation. However, automation of collection drives unemployment and high penetration in the automotive industry may hamper the growth of the market.
Automakers are integrating robotics into their manufacturing processes, as robots provide many advantages on the production line, including improved precision, efficiency, flexibility and reliability. As a result of this wide selection of automotive robots, the automotive industry turned to the most automated industry in the world and one of the largest consumers of industrial robots.
Automotive manufacturing robots provide a competitive advantage for automotive companies by improving quality, increasing capacity, reducing warranty costs, and protecting workers from difficult and hazardous tasks. Automotive robotics are commonly used in automotive assembly plants for applications such as spot welding, painting and other tasks; however, there are several other possibilities.
The automotive industry is focused on maximizing the benefits of Industry 4.0, in which connected machines communicate with each other and human administrators to ensure efficient and transparent operations. As a result, robotization in the mechanization industry is driving the automotive robotics market forward. Industry 4.0 can be defined as a new stage in the evolution of manufacturing. According to the publisher’s findings, the global automotive robotics market size will increase with a healthy CAGR of 11.70% during the period 2020-2027.
The growth of AI-integrated robotics and other data-driven operations will drive the adoption of automotive robotics around the world. The Science and Technology Law Section of the United States Bar hosted a series of presentations on the legal implications of advanced robotics in the automotive manufacturing process industry in 2020. There, Robotics Safety Standards are continually being developed for the more complex and specialized environment. The automotive robotics industry was valued at US $ 6.5 billion in 2020.
Impact of COVID-19 on the automotive robotics industry
Around the world, the COVID-19 pandemic has severely affected the robotics automation industry, as the automotive industry uses most of the automotive robotics. The COVID-19 pandemic has hampered the production chain due to declining consumer demand around the world. Around the world, companies have reduced their investments in automation, which has had a huge impact on this industry. According to our analysis, this industry will recover after COVID and this market will thrive during the forecast period.
Component – Market split from 6 points of view
3. End effector
4. Robotic arm
Types-Market breakdown from 5 points of view
Application-Market split from 5 points of view
2. Material handling
Region -Distribution of the market from 5 points of view
1. North America
4. Middle East and Africa
5. Latin America
2. FANUC CORPORATION
3. Rockwell Automation, Inc.
4. Seiko Epson Corporation
5. Yaskawa Electric Company
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1 Growth drivers
5. Global Automotive Robotics Market
6. Market share analysis
6.1 By types
6.2 By components
6.3 By application
6.4 By regions
7. Component – Automotive Robotics Market
7.3 End effector
7.4 Robotic arm
8. Types – Automotive Robotics Market
9. Application – Automotive Robotics Market
10. Region – Automotive Robotics Market
10.1 North America
10.4 Middle East Africa
10.5 Latin America
11. Business analysis
11.1.2 Recent developments
11.2 Fanuc Company
11.2.2 Recent developments
11.3 Rockwell Automation, Inc.
11.3.2 Recent developments
11.4 Seiko Epson Corporation
11.4.2 Recent developments
11.5 Yaskawa Electric Company
11.5.2 Recent developments
For more information on this report, visit https://www.researchandmarkets.com/r/nq1fj5
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