Automotive Robotics Market to exceed 200 thousand units by 2024

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Global Market Insights, Inc. quotes, Automotive robotic controllers are the most commonly used hardware in the auto robotics market with a CAGR of over 4% in the forecast period.

Automotive Robotics Market
The key industry participants in the automotive robotics market are KUKA, ABB, FANUC, Rockwell, Kawasaki Heavy Industries and Yaskawa.

Parallel robots in the automotive robotics market will witness over 4% CAGR by 2024. Micro-manufacturing automation is a key factor that will fuel the product demand over the forecast time frame. High speed, stiffness, and flexible fixturing are the benefits supporting the product demand.

SCARA robots used in the automobile industry will cross over 33 thousand units by 2024. This can be credited to increasing usage in applications such as high-speed assembly and handling operations. Rising demand for reduced bottlenecks and optimized productivity will boost the automotive robotics market penetration.

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Software and services segment is projected to cross USD 1 billion in 2024. Improved software programming has enhanced the quality that will further propel the industry growth. Software loaded in the product will enable real time decision making in the production process supporting the automotive robotics market growth rate.

Automotive robotic controllers are the most commonly used hardware with a CAGR of over 4% in the forecast period. High acceptance of robotic arms is required in areas, where repetitive tasks are performed. Easy installing, lightweight model, and space-saving ability are the features, accelerating the robotic arms industry growth.

Handling operations dominated the automotive robotics market share in 2016 owing to lifting tasks meeting several demands of the automakers. Safety regulations for these advanced products has resulted in employee’s well-being coupled with minimized associated injuries.

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In 2016, APAC automotive robotics market was approximately USD 2.0 billion. The region is attributed to have highest overall industry share owing to product’s motion control technology. Further, the region has substantial number of vehicle manufacturing facilities contributing to the automotive industry growth. Europe is estimated to have 3.5% CAGR from 2017 to 2024.

Global automotive robotics market consists of several players and the key players are ABB, KUKA, Fanuc, and Yamaha acquiring significant market share in 2016. Other notable players include Omron Corporation, Kawasaki Heavy Industries, Rockwell Automation, Staubli, and Universal Robots.

Browse key industry insights spread across 400 pages with 629 market data tables & 11 figures & charts from the report, “Automotive Robotics Market Size By Product (Articulated, Cartesian, SCARA, Parallel, Cylindrical), By Component (Hardware [Controllers, Arms, End Effector, Drive, And Sensor], Software & Services), By Application (Welding, Assembly, Processing, Handling Operations, Paint & Dispense), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, France, Spain, Sweden, Denmark, Belgium, China, India, Japan, South Korea, Australia, Singapore, Thailand, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-robotics-market

Table of Contents (ToC) of the report:
Chapter 4. Automotive robotics Market, By Product
4.1. Global automotive robotics market share by product, 2016 & 2024
4.2. Articulated
4.2.1. Global market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Cartesian
4.3.1. Global market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. SCARA
4.4.1. Global market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Parallel
4.5.1. Global market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Cylindrical
4.6.1. Global market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-robotics-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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