Ocean View, DE -- (SBWIRE) -- 04/21/2020 -- Asia Pacific automotive robotics market was worth approx. USD 2 billion in 2016. The region is at the forefront of motion control technology, which provides unprecedented leverage for industry growth. Moreover, increasing sales of vehicles along with the presence of significant number of vehicle manufacturing facilities across the region is aiding automotive robotics industry growth.
Having garnered the reputation of being highly technology-driven, automotive robotics market thrives on the product innovations brought forth by leading business players. A recent instance citing the validity of the aforementioned declaration is Rimac's collaboration with Dassault Systèmes. Elaborating further, the September of 2017 saw Rimac Automobili, a key manufacturer of high performance electric vehicles, battery systems, and drivetrains, join forces with Dassault Systèmes, a software firm based in France, to acquire the product lifecycle management digital platform from the latter to scale up its business growth.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/210
Pertaining to the stiff competition prevalent in the automotive robotics market space, companies have been devising a number of business tactics to consolidate their position. In September 2017, for example, Avnet Incorporation, a major participant across information technology and services industry, acquired Dragon innovation, a major producer of consumer electronics products. The acquisition is expected to assist both the firms add to their existing product line and expand their presence in automotive robotics market.
In manufacturing facilities, manual operations pose high risk of human-related errors. Also, labor costs are gradually increasing, especially in developed economies. Usage of automotive robots not only eliminates risk factors and reduces labor costs, but also facilitates mass production of automotive components. Increasing need for better productivity and proper functioning of assembly lines for vehicle production will foster automotive robotics industry size. Automotive OEMs are progressively installing robots in manufacturing facilities to achieve economies of scale, which will foster industry growth.
Automotive robots are predominantly used in welding, painting & dispensing, and handling operations. Benefits offered easy deployment, light weight, durability & space saving will fuel product penetration. In addition, rise in technological advancements in raw materials used for robot making is likely to increase product demand. Automotive robotics market size is likely to cross USD 5.96 billion mark by 2024.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/210
Parallel robots have gained relevance in micro-manufacturing automation on account of stiffness, high speed, and flexible fixturing advantages offered by them, which is a key impetus behind automotive industry growth. Parallel automotive robotics market is likely to exhibit a CAGR of over 4% during 2017-2024.
ABB, Fanuc, Yamaha, and KUKA are the key players contributing towards global automotive robotics market growth. Other noteworthy players include Kawasaki Heavy Industries, Omron Corporation, Rockwell Automation, Universal Robots, and Staubli.
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
Chapter 5. Automotive Robotics Market, By Component
5.1. Global automotive robotics market share by component, 2016 & 2024
5.2. Hardware
5.2.1. Global market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Controllers
5.2.3.1. Global market estimates and forecasts, 2013 – 2024
5.2.3.2. Market estimates and forecast, by region, 2013 – 2024
5.2.4. Robotics arm
5.2.4.1. Global market estimates and forecasts, 2013 – 2024
5.2.4.2. Market estimates and forecast, by region, 2013 – 2024
5.2.5. End effector
5.2.5.1. Global market estimates and forecasts, 2013 – 2024
5.2.5.2. Market estimates and forecast, by region, 2013 – 2024
5.2.6. Automotive robotic drive
5.2.6.1. Global market estimates and forecasts, 2013 – 2024
5.2.6.2. Market estimates and forecast, by region, 2013 – 2024
5.2.7. Automotive robotic sensor
5.2.7.1. Global market estimates and forecasts, 2013 – 2024
5.2.7.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Software & services
5.3.1. Global market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ 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.