Dublin, Feb. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Robotics Market By Type, By Component, By Application, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Robotics Market size is expected to reach $12.9 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period. Robotics refers to a multidisciplinary branch of science and engineering that include computer, mechanical, electrical science and other engineering streams. Robotics helps in the design, construction, operation, and usage of robot. Moreover, advancement in robotics technology is used to develop machines that can replace people.
Robotics finds its application in various segments such as commercial and household robots. The commercial robots are utilized in many industries such as automotive, military, medical, agriculture and among others. Application of robotics is majorly in the automotive industry. In different kind of automotive robotics products, articulated robots procure major share in automotive robotics market. However, robotic controller component is becoming a profitable element that pushes the automotive robotics market in the forthcoming years.
The demand for automotive is driven by the rising average income, as a result, automotive industry became the one of the most thriving industries across the globe. The leading players of the industry are renowned companies who have proved their prominence across the globe. Therefore, growth of the automotive sector is directly proportional to the growth of automotive robotics market. The demand for robots in the automotive industry is pushed by many factors. These include modernization in the leading automobile manufacturing regions like US, Russia, Germany, India, China, and Japan, huge investments in the manufacturing capacity of new or modern automotive product line in evolving market. The market is also driven by the rising need to reduce product launch time, growing need of alternative source for untrained labor or eliminating issue of increasing labor costs, and high demand for accuracy and quality control.
By Type
Based on Type, the market is segmented into Articulated, Cartesian, Cylindrical, SCARA, and Others. Articulated robots are expected to garner major revenue share of automotive robotics market during the forecast years. Moreover, the use of articulated robots is boosted by its increase utilization in material handling, welding, and material removal and dispensing. They have generally four to six axes but with modern technologies and development, it may go on to ten axes, create them more versatile. This, as a result, improves the productivity of company through superior precision and speed. The prices of these products are reducing due to its higher shelf life.
By Component
Based on Component, the market is segmented into Robotic Arm, End Effector, Sensors, Controller, Drive and Others. On the basis of component, robotic sensors segment procured the highest revenue share of the automotive robotics market. The primary factor behind this is the extra capabilities that are brought into the automotive robots because of these sensors. These sensors-integrated robots can take intelligent decisions regarding manufacturing process, and thereby making the process much simpler and less time-consuming. Some of the main sensory systems utilized in automotive robotics are vision perception sensors and force sensing.
By Application
Based on Application, the market is segmented into Material Handling, Welding, Painting & Cutting and Others. Material handling segment held the major revenue share of the Automotive Robotics Market. Robots are used in automobile production plants primarily for tasks like painting, and spot welding. Also, there are emerging opportunities for using robots throughout the supply chain to grow productivity. Furthermore, robots don't feel tired and hence, the manufacturing processes are consistent throughout the day and consistency remains the same in peak production rates.
By Region
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific is anticipated to garner highest market share over the forecast years followed by Europe, North America, and LAMEA. Moreover, LAMEA is expected to witness highest growth rate due to rising acceptance of industrial robots in automotive companies in the next few years.
The major strategies followed by the market participants are Product Launches and Partnerships. Based on the Analysis presented in the Cardinal matrix; Fiat Chrysler Automotive N.V. is the major forerunner in the Automotive Robotics Market. Companies such as FANUC Corporation, ABB Group, Yaskawa Electric Corporation, Seiko Epson Corporation, Kuka AG, Denso Corporation, Kawasaki Heavy Industries, Ltd., and Rockwell Automation, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Denso Corporation (Denso Wave, Incorporated), Rockwell Automation, Inc., Seiko Epson Corporation, Kawasaki Heavy Industries, Ltd., Fiat Chrysler Automobiles N.V. (Comau S.P.A) and Nachi-Fujikoshi Corporation.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Oct - 2020, Oct) Leading Players
3.3.3 Key Strategic Move: (Product Launches and Product Expansions : 2016, Mar - 2020, Oct) Leading Players
Chapter 4. Global Automotive Robotics Market by Application
4.1 Global Material Handling Automotive Robotics Market by Region
4.2 Global Welding Automotive Robotics Market by Region
4.3 Global Painting & Cutting Automotive Robotics Market by Region
4.4 Global Others Application Automotive Robotics Market by Region
Chapter 5. Global Automotive Robotics Market by Type
5.1 Global Articulated Automotive Robotics Market by Region
5.2 Global Cartesian Automotive Robotics Market by Region
5.3 Global Cylindrical Automotive Robotics Market by Region
5.4 Global SCARA Automotive Robotics Market by Region
5.5 Global Others Automotive Robotics Market by Region
Chapter 6. Global Automotive Robotics Market by Component
6.1 Global Sensors Automotive Robotics Market by Region
6.2 Global Controller Automotive Robotics Market by Region
6.3 Global End Effector Automotive Robotics Market by Region
6.4 Global Robotic Arm Automotive Robotics Market by Region
6.5 Global Drive Automotive Robotics Market by Region
6.6 Global Others Automotive Robotics Market by Region
Chapter 7. Global Automotive Robotics Market by Region
7.1 North America Automotive Robotics Market
7.2 Europe Automotive Robotics Market
7.3 Asia Pacific Automotive Robotics Market
7.4 LAMEA Automotive Robotics Market
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Merges:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Kuka AG
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 FANUC Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Geographical Expansions:
8.4 Yaskawa Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Acquisition and Merges:
8.4.4.3 Geographical Expansions:
8.4.4.4 Product Launches and Product Expansions:
8.5 Denso Corporation (Denso Wave, Incorporated)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 Rockwell Automation, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Seiko Epson Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.8 Kawasaki Heavy Industries, Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.9 Fiat Chrysler Automobiles N.V. (Comau S.P.A)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Geographical Expansions:
8.10. Nachi-Fujikoshi Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Product Launches and Product Expansions:
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