Advanced Robotics in Automotive Market: Perspective on Upcoming Impacts and Forecast Analysis (2024-2030) by Product Type, Function Type, End User, Component, and Region
Advanced Robotics in Automotive Market size was valued at US$ 12.30 Billion in 2023 and the total Advanced Robotics in Automotive Market revenue is expected to grow at 10.17% through 2024 to 2030, reaching nearly US$ 24.24 Billion.
Format : PDF | Report ID : SMR_425
Advanced Robotics in Automotive Market Overview:
For many years, the automotive industry has used industrial robotics in the manufacturing process. Armored robots hold a substantial portion of automotive robots, and welding is the most common use of robots in the automobile industry. Robotic technologies in the automobile sector are more cost-effective, efficient, and safe than human counterparts since they can complete tasks faster. Advanced Robotics in Automotive market is expected to register CAGR of 10.17% during the forecast period.
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Advanced Robotics in Automotive Market Dynamics:
Drives by legislatures and public-privately owned businesses to moderate COVID-19 effect:
The Advanced Robotics for Manufacturing (ARM) Institute is a public-private affiliation that endeavors to work on the seriousness of makers in the US through coordinated efforts and improvement of creative mechanical technology arrangements. It is supported by the US Department of Defense. The foundation has called for fast and high-sway projects in advanced mechanics to help the speedy reaction expected for the COVID-19 pandemic. The endorsed proposition would be financed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Such invigorating bundles urge firms to foster inventive arrangements. The Government of India has given a motivation of Rs 1.45-trillion bundle by broadening the creation connected motivator (PLI) plan to 10 assembling areas with primary spotlight on the auto and car parts area. The Japanese government has USD 221 million sponsorship as a piece of its China leave strategy for Japanese organizations to move their base to India and different areas.
Under its State Guarantee plot, the public authority of France has stretched out monetary assistance to assist organizations with beating their liquidity issues by ensuring the repayment of specific qualified advances up to a total measure of USD 358 billion. Indonesia delivered two improvement bundles to counter the effect of the COVID-19 pandemic. The principal bundle was presented in February 2020 totaling US$725 million, and the subsequent bundle was given in March 2020 totaling US$8 billion. The subsequent boost bundle was sent off to safeguard the economy and little and medium-sized ventures (SMEs), especially in the assembling area. To battle the adverse effect of COVID-19 on organizations, the Singapore government will never again build the labor and products charge (GST), it will keep on excess at 7%.
Electronics businesses will be able to develop more as automation improves, as they will be able to manufacture prototypes in less time and with less capital. Robots can be utilized in a variety of tasks throughout the manufacturing process, including assembling, dispensing, milling, inspection, packaging, and palletizing. The desire for robotics is also aided by advancements in end effectors and vision systems. Random bin selection, for example, allows robots to select unsorted components from bins and install them in the desired orientation. Factory workers in the electronics industry are still mostly doing repetitive and redundant operations like hand assembly and tooling. Robotics will shift the expectations placed on workers since they will be able to focus on high-criticality jobs like final inspection and quality control. For example, the KUKA (Germany) KR 3 AGLIUS is designed for high cycle times in applications such as micro screw fitting, smartphone casing polishing, and display and circuit board handling.
Industrial robot interoperability and integration concerns:
In any factory or production unit, interoperability is essential. For both hardware and software to connect and coordinate diverse automation systems, a modular architecture is required. The software used for programming, diagnosing, and monitoring is the emphasis of this article. It's not ordinary for industries to mix and match robot arms from various manufacturers.
Advanced Robotics in Automotive Market Segmentation:
Robot Accessories part to have the most noteworthy development in the Advanced Robotics in Automotive market during the estimate time frame:
The part wise development rate, for the modern mechanical technology market is assessed to be explicitly most noteworthy for the robot embellishments, for example, end-effectors and vision-frameworks. Mechanical development has achieved significant progressions in the end-effectors. These progressions in the end-effectors have been somewhat fuelled by the need to accomplish apt control in modern robots for their upgraded working especially in pick-and-spot activities. Later on, the end-effectors are relied upon to accomplish a more significant level of mechanical complexity as AI programming and wellbeing highlights are progressively being joined inside the End of Arm Tools (EOAT) itself, along with the capacity to adjust to its current circumstance utilizing machine vision. Following the modern 4.0, which works with perfect correspondence and prevalent information streamlining and assortment, manageability keeps on spreading wide in the automated EOAT industry, consequently driving turns of events.
Modern robots with payload scope of 16.01 KG-60.00 KG to observe most noteworthy development rate during the conjecture time frame:
The payload classification displaying the most noteworthy development during the gauge time frame is the 16.01-60.00 kg classification. This class incorporates the enunciated, SCARA, equal, and cooperative robots which would have a more appeal in the market during the estimate time frame too. This is on the grounds that the SCARA robots expected to enlist the most elevated development, attributable to the expanding need for robotization in the electrical and hardware industry for get together and taking care of uses where they would be broadly utilized. Moreover, the SCARA robots are undeniably bound to supplant the barrel shaped and round robots which would before long become old in future. The SCARA robots are better than the round and hollow and circular robots as far as its speed, capacities and their similarity with most recent regulators, programming, end effectors, and vision frameworks. The SCARA robots can be especially utilized in modern applications which require a spotless and sterile climate like the food and refreshment enterprises
Emerging Trends in Advanced Robotics in Automotive Industry:
- Robotic Vision:
If a robot has "eyes," it can accomplish tasks more accurately because it can "see" what it's doing. Robotics 2.0 is all about robots being able to cope with increasing degrees of variation through 2D and 3D perception. OpenCV (Open Source Computer Vision), a library of programming functions that delivers free software libraries for computer vision development through real-time image processing, is driving this tremendous advancement. The software algorithm modules, in combination with the hardware (a camera and laser array on the robot wrist), are making the robots smarter by allowing them to work more adaptively rather than just doing rote movements. By processing visual input, it provides fast feedback, allowing the robot to execute precise offsetting and calibration.
- Automated Welding for Automotive Manufacturing:
Since the 1980s, robotic welding has been one of the most common robotic applications in the automotive industry, mostly for spot and arc welding. Today's six-axis robotic welders are capable of a wide range of welding processes, from laser to friction to complete bodywork solutions. Not only do COBOTS share a workspace with humans, but they also collaborate with other robotic systems on huge manufacturing lines. To keep the assembly line going, robot welders and handlers must work together. This improves the welding quality and speed of multi-material vehicle production while also making production facilities more automated and simplified.
Advanced Robotics in Automotive Market Regional Insights:
Asia-Pacific segment is expected to grow at a significant rate:
Asia-Pacific is the world's fastest-growing area, with countries like India, China, Taiwan, and South Korea emerging as regional leaders. Leading vendors like as ABB and KUKA are establishing the region as the headquarters for their operations. Furthermore, government laws and subsidies have aided infrastructure improvement projects. As a result of these factors, APAC has emerged as the preferred automobile manufacturing hub, driving the automotive robots market.
In terms of development, China and India are the leading countries in Asia-Pacific, and many sectors, like as automotive, electronics, and aviation, are opening factories in these countries, increasing demand for the automotive robotics market and establishing Asia-Pacific as a growing region. For their next automobiles, major manufacturers in the region are incorporating robotics and other advanced manufacturing technology. Byton, for example, signed a production agreement with Foxconn in January 2021, under which Foxconn would provide sophisticated manufacturing technologies, operations management knowledge, and supply chain capabilities to Byton. The two businesses will collaborate on Byton's M-Byte electric SUV throughout the manufacturing process, with the goal of launching the vehicle in the Chinese market by 2022.
The objective of the report is to present a comprehensive analysis of the Advanced Robotics in Automotive Market to the stakeholders in the industry. The report provides trends that are most dominant in the Advanced Robotics in Automotive Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Advanced Robotics in Automotive Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Advanced Robotics in Automotive Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Advanced Robotics in Automotive Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Advanced Robotics in Automotive Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Advanced Robotics in Automotive Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Advanced Robotics in Automotive Market is aided by legal factors.
Advanced Robotics in Automotive Market Scope:
Advanced Robotics in Automotive Market |
|
Market Size in 2023 |
USD 12.30 Bn. |
Market Size in 2030 |
USD 24.24 Bn. |
CAGR (2024-2030) |
10.17% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
by Product Type
|
by Component
|
|
by Function Type
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Advanced Robotics in Automotive Market Players:
- FANUC (Japan)
- ABB (Switzerland)
- YASKAWA(Japan)
- Kawasaki Heavy Industries (Japan)
- Denso Corporation (Japan)
- NACHI-FUJIKOSHI (Japan)
- Seiko Epson (Japan)
- DÜrr (Germany)
- ICR Services (US)
- IRS Robotics (Netherlands)
- Hyundai Robotics (South Korea)
- Siasun Robotics (China)
- KUKA (Germany)
- Mitsubishi Electric (Japan)
- Universal Robots (Denmark)
- Stäubli (Switzerland),
- Comau (Italy)
- B+M SURFACE SYSTEMS (Germany)
- RobotWorx (US)
- Techman Robot (Taiwan)
- Rethink Robotics (Germany)
- FrankaEmika (Germany)
- F&P Robotics (Switzerland)
- Bosch Rexroth (Germany)
Frequently Asked Questions
Asia Pacific region have the highest growth rate in the Advanced Robotics in Automotive market.
ABB (Switzerland), FANUC (Japan), YASKAWA(Japan) KUKA (Germany), Mitsubishi Electric (Japan) (Japan), Kawasaki Heavy Industries (Japan), Denso Corporation (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), DÜrr (Germany), Universal Robots (Denmark), Stäubli (Switzerland), and others are the key players in the Advanced Robotics in Automotive market.
Welding and soldering segment is dominating the market owing to increasing demand for efficient and time saving welding for automotive applications.
1. Advanced Robotics in Automotive Market: Research Methodology
1.1. Research Data
1.1.1. Secondary Data
1.1.2. Primary Data
1.1.3. Secondary and Primary Research
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Up Approach
1.3. Research Assumption
2. Advanced Robotics in Automotive Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Advanced Robotics in Automotive Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. Total Production (2023)
3.2.5. End-user Segment
3.2.6. Y-O-Y%
3.2.7. Revenue (2023)
3.2.8. Profit Magin
3.2.9. Market Share
3.2.10. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Advanced Robotics in Automotive Market: Dynamics
4.1. Advanced Robotics in Automotive Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Advanced Robotics in Automotive Market Drivers
4.3. Advanced Robotics in Automotive Market Restraints
4.4. Advanced Robotics in Automotive Market Opportunities
4.5. Advanced Robotics in Automotive Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Legal Factors
4.7.5. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
4.10.1. Market Regulation by Region
4.10.1.1. North America
4.10.1.2. Europe
4.10.1.3. Asia Pacific
4.10.1.4. Middle East and Africa
4.10.1.5. South America
4.10.2. Impact of Regulations on Market Dynamics
4.10.3. Government Schemes and Initiatives
5. Advanced Robotics in Automotive Market Size and Forecast by Segments (by Value in USD Mn.)
5.1. Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
5.1.1. Cartesian Robots
5.1.2. SCARA Robots
5.1.3. Parallel/Delta Robot
5.1.4. Articulated Robot
5.1.5. Others
5.2. Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
5.2.1. Robotic Arms
5.2.2. Robot Accessories
5.2.3. End Effectors
5.2.4. Controllers
5.2.5. Drive Units
5.2.6. Vision Systems
5.2.7. Sensors
5.2.8. Power Supply
5.2.9. Additional Hardware (Safety fencing, fixtures, conveyors, etc.)
5.2.10. Software & Programming
5.3. Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
5.3.1. Handling
5.3.2. Dispensing
5.3.3. Processing
5.3.4. Assembling and Disassembling
5.3.5. Welding and Soldering
5.3.6. Others (Inspection & quality-testing and die-casting & molding)
5.4. Advanced Robotics in Automotive Market Size and Forecast, by Region (2023-2030)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. South America
6. North America Advanced Robotics in Automotive Market Size and Forecast (by Value in USD Mn.)
6.1. North America Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
6.1.1. Cartesian Robots
6.1.2. SCARA Robots
6.1.3. Parallel/Delta Robot
6.1.4. Articulated Robot
6.1.5. Others
6.2. North America Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
6.2.1. Robotic Arms
6.2.2. Robot Accessories
6.2.3. End Effectors
6.2.4. Controllers
6.2.5. Drive Units
6.2.6. Vision Systems
6.2.7. Sensors
6.2.8. Power Supply
6.2.9. Additional Hardware (Safety fencing, fixtures, conveyors, etc.)
6.2.10. Software & Programming
6.3. North America Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
6.3.1. Handling
6.3.2. Dispensing
6.3.3. Processing
6.3.4. Assembling and Disassembling
6.3.5. Welding and Soldering
6.3.6. Others (Inspection & quality-testing and die-casting & molding)
6.4. North America Advanced Robotics in Automotive Market Size and Forecast, by Country (2023-2030)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. Europe Advanced Robotics in Automotive Market Size and Forecast (by Value in USD Mn.)
7.1. Europe Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
7.2. Europe Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
7.3. Europe Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
7.4. Europe Advanced Robotics in Automotive Market Size and Forecast, by Country (2023-2030)
7.4.1. UK
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Sweden
7.4.7. Austria
7.4.8. Rest of Europe
8. Asia Pacific Advanced Robotics in Automotive Market Size and Forecast (by Value in USD Mn.)
8.1. Asia Pacific Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
8.2. Asia Pacific Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
8.3. Asia Pacific Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
8.4. Asia Pacific Advanced Robotics in Automotive Market Size and Forecast, by Country (2023-2030)
8.4.1. China
8.4.2. S Korea
8.4.3. Japan
8.4.4. India
8.4.5. Australia
8.4.6. Indonesia
8.4.7. Malaysia
8.4.8. Vietnam
8.4.9. Taiwan
8.4.10. Bangladesh
8.4.11. Pakistan
8.4.12. Rest of Asia Pacific
9. Middle East and Africa Advanced Robotics in Automotive Market Size and Forecast (by Value in USD Mn.)
9.1. Middle East and Africa Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
9.2. Middle East and Africa Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
9.3. Middle East and Africa Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
9.4. Middle East and Africa Single-Use Filtration Assembly Market Size and Forecast, by Country (2023-2030)
9.4.1. South Africa
9.4.2. GCC
9.4.3. Egypt
9.4.4. Nigeria
9.4.5. Rest of ME&A
10. South America Advanced Robotics in Automotive Market Size and Forecast (by Value in USD Mn.)
10.1. South America Advanced Robotics in Automotive Market Size and Forecast, by Product Type (2023-2030)
10.2. South America Advanced Robotics in Automotive Market Size and Forecast, by Component (2023-2030)
10.3. South America Advanced Robotics in Automotive Market Size and Forecast, By Function Type (2023-2030)
10.3.1. Handling
10.3.2. Dispensing
10.3.3. Processing
10.3.4. Assembling and Disassembling
10.3.5. Welding and Soldering
10.3.6. Others (Inspection & quality-testing and die-casting & molding)
10.4. South America Advanced Robotics in Automotive Market Size and Forecast, by Country (2023-2030)
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
11. Company Profiles: Key Players
11.1. FANUC (Japan)
11.1.1. Company Overview
11.1.2. Component Portfolio
11.1.3. Financial Overview
11.1.4. Business Strategy
11.1.5. Key Developments
11.2. ABB (Switzerland)
11.3. YASKAWA (Japan)
11.4. Kawasaki Heavy Industries (Japan)
11.5. Denso Corporation (Japan)
11.6. NACHI-FUJIKOSHI (Japan)
11.7. Seiko Epson (Japan)
11.8. DÜrr (Germany)
11.9. ICR Services (US)
11.10. IRS Robotics (Netherlands)
11.11. Hyundai Robotics (South Korea)
11.12. Siasun Robotics (China)
11.13. KUKA (Germany)
11.14. Mitsubishi Electric (Japan)
11.15. Universal Robots (Denmark)
11.16. Stäubli (Switzerland),
11.17. Comau (Italy)
11.18. B+M SURFACE SYSTEMS (Germany)
11.19. RobotWorx (US)
11.20. Techman Robot (Taiwan)
11.21. Rethink Robotics (Germany)
11.22. FrankaEmika (Germany)
11.23. F&P Robotics (Switzerland)
11.24. Bosch Rexroth (Germany)
12. Key Findings
13. Industry Recommendations