The automotive industry has used industrial robotics in the manufacturing process for many years. Armoured robots account for a significant share of automotive robots, and welding is the most widespread application of robotics in the automotive industry. Because they can execute tasks faster, robotic technologies in the automotive industry are more cost-effective, efficient, and safe than human counterparts. During the projected period, the Advanced Robotics in Automotive market is expected to grow at a CAGR of 10.17%.
Advanced Robotics in Automotive Market Report Scope and Research Methodology:
The research serves as a strategic planning reference for organisations, and it contains Advanced Robotics in Automotive market supply, trends, share, and recent changes. The study aids in the analysis of major players, pricing, and revenue, as well as Advanced Robotics in Automotive industry sales channels, distributors, dealers, and traders, company strengths and weaknesses, research results, conclusion, data source, and appendices.
The study includes company profiles, revenue, price, product specifications, product capacity and sales, and gross margin sales, as well as an in-depth examination of the Advanced Robotics in Automotive market's competitive landscape with particular data on vendors. The SWOT analysis was utilised to offer the strengths and weaknesses of the industry's Advanced Robotics in Automotive key players, while the bottom-up technique was used to estimate regional and worldwide Advanced Robotics in Automotive market size.
Advanced Robotics in Automotive Market Report Overview:
The study is based on key organisation forecasts as well as Advanced Robotics in Automotive Market statistics. The Advanced Robotics in Automotive market research provides information on the growth variables, current market share, technical advances, applications, and regional penetrations by 2029.
Advanced Robotics in Automotive Market size was valued at US$ 11.17 Billion in 2022 and the total Advanced Robotics in Automotive Market revenue is expected to grow at 10.17% through 2023 to 2029, reaching nearly US$ 22.02 Billion.
Advanced Robotics in Automotive Market Regional Analysis:
The Advanced Robotics in Automotive market study examines all regions, including Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides the current state and prognosis of the regional Advanced Robotics in Automotive market in terms of market size, share, and volume.
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Advanced Robotics in Automotive Market Segmentation:
The modern mechanical technology market's segment-wise growth rate is estimated to be particularly noteworthy for robot embellishments, for example, end-effectors and vision-frameworks. Mechanical development has made substantial advances in end-effectors. These advancements in end-effectors have been fueled in part by the necessity to achieve appropriate control in current robots for their improved operating, particularly in pick-and-spot tasks. Later on, end-effectors are expected to achieve a higher level of mechanical complexity as AI programming and wellbeing highlights are increasingly being integrated inside the End of Arm Tools (EOAT) itself, alongside the capacity to adjust to its current situation utilising machine vision.
The payload classification with the most significant growth during the gauge period is the 16.01-60.00 kg classification. This class includes articulated, SCARA, equal, and cooperative robots, which would have a greater market appeal during the estimated time range. This is because SCARA robots are predicted to have the most rapid development, owing to the growing demand for robotization in the electrical and hardware industries for assembly and maintenance applications where they will be widely used. Furthermore, SCARA robots are unquestionably destined to replace the barrel-shaped and circular robots that will soon become obsolete.
Advanced Robotics in Automotive Market Key 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)
Key Questions answered in the Advanced Robotics in Automotive Market Report are:
- What is Advanced Robotics in Automotive Market?
- What are the Advanced Robotics in Automotive market segments?
- Which segment of the Advanced Robotics in Automotive market is expected to grow at a high rate during the forecast period?
- What is the expected CAGR of the Advanced Robotics in Automotive market during the forecast period?
- Which factor is expected to create growth opportunities for the Advanced Robotics in Automotive Market?
- What factors are affecting the Advanced Robotics in Automotive market growth?
- Which regional Advanced Robotics in Automotive market is expected to grow at a high rate during the forecast period?
- What key trends are expected to emerge in the Advanced Robotics in Automotive market during the forecast?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their sub-segments
- Competitive Landscape - Leading key players and other prominent key players
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