Denso Wave Incorporated
Harmonic Drive System
Nabtesco Motion Control, Inc.
Kawasaki Heavy Industries (Kawasaki Robotics)
are some of the few crucial players operating in the global Automotive Robotics Industry. These players are focusing on the development of innovative technologies to strengthen their holding in the market. Also, investments in research & development are anticipated to increase over the next couple of years. It is presumed to intensify competition among the domestic and international players of the market. The rising popularity of the technology is supposed to pave the way for new entrants in the Automotive Robotics Industry in the years to come. Some of the growth strategies to be employed by market participants are – strategic alliances, mergers & acquisitions, collaborations, agreements, etc.
In November 2019, Tata Consultancy Services (TCS), an IT major based out of India, has announced its partnership with Qualcomm Technologies, Inc., for the launch of an innovation hub in Hyderabad, India.
In November 2019, a manufacturer of collaborative robots, Doosan Robotics, has announced the opening of its new US headquarters for expansion of distribution in Americas.
By product type, the Automotive Robotics Industry has been segmented into SCARA Robot, articulated robot, and cartesian robot.
By type, the Automotive Robotics Industry has been segmented into hardware, software, and service.
By application, the automotive and robotics market has been segmented into gripping, stamping, welding, painting, assembly, and others.
The geographic study of the global Automotive Robotics Industry included in this MRFR report spans across four major regional segments, namely North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These segments are assessed on a country-level basis to provide an impactful intelligence.
North America is presumed to exhibit an exceptional growth rate owing to the increasing adoption of the technology across industries. The region also houses some of the leading vendors of the technology, which is anticipated to support the proliferation of the Automotive Robotics Industry in the coming years. It has been observed that the regional market has been quick to adopt new technologies. Thus, innovations in robotics are poised to drive the growth of the automotive robotics companies market in the region. Europe has a developed automotive industry, which is anticipated to work in favor of the growth of the regional market. It is also presumed to witness a steep rise in growth curve in the upcoming years.
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