Automotive Robotics Market Size, Business Revenue, Future Scope, Market Trends, Key Players and Forecast To 2022
are some of the few crucial players operating in the global Automotive Robotics Market Size. 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.
Industry News
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.
Market Segmentation
By product type, the Automotive Robotics Market Size, has been segmented into SCARA Robot, articulated robot, and cartesian robot.
By type, the Automotive Robotics Market Size, 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.
Regional Analysis
The geographic study of the global Automotive Robotics Market Size, 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 Market Size, 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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