July 1, 2020

Automotive Robotics Industry| COVID-19 Impact, Outlook and Future Scope Analysis Forecast To 2022

Automotive Robotics Industry Synopsis

Observing the market structure, this report evaluates the future growth potential of the market and analyzes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures.

Competitive Dashboard

ABB Group

Denso Wave Incorporated

Comau SpA

Dürr AG

Harmonic Drive System

Fanuc Corporation

KUKA AG

Nabtesco Motion Control, Inc.

Kawasaki Heavy Industries (Kawasaki Robotics)

Nachi-Fujikoshi Corp

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.

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 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.

Regional Analysis

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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