Global Automotive Robotics Market Outlook, Strategies, Future Scope, Key Drivers Forecast To 2022

Global Automotive Robotics Market Synopsis

The Automotive Robotics market is completely dependent on the automobile industry. Thus, the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total volume of four wheeler production, across the globe, in 2015, was almost 90 million units and is expected to witness further boost, and reach more than 100 million units, by the year 2020. Moreover, the increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance.

Global Automotive Robotics Market with 10% CAGR (Compound Annual Growth Rate) between 2016 and 2022.

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 Global Automotive Robotics Market. 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 Global Automotive Robotics Market in the years to come. Some of the growth strategies to be employed by market participants are – strategic alliances, mergers & acquisitions, collaborations, agreements, etc.

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 Global Automotive Robotics Market has been segmented into SCARA Robot, articulated robot, and cartesian robot.

By type, the Global Automotive Robotics Market 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.

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