Automotive Robotics Market Projected Growth from USD 6.41 Billion in 2023 to USD 17.92 Billion by 2030 | a CAGR of 12.2%

According to a research report published by Exactitude Consultancy, Companies covered: ABB Ltd, Yaskawa Electric Corporation, Kawasaki Heavy Industries, KUKA AG

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 26, 2024 /EINPresswire.com/ -- Automotive robotics refers to the use of robotic technology in the development, production, and installation of automobiles. It includes a broad spectrum of robots that execute diverse jobs with exceptional accuracy, velocity, and efficacy. By automating repetitive operations and carrying them out precisely and dependably, automotive robots seek to optimize manufacturing processes, increase productivity, improve product quality, and guarantee worker safety. Wide-ranging robotic applications and technology designed to satisfy the unique demands and specifications of automakers are included in the automotive robotics market. By automating labor-intensive, repetitive processes that are typically done by human workers, these robotics systems are intended to improve efficiency, productivity, quality, and safety in automotive manufacturing plants.

𝐓𝐡𝐞 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐫𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟏𝟐.𝟐% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟏𝟕.𝟗𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟔.𝟒𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

Automobile body panels, engines, gearboxes, interiors, and electronics are just a few of the parts that robots are utilised to assemble. They have excellent accuracy and consistency when doing jobs like installing parts, tightening nuts, and fitting components. Robots that are programmed to paint vehicles automatically apply layers of primer, base coat, and clear finish with accuracy and consistency. Throughout the production process, robots manage materials and components. They load and unload parts, move components between workstations, and keep track of inventory at warehouses and logistics hubs. More complex automation solutions in the automotive manufacturing industry are made possible by developments in robots, AI, and machine learning. Robots with sophisticated sensors and self-adjusting control systems are more capable of handling complicated jobs independently and efficiently.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://exactitudeconsultancy.com/reports/13165/automotive-robotics-market/#request-a-sample

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐤𝐞𝐲 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝:

ABB Ltd., Yaskawa Electric Corporation, Kawasaki Heavy Industries, KUKA AG, Denso Wave Incorporated, Comau SPA, Nachi-Fujikoshi Corp., FANUC Corporation, Rockwell Automation, Inc., Seiko Epson Corporation (Nagano, Japan), Dürr AG, Harmonic Drive System, Nabtesco Motion Control, Inc., and Others.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In August 2023, KUKA AG announced that the company plans to introduce two systems for robotics education. The industrial automation provider also plans to show metalworking technologies with partners, as well as additive manufacturing offerings. FABTECH is North America's largest metal forming, fabrication, welding, and finishing event, according to organizer SME. KUKA will feature product demonstrations at Booth B27051 at McCormick Place in Chicago from Sept. 11 to 14.

In December 2023, ABB signed a contract with Volvo Cars to supply 1,300 industrial robots to help build its next generation of electric vehicles. Volvo will use ABB’s new IRB 6710, 6720, and 6730 industrial robots for a variety of tasks, including spot welding, riveting, dispensing flow drilling, and more.

In September 2023, ABB announced that the company will feature next-generation robotic technologies that enable businesses to adapt production to variable market efficiency demands at Automate 2023, May 22-25, at the Huntington Place Convention Center in Detroit, Michigan (Booth #5623).  The company is to deliver the benefits of the automation industry’s most exhaustive and integrated portfolio of industrial and cooperative robots, Autonomous Mobile Robots (AMRs), and machine automation solutions to companies of all levels of technical complexity.

In May 2023, ABB Robotics announced that it would display next-generation robotics intended to enable manufacturers to adapt production to variable market demands at Automate 2023 efficiently. The company will display at Booth 5623 in the Huntington Place Convention Center in Detroit from May 22 to 25.

In March 2023, ABB announced that the company would expand its Robotics factory in the US. An investment of USD 20 million will increase production at its existing Auburn Hills facility and strengthen ABB’s US leadership. A newly expanded, highly automated facility will create new jobs in the state of Michigan. Expansion featuring the latest in automated and advanced manufacturing processes to open November 2023.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐆𝐚𝐢𝐧𝐬 𝐖𝐢𝐥𝐥 𝐃𝐫𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭

Robots in auto factories help to reduce part-to-part variability. They never become weary or distracted, so they can repeat each cycle exactly the same manner every time. They don't drop or handle things in a way that could damage them. As a result, waste brought on by human error is removed, which also reduces variability in car assembly. Automotive robots can even modify preprogrammed pathways to accommodate differences in arriving materials because they are outfitted with vision systems. This reduces warranty costs, increases customer happiness, and results in fewer errors. Therefore, improvements in the quality of automobile manufacturing will propel market expansion.

𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐖𝐢𝐥𝐥 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Many of the occupations in the car manufacturing industry are dangerous. For example, pouring molten metal presents a clear risk in a foundry. Musculoskeletal diseases brought on by repetitive motions, lifting, and twisting can also arise from certain jobs. Robots can assist in lowering these dangers. Robots protect workers from noise, weld flash, and odors from stamping, welding, and painting presses while vehicles are being assembled. Because automotive robots reduce worker exposure to hazardous settings and dirty tasks, they significantly lower the number of injury claims and accidents. Thus, the expansion of the automotive robots market will be driven by these factors.

𝐇𝐢𝐠𝐡 𝐂𝐨𝐬𝐭 𝐨𝐟 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧 𝐆𝐫𝐨𝐰𝐭𝐡

Many of the occupations in the car manufacturing industry are dangerous. For example, pouring molten metal presents a clear risk in a foundry. Musculoskeletal diseases brought on by repetitive motions, lifting, and twisting can also arise from certain jobs. Robots can assist in lowering these dangers. Robots protect workers from noise, weld flash, and odors from stamping, welding, and painting presses while vehicles are being assembled. Because automotive robots reduce worker exposure to hazardous settings and dirty tasks, it significantly lowers the number of injury claims and accidents. Thus, the expansion of the automotive robots market will be driven by these factors.

Many businesses said that the high cost of integration prevented them from implementing more. SMEs with smaller production lots find it too expensive to incorporate new robotic technologies, while large enterprises may find it difficult to combine these technologies with infrastructure that is 15 to 20 years old. Thus, these elements will limit the market's expansion.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://exactitudeconsultancy.com/reports/13165/automotive-robotics-market/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

North America is a significant player in the automotive robotics market, driven by the presence of established automotive manufacturers and advanced technological infrastructure. The region's emphasis on automation and robotics to lower production costs and increase manufacturing efficiency propels market expansion. Due to sustained investments in automation technologies, the United States is the largest contributor.

Europe holds a substantial share in the automotive robotics market due to its strong automotive industry, particularly in countries like Germany, France, and Italy. The area places a strong emphasis on innovation and the implementation of Industry 4.0 techniques, such as the use of robotics in manufacturing to improve accuracy, productivity, and quality. Initiatives from the government that promote smart manufacturing are also very important.

Asia-Pacific is the fastest-growing region in the automotive robotics market, with China, Japan, and South Korea being the key contributors. Market expansion is fuelled by the region's large-scale automobile production, fast industrialization, and rising investments in automation technology. Growth is further accelerated by the existence of significant auto and electronics industries, which are progressively utilising robotics to improve production efficiency.

The automotive robotics market in Latin America is growing, with countries like Brazil and Mexico being key contributors. The market growth is fueled by the increasing adoption of robotics in automotive manufacturing to boost production capabilities and reduce costs. Although the market is still emerging, the focus on modernization and industrial automation presents expansion opportunities.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Articulated Segment to Hold Largest Share Owing to Ease of Operation

𝐁𝐲 𝐭𝐲𝐩𝐞, the market is segmented into articulated, cartesian, cylindrical, SCARA, and others.

The articulated segment held the largest share of the market. Articulated robots are highly versatile and can be used across various applications such as dispensing, loading & unloading, packaging, and welding. Hence, these factors will fuel the growth of the segment during the forecast period.

The SCARA segment is expected to show substantial growth in the market. Factors such as high flexibility due to a broad movement range, more accurate control, and smaller footprint are attributed to the increasing adoption of SCARA robots.

The Cartesian segment is expected to show steady growth in the market owing to its capacity to operate heavy payloads and reduce cycle times with highly repeatable and fast movements.

The Cylindrical segment is also expected to show good growth in the market due to their ease of use, low space requirements compared to Cartesian robots, and high usage in assembly operations.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Welding Segment Dominated in 2023 Propelled by Substantial Efficiency Gains in Production

𝐁𝐲 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, the market is segmented into welding, painting, material handling, assembly/disassembly, and others.

The welding segment held the largest share of the market in 2022. Factors such as enhancing safety and efficiency on the production line and improving the speed of multi-material vehicle production are attributed to the increasing adoption of welding robots.

The material handling segment is expected to show significant growth in the market. Material handling includes several functions such as loading and unloading, packing, and palletizing. When material handling tasks are delegated to robots, a number of human errors are eliminated. These faults include order packing mistakes, conveyor halt brought on by reduced pick speeds, and extended idle times. Thus, these elements will support this segment's expansion.

In addition, the painting industry is anticipated to increase steadily as a result of ongoing technical advancements that have made painting products lighter, faster, and easier to integrate.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Automotive Robotics Market By Product Type, 2022-2029, (Usd Billion), (Thousand Units)

Articulated Robots
Cartesian Robots
Cylindrical Robots
Scara Robots
Others

Automotive Robotics Market By Component 2022-2029, (Usd Billion), (Thousand Units)

Controller
Robotics Arm
End Effector
Drive
Sensor

Automotive Robotics Market By Application, 2022-2029, (Usd Billion), (Thousand Units)

Primary Manufacturing Process Robots
Welding
Painting
Cutting
Secondary Manufacturing Process Robots
Material Handling, Palletizing & Packaging
Assembly/Disassembly

Automotive Robotics Market By Region, 2022-2029, (Usd Billion), (Thousand Units)

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

𝐓𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐠𝐢𝐯𝐞𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠:

What guidelines are followed by key performers to contest this Covid-19 condition?
What are the important matters drivers, opportunities, challenges, and dangers of the market?
will face surviving?
Which are the essential market players in the Automotive Robotics industry?
What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2024-2030)?
What could be the anticipated value of the Automotive Robotics marketplace during the forecast period?

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐅𝐢𝐧𝐝𝐢𝐧𝐠 - https://bulletin.exactitudeconsultancy.com/ 

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐋𝐞𝐚𝐟 𝐒𝐩𝐫𝐢𝐧𝐠 𝐒𝐮𝐬𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The Automotive Leaf Spring Suspension Market is expected to grow at 5.18% CAGR from 2024 to 2030. It is expected to reach above USD 11.59 billion by 2030 from USD 7.36 billion in 2023.

https://exactitudeconsultancy.com/reports/14178/automotive-leaf-spring-suspension-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐎𝐧-𝐛𝐨𝐚𝐫𝐝 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global automotive on-board diagnostics market size is expected to reach USD 42,297.48 million by 2030, at a CAGR of 18.3% during the forecast period.

https://exactitudeconsultancy.com/reports/14202/automotive-on-board-diagnostics-market/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐬𝐞𝐥𝐟-𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐜𝐡𝐢𝐩 𝐬𝐚𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The automotive self-driving chip sales market is expected to grow at 38.1% CAGR from 2024 to 2030. It is expected to reach above USD 29.78 Billion by 2030 from USD 1.64 Billion in 2023.

https://exactitudeconsultancy.com/reports/14273/automotive-self-driving-chip-sales-market/

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐚𝐫𝐭𝐬 𝐌𝐚𝐠𝐧𝐞𝐬𝐢𝐮𝐦 𝐃𝐢𝐞 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The automotive parts magnesium die casting market is expected to grow at 7.5% CAGR from 2024 to 2030. It is expected to reach above USD 21.76 billion by 2030 from USD 11.18 billion in 2023.

https://exactitudeconsultancy.com/reports/14299/automotive-parts-magnesium-die-casting-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐀𝐜𝐭𝐮𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The global Electric Vehicle Actuator Market is expected to grow at 19.35% CAGR from 2024 to 2030. It is expected to reach above USD 153.85 billion by 2030 from USD 44.60 billion in 2023.

https://exactitudeconsultancy.com/reports/14088/electric-vehicle-actuator-market/

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜 𝐃𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭 𝐒𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐚𝐝𝐜𝐚𝐬𝐭 (𝐀𝐃𝐒-𝐁) 𝐌𝐚𝐫𝐤𝐞𝐭

The automatic dependent surveillance broadcast (ADS-B) market is expected to grow at 19.27% CAGR from 2024 to 2030. It is expected to reach above USD 3.54 billion by 2030 from USD 0.72 billion in 2023.

https://exactitudeconsultancy.com/reports/17854/automatic-dependent-surveillance-broadcast-market

𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The global autonomous aircraft market is expected to grow at 19.8% CAGR from 2024 to 2030. It is expected to reach above USD 23.50 billion by 2030 from USD 6.29 billion in 2023.

https://exactitudeconsultancy.com/reports/17899/autonomous-aircraft-market/

𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The global autonomous navigation market was valued at 4.01 billion and is projected to reach 11.46 billion by 2030, growing at a CAGR of 16.19% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/17929/autonomous-navigation-market

𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝟓𝐆 𝐌𝐚𝐫𝐤𝐞𝐭

The global aviation 5G market size was valued at USD 0.51 billion in 2023, and projected to reach USD 10.97 billion by 2030, with a CAGR of 47.34% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/17953/aviation-5g-market/

𝐒𝐦𝐚𝐥𝐥 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global small satellite services market is expected to grow at 15.30 % CAGR from 2024 to 2030. It is expected to reach above USD 15.67 Billion by 2030 from USD 4.35 Billion in 2023.

https://exactitudeconsultancy.com/reports/19719/small-satellite-services-market/

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

𝐄𝐱𝐚𝐜𝐭𝐢𝐭𝐮𝐝𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 is a Market research & consulting services firm that helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or an accustom requirement, our team is here to help you in the best possible way.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

sales@exactitudeconsultancy.com

https://bulletin.exactitudeconsultancy.com/

Irfan T
Exactitude Consultancy
+1 704-266-3234
email us here
Visit us on social media:
X
LinkedIn