(I-BusinessNews.Com, May 29, 2019 ) Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region – Global Forecast to 2021. The global automotive robotics market, in terms of value, is projected to grow at a CAGR of 10.69% and is estimated to grow from USD 5.13 billion in 2016 to reach USD 8.53 billion by 2021.
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Robotic sensors expected to drive the global automotive robotics market
Robotic Sensors segment is estimated to be the fastest growing segment in the automotive robotics market, by component. The major reason for this, is the additional capabilities that are brought into the automotive robots due to these sensors. These sensor-enabled robots can take smarter decisions related to the manufacturing process, and hence make the process much easier and less time-consuming. Some of the key sensory systems used in automotive robotics are vision perception sensors and force sensing.
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Browse and in-depth TOC on Automotive Robotics Market
86 – Tables
49 – Figures
138 – Pages
The following are the major objectives of the study.
• To define, describe, and forecast the automotive robotics market on the basis of product type, component, application, and region, in terms of volume (thousand/million units) and value (USD million/billion)
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
• To analyze opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To strategically analyze subsegments (product type and component) with respect to individual growth trends, future prospects, and contribution to the total market
Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market.
Target Audience of Automotive Robotics Market
• Manufacturers of automotive robotics
• Integrators of automotive robotics
• Industry associations
• Automotive OEM’s
• Tier 1 and Tier 2 Suppliers
• Private equity firms
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Automotive Robotics Market Key Players
The report analyzes all major players in the automotive robotics market, including ABB (Switzerland), FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy Industries (Japan).
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