Automotive Robotics Industry Outlook By Executive Summary, Market Dynamics, Market Size And Growth Prospects 2014-2025

The global automotive robotics market is expected to reach USD 13.6 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth. 
Industrial revolutions and initiatives taken by the government regarding automation of manufacturing sectors boost the sales of automotive robots. The governments are providing tax exemptions for R&D and providing tax cut which will reduce the cost of manufacturing and improve the manufacturing opportunities in the countries rather than going for offshore manufacturing.
Articulated robots are expected to grow over the forecast period due to their flexibility and various operations that can be performed by the six axes robots. It can be used for various applications such as welding, material handling, dispensing and material removal applications and the robot has a large work envelope. Articulated robots are growing at a CAGR of 14.4% over the forecast period.
The welding application segment holds the largest share of automotive robotics market in 2016 and is expected to reach over USD 5.0 billion by 2025. Robots are being employed in different aspects of the production line due to their large work envelope. Automotive manufacturers widely used robots for spot welding in vehicles.

Full Research Report On Global Automotive Robotics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-robotics-market

Further key findings from the report suggest:

  • The global automotive robotics market accounted for USD 4.34 billion in 2016 and is expected to grow at a CAGR of 13.9% from 2017 to 2025
  • Articulated robot emerged as the largest segment in 2016 and is estimated to generate revenue over USD 8.50 billion by 2025
  • The welding market for automotive robotics is estimated to reach over USD 5.0 billion by 2025
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of automation in the manufacturing sector. The regional market is expected to grow at a CAGR of 14.9% from 2017 to 2025.
  • Small and medium sized enterprises in Europe are also adopting automation due to the initiatives taken by European union to produce affordable, easy to install and modular robots. This initiative is anticipated to act useful to the SMEs in their manufacturing process and reduce the production time and labor costs. Several manufactures such as ABB and Kuka AG have launched robotic arms and collaborative robots for SMEs.
  • Key players include ABB Robotics, Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd. and others dominated the market, accounting for a majority share of the overall market in 2016
View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the automotive robotics market on the basis of product, application, and region:

Automotive Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Articulated
  • Cartesian
  • Cylindrical
  • Polar/Spherical
  • SCARA
Automotive Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Assembly
  • Dispensing
  • Material Handling
  • Welding
  • Others
Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
View press release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-automotive-robotics-market

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Automotive Lighting Market Surge Valuation Of 34.65 Billion Units By 2022: Grand View Research, Inc.

Image
The  automotive lighting market  is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.  Asia Pacific automotive lighting market, by technology, 2012 - 2022 (USD Million) Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative...
Read more

Headsets Market Size Worth To Reach $20,465.7 Million By 2024

Image
The  headsets market  is estimated to reach approximately USD 20,465.7 million by 2024, according to a new study conducted by Grand View Research, Inc. The rise in the disposable income is remarkably driving the demand for application-specific headsets. The increase in consumer spending for consumer electronic products has significantly spurred the market growth. The growing demand for improved design and style is anticipated to favorably impact the industry growth. In addition to this, increasing popularity and adoption of smartphones, portable music players, laptops, tablets, and other mobile devices are expected to catapult the industry growth prospects. Asia Pacific headset market revenue, by price, 2013 - 2024 (USD Million) Enhanced audio quality acoustics offered by in-ear products is substantially bringing traction in this industry. The advent of innovative technologies such as Bone Conduction, Near-field Magnetic Inductance (NFMI) Technology, and Design Improve...
Read more

Temperature Sensors Market To Cross $6.13 Billion Threshold By 2020

Image
The Global  Temperature Sensors Market  is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance.  Global temperature sensors market by application, 2012 – 2020 Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors etc. Additionally, fusion of communication, computing and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. Need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over th...
Read more