Automotive Robotics Market Growth Rate in the Coming Years | Industry Report 2021

CITY, Country, 2019-Dec-09 — /EPR Network/ —

The global Automotive Robotics Market is estimated to be USD 5.07 billion in 2016, and is projected to reach USD 8.44 billion by 2021, growing at a CAGR of 10.74% from 2016 to 2021. Asia–Pacific is estimated to lead the market in 2016; articulated robots are key contributors to the automotive robotics market in the region.

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The key strategies adopted by players to gain traction in the global automotive robotics market are partnerships and collaborations. Partnership and collaborations accounted for approximately 41.0% of all the strategies adopted by companies from 2013 to 2016. For instance, in 2016, Comau entered into the partnership with INTRA Automation (Germany), which is a robotics distributor, in Spain. Comau had also signed a global cooperation agreement to develop and market solutions based on modular software and hardware designed to acquire and analyze data pertaining to internet of things.

The automotive robotics market is dominated by global players such as ABB (Switzerland), FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy Industries (Japan).

ABB, headquartered in Switzerland, is a leading automotive-manufacturing company. It was originally founded in 1988. The company’s business operations are divided into various groups such as power products, discrete automation and motion, low voltage products, process automation, and power systems. This company provides industrial robots and robot software, equipment and complete application solutions. Comprehending the commercial potential of robotics in the automotive industry, the company has begun concentrating on developing new products focused on automotive industry. The company has gained the expertise in developing digital technologies that includes digitally connected industrial equipment and systems, with an installation base of more than 70,000 control systems across the world.

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FANUC Corporation has specialized in manufacturing robots for arc wielding, assembly, machining/loading, painting/coating, part transfer, and spot wielding for automotive industry. The company is headquartered in Oshino-mura, Japan and has a global presence in Americas, Europe, and Asia. The company operates in three segments —namely, robomachine, FA, and robots. The increasing importance of robotics industry has been the contributing factor for innovations in its product line and technologies. For example, the company had announced the collaboration with NVIDIA (California, United States) for implementation of artificial intelligence on the FANUC Intelligent Edge Link and Drive.

Critical questions which the report answers

• What are new application areas which the automotive robotics companies are exploring?
• Which are the key players in the market and how intense is the competition?
• What are the upcoming disrupting technologies in the automotive robotics market?

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