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Automotive Robotics Market Size
Automotive Robotics Market size crossed USD 4 billion in 2016 and is poised to register growth of over 3.8% between 2017 and 2024. The global industry demand will surpass 210 thousand units by 2024.
Manufacturers are adopting the technology for several reasons such as capacity, safety, and quality. It helps in minimizing the waste caused by human errors leading to the lesser variability in vehicle assembly. Auto makers are striving to maintain consistent time and control processes in each stage of the assembly line.
Vehicle manufacturing process comprises of insidious tasks which lead to musculoskeletal disorders resulting from twisting, lifting, and repetitive movements. This prevent human risks by keeping laborers away from the exposure to welding and paint fumes which will augment the global automotive robotics market share.
High installation cost will hamper the overall market revenue. Uncertainty related to stored data from the product will restrict the industry as information contained in databases can lead to unlawful access or misuse. Moreover, rising unemployment due to automation will act as a restraint to the industry size.
| Report Attributes | Details |
|---|---|
| Base Year: | 2016 |
| Market Size in 2016: | 4 Billion (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 3.8% |
| 2024 Value Projection: | 5.96 Billion (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 400 |
| Tables, Charts & Figures: | 468 |
| Segments covered: | Product, Component, Application and Region |
| Growth Drivers: |
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Automotive Robotics Market Analysis
Articulated robots will account for over 35% automotive robotics market revenue share by 2024 driven by its increase usage in material handling, welding, material removal and dispensing. They have usually four to six axes but with advanced technologies and development it may have up to ten axes, making them more versatile. This in turn, enhances company’s productivity via improved accuracy and speed. These products are shrinking in terms of prices owing to its longer life shelf.
High adoption rate of SCARA robots is expected due to handling and high-speed assembly operations. Increased output and reduced bottlenecks will result in acceptation of SCARA robots.
Micro-manufacturing automation is a key contributing factor driving the parallel robot segment demand. Innovations in these products have opened growth prospects for multiple end-user.
Software & services segment is expected to dominate over 27% market share by 2024. Developments such as cloud-based platform, will propel the industry share. Some of the key market players provide an open software platform for enabling the advanced analytics and learning capabilities, CNCs, sensors, and peripheral devices used in the systems.
Software loaded into the computing hardware enables data access from PLC, machine tool device, and apply analytics in real time to take immediate action. Proper running of software eliminates risk of production downtime. These advancements will spur the automotive robotics market demand.
Increasing advancements in hardware components, such as controllers, arms, end effectors, drives, and sensors, will drive the hardware segment growth. Global automotive robotics hardware components generated USD 3 billion revenue in 2016. Increasing adoption of small-sized controllers by various OEMs is an emerging trend, which is gaining prominence in the market.
Controller is a commonly used hardware in the manufacturing process owing to its regular functionalities and technological advancements in the industry. It accounted for more than 25% of the overall hardware segment share in 2015. High adoption rate of the arms is observed in several jobs that are more repetitive and causes fatigue to human labors. Light weight model, easy deployment, and compact structures will augment the automotive robotics market growth.
Handling operations application segment is anticipated to showcase a significant growth at over 5.5% through 2024 impelled by its increasing installation in the vehicle manufacturing plants. Advancements in software, vision, and gripper technology will facilitate handling operations. The product is required to lift heavy materials in bulk quantities and transfer partially assembled vehicles from one assembly line to another for its further processing.
The robotic assembly segment accounted for more than 15% market share in 2016. Increased powertrain and body-in-white assembly application has further enhanced the scope of automotive robotics market. Moreover, almost 90% of automated operations are done by the machine in final assembly.
China automotive robotics market has increased drastically in past two to three years on account of increasing Automobile-4.0-Robotics program covering hydronics, packaging machinery, welding, process equipment, SPS IPC drives, and fluid power.
North America automotive robotics industry revenue was over USD 1 billion in 2016 due to automation, modernization, and robotization as the primary investments for OEMs. Competitive advantage and reduced per hour cost as compared to human results will augment the regional market growth.
Europe market, led by Germany and Italy, is estimated to expand at 3.5% from 2017 to 2024 owing to wide presence of strong automobile industry foothold in the region. In addition, retrieval from economic recession in Germany, Belgium, Netherlands, Austria, Spain and Finland will fuel the European automobile industry, further propelling the market growth.
Automotive Robotics Market Share
The key participants in the automotive robotics market are
- KUKA
- ABB
- FANUC
- Rockwell
- Kawasaki Heavy Industries
- Yaskawa
Other industry participants are
- Comau
- Denso Wave
- Omron Corporation
- Universal Robotsz
The industry is characterized by the presence of a few international and several local players competing to increase the market share.
Few SME are underpenetrated as they don’t observe any value in installing the products unless they get repeat orders and volume business. Moreover, they lack skilled resources and capital for the product operation. They can be persuaded to install the product through cost saving demonstrations in near future.
Major players such as KUKA, FANUC are immensely concentrating on their research activities to develop innovative products and eliminate its technological glitches. Moreover, the players are involved in strategic partnerships with the automobile vendors to provide product software upgradation and services by maintaining long term relationship.
The automotive robotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2013 to 2024, for the following segments:
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By Product
- Articulated
- Cartesian
- SCARA
- Parallel
- Cylindrical
By Component
- Hardware
- Controllers
- Robotics arm
- End effector
- Automotive robotic drive
- Automotive robotic sensor
- Software & services
By Application
- Welding
- Handling operations
- Robotic processing
- Robotic assembly
- Paint & dispense
- Others
The above information has been provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Denmark
- France
- Italy
- UK
- Spain
- Belgium
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Singapore
- Australia
- Latin America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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