Published Date: 3-Feb-2021
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According to a new report Global Automotive Robotics Market, published by KBV research, The Global Automotive Robotics Market size is expected to reach $12.9 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period.
Massive acceptance rate of SCARA robots is anticipated due to handling and high-speed assembly operations. Reduced barriers and high output will drive the adoption of SCARA robots. Micro-manufacturing automation is a leading factor that contributes to the demand of parallel robot segment. Technological advancements in these products have created positive outlook for various end-users.
Based on the component, the robotic sensors segment garnered the highest revenue size of the automotive robotic market. This growth can be ascribed to the additional capabilities that brought into the automotive robots due to these sensors. These sensors-inbuilt robots are capable to make intelligent decisions with respect to the manufacturing process, and hence creating the process much easier and less time-consuming. A few of the primary sensory systems used in automotive robotics are force sensing and visions perception sensors.
The Asia Pacific market dominated the Global Automotive Robotics Market by Region in 2019. The Europe market is showcasing a CAGR of 11.6% during (2020 - 2026). Additionally, The North America market is poised to grow at a CAGR of 12.1% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Denso Corporation (Denso Wave, Incorporated), Rockwell Automation, Inc., Seiko Epson Corporation, Kawasaki Heavy Industries, Ltd., Fiat Chrysler Automobiles N.V. (Comau S.P.A) and Nachi-Fujikoshi Corporation.
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