Automotive Robotics Market Size (USD 20.71 Bn) by 2032

Overview

The automotive robotics market was valued at USD 8.87 billion in 2022 and is anticipated to reach USD 20.71 billion by 2032, at a CAGR of 8.36% during the forecast period.

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The COVID-19 pandemic has had a negative impact on economic growth, as major companies halted production following government shutdowns around the world in the first half of 2020. However, post-pandemic demand is starting to gain momentum after the government acted generously and generously. Policies were implemented to rebuild the market and meet demand, buying a new car.

Automotive robots are designed to support the production of vehicles in the automotive industry. The best development of electric cars is generally done through the use of robots to meet the needs of customers in this market. The automotive industry has been using industrial robots in the production process for years.

A large part of the car robot is a talking robot, and the source of speaking work is the most used in the automobile industry. Robotic systems in the automotive industry are cost-effective, efficient and safe as they can complete tasks faster than their competitors.

Some companies focus mainly on reducing costs, saving time, creating good products and increasing productivity. In the automation industry, producing at the lowest cost drives the market. In order to improve internal processes in production facilities, robots are used to reduce the workload of employees and increase work efficiency by creating cooperation with workers. Companies such as Ford Motor Company and BMW AG. etc. It is used to introduce technology to factories. Additionally, rapid technological advances such as transportation and integration of Internet of Things (IoT), cloud solutions and artificial intelligence tools (AIV) for safe transportation from one place to another are encouraging business development.

North America is expected to grow significantly during the forecast period, followed by Europe and Asia-Pacific. Factors such as strong partnerships between major players, growth in vehicle production due to increased spending in emerging markets, and increased investments in research and development (R&D) activities to introduce the power of electric vehicle robots create a positive outlook for the industry.

Automotive Robotics Market Trends

Technological Development Triggers Economic Growth

With the rapid increase in the technological capabilities of microprocessors and artificial intelligence, the capabilities of robots as a means of changing exchange rates have also increased. A new wave of robotics is emerging in applications that require greater intelligence. Robotics is integrated with various technologies such as machine vision, force (touch), speech recognition and advanced machines.

The automotive industry has developed rapidly in the automation sector and has become an example for the automotive industry. Influencing other industries by demonstrating how automation can be used to expand value chains and enable zero-defect production. The automotive industry is one of the first sectors to adopt robots in applications such as welding, painting and delivery. However, there are many robot applications to choose from in the industry.

For example:

• One of the innovations the automotive industry is seeing are Autonomous Intelligent Vehicles (AIV) or mobile robots for transportation and intermediate goods. Robots are also becoming an important part of end-to-end traceability automation solutions.
• Another recent trend is collaborative robots; These robots are humans' companions on the assembly line. Such a robot has two hands that can work with humans to get the most out of humans and robots. These types of robots are highly portable and can be placed in workplaces where people are sitting next to them while they work.
• Articulated robots have rotating joints. Swivel joints can range from simple two joints to complex ten or more joints. Articulated robots are the most commonly used type of robot in the automotive industry. Flexibility allows for easy process changes; Therefore, small and medium-sized companies are adopting communication robots, thereby increasing the worldwide demand.

Currently, the automotive industry has shifted its focus to new technologies such as connected robots and controllers, higher communication, less cracks and welding speed.

Asia-Pacific Region Expected to Lead the Automotive Robotics Market

Asia-Pacific is expected to lead the automotive robotics market in efficiency and reduce human error. Various industries such as automotive, medical, defense and aerospace are adopting robots to perform processes and manage resources efficiently. Due to the control of the automotive industry and low production costs, robots are mostly used in the Asia-Pacific region. The rapid growth of small and medium enterprises in Asia Pacific has witnessed significant growth in the robotics market during the forecast period.

The Asia-Pacific region is the largest region in the world, including countries and regions such as India, China, Taiwan and South Korea, which are increasingly becoming regional leaders. Major suppliers such as ABB and KUKA use the region as a base for their operations. Additionally, government policies and financial support projects to improve infrastructure. These characteristics make Asia Pacific the preferred location for vehicle manufacturing, which will lead to the robotics industry.

Countries such as China and India are important countries in the development of the Asia-Pacific region. Many industries such as automobiles, electronics and aviation have opened factories in these countries, creating demand for the robot industry and making the Asia-Pacific region a new region.

Regional elites embrace robotics and other technologies for their future vehicles. For example, in January 2021, Byton signed a manufacturing contract with Foxconn. Foxconn will provide Byton with advanced production equipment, operational management and supply chain. The two companies will collaborate on various stages of Byton's M-Byte electric SUV production line to introduce the SUV to the Chinese market in 2022.

Automotive Robotics Industry Overview

The automotive front-end module market is primarily characterized by mid-range competition, with prominent players including ABB, Adept, Epson Robotics, Fanuc, Honda, Intuitive Surgical, iRobot, Kawasaki, KUKA, Yaskawa Electric, and others. These major companies are actively pursuing expansion, production enhancements, collaborations, and other strategic initiatives in search of growth opportunities.

Several advantages are associated with these endeavors, exemplified by recent developments

• In February 2021, ABB announced the introduction of its next generation of collaborative robots, targeting new application areas. ABB expanded its robotics portfolio by launching the new GoFa™ and SWIFTI™ collaborative robots, featuring increased payload capacity and speed.
• In April 2020, KUKA AG and BMW AG entered into an agreement for the supply of approximately 5,000 robots to support new projects, production lines, and factories. The various robot models from KUKA AG will primarily be deployed in white body production and other technological applications.

Automotive Robotics Market Leaders

• ABB Ltd.
• Omron Adept Robotics
• FANUC
• Honda Motor Co. Ltd
• Kawasaki Robotics
• KUKA Robotics
• Yaskawa Electric
• Harmonic Drive System
• RobCo S.W.A.T Ltd
• Nachi-Fujikoshi Corp.

Automotive Robotics Market News

• In May 2022, ABB Robotics launched the world's first robotic car sprayer. Color head technology provides unprecedented accuracy and flexibility, providing a more efficient and effective method of coloring while reducing complexity.
• April 2022, ABB Robotics announced a market-leading software solution designed to increase speed and precision in electrical equipment.
• March 2022, FANUC announced the new CRX-5iA, CRX-20iA/L and CRX- presents. The 25iA collaborative robots are the latest addition to the popular CRX series, which includes the CRX-10iA and CRX-10iA/. L collaborative robot.
• In March 2022, FANUC announced the new CRX-5iA, CRX-20iA/L and CRX-25iA collaborative robots, the evolution of the popular CRX series, which includes the CRX-10iA and the CRX Newest member. -10iA/L collaborative robot.

Automotive Robotics Industry Segmentation

Automotive robots are used by automotive companies for various tasks. The automotive robotics market is segmented by end-user type, component type, product type, function type, and geography.

Market Segmentation

By End-user Type

• Vehicle Manufacturers
• Automotive Component Manufacturers

By Component Type

• Controller
• Robotic Arm
• End Effector
• Drive and Sensors

By Product Type

• Cartesian Robots
• SCARA Robots
• Articulated Robot
• Other Product Types

By Function Type

• Welding Robot
• Painting Robot
• Assembling and Disassembling Robot
• Cutting and Milling Robot

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Rest of Middle-East and Africa