Automotive robotics is the study of the robot, used to support the manufacturing process in the automotive industries such as welding, cutting, assembling, dispensing, painting and others. Its usage in the manufacturing process helps reducing the operational cost as it helps to improve quality & operational flexibility, decrease production or manufacturing errors, and also reduce the wastage of raw material.
According to study, “Asia-Pacific Automotive Robotics Market by Subsystem, Robot Type, Application, Production Process, and Country 2015-2026: Trend Forecast and Growth Opportunity” the key companies operating in the Asia-Pacific automotive robotics market are Omron Corporation (Omron Adept Technologies), ABB Ltd., KUKA (Midea Group), Comau S.p.A, Kawasaki Robotics Inc., Denso Corporation, Reis Robotics, Mitsubishi Electric Corp., Fanuc Corp., Rockwell Automation Inc., Staubli International AG, Seiko Epson Corporation (Epson Robotics), Yaskawa Electric Corp. and Universal Robots. These leading companies are immensely focusing on their research activities to develop innovative products and eradicate its technological glitches. Moreover, companies are involved in the strategic partnerships with automobile vendors for providing product software up-gradation & services by maintaining long term relationship.
Based on subsystem, Asia-Pacific automotive robotics market is segregated as software, hardware and service & support. Hardware includes robotic arm, sensors, end effectors, power supply, drive, robot controller unit, motors and others. Hardware segment is expected to witness higher growth rate owing to increase in advancements in hardware components during the forecast period. Based on robot type, market is segregated as Cartesian robots, cylindrical robots, articulated robots, SCARA robots, polar/spherical robots and others. Articulated robots segment holds major share in global market due to its higher degree of freedom that makes them suitable to be used in multiple applications and also provides the manufacturer with a larger work envelope. Based on application, market is segregated as material handling, soldering & welding, painting & dispensing, assembling & disassembling, cutting and others. Material handling segment dominates the global market because of increase in installation in the vehicle manufacturing plants. In addition, based on production process, market is segregated as component manufacturing, vehicle manufacturing and others.
The Asia-Pacific automotive robotics market is driven by growth in vehicle production, followed by rise in need for minimizing collisions in the automotive sector along with huge requirement for enhancing the workplace and rapid modernization as well as renovation of vehicle producing sector. However, sluggish growth in the automotive industry and high penetration of robotics in automotive industry may impact the market. Moreover, low robot density in Chinese automotive industry and increase in productivity optimization are key opportunities for market.
It is estimated that future of the Asia-Pacific automotive robotics market will be optimistic as a result of reduction in labor cost in organizations, rise in the automation of vehicle production coupled with increase in accuracy, safety, and productivity over the forecast period. The Asia-Pacific automotive robotics market is likely to grow by 14.74% annually in terms of the robot hardware revenue and reach US $12.53 billion by 2026, representing the prevalent regional market in the world.
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Asia-Pacific Automotive Robotics Market Research Report
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