The Global Automotive Robotics Market was worth US$ 9.1 billion in 2022 and is anticipated to reach a valuation of US$ 17.49 billion by 2028 and is predicted to register a CAGR of 11.67% during 2023-2028.

Market Overview:

Automation refers to using machines to perform tasks previously undertaken by humans, which reduces the error rate and enhances the management of repeatable tasks.” For years, robots have played an increasing role in automobile manufacturing. Robotics is the operation of machines and engineering that can semi-autonomously perform tasks on behalf of a human or autonomously. The robots perform tasks that are very dangerous to humans. The cobots are wanted by manufacturers to perform their different tasks. Today, one cobot arm from Universal Robots can perform all of these tasks simply by fitting the right end-effector from the UR+ platform. The cobots are very important for many car factories and also assembly. Robotics is a branch of engineering and computer science that involves developing, designing, manufacturing, and operating robots. The robotic creates very intelligent machines to assist humans in many different ways. Robotic automation helps car manufacturers manage the wholesale changes to long-established manufacturing methods and technologies. The robots can work in the environment and have many different ways of flexibility and also eliminates dangerous job for humans in different environments. They can handle lifting heavy loads, toxic substances, and repetitive tasks. Robots can offer increased productivity, efficiency, quality, and consistency. Robots can't get bored with their job. Robots can be more accurate than humans, that's why robots are used in the manufacturing of microelectronics.

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Market Drivers:

The main factor that has considerably raised vehicle production is driving the automotive robotics market growth. The increasing cost competitiveness drives the market growth. The growing demand for wage inflation drives market growth. The rise in automation in the automotive 9ndustry and the increase in accuracy, safety, and productivity is the major factor driving the market growth. The increasing power of the microprocessor and artificial intelligence techniques and rising robots have dramatically increased their potential and have flexible automation tools to drive market growth.

Market Restraints:

The high penetration in the automotive industry and the perception of automation pushes unemployment is the major factor restraining market growth. The reduction in labor costs in organizations is hampering market growth.

Market Segmentation:

Automotive Robotics Market - By Product Type:

Articulated Robots
Cartesian Robots
Cylindrical Robots
SCARA Robots
Others
Based on the product type: The articulated robots segment was recorded as the largest market share in the automotive robotics market in 2023 and it is anticipated to grow significantly during the forecast period.

Automotive Robotics Market - By Type:

Hardware
Software
Service
Based on the type: The Software and Service held the largest share of the automotive robotics market in 2023 and it is anticipated to grow significantly during the forecast period.

Automotive Robotics Market - By Component:

Controller
Robotics Arm
End Effector
Drive
Sensor
Based on the component: The Robotics Arm held the largest share of the automotive robotics market in 2023 and it is anticipated to grow significantly during the forecast period. Automotive Robotics Market - By Application:

Primary Manufacturing Process Robots

Welding
Painting
Cutting
Secondary Manufacturing Process Robots

Material Handling, Palletizing Robots
Assembly/Disassembly
Based on the application: The Handling segment held the largest share of the automotive robotics market in 2023 and it is anticipated to grow significantly during the forecast period.

Market Regional Analysis:

The Asia Pacific is the largest growing region in the automotive robotics market and is expected to grow significantly during the forecast period. Asia Pacific has a high availability in countries such as China, India, Indonesia, Malaysia, Australia, and the Rest of Asia Pacific The reason for this dominance of the region is the growth and popularity automotive robotics market and the rising technology is increasingly being adopted and this is likely to create growth in the region’s market. China is the largest market supporting the growth of the automotive robotics market. There has been rapid growth in the automotive robotics market in the region leading to global market growth.

North America is expected to drive the automotive robotics market.

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Market Recent Developments:

The CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots, the most recent additions to FANUC Corporation’s well-liked CRX series, which also includes the CRX-10iA and CRX-10iA/L collaborative robots, were unveiled in 2022.
ABB introduced its next generation with the introduction of the new GoFa and SWIFTI robots. robots for new industries in 2021
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