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Market Growth of Automotive Robotics to Remain Sluggish through 2025
Growth in per capita income is rising the demand of automobile all over the globe, and today automotive industry became one of the demanding industry globally.
Robotics is the interdisciplinary division of science and engineering that contain mechanical, electrical, computer science, and other engineering streams. Robotics accomplishes the designing, construction, operation, as well as utilization of robot. Also, these technology advancements are utilized to create machines that can substitute people. These robots are used in varied applications which are broadly segmented as commercial and household robots; the commercial robot adheres robots used in various industries including automotive, medical, agriculture, military and much more.
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Mostly and abundantly application of robotics is in the automotive industry. Among all type of automotive robotics products, articulated robots hold primary share in automotive robotics market worldwide whereas robotic controller component is emerging as a promising component that triggers the market of automotive robotics in the near future.
Automotive Robotics Market: Market Dynamics and Restraints
Growth in per capita income is rising the demand of automobile all over the globe, and today automotive industry became one of the demanding industry globally. The key players in this industry are well-known companies who has shown their presence in all the regions, hence growth in the automotive sector is directly driving the market of automotive robotics. The significant drivers that trigger the demand for robots in the automotive industry are persistence in high investment in production capacity of new or advanced automotive product line in evolving market, modernization in the key automobile producing regions such as US, Russia, Germany, India, China, Japan and many more., emerging need for saving product launch time, evolving need of alternative source for unskilled labor or eliminating issue of rising labor costs, and high demand for precision and quality control, among others.
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Automotive Robotics Market: Key players
Some of the key players of global automotive robotics market include Yaskawa Electric Corporation, ABB Group, Yamaha Robotics, Comau SpA, Universal Robots, Denso Wave Incorporated, Stäubli, Dürr AG, Siasun Robot & Automation Co., Ltd., Fanuc Corporation, Rockwell Automation, Inc., Harmonic Drive System, Nachi-Fujikoshi Corp., Reis Gmbh & Co. Kg Maschinenfabrik, KUKA AG, and Panasonic Welding Systems Co. Ltd., among other major players in the market. Other players in the market of automotive robotics are Kawasaki Heavy Industries (Kawasaki Robotics), Omron Corporation (Adept Technology, Inc.), and Nabtesco Motion Control, Inc.
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