Automotive robots are deployed for handling and performing various tasks such as material handling, welding, etc.
A major factor driving growth of the global automotive robotics market is increasing production of vehicles. A major factor hampering growth of the global automotive robotics market is high cost of automotive robotics systems and lack of skilled labor.
The global market is segmented on the basis of product type, component, application, and region. On the basis of product type, the global market is segmented into articulated robots, cartesian robots, cylindrical robots, polar/spherical robots, and SCARA robots. The articulated robots segment is expected to witness highest growth during the forecast period.
On the basis of component, the global market is segmented into controller, robotics arm, end effector, drive, and sensor. The robotic controller segment accounts for highest revenue share in the global market.
On the basis of application, the global market is segmented into material handling, assembly/disassembly, welding, painting, and cutting. The material handling segment is expected to witness significant growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Europe market is expected to witness significant growth in terms of revenue in the global market over the forecast period, owing to presence of major automotive manufacturers in countries in this region.
Key players in the global market are Kuka AG, ABB Ltd., FANUC America Corporation, YASKAWA Europe GmbH, Kawasaki Heavy Industries, Ltd., DENSO WAVE INCORPORATED, Comau SpA, NACHI-FUJIKOSHI CORP., Rockwell Automation, Inc., and Seiko Epson Corporation.