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The Automotive Robotics Market to become a breeding ground for investors in coming years.

Published : 24 May, 2018

Robotics is broadly classified as industrial robots and service robots with the industrial robotics sector holding the major share. Since 2010, the demand for industrial robots has accelerated considerably due to the continuing trend toward automation and the continued innovative technical improvements of industrial robots.

The average global robot density is about 74 industrial robots installed per 10,000 employees in the manufacturing industry in 2016. The most automated countries in the world are the Republic of Korea, Singapore, Germany and Japan. The Republic of Korea has by far the highest robot density in the manufacturing industry since 2010. The rate has been increasing due to continued installation of a large volume of robots since 2010 particularly in the electrical/electronics industry and in the automotive industry

The considerable high rate of automation of the automotive industry compared to all other sectors is demonstrated in the evaluation of the number of industrial robots in operation per 10,000 employees in automotive industry and in all other industries. There was a considerable revision of employment data in the automotive industry in the Republic of Korea based on updated information from the Ministry of Employment and Industry. As a result, there was a higher number of installed robots per 10,000 employees in the automotive industry in the Republic of Korea. Huge projects aimed at manufacturing batteries for hybrid and electro cars might be the reason for this high increase in robot density. In 2016, the United States ranked second with 1,261 industrial robots per 10,000 employees in the US automotive industry. It is followed by Japan which had the highest robot density up to 2012 (1,562 robots per 10,000 employees in the automotive industry). The robot density in the automotive industry in China has increased significantly since 2007 but compared to countries like Korea, Germany, and the United States, it is still on a rather moderate level (505 units). The Global Automotive Robotics Market is expected to reach USD XX Billion by 2023 from USD XX Billion in 2017, at a CAGR of XX% from 2018 to 2023. One of the major factors driving the Automotive Robotics market is that different companies are planning to make their manufacturing process smarter and efficient so as to have a significant advantage over the traditional methods.

The market is analyzed across four geographical regions, namely, North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). Asia Pacific holds the highest market about XX% of total market share. Whereas North America is the fastest growing region with the CAGR of XX%.

The Automotive Robotics market is segmented on the basis of By Component, Type, and Application and by region. On the basis of Type, we have considered SCARA, Cartesian, Cylindrical, Articulated and Others. Articulated Robot holds the largest market share in 2017.

Automotive Robotics market by Application covered in this report include Painting Robots, Cutting and Milling Robots, Welding Robots, Material Handling, Palletizing & Packaging and Others. Painting Robots holds the second largest share of about XX% of market in the forecasted period.

For More Details Visit :- https://genesismarketinsights.com/viewreport/169/23/Automotive-Robotics-Market 

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