Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotic Market

1. Rising Vehicle Production & Wage Inflation is Expected to Drive the Global Automotive Robotics Market The report "Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region - Global Forecast to 2021", The automotive robotics market is estimated to be USD 5.07 Billion in 2016, and is projected to grow to USD 8.44 Billion by 2021, at a CAGR of 10.74%. Browse 86 market data tables and 49 figures spread through 138 pages and in-depth TOC on “Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region - Global Forecast to 2021” https://www.marketsandmarkets.com/Market-Reports/automotive-robotic-market-262848440.html Early buyers will receive 10% customization on reports. Automotive robotics is still in a growing phase. Additionally, increasing industrial plans such as Industry 4.0 of Germany and Made in China 2025 (MiC2025) of China would trigger growth in the automotive robotics market. Furthermore, increased focus on automation, to mitigate the risk arising from increasing labor costs, can provide a strong impetus to the demand for automotive robotics market. Articulated Robots to hold the largest share in the automotive robotics market, by type The articulated robot segment is estimated to account for the largest share in the automotive robotics market. The articulated robot is more widely present in the market as compared to Cartesian, cylindrical, SCARA (Selective Compliance Assembly Robot Arm/ Selective Compliance Articulated Robot Arm) robots due to its higher degree of freedom that provides a manufacturer a larger work envelope and can be used for multiple applications. Robotics Controller: A promising market due to growing global demand for automotive robotics Development in advanced technologies and consistent growth in demand for automated solutions is a contributing factor for growth in the robotics controller market. In terms of region, Asia-Pacific market is projected to have the largest market share in automotive robotics controller market by 2021. The region is projected to be primarily driven by increasing demand for sophisticated motion control technology. Furthermore, in developed countries such as the US and Europe, the focus on further enhancing cost competitiveness amongst all major automotive OEM’s is expected to result in growing demand for advanced controllers in the automotive industry. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=262848440

2. The global market has been segmented according to product type such as articulated, Cartesian, SCARA, Cylindrical, and Others. The components identified in the report include Controller, Robotic Arm, End Effector, Drive, and Sensors. Additionally, the report covers the market on application basis such as Welding, Painting, Cutting, Material Handling, Palletizing & Packaging, and Assembly/Disassembly. The articulated robotics segment is estimated to account for the largest market share, in terms of value, in 2016. The global market has been segmented by component into Controller, Robotic Arm, End Effector, Drive, and Sensors. The controller segment is expected to hold the largest market share, by value, in 2016. A key factor driving the robotic controllers segment is its ability to offer high motion control and faster integration with any additional hardware. Asia–Pacific: Largest market for automotive robotics Asia–Pacific is estimated to account for the largest share, in terms of value, of the automotive robotics market in 2016. Improved employment outlook and overall macroeconomic indicators across Asia- Pacific region bode well for the vehicle sales outlook in years to come. One of the key drivers for the growth of automotive robotics is the continuous demand by automotive OEM’s especially in Asia-Pacific region to automate their production facilities which can reduce time-to-market with greater control over production activity. Primarily driven by rising labor cost and continuous increase in vehicle production in the region, Asia-Pacific is estimated to be the largest market for automotive robotics. The Asia-Pacific automotive robotics market, in terms of value, is projected to register the highest CAGR from 2016 to 2021. The report analyzes all major players in the automotive robotics market, including ABB (Switzerland), FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy Industries (Japan). The ecosystem of the automotive robotics industry consists of manufacturers such as ABB Ltd (Switzerland), KUKA AG (Germany), and Yaskawa Electric Corporation (Japan), industry associations such as the Robotic Industries Association (RIA), and World Robot Conference (WRC), and regional automobile associations such as China Robot Industry Alliance (CRIA), and German Roboteers Association (GRA). Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=262848440 Target Audience Manufacturers of automotive robotics Integrators of automotive robotics Industry associations Automotive OEM’s Tier 1 and Tier 2 Suppliers Private equity firms

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