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The global automotive robotics market was valued at US$ 8.69 Billion in 2021.
We expect the global automotive robotics market to exhibit a CAGR of 11.80% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for vehicles, thereby negatively impacting the global market for automotive robotics.
The increasing concerns toward employee safety across the automotive industry, along with the rising demand for automotive robots to simplify complex production processes and enhance operational efficiency, are primarily driving the global automotive robotics market.
Based on the product type, the global automotive robotics market can be segmented into cartesian robots, SCARA robots, articulated robot, and others. Currently, articulated robot holds the majority of the total market share.
Based on the component type, the global automotive robotics market has been divided into controller, robotic arm, end effector, and drive and sensors. Among these, robotic arm currently exhibits a clear dominance in the market.
Based on the application, the global automotive robotics market can be categorized into assembly, dispensing, material handling, welding, and others. Currently, welding accounts for the majority of the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive robotics market include ABB Ltd., Denso Wave Incorporated (DENSO Corporation), Dürr Aktiengesellschaft, FANUC, Harmonic Drive Systems Inc., Kawasaki Heavy Industries Ltd., KUKA Aktiengesellschaft (Midea Group), Nachi-Fujikoshi Corp., Omron Corporation, Seiko Epson Corporation, Yamaha Motor Co. Ltd., and Yaskawa Electric Corporation.
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