Automotive Robotics Market Size To Reach USD 27.81 Billion By 2032 Driven By Rising Demand For Automation And Development Of Manufacturing Technologies | By SNS Insider
| Report Attributes | Details |
| Market Size in 2023 | 9.56 Billion |
| Market Size by 2032 | 27.81 Billion |
| CAGR | 12.6% CAGR by 2024-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Growth Drivers |
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| Major Regions Covered |
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| Major Companies Listed in the Report | FANUC Corporation, Kawasaki Heavy Industries, Yaskawa Electric Corporation, KUKA AG, ABB, Comau, DENSO WAVE INCORPORATED, NACHI-FUJIKOSHI CORP., Rockwell Automation, Inc., Seiko Epson Corporation, and other players |
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U.S. Insights: Highlighting Growth Factors and Key Indicators:
The U.S. automotive robotics market is poised for phenomenal growth on the back of increasing advancements in the field of automation technology, accompanied by rising investments in smart manufacturing.
By 2032, the United States is likely to contribute around 25% to the global share of the automotive robotics market, since it has put strong emphasis on competitiveness in the automotive sector. Automotive robotics, for their part, are increasingly applied in assembly, welding, and material handling in the U.S., while there is also a remarkable trend toward integrating AI and machine learning into manufacturing with the aim of increasing effectiveness. It is estimated that over 70% of the US automotive manufacturers are going to use robotics in their production lines until the year 2025, driven by a higher output and quality improvement.
Recent Developments:
ABB Ltd. has just released a new generation of automotive robots optimized for welding and assembly with improved sensors and AI capabilities, delivering unprecedented levels of precision with fewer production errors.
KUKA AG was working directly with automobile manufacturers to further spread robotics to the assembly lines, with increasing production efficiency and moving to smart manufacturing.
Fanuc Corporation has announced its plans to integrate the most advanced AI-driven robotics in their future products, thereby combining classic robotics with AI to offer a versatile and efficient manufacturing solution.
Key Takeaways
- Automotive manufacturing has geared up for automation; this is a sector that shows a great demand for automotive robotics, with a rise of 60% in the last five years. AI-powered robotics is developing fast, and more than 70% of new automotive robots are going to have artificial intelligence by 2032. The Asia-Pacific region is going to emerge as one of the vital players in the automotive robotics market, accounting for about 50-55% of all global sales, while the U.S. will cover 25% of the market by 2032 owing to rapid industrialization and supportive governmental policies. Electric vehicle manufacturing is at the edge in adopting automotive robotics, as a way of increasing the rate of production while reducing overall costs; 65% of EV makers have already integrated this technology into their operations.
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Table of Contents – Major Key Points
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter's Five Forces Model
5. Statistical Insights and Trends Reporting
5.1Wafer Production Volumes, by Region (2023)
5.2 Chip Design Trends (Historic and Future)
5.3 Fab Capacity Utilization (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Robotics Market Segmentation, By Type
8 . Automotive Robotics Market Segmentation, By Application
9. Regional Analysis
10. Company Profiles
11. Competitive Landscape
12. Use Case and Best Practices
13. Conclusion
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