Automotive Robotics Market: Future Trend And Growth Opportunities By 2024

North America automotive robotics market is expected to witness a lucrative growth over the coming years. As per estimates, the demand for robots from vehicle component suppliers increased by 53% in 2016, and that from automotive original equipment manufacturers rose by 32% in the same year. This goes to prove that automotive robotics industry has bright prospects across North America.

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Germany has a powerful base of automakers, on the grounds of which it has been forecast that robotic applications would be deployed heavily across the automotive sector in the region. Subject to the extensive implementation of robotics, Germany automotive robotics industry is likely to gain a strong ground in the ensuing years. The expansion of this business space across Germany, UK, and Italy is certain to boost Europe automotive robotics market, which contributed nearly 25% toward the overall industry share in 2016.

Having garnered the reputation of being highly technology-driven, automotive robotics market thrives on the product innovations brought forth by leading business players. A recent instance citing the validity of the aforementioned declaration is Rimac’s collaboration with Dassault Systèmes. Elaborating further, the September of 2017 saw Rimac Automobili, a key manufacturer of high performance electric vehicles, battery systems, and drivetrains, join forces with Dassault Systèmes, a software firm based in France, to acquire the product lifecycle management digital platform from the latter to scale up its business growth.

Pertaining to the stiff competition prevalent in the automotive robotics market space, companies have been devising a number of business tactics to consolidate their position. In September 2017, for example, Avnet Incorporation, a major participant across information technology and services industry, acquired Dragon innovation, a major producer of consumer electronics products. The acquisition is expected to assist both the firms add to their existing product line and expand their presence in automotive robotics industry.

The month of September has also witnessed Technion – an Israeli tech institute, Korean Advanced Institute of Science and Technology, and Hyundai Motor Group forming an alliance to jointly complete the projects on artificial intelligence, autonomous driving, and cyber security. The collaboration has been touted to help the emerging automotive firms and startups in Israel to launch their products with Hyundai’s vehicle product line. Vice-versa, the initiative is expected to aid Hyundai Motors establish itself as a leader in automotive robotics market, having experimented with next generation of automotive technologies equipped with artificial intelligence and robotics.

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Some Point from Table of Contents:

Chapter 6.   Automotive Robotics Market, By Application

6.1.   Global automotive robotics industry share by application, 2016 & 2024

6.2.   General assembly

6.2.1. Global market estimates and forecasts, 2013 – 2024

6.2.2. Market estimates and forecast, by region, 2013 – 2024

6.3.   Plastics and press automation

6.3.1. Global market estimates and forecasts, 2013 – 2024

6.3.2. Market estimates and forecast, by region, 2013 – 2024

6.4.   Powertrain robotic assembly

6.4.1. Global market estimates and forecasts, 2013 – 2024

6.4.2. Market estimates and forecast, by region, 2013 – 2024

6.5.   Paint & dispense

6.5.1. Global market estimates and forecasts, 2013 – 2024

6.5.2. Market estimates and forecast, by region, 2013 – 2024

6.6.  Others

6.6.1. Global market estimates and forecasts, 2013 – 2024

6.6.2. Market estimates and forecast, by region, 2013 – 2024

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