Automotive robotics market to amass huge gains via assembly applications over 2017 -2024

As per estimates, North America automotive robotics market is expected to witness a lucrative growth over the coming years, having held a valuation of USD 1 billion in 2016. 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.

Robotics has established itself as a principal technology across major end-use domains in the developed geographies such as UK, Germany, and Italy. The surging requirement to achieve time consistency and a higher level of production has led to escalating demand for robotic body assemblies in the country. The deployment of these assemblies to improve the proficiency of the supply chain activities across the automotive sector is likely to impel UK automotive robotics market expansion.

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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.

Automotive robotics market boasts of a wide product spectrum, that can be effectively utilized to ease the welding process to quite an appreciable extent. Considering the vast expanse of the automotive sector and the projected vehicle production estimates, it would seem as though automotive robotics market would generate substantial revenue from welding applications, given the accuracy of the process and its importance in the overall production.

A currently compiled market study claims that automotive robotics industry revenue is anticipated to surpass USD 5.96 billion by 2024. Considering the notable contributions made by the automotive giants such as Rockwell Automation, Omron Corporation, The Yaskawa Electric Corporation, and ABB Group, it is no longer a supposition that automotive robotics market will indeed experience a commendable expansion in the years ahead.

Browse key industry insights spread across 400 pages with 629 market data tables & 11 figures & charts from the report, “Automotive Robotics Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-robotics-market

Glimpse of Table of Content (ToC):  –

Chapter 5.   Automotive Robotics Market, By Component

5.1.   Global automotive robotics market share by component, 2016 & 2024

5.2.   Hardware

5.2.1. Global market estimates and forecasts, 2013 – 2024

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

5.2.3. Controllers

5.2.3.1.    Global market estimates and forecasts, 2013 – 2024

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

5.2.4.   Robotics arm

5.2.4.1.    Global market estimates and forecasts, 2013 – 2024

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

5.2.5.  End effector

5.2.5.1.    Global market estimates and forecasts, 2013 – 2024

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

5.2.6.  Automotive robotic drive

5.2.6.1.    Global market estimates and forecasts, 2013 – 2024

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

5.2.7. Automotive robotic sensor

5.2.7.1.    Global market estimates and forecasts, 2013 – 2024

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

5.3.   Software & services

5.3.1. Global market estimates and forecasts, 2013 – 2024

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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-robotics-market

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