Automotive Robotics Market Consumption, Demand, Challenges and Scope Overview Research 2017 to 2024

APAC automotive robotics market was approximately USD 2.0 billion. The region is attributed to have highest overall industry share owing to products motion control technology. Further, the region has substantial number of vehicle manufacturing facilities contributing to the automotive industry growth. Europe is estimated to have 3.5% CAGR from 2017 to 2024.

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.

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Reduced cost, low energy consumption, and enhanced product quality owing to usage of improved quality sensors, electronics, and software programming will propel the industry demand. Increasing unemployment due to consistent demand for automated solutions will hamper the automotive robotics market growth rate.

A currently compiled market study claims that automotive robotics market 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.

Having garnered the reputation of being highly technology-driven, automotive robotics industry 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.

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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