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Automotive Robotics Market Booming by Enhancing Cost Competitiveness Through Automation in Developed.

Automotive Robotics Market by Type (Articulated, Cartesian, SCARA, Cylindrical), Component (Controller, Robotic Arm, End Effector, Sensors, Drive), Application (Welding, Painting, Cutting, Material Handling), and Region

[ClickPress, Fri Aug 31 2018] The Automotive Robotics Market is estimated to be USD 5.07 Billion in 2016, and is projected to grow to USD 8.44 Billion by 2021, at a CAGR of 10.74%. Automotive robotics is still in a growing phase. Additionally, increasing industrial plans such as Industry 4.0 of Germany and Made in China 2025 (MiC2025) of China would trigger growth in the automotive robotics market. Furthermore, increased focus on automation, to mitigate the risk arising from increasing labor costs, can provide a strong impetus to the demand for automotive robotics market. Browse 86 market data tables and 49 figures spread through 138 pages and in-depth TOC on "Automotive Robotics Market Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=262848440 Articulated Robots to hold the largest share in the automotive robotics market, by type The articulated robot segment is estimated to account for the largest share in the automotive robotics market. The articulated robot is more widely present in the market as compared to Cartesian, cylindrical, SCARA (Selective Compliance Assembly Robot Arm/ Selective Compliance Articulated Robot Arm) robots due to its higher degree of freedom that provides a manufacturer a larger work envelope and can be used for multiple applications. Robotics Controller: A promising market due to growing global demand for automotive robotics Development in advanced technologies and consistent growth in demand for automated solutions is a contributing factor for growth in the robotics controller market. In terms of region, Asia-Pacific market is projected to have the largest market share in automotive robotics controller market by 2021. The region is projected to be primarily driven by increasing demand for sophisticated motion control technology. Furthermore, in developed countries such as the US and Europe, the focus on further enhancing cost competitiveness amongst all major automotive OEM's is expected to result in growing demand for advanced controllers in the automotive industry. Asia--Pacific: Largest market for automotive robotics Asia--Pacific is estimated to account for the largest share, in terms of value, of the automotive robotics market in 2016. Improved employment outlook and overall macroeconomic indicators across Asia- Pacific region bode well for the vehicle sales outlook in years to come. One of the key drivers for the growth of automotive robotics is the continuous demand by automotive OEM's especially in Asia-Pacific region to automate

their production facilities which can reduce time-to-market with greater control over production activity. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=262848440 The report analyzes all major players in the automotive robotics market, including ABB (Switzerland), FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), and Kawasaki Heavy Industries (Japan). About MarketsandMarketsao MarketsandMarketsao provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketsao for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarketsao are tracking global high growth markets following the "Growth Engagement Model -- GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketsao now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketsao is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Publication:ClickPress
Geographic Code:90ASI
Date:Aug 31, 2018
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