Effective Innovation in Trends of North America Automotive Robotics Market Outlook: Ken Research

Posted March 12, 2021 by Anita1111

GMD predicts North America automotive robotics market to reach USD 1.87 billion by 2026 in terms of robot machines (hardware), representing a 2019-2026 CAGR of 12.96%.
Robotic is the study of the robots used as the replacement of the human being for repetitive and dangerous tasks, which are mechanical devices incorporated with the numerous additional fields of technologies. The automotive robotics enables the extremely programmable robots and thus decreases the production time. It is skilled of resisting the movement laterally more than three axes. It extensively useful in the automotive and manufacturing unit to help various purposes due to its effective performance.
The report analysis of,’ North America Automotive Robotics Market by Subsystem, Robot Type, Application, Production Process, and Country 2015-2026: Trend Forecast and Growth Opportunity’ The level of competition has strengthened in this market in the current years on account of the start of technologically innovative and new products like collaborative robots. Numerous vendors in this market are also involved in emerging innovative technologies by using IoT services and cloud. The global market is mostly dominated by the international, established players in footings of their greater product excellence, technological revolutions, durability and dependability. Though, the local players are go-getting to endure competitive in the market. The major players working in the global automotive robotics market embrace ABB Ltd., Comau S.p.A, Denso Corporation, Fanuc Corp., Kawasaki Robotics Inc., KUKA (Midea Group), Mitsubishi Electric Corp., Omron Corporation (Omron Adept Technologies), Reis Robotics, Rockwell Automation Inc., Seiko Epson Corporation (Epson Robotics), Staubli International AG, Universal Robots and Yaskawa Electric Corp.
Geographically, the market is fragmented into the key regions including U.S. and Canada. North America is projected to eyewitness the fast development in the automotive robotics market owing to automation, modernization, and robotization as the primary investments for OEMs. North America is a foremost region in the automotive robotics market. Competitive benefit and abridged per hour cost as associated to human results will supplement the regional market development.
Based on subsystem, the North America market is segmented into Hardware, Software and Service & Support. Based on robot type, the North America market is segmented into the Articulated Robots, Cartesian Robots, SCARA Robots, Cylindrical Robots, Polar/Spherical Robots and Others. Based on application, the North America market is segmented into the Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Cutting and Others. Based on production process, the North America market is segmented into the Vehicle Manufacturing, Component Manufacturing and Others.
Moreover, articulated robot segment is anticipated to grasp the largest share of the global market throughout the forecast amount, as it is more extensively favoured in contrast to the other types. Articulated robots are more popular due to its higher degree of freedom which makes them appropriate to be used in multiple applications and delivers the maker with a larger work wrapper. Robotic controllers are predictable to plan health growth throughout the forecast period, because of the constant development in demand for automated solution and stable development in advanced technologies. The automotive industry is currently going through slow growth but is anticipated to show good development rate owing to the growing demand for vehicles owing to increase in disposable income of customers and innovations (including cars, two wheelers, trucks, buses, and off-road vehicles, among others) which necessitates unbelievable amount of flexibility from the makers. Thus, it is expected that the market of North America Automotive Robotics Market will boost up in the upcoming years.

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Contact Email [email protected]
Issued By Ken Research
Country India
Categories Technology , Telecom
Tags north america automotive robotics market , North America Automotive Robotics Market Revenue , North America Automotive Robotics Market Forecast
Last Updated March 12, 2021