Home Bots & Business Global Automotive Robotics Market Surpasses $9.9 Billion

Global Automotive Robotics Market Surpasses $9.9 Billion

by Pieter Werner

In 2022, the global automotive robotics market reached a substantial size, totaling US$ 9.9 Billion, says ResearchAndMarkets.com. Projections indicate robust growth in the coming years, with the market expected to expand to US$ 19.2 Billion by 2028. This growth will be driven by a remarkable Compound Annual Growth Rate (CAGR) of 11.4% during the period from 2023 to 2028.

Automotive robotics refers to computer-programmed engineering solutions widely used by manufacturers to execute complex tasks efficiently. These robots offer flexibility, higher efficiency, reliability, and accuracy, helping organizations improve quality and production capacity, optimize workflows, eliminate errors, and ensure employee safety.

Automotive robotics finds applications in vehicle assembly facilities, performing various tasks such as spot welding, painting, trimming plastic molding, cutting fabric, and removing unwanted materials. The market features different product types, including cartesian, articulated polar, and cylindrical robots.

Market Trends

The significant expansion of the automotive industry has fueled the demand for industrial robots to streamline complex production processes, driving market growth. Automotive robots enhance quality and working capacity at lower costs, further supporting market expansion.

Additionally, increasing concerns about employee safety due to rising instances of injuries, manual errors, and accidents in hazardous working conditions within the automotive manufacturing sector are contributing to growth. Government bodies in various countries are actively funding and implementing initiatives to incorporate advanced equipment and devices, ensuring worker safety while adhering to safety standards.

Moreover, rapid technological advancements, such as the integration of the Internet of Things (IoT), cloud solutions, and autonomous intelligent vehicles (AIVs) for secure component and material transportation, are propelling the market. Other factors contributing to market growth include strategic collaborations among key players, rising vehicle production due to increasing disposable incomes in emerging economies, and growing investments in research and development (R&D) for introducing energy-efficient automotive robots.

You can find the report here


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