Advanced Robotics Technology in Automotive Market Size, Growth, Trends and Forecast Analysis Report Till 2027
Advanced Robotics Technology in Automotive Market Overview:
A research team conducted extensive primary and secondary research for the Advanced Robotics Technology in Automotive market analysis of the global industry. Secondary research was conducted to supplement the available information, segment the market, calculate the overall market size, and forecast market size and growth rate.
For many years, the automotive industry has used industrial robotics in the manufacturing process. Armored robots hold a substantial portion of automotive robots, and welding is the most common use of robots in the automobile industry. Robotic technologies in the automobile sector are more cost-effective, efficient, and safe than human counterparts since they can complete tasks faster. Advanced Robotics Technology in Automotive market is expected to register CAGR of 10.17% during the forecast period.
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Advanced Robotics Technology in Automotive Market Scope:
The Advanced Robotics for Manufacturing (ARM) Institute is a public-private affiliation that endeavors to work on the seriousness of makers in the US through coordinated efforts and improvement of creative mechanical technology arrangements. It is supported by the US Department of Defense. The foundation has called for fast and high-sway projects in advanced mechanics to help the speedy reaction expected for the COVID-19 pandemic. The endorsed proposition would be financed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Such invigorating bundles urge firms to foster inventive arrangements.
Advanced Robotics Technology in Automotive Market Segmentation:
The 16.01-60.00 kg payload classification is the one showing the most notable growth over the course of the gauge. This class includes articulated, SCARA, equal, and cooperative robots, which are expected to be more popular on the market in the foreseeable future. This is due to the SCARA robots being predicted to experience the highest growth due to the growing demand for robotization in the electrical and hardware industry for assembly and maintenance uses, where they would be extensively used. The SCARA robots will also unavoidably replace the round and barrel-shaped robots, which will soon become obsolete.
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Advanced Robotics Technology in Automotive Market Key players:
- Kawasaki Heavy Industries (Japan)
- Denso Corporation (Japan)
- NACHI-FUJIKOSHI (Japan)
- Seiko Epson (Japan)
- DÜrr (Germany)
- ICR Services (US)
- IRS Robotics (Netherlands)
- Hyundai Robotics (South Korea)
- Siasun Robotics (China)
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