Global Automotive robotics Market valued approximately USD 4.34 billion in 2016 is anticipated to grow with a healthy growth rate of more than 13.8% over the forecast period 2018-2025.
Robotics is an interdisciplinary branch of engineering and science that includes mechanical engineering, electronic engineering, information engineering, computer science, and others. Robotics deals with the design, construction, operation, and use of robots, as well as computer systems for their control, sensory feedback, and information processing. Growth in automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand. Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics. Additionally, extensive usage of robotics will lead to reduction of labor costs and thereby increase OEMs profitability.
The major players in Automotive Robotics industry are ABB Ltd., acieta LLC., comau spa., denso corporation, Epson America Inc., fanuc corporation, kuka AG, universal robots AS, Yaskawa electric corporation. and other 9 companies detailed information is provided in research report.
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Automotive Robotics Industry Overview