Automatic Robotics Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1687
Automatic Robotics Market size will experience a dynamic growth owing to rising demand from vehicles which include cars, trucks, buses and two wheelers. The key drivers include, cost effective solution, reduction in time, modernization in vehicle producing countries, assistance in manufacturing, high precision and quality control.
Growing need for improved productivity, safety of employees, improved work environment and reduction in industrial accidents will compel companies to opt for programmed automation, this in turn will drive automatic robotics market size.
Further, rising need for research & development globally, wage inflation, push for sustainable process, technology upgradation in vehicle manufacturing companies, investment in new production facilities in emerging industries and lack of skilled labor in many industries will propel the industry size.
The product is used in many fields including, defense, material handling, assembly line, industrial welding and painting. Dispensing and cutting jobs are well performed by robots. Increasing use of Automated Guided Vehicles in industries is expected to propel automatic robotics market size.
The automatic robotics market is predicted to receive massive demand from food & beverage and electronics & electrical sector. Besides, precision based tasks including, human surgery and packaging is done well by robots.
Major restraints for automatic robotics market are the perception that use of robots in industries pushes unemployment, sluggish growth in developed countries, high initial investment and maintenance cost. Furthermore, disposal of robot creates environmental problems as they are non-bio degradable may hamper the product growth.
In May 2013, Google created an autonomous microcar which is driverless and does not have steering wheel. The innovation will help in moving towards programmed cars which can be used in defense and industrial applications.
Automatic robotics market has two types mobile and static which is divided into articulated, cartesian, cylindrical, SCARA and parallel. Mobile robotics industry will up surge in the coming decades owning to ease in its usage. Further, under the mobile segment, articulated automation market is estimated to account for largest industry share as it provides cost-effective solution for processes that require flexibility in terms of motion, payload capacities and working envelope. Rising demand for wide range of applications in different manufacturing companies is projected to drive the articulated robotics markets.
Based on component, automatic robotics market is further divided into controller, robotic arm, end effector, drive and sensors. The product is used in primary (welding, painting, cutting) and secondary manufacturing process (material handling, palletizing & packaging and assembly & disassembly).
North America led by the U.S., holds the largest share for automatic robotics due to government support and high R&D expenditure.
Europe will witness significant growth owning to presence of many automatic industries across region with Germany as the major region for industrial surge. Intensifying hike in procuring volumes is expected to positively spike demand for superior quality customer goods. This in turn is projected to elevate automatic robotics market size.
Asia Pacific dominated by China, is likely to witness highest growth due to rapid urbanization coupled with rising manufacturing activities in the region and numerous government initiatives. Improved employment outlook and macroeconomic indicators across the region bode well for the vehicle sales in years to come. Other key driver for growth of automatic robotics market is the continuous demand by programmed OEM’s to automate the production facilities which can reduce production time with greater control over manufacturing activity.
The automatic robotics market is highly consolidated with many companies manufacturing worldwide. Some of the major industry participants are ABB Group, Fanuc Corporation, Denso Wave, Kawasaki Heavy Industries, Comau Spa, Nachi-Fujikoshi, Rockwell Automation, Seiko Epson, Yaskawa Electric, Kuka Ag, Durr, Harmonic Drive System, Omron, Panasonic Welding Systems, Siasun Robot & Automation, Yasakwa Electric, Kg Maschinenfabrik, Universal Robots, Rockwell Automation, Yamaha and Nabtesco Motion Control. A lot of innovation and technical improvement is being carried out by the players to improve product quality.
The automatic robotics market is foreseeing many merger and acquisitions recently. In June 2017, Panasonic Welding Systems announced the acquisition of all shares of Tera Diode, the U.S. based company, supplying high brightness direct diode lasers for industrial use. This acquisition will help the company to meet the industry needs quickly.
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