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Automotive Robotics Market Size
- Report ID: GMI210
- Published Date: Aug 2017
- Report Format: PDF
Automotive Robotics Market Size
Automotive Robotics Market size crossed USD 4 billion in 2016 and is poised to register growth of over 3.8% between 2017 and 2024. The global industry demand will surpass 210 thousand units by 2024.
Manufacturers are adopting the technology for several reasons such as capacity, safety, and quality. It helps in minimizing the waste caused by human errors leading to the lesser variability in vehicle assembly. Auto makers are striving to maintain consistent time and control processes in each stage of the assembly line.
Vehicle manufacturing process comprises of insidious tasks which lead to musculoskeletal disorders resulting from twisting, lifting, and repetitive movements. This prevent human risks by keeping laborers away from the exposure to welding and paint fumes which will augment the global automotive robotics market share.
High installation cost will hamper the overall market revenue. Uncertainty related to stored data from the product will restrict the industry as information contained in databases can lead to unlawful access or misuse. Moreover, rising unemployment due to automation will act as a restraint to the industry size.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| Automotive Robotics Market Size in 2016: | 4 Billion (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 3.8% |
| 2024 Value Projection: | 5.96 Billion (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 400 |
| Tables, Charts & Figures: | 468 |
| Segments covered: | Product, Component, Application and Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Automotive Robotics Market Scope
