Automotive Robotics Market Size, Share, Growth, Trends, and Industry Analysis: By Component Type (Controller, Robotic Arm, End Effector, Drive and Sensors), By Product Type (Cartesian Robots, SCARA Robots, Articulated Robot, and Others), By Function Type (Welding Robot, Painting Robot, Assembling and Disassembling Robot, Cutting, and Milling Robot), By End-User Type (Vehicle Manufacturers and Automotive Component Manufacturers), and Region

Automotive Robotics Market size was valued at USD 9.2 billion in 2023 and is expected to reach a value of USD 18.8 billion in 2030, is poised to grow at a CAGR of 10.8% from 2024-2030. The market is driven by the increasing demand for automation to enhance manufacturing efficiency, precision, and safety in automotive production. More complex and adaptable automation solutions are becoming possible due to advancements in robotics technology, which include enhancements in artificial intelligence, machine learning, and sensor integration. Moreover, the business is constrained by factors including high upfront costs and the difficulty of integrating cutting-edge robotic equipment with current manufacturing procedures. Concerns exist over possible job displacement brought on by automation as well. Despite these obstacles, the emerging trend of Industry 4.0 and smart factories—which use robotics to boost production and make data-driven decisions—offers substantial opportunity. The need for specialized robotics in testing and production is also being driven by the growing popularity of electric automobiles and automated driving technologies.

For instance, in a foundry, there is an obvious danger when pouring molten metal. Some jobs can also result in musculoskeletal disorders caused by twisting, lifting, and repetitive motions. These risks can be reduced with the help of robots. Automotive robotics substantially cut injury claims and accidents by reducing worker exposure to such dangerous environments and dirty tasks. Hence, these factors will drive the automotive robotics market growth. Numerous noteworthy factors are influencing the future of the automotive robotics market. The emergence of collaborative robots (cobots), which are made to operate securely alongside human operators and increase efficiency and flexibility in manufacturing settings, is a significant development. These robots are being utilized more and more for jobs that call for a high level of accuracy and flexibility. The incorporation of artificial intelligence (AI) and machine learning into robotic systems is another noteworthy advancement that opens up new possibilities for real-time process optimization, predictive maintenance, and more complex decision-making are the trends of the automotive robotics market.

Automotive Robotics Market Key Developments:

• In July 2023: Ficep UK launched a new automatic and robotic processing solution in response to market demand for a quality welding system to help address skilled labor shortages and increase productivity. In a new partnership with AGT Robotics, Ficep developed the Sabre welding robot to seamlessly tackle the most challenging and labour-intensive processes fabricators face in today’s structural steel fabrication market.
  
  
• In January 2023: Oqton, a software provider of automation production solutions, and Valk Welding, a manufacturer of flexible arc welding robots, announced a new partnership. The new techniques and processes jointly developed by the companies are intended to enhance the utilization of automated robotic welding for unique or small-batch production.