Global Automation and Robotics Market in the Automotive Industry 2018-2022| Smart Manufacturing to Gain Traction| Technavio

Technavio has published a new market research report on the global automation and robotics market in the automotive industry from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global automation and robotics market in the automotive industry is expected to post a CAGR of close to 8% over the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the evolving strategic focus of automotive players. Automotive companies are streamlining their production processes to become more lean and flexible in their assembly line operations. They are integrating multiple variant automobile production processes using a single assembly line and adopting automation and robotics to achieve their strategic goals.

This market research report on the global automation and robotics market in the automotive industry also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the increasing traction in smart manufacturing as one of the key emerging trends in the global automation and robotics market in the automotive industry:

Global automation and robotics market in the automotive industry: Smart manufacturing gaining traction

It is expected that more players in the automotive industry will opt for smart manufacturing to capitalize on low-cost sensing, human-machine interaction (HMI), computing and analytical capabilities, and connectivity. End-users are opting for smart manufacturing to achieve strategic goals regarding optimization, predictive maintenance, and real-time inventory optimization. There is also considerable focus by automotive players to equip their plants with IoT-integrated microprocessors, microcontrollers, sensors, and switches.

“Smart manufacturing will also drive the adoption of cloud-based solutions such as cloud-based MES. This can offer advantages such as no requirement for hardware retrofits, and software upgrades, and elimination of costs associated with IT infrastructure,” says a senior analyst at Technavio for research on automation.

Global automation and robotics market in the automotive industry: Segmentation analysis

This market research report segments the global automation and robotics market in the automotive industry by application (material handling, assembly line, welding, surface treatment and finishing and others), by product (automation and robotics), and key regions (the Americas, APAC, and EMEA).

The global automation and robotics market in the automotive industry is highly concentrated in APAC, which dominated the market with a market share of close to 54% in 2017. Countries such as China, Japan, South Korea, and India are the major markets in APAC. The market share of APAC is expected to increase further over the forecast period, while the other two regions, namely EMEA and the Americas will see a decline in their market share.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global automation and robotics market in the automotive industry is expected to post a CAGR of almost 8% during 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com