Global Automotive Robotics Market| COVID-19 Analysis

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Competitive Analysis:

Leading players in the Global Automotive Robotics market include ABB Group, Denso Wave Incorporated, Fanuc Corporation, KUKA AG, Nabtesco Motion Control Inc., Nachi-Fujikoshi Corp., Kawasaki Robotics, Harmonic Drive System, Durr AG, and Comau SpA.

Industry Updates:

In April 2019, Hitachi Ltd. bought JR Automation Technologies LLC, a leading Holland-based developer of automation systems for the automotive and other industries, from Crestview Partners for USD 1.425 billion. The acquisition strengthens Hitachi’s hand in the Global Automotive Robotics market, which is likely to become increasingly competitive over the forecast period.

Segmentation:

The Global Automotive Robotics market is segmented on the basis of product type, type, application, and region.

By type, the Global Automotive Robotics market is segmented into hardware, software, and services.

By application, the Global Automotive Robotics market is segmented into gripping, stamping, welding, painting, assembly, and others.

Regional Analysis:

North America and Europe are likely to remain the leading regional markets for Global Automotive Robotics technology and solutions over the forecast period. The growing presence of a strong technological base in these regions for the widespread adoption of Global Automotive Robotics solutions in the automotive industry is likely to be a major driver for the Global Automotive Robotics market over the forecast period. North America and Europe are home to some of the oldest and largest players in the global automotive industry, and also to players who are on the cutting edge of technological innovation in various arms of the automotive industry, including automation in automotive manufacturing processes. This is likely to be a major driver for the Global Automotive Robotics market in North America and Europe over the forecast period.

The growing government support for the adoption of Industry 4.0 protocols in North America and European countries such as the UK and Germany is likely to be a major driver for the Global Automotive Robotics market over the forecast period.