Analysis of the Automotive Robotics Industry: 2024-2030

by IS_Indust

The report titled “Global Automotive Robotics Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis” has been included in’s offerings.

According to the report, the Global Automotive Robotics Market is expected to grow from US$ 8.04 Billion in 2023 to US$ 16.55 Billion by 2030, with a Compound Annual Growth Rate (CAGR) of 10.86% during the forecast period of 2024-2030.

In recent years, robots have become increasingly valuable in the automotive industry due to their specificity and efficiency. Engineers are discovering new applications for robots in various automotive processes. Given that the automotive industry boasts one of the most automated supply chains globally, robots play a critical role in its operations. Currently, approximately 30% of total investments in the automotive sector are directed towards automotive robotics. This underscores the significance of the automotive industry in the widespread adoption of industrial robots worldwide.

The growth of the market is being propelled by rapid technological advancements, including the integration of the Internet of Things (IoT), cloud solutions, and Autonomous Intelligent Vehicles (AIVs) for secure transfer of components and materials. To achieve the objectives set for 2030, governments worldwide need to promote the adoption of low- or zero-emission vehicles, which will necessitate revolutionary technologies such as ‘smart sensors’ and cognitive and collaborative robots. The automation of new generations of motors will be crucial, requiring rapid and large-scale implementation.

In recent years, manufacturers have managed to reduce operating expenses by increasing operational flexibility and minimizing raw material wastage and workflow inefficiencies, leading to enhanced profitability. The global automotive robotics market is characterized by the presence of numerous substantial and small-sized competitors, contributing to its competitiveness. The introduction of technologically advanced products, including collaborative robots, has intensified competition in the market in recent years. In May 2015, the Government of China announced the ‘Made in China 2025’ development strategy, aimed at enhancing China’s global competitiveness and positioning it as a key technological force by 2025 through innovation and restructuring of the manufacturing sector.

Industry 4.0 represents the contemporary phase of the industrial revolution, focusing on automation, real-time data, interconnectivity, and machine learning. It involves leveraging advanced digital technologies to enhance manufacturing and supply chain management. Robotics, artificial intelligence (AI), data analytics, and cloud computing are integral components of Industry 4.0, contributing to the reliability and efficiency of commercial robots. The objective is to achieve maximum efficiency with minimal downtime, leading to increased opportunities within the automotive robotics market.

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