What Makes Automotive Robotics Market To Grow At 10.86% CAGR Till 2030?

T Murrali
23 Feb 2024
01:20 PM
2 Min Read

The synergistic interplay between the automotive industry and robotics, particularly within the framework of Industry 4.0, propels both sectors towards a future characterised by intelligent manufacturing and automation.


The global automotive robotics market is poised for substantial growth, projected to reach a size of $16.55 billion by 2030 from $ 8.04 billion in 2023, with a robust CAGR of 10.86% during 2024-2030, according to a recent report by Research and Markets. This surge is attributed to the increasing utilisation of robots in the automotive industry, with engineers exploring new applications for their specificity and efficiency.

Key drivers include the rapid technological progressions, incorporating the Internet of Things (IoT), cloud solutions, and Autonomous Intelligent Vehicles (AIVs); global initiatives to increase low- or zero-emission vehicles by 2030, necessitating revolutionary technologies such as 'smart sensors' and cognitive and collaborative robots and Industry 4.0, emphasising automation, real-time data, interconnectivity, and machine learning.

According to the report, the market is highly competitive, with significant investments (30% of overall investments) directed towards automotive robotics. Introduction of innovative products, including collaborative robots, has intensified competition. China's 'Made in China 2025' initiative has further fueled competition, aiming to enhance global competitiveness through innovation.

Industry 4.0 Impact

Industry 4.0, the contemporary stage of the industrial revolution, plays a crucial role in shaping the automotive robotics market by highlighting the significance of automation and intelligent technologies. Notably, Robotics, AI, data analytics, and cloud computing are indispensable components of Industry 4.0, contributing to the heightened reliability and efficiency of commercial robots.

Market Segmentation

Components: Predominantly led by robot arms, with their precision, speed, and adaptability playing a crucial role in welding, painting, and assembly tasks.

Type: Articulated robots, particularly poised for growth with their agility and versatility in addressing complex manufacturing tasks.

Application: Material handling segment showing notable expansion, indicating the transformative role of robotics in managing materials efficiently in the automotive industry.

Regional Outlook

According to the report, China is anticipated to grow significantly due to the growing adoption of robotics aligning with the country's technological development commitment. United States will lead the market, adopting robotics for tasks from material handling, showcasing a commitment to automation and efficiency.

The trajectory of the global automotive robotics market reflects a paradigm shift towards automation, innovation, and efficiency. The symbiotic relationship between the automotive industry and robotics, especially in the context of Industry 4.0, propels both sectors into a future defined by smart manufacturing and automation.

Courtesy: Research and Markets. Photo is representational; courtesy: HMIL.

Also Read:

Collaborative Robot Market To Grow At 43.4% CAGR Till 2027

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