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Sep 29, 2020 (AmericaNewsHour) —
Global Automotive Robotics Market was valued at USD 5.68 Billion in the year 2017. Global Automotive Robotics Market is further estimated to grow at a CAGR of 13.7% from 2018 to reach USD 13.5 Billion by the year 2025. Asia-Pacific region holds the highest Market share in 2017 and Asia-Pacific Market is considered as the fastest growing Market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.

Major market players in Kawasaki Heavy Industries Ltd., ABB Group, SEIKO EPSON CORP., KUKA Aktiengesellschaft, Rockwell Automation Inc., Denso Wave Incorporated, iRobot Corporation, Nachi-Fujikoshi Corp., Harmonic Drive LLC, Yaskawa Electric Corporation, Yamaha Corporation, Fanuc Corporation, and overview of 10 companies is also provided in the report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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SWOT Analysis of Automotive Robotics Market:
Implementation in Artificial Intelligence and IoT

Initial high cost of production

Rising demand in the Automotive sector

Data security of robots from thefts

The Global Automotive Robotics Market is segmented by types, application, component & region. The major shares of the Market come from Controller, component type in Global Automotive Robotics Market. On the other hand, Articulated Robot, by type for this Market is expected to grow at highest CAGR during the year 2018-2025.

By Type
*SCARA Robot
*Cartesian Robot
*Cylindrical Robot
*Articulated Robot

By Application
*Painting Robots
*Cutting and Milling Robots
*Welding Robots
*Material Handling, Palletizing & Packaging

By Component
*Robotic Arm
*End Effector

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post Automotive Robotics Market Analysis By Industry Growth, Size, Share, Demand, Trends and Manufacturers Analysis Research Report appeared first on America News Hour.


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