Automotive Robotics Market Share 2022-27, Top Companies Overview, Size, Industry Trends, Growth, Report and Forecast Analysis
The latest research study “ Automotive Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global automotive robotics market size reached a value of US$ 8.69 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.34 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027. Robotics is the interdisciplinary branch of science and engineering that accomplishes the designing, construction, operation, and utilization of robots. Automotive manufacturers generally utilize robots to perform complex tasks effectively. They make use of cartesian, SCARA, cylindrical, and articulated polar robots to help with various functions such as welding, painting, assembling and disassembling, molding, cutting, and milling. Automotive robotics is highly efficient, flexible, reliable, and accurate in nature, thereby improving the quality of the vehicles and enhancing the ove...