Robotics in Automotive - Thematic Research

Robotics in Automotive - Thematic Research

Summary

Robotics is a fast-growing industry. According to GlobalData forecasts, it was worth $76 billion in 2023, and by 2030, it will have grown at a compound annual growth rate (CAGR) of 17% to $218 billion. GlobalData expects the exoskeleton market to see the highest growth rate, followed by logistics. For automotive manufacturers, automation is the fastest way to improve productivity. In factories and warehouses, human staff work alongside robots that are incredibly good at performing repetitive and dangerous tasks but do not look or behave like humans.

Robotics will be a $218 billion industry by 2030 Robotics is a fast-growing industry. According to GlobalData forecasts, it was worth $76 billion in 2023, and by 2030, it will have grown at a compound annual growth rate (CAGR) of 17% to $218 billion. GlobalData expects the exoskeleton market to see the highest growth rate, followed by logistics. For manufacturers, automation is the fastest way to improve productivity. In factories and warehouses, human staff work alongside robots that are incredibly good at performing repetitive and dangerous tasks but do not look or behave like humans. Robotics has revolutionized the automotive supply chain Robotics has significantly impacted the automotive sector, revolutionizing production processes and enhancing efficiency. Integrating robotics in automotive manufacturing has increased precision, reduced human error, and improved safety conditions. Robots are integral in various stages of automotive production, from assembly and painting to inspection and testing. This has resulted in higher quality vehicles, shorter production times, and reduced costs. Furthermore, the advent of autonomous vehicles (AVs) has deepened the role of robotics in the sector, requiring sophisticated artificial intelligence (AI) technologies for navigation and decision-making. However, this technological shift also presents challenges, including job displacement and the need for workforce reskilling. Companies must also navigate regulatory uncertainties around AVs. Despite these challenges, the continued advancement of robotics promises to drive further innovation and growth in the automotive industry.

Scope

This report provides an overview of the Robotics theme. The detailed value chain comprises four layers: hardware, software, robotic manufacturing, and robotics as a service. Leading and challenging vendors are identified across both segments.

It identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of robotics on the automotive industry, addressing these challenges.

Several case studies are included to analyze the multiple ways companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.

Reasons to Buy

• This report will help you to understand robotics and its impact on the automotive sector.
• Benchmark your company against your competitors and assess how automotive companies are utilizing robotics to drive revenues.
• Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the automotive industry.
• Understand key industry challenges and where robotics use cases are most useful.
• Develop and design your corporate strategies through an in-house expert analysis of robotics by understanding the primary ways in which this theme is impacting the automotive industry.
• Position yourself for future success by investing in the right robotics technologies.