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Robotics in Automotive - Thematic Research

Publisher GlobalData
Published Mar 20, 2024
Length 69 Pages
SKU # GBDT18714145

Description

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.

Table of Contents

69 Pages
Executive Summary
Players
Automotive Challenges
The Impact of Robotics on Automotive
How robotics helps tackle the challenge of CASE megatrends
How robotics helps tackle ESG and regulation concerns
How robotics helps tackle the challenge of labor shortages
How robotics helps tackle the challenge of cost efficiency
How robotics helps tackle the challenge of supply chain disruption
Case Studies
Figure’s AI humanoid robots to be used at BMW manufacturing’s plant
Hyundais’ AI-powered smart factory
Volvo and FANUC’s global robot contract
Divergent Technologies' advanced automotive assembly platform
Robotics Timeline
Market Size and Growth Forecasts
Industrial robots will grow at a CAGR of 10% between 2022 and 2030
Service robots will be the growth engine of robotics
An increasingly varied landscape
Signals
M&A trends
Patent trends
Company filing trends
Hiring trends
Robotics Value Chain
Robot manufacturing
Caged industrial robots
Industrial co-bots
Logistics robots (excluding drones)
Medical robots
Exoskeletons
Consumer robots
Drones
Inspection, cleaning, and maintenance robots
Field robots
Defense and security robots (excluding drones)
Hardware components
Precision mechanical parts
Semiconductors
Software components
Robotic intelligence
Robotics as a service
Cloud robotics
Companies
Leading robotics adopters in automotive
Leading robotics vendors
Specialist robotics vendors in automotive
Sector Scorecard
Vehicle manufacturing sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Furth er Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Key challenges currently facing the automotive sector.
Table 2: M&A trends
Table 3: Leading robotics adopters in automotive
Table 4: Leading robotics vendors
Table 5: Specialist robotics vendors in automotive
Table 6: Glossary
Table 7: GlobalData reports
List of Figures
Figure 1: Key players in robotics
Figure 2: Robotics is posing a risk to the workforce
Figure 3: Thematic investment matrix
Figure 4: Figure’s AI humanoid robots at BMW’s manufacturing plant
Figure 5: Boston Dynamics Spot in Hyundai’s smart factory
Figure 6: FANUC’s robotic arm working on a car
Figure 7: The Czinger 21C’s AI designed and 3D printed chassis
Figure 8: The robotics story
Figure 9: The robotics industry will grow at a CAGR of 17% between 2022 and 2030
Figure 10: The industrial robotics market will be worth $45.1 billion by 2030
Figure 11: The service robots market will be worth $172.4 billion in 2030
Figure 12: Exoskeletons are the fastest-growing robotics category
Figure 13: Robotics-related patent publications in the automotive sector peaked in 2021
Figure 14: Robotics patent filings show a race for technological superiority between the US and China
Figure 15: In 2021, robotics mentions in company filings peaked at 1,147
Figure 16: Robotics-related jobs peaked in May 2023
Figure 17: The robotics value chain
Figure 18: Caged industrial robots
Figure 19: Industrial co-bots
Figure 20: Delivery robots & Warehouse robots
Figure 21: Logistics robots
Figure 22: Medical robots
Figure 23: An example of a surgical robot
Figure 24: An example of a care robot
Figure 25: Medical exoskeleton & Walking assist devices
Figure 26: Exoskeletons
Figure 27: Consumer robots
Figure 28: Drones
Figure 29: Consumer drone & Military drone
Figure 30: Inspection robot
Figure 31: Inspection, cleaning, and maintenance robots
Figure 32: An agribot: a field robot used in agriculture & Field robots in space exploration
Figure 33: Field robots
Figure 34: Explosive ordnance disposal (EOD) robot & Unmanned surface vessel (USV)
Figure 35: Defense and security robots (excluding drones)
Figure 36: Precision mechanical parts
Figure 37: Semiconductors
Figure 38: Robotic intelligence
Figure 39: Cloud robotics
Figure 40: Who does what in the vehicle manufacturing space?
Figure 41: Thematic screen
Figure 42: Valuation screen
Figure 43: Risk screen
Figure 44: Our five-step approach for generating a sector scorecard

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