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South Korea Automotive Robotics Market Overview:
The global South Korea Automotive Robotics Market is estimated to display a CAGR of 10% during the forecast period from 2023 to 2032. The increasing concern for labor safety is the primary factor that drives the global South Korea Automotive Robotics Market 2020. The other essential factors that drive the market are meeting market demands within the time limit and the adoption of the latest automated technology to assure quality production. Moreover, implementing the automotive robotics in the manufacturing operations helps in reducing the cost of operation, saves time, provides better quality and operational flexibility, reduces wastage of raw material, and lessens pollution and manufacturing faults.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
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South Korea Automotive Robotics Market Key Players
The forefront players of the global South Korea Automotive Robotics Market are Nachi-Fujikoshi Corp., Comau SpA, ABB Group, Denso Wave Incorporated, Fanuc Corporation, Dürr AG, Harmonic Drive System, Kawasaki Heavy Industries (Kawasaki Robotics), KUKA AG, and Nabtesco Motion Control, Inc.
South Korea Automotive Robotics Market Segmentation
The global South Korea Automotive Robotics Market can be segregated on the basis of product type, application, type, and region.
· On the basis of product type, the global automotive robots market can be classified into an articulated robot, SCARA robot, and Cartesian robot.
· On the basis of application, the global automotive robots market can be classified into stamping, gripping, welding, painting, assembly, and others.
· On the basis of type, the global automotive robots market can be classified into service, hardware, and software.
· On the basis of region, the global automotive robots market can be classified into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
Automotive Robotics Industry Updates
May 2020
UPS, an American company, has unveiled new warehouse network technology to make distribution centers. It uses autonomous mobile robots from Locus Robotics. UPS says the new Warehouse Execution System (WES) will allow faster order intake and fulfillment to assure that customers receive products within the time limit.
Geek+ Robotics has launched a pair of disinfection robots in the wake of Coronavirus pandemic. The company says the new robots are designed to help keep facilities free of germs and viruses, which may affect health. The robots operate automatically and avoid obstacles unmanned. They are designed to work 24/7 in all types of transportation stations, warehouses, offices, schools, stores, and hospitals.
Automotive Robotics Regional Analysis
The geographical analysis of North America, Asia-Pacific, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, North America dominates the global South Korea Automotive Robotics Market. There has been a sudden surge in the demand and adoption of robotics technology. The U.S. and Canada play a significant role in expanding the market. On the other hand, the European market is likely to exhibit a significant expansion due to the presence of established key players in the region.
The dominant player in the European market is Germany, France, Sweden, Italy, and the U.K. The APAC region is estimated to experience considerable expansion due to the growing automotive industries and rapid industrialization. India and China play an essential role in the regional market expansion due to their fast pace of development and willingness to adopt the latest technologies. Besides India and China, Japan also plays an important role and participates actively in market expansion. In RoW nations, the most significant markets are Saudi Arabia, Brazil, and followed by other countries.
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