Assembly Automation Market Scope
Assembly automation is defined as the usage of the automated and mechanized device in order to numerous function in cell and assembly line. Numerous benefits of using assembly automation in the industry such as the ability to handle multiple tasks with reliability, better reliability, and profitability through higher production rate, labor savings, consistency of input and output and another benefit. It is widely used in the automation industry in order to handle multiple tasks. For instance, In June 2019, according to India Brand Equity Foundation, in India, automobile exports is expected to grow at a CAGR of more than 3.05% during 2016-2026. Hence, increasing usage assembly automation in the automobile industry and increasing usage of Assembly automation in various application such as automobile, 3C industry, and others are expected to be among the major growth drivers for the market over the forecast period
According to AMA, the Global Assembly Automation market is expected to see growth rate of 4.8%The assembly automation market appears to be highly fragmented and with the presence of several companies including Fanuc (Japan), ABB (Switzerland), The Yaskawa Electric Corporation (Japan), among othersThe Manufacturers having a strong hold in the market are Fanuc (Japan), ABB (Switzerland), The Yaskawa Electric Corporation (Japan), among others. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Assembly Automation market throughout the predicted period.
Fanuc (Japan), ABB (Switzerland), The Yaskawa Electric Corporation (Japan), Kuka (Germany), Hanwha Group (South Korea), Hirata (Japan), Thyssenkrupp AG (Germany), ATS Automation (United Kingdom), Velomat Assembly Automation (Italy) and Bastian Solutions (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Matrix Design, LLC (United States) and Eclipse Automation Inc. (Canada).
Segmentation Overview
The study have segmented the market of Global Assembly Automation market by Type (Robot Automation Equipment, Other Automation Equipment and Central control system), by Application (Automobile, 3C Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Assembly Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Growing Demand for Plant Automation in Order to Attain Superior Equipment Efficiency Worldwide
Market Growth Drivers:
A Rapidly increasing Demand for Fast Production Capacities of Products and Increasing Usage of Assembly Automation in Various Application such as Automobile, 3C Industry, among others
Challenges:
Issue related to Lack of Skilled Labor is Required Regarding the Proper Usage of Product
Restraints:
The problem regarding the Comparatively High Initial Cost of Assembly Automation Systems and Increasing Complexity of Industrial Automation Systems
Opportunities:
Rising Assembly Automation Market Opportunities in Asia-Pacific Countries such as China and India, Government Initiatives to Expand the Automobile Market across the World and Increasing Research & Technological Advancements in the Automation Industry
Market Leaders and their Expansionary Development Strategies
In September 2021,ATC Automation, owned by a TASI Group of Companies, has reached an agreement to acquire Dynamic Automation and Robotics, Simi Valley, CA . Dynamic has a solid history of serving customers in the custom automation and robotics market.
In April 2019, the Fanuc (Japan) Company has announced to use AI in order to make automation even more automated and it can be used during in assembly. Hence, it will strengthen the company presence in the assembly automation industry across the globe.
Key Target Audience
Manufacturers of Assembly Automation, Suppliers of Assembly Automation, Wholesalers, distributors and retailers of Assembly Automation, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.