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Global Assembly Automation Market Growth (Status and Outlook) 2023-2029
Product Code:449118
Published Date: Feb 08,2023
Pages: 112
Region: Global
Category: Machinery & Equipment
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An assembly automation system is a dedicated system utilizing mechanized and automated devices for producing goods and performing various functions in an assembly line. Its basic functionality is an organized approach of assembling goods which is partly automated and partly controlled by humans. For this purpose, automated assembly system performs a series of automated operations for combining multiple components into a single unit which can be used as a final product or sub assembly. Generally, automated machinery is used to produce products in which standard components or parts are added in a definite sequence of events along what is commonly called an assembly lines. Automated assembly system forms an integral part of the process in many technical organizations, manufacturing industries, medical research, clinical companies, etc. Some of the advantages of assembly process from a conventional automation systems are in terms of labor savings, consistency of input and output, capability to handle multiple tasks so as to meet demands of a manufacturing process, better reliability and profitability through higher production rate. Assembly automation is the application of robotics, software, digitalized data, and plant design engineering to manufacturing processes in order to minimize manual labor requirements while maximizing efficiency, safety, and output. Advancements in industrial automation technologies such as artificial intelligence, machine vision, complex robotics and other controls are making automated assembly more flexible, efficient and rapid than ever before.
LPI (LP Information)' newest research report, the “Assembly Automation Industry Forecast” looks at past sales and reviews total world Assembly Automation sales in 2022, providing a comprehensive analysis by region and market sector of projected Assembly Automation sales for 2023 through 2029. With Assembly Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Assembly Automation industry.
This Insight Report provides a comprehensive analysis of the global Assembly Automation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Assembly Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Assembly Automation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Assembly Automation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Assembly Automation.
The global Assembly Automation market size is projected to grow from US$ 51580 million in 2022 to US$ 93820 million in 2029; it is expected to grow at a CAGR of 8.9% from 2023 to 2029.
Global Assembly Automation key players include ABB, FANUC, Siemens, etc. Global top three manufacturers hold a share about 14%. Asia Pacific is the largest market, with a share about 55%, followed by Europe and North America, both have a share over 41 percent. In terms of product, Robot Automation Equipment is the largest segment, with a share over 78%. And in terms of application, the largest application is Automobile, followed by 3C Industry, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Assembly Automation market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Robot Automation Equipment
Other Automation Equipment
Central Control System
Segmentation by application
Automobile
3C Industry
Metal Industry
Medical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
FANUC
Siemens
Yaskawa
Emerson
Kuka
Rockwell Automation
Dürr Group
Stäubli International
SCHUNK
Universal Robots
Epson
Estun Automation
CSG
Manz