The automotive robotics market size was valued at USD 12.20 billion in 2022, and is projected to reach USD 23.18 billion by 2030, with a CAGR of 8.0% during the forecast period, 2023–2030.
The automotive robotics market is experiencing growth due to the increasing use of self-driving cars and the need for advanced technologies to support their operations, although the high cost of installation and maintenance is expected to limit market growth. The rise of Industry 4.0 presents a promising opportunity for the market, particularly in the Asia-Pacific region, which dominates the global automotive robotics industry. Key players in the market include ABB, KUKA AG, and Fanuc Corporation, among others.