Posted on : February 19, 2019
Views : 1
Category : Technology
The market for robotics in the automotive sector is predicted to be worth almost $6 billion by 2024, according to a new research report by Global Market Insights.  Growth in the automobile industry is creating positive impact over the implementation of advanced products to meet the customer demand, says GMI. Improved focus of vendors on automation solutions to eliminate risk factors arising from labor will spur the demand for automotive robotics, the researcher adds.  Additionally, extensive usage of robotics will lead to reduction of labor costs and thereby increase original equipment manufacturers profitability. Necessity for better productivity and proper functioning of assembly lines in vehicle production has enhanced industry growth.