Automotive Robotics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunit

The Automotive Robotics Market was estimated at USD 8.46 billion in 2022 and is likely to grow at a CAGR of 6.3% during 2023-2029 to reach USD 12.99 billion by 2029.

Market Dynamics:
The market growth was negatively affected by the COVID-19 pandemic, as leading companies paused their production operations due to the lockdowns imposed by governments worldwide in the first half of 2020. Nevertheless, the demand for new vehicles began to pick up momentum after the pandemic, thanks to government relaxations and policies put in place to restart production and meet the rising demand.