Automotive Advanced Manufacturing Processes Market: Introduction
- An advanced manufacturing process is the use of innovative technologies to increase productivity of the automotive industry. Advanced manufacturing process includes adaptable manufacturing methods that are more efficient and responsible. In 2017, Ford Motor Company introduced an advanced manufacturing organization to identify manufacturing issues with the help of virtual and augmented reality technologies. This is likely to boost the automotive advanced manufacturing processes market across the globe.
Key Drivers of Automotive Advanced Manufacturing Processes Market
- Introduction to newer designs in the automotive industry where high quality and advanced manufacturing technologies are required is likely to boost the automotive advanced manufacturing processes market across the globe. Growing integration of software in manufacturing processes to enhance productivity with high quality is likely to boost the automotive advanced manufacturing processes market across the globe. Major original equipment manufacturers are employing additive manufacturing (AM) technology, also known as 3D printing, to produce component prototypes. This unique manufacturing process helps rapidly produce prototype parts, as compared to that produced by traditional manufacturing processes. This is anticipated to fuel the automotive advanced manufacturing processes market across the globe.
- Growing awareness about Internet of Things (IoT) in the field of manufacturing to enhance productivity with the help of robots is likely to propel the automotive advanced manufacturing processes market across the globe. Introduction to Industry 4.0 where connected machines communicate with each other and the human operator, which helps to identify an issue if it exists, is projected to drive the automotive advanced manufacturing processes market across the globe. Major vehicle manufacturers are utilizing virtual and augmented reality to identify manufacturing issues, which is likely to further boost the automotive advanced manufacturing processes market across the globe.
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Europe & Asia Pacific to hold significant share of global Automotive Advanced Manufacturing Processes Market
- Europe is projected to account for a major share of the global automotive advanced manufacturing processes market due to rapid expansion of industries across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Robert Bosch GmbH, Siemens AG and IFM electronic who have major facilities that provide advanced manufacturing process methods and solutions, which in turn is likely to propel the automotive advanced manufacturing processes market across the globe.
- Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive advanced manufacturing processes market due to an increase in production of automotive across the region. Presence of major automotive parts manufacturing industries across China, India, and Japan who employ advanced manufacturing technologies, is anticipated to propel the automotive advanced manufacturing processes market in Asia Pacific.
Key Players Operating in Automotive Advanced Manufacturing Processes Market
The automotive advanced manufacturing processes market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive advanced manufacturing processes market are:
- 3D Systems Corporation
- Proto Labs Inc.
- Ford Motor Company
- FARO Technologies Inc.
- Robert Bosch GmbH
- Materialise NV
- The ExOne Co.
- SPI Lasers Limited
- General Electric
- Siemens AG
- IFM Electronics
- Opel Manufacturing
- Nexteer Automotive
- Eaton Automotive Systems
- FANUC America Corporation
- Stratasys Limited
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Global Automotive Advanced Manufacturing Processes Market: Research Scope
Global Automotive Advanced Manufacturing Processes Market, by Technologies
- Augmented Reality
- Virtual Reality
- 3D Printing
- Internet of Things(IOT)
Global Automotive Advanced Manufacturing Processes Market, by End-use
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