Seattle, WA -- (SBWire) -- 10/02/2019 --A method of programming and supplying industrial robots to automate manufacturing processes is called robotics system integration. Increasing demand for application specific industrial robots is a major factor propelling growth of the robotics system integration market. Moreover, lack of skilled labor in emerging economies such India and China is also expected to lead to high demand for application specific industrial robots. Increasing sale of industrial robots is another factor contributing to growth of the market. For instance, according to the International Federation of Robotics, 248,000 units robots are sold worldwide in 2015, up from 221,000 units in 2014.
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Key players in the market are focused on high investment in R&D of next generation robots. For instance, according to Coherent Market Insights' analysis, the global R&D spending in robotic industry was US$ 91.5 billion in 2016, up from US$ 71 billion and is expected to reach US$ 188 billion in 2020. Therefore, increasing R&D expenditure in the robotics industry is expected to contribute to growth of the global robotics system integration market.
Robotics system integration market taxonomy
On the basis of deployment model, the global robotics system integration market is classified into:
- On-premises model
- Cloud-based model
On the basis of end users, the global robotics system integration market is classified into:
- Healthcare
- Defense and security
- Aerospace
- Automotive
- Electronics
- Others
On the basis of application, the global robotics system integration market is classified into:
- Material handling
- Welding application
- Assembly line
Among applications, the material handling segment holds dominant position in the global robotics system integration market and is expected to retain its dominance throughout the forecast period. Increasing demand for process automation in manufacturing units from various end-use industries such as automotive and electronics is expected to boost growth of the segment. Moreover, increasing production in the automotive industry offers lucrative growth opportunities for the market players. According to Organisation Internationale des Constructeurs d'Automobiles, 94 million units of vehicles were sold globally in 2016 up from 89 million in 2015. China holds the largest share in vehicle sales market. In 2016, China automotive market sold 28 million units vehicle up from 24.6 million units in 2015.
Robotics system integration market outlook – North America accounts for the largest market share in the global robotics system integration market.
On the basis of region, the global robotics system integration market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds dominant position in the global robotics system integration market and is expected to retain its dominance throughout the forecast period. A R&D investment of US$ 14.3 billion in the aerospace and defense sector in the U.S. in 2016 offers lucrative growth opportunities for market players in the region.
The market in Asia Pacific is expected to witness the fastest growth over the forecast period. India and China are the major growth engines of the market, owing to growing automotive and electronics industries in the economies.
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Key players in the global robotics system integration market
Major players operating in the global robotics system integration market include, Dynamic Automation Solutions, Geku Automation, RobotWorx, Midwest Engineered Systems Inc., Van Hoecke Automation NV, FH Automation, Fitz-Thors Engineering, Inc., Mesh Engineering, TW Automation, Concept Systems Inc., and Amtec Solutions Group, Inc.
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Robotics System Integration Market Perspective by Comprehensive Analysis Growth Prediction to 2026