Published on : May 31, 2017
Albany, New York, May 31, 2017: The report presents detailed projections regarding the growth trajectory of the robotics system integration market from 2017 to 2021. The historical development pattern exhibited by various components of the market is studied and the 2016 figures for the same are provided in the report. This provides a solid factual foundation for 2017-2021 forecasts regarding the robotics system integration market. The report is titled ‘Global Robotics System Integration Market 2017-2021.’
Robotics system integration systems deal with the readying of robotics systems according to a predefined design. This includes programming and outfitting the robots to make them perfectly suited for the operation in question. This also includes providing estimations regarding the repair and maintenance needs of the robotic elements. Robotics system integration is crucial in connecting the entire manufacturing assembly, including peripherals and other manufacturing machinery, into a single coordinated unit. The cost, reliability, and efficiency benefits brought about by the use of robotics system integration is likely to drive the demand for the same from the global market in the coming years. According to the report, the global robotics system integration market is expected to exhibit a CAGR of 11.93% between 2017 and 2021.
The rising demand for industrial robotics systems is a key driver for the global robotics system integration market. The rising demand for capacity expansion, entailed by the constant pricing pressures, has resulted in many manufacturing sectors opting to install robotic systems in order to improve and increase their output. The rapid rise of the manufacturing sector in developing countries such as China, Taiwan, South Korea, and India is thus expected to be a major driver for the global robotics system integration market in the coming years. The rising private and public investment in the manufacturing sector in developing economies is vital for the robotics system integration market, in light of the key restraint on the market.
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The global robotics system integration market is hamstrung by the high costs of the equipment, necessitated by their high technological sophistication. While the rising investment in the manufacturing sector is likely to be a major relief against this restraint in the coming years, the growth of the robotics system integration market is still constrained by the inability of some market players to adopt progressive technological advances.
Nevertheless, the global robotics system integration market could get a vital reprieve due to the rising demand for application-specific robotic systems. While the costs of producing application-specific systems are higher, their rising demand in a variety of sectors could help the market post strong growth figures in the coming years.
North America and Europe are likely to remain the leading regional segments of the robotics system integration market in the coming years in spite of the rising manufacturing sector in developing countries. The prosperity of countries in these highly developed regions has led to widespread adoption of robotic systems in the manufacturing sector, which will ease the adoption of robotic system integration systems.
The leading players in the global robotics system integration market include United Robotics, Wolf Robotics, Phoenix Control Systems, FH Automation, Dynamic Automation, RobotWorx, Amtec Solutions Group, Peak Robotics, Evomatic AB, Midwest Engineered Systems, and Geku Automation.
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