The global Robotics System Integration Market is estimated to be valued at US$ 46 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Robotics System Integration Market involves system design, project management, calibration, safety integration, software integration, testing, process development and system installation of robotic systems. Robot system integrators enable companies to build automated production lines which improves productivity and reduces costs significantly.
Market key trends:
One of the major trends in the Robotics System Integration Market is growing demand for collaborative robots. Collaborative robots, also known as cobots, can work safely alongside human workers without the need for safety enclosures. They have the flexibility to be deployed across multiple workstations and can complete tasks like assembly, packaging, pick and place etc. Cobots enable small and medium enterprises to automate tasks at an affordable cost. They improve production efficiency while reducing costs associated with safety infrastructure around traditional industrial robots. Increasing adoption of cobots across industries like automotive, electronics and food & beverages is expected to drive the demand for robot system integrators over the forecast period.
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Market key trends:
One of the key trends in the robotics system integration market is the increasing adoption of collaborative robots or cobots. Cobots are designed to safely interact and work alongside humans in a shared workspace. They pose minimal risk to nearby workers and can perform various routine and repetitive tasks more efficiently compared to humans. The adoption of cobots allows companies to enhance productivity, reduce costs, ensure workplace safety, and address labor shortages. This rising demand for collaborative robots is expected to propel the growth of the robotics system integration market over the coming years.
SWOT Analysis
Strength: The robotics system integration market has strong growth potential owing to the increasing automation across various industries.
Weakness: High initial investment requirements for automating processes using robots can hinder the adoption, especially among small and medium enterprises.
Opportunity: Growing need for collaboration between humans and robots in industries such as automotive, electronics, and food & beverages offers lucrative opportunities for market players.
Threats: Technical issues and glitches associated with robots may disrupt workflows, thereby threatening the growth of the robotics system integration market.
Key Takeaways
The global robotics system integration market is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for automation from end-use industries.
The regional analysis indicates that Asia Pacific dominates the global robotics system integration market currently, owing to large presence of manufacturing plants in major countries like China, Japan, and South Korea. China dominates the Asia Pacific region due to strong manufacturing sector in the country.
Key players operating in the robotics system integration market are 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., Amtec Solutions Group, Inc.
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