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 integrating robotic components and control systems into complex customized automated production systems. This integration requires expertise in robot programming, system design and implementation. Robots deployed in such systems help reduce production cycle times and allow consistent high-quality production.
Market key trends:
One of the major trends driving the growth of the Robotics System Integration Market is the increasing adoption of cloud-based robotics. More organizations are moving their robotics infrastructure and programming tools to the cloud which helps reduce upfront investment and allows easier scalability. The cloud model provides flexibility to integrate new robotic applications more efficiently and helps update existing robotic fleet software seamlessly via the internet. This is expected to boost the demand for cloud-based robotics system integration services over the forecast period.
Segment Analysis
The robotics system integration market can be segmented by type, component, application, and region. By type, the distributed control system segment dominates the market as it helps to automate equipment and machinery, monitor processes, and control operations through remotely located programmable logic controllers (PLCs). By component, the solution segment holds the largest share of the robotics system integration market due to growing implementation of robotics solutions across industries. By application, the automotive industry segment leads the market since robotic system aids in enhancing productivity and assembly line efficiency in the automotive manufacturing process.
Key Takeaways
The global robotics system integration market is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing labor costs and growing demand for industrial automation.
Regional analysis – North America dominates the robotics system integration market currently due to high adoption of advanced technologies. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to rapid industrialization in countries such as China and India.
Market size – The global robotics system integration market size was valued at US$ 46 Bn in 2023.
Key players – 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, and Concept Systems Inc. Amtec Solutions Group, Inc. These players are focusing on offering innovative robotic system integration solutions to customers across regions to stay competitive in the market.
