Robotics System Integration Market Poised to Take Off by 2025
On the basis of geography, global Robotics system integration market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds the dominant position in the global robotics system integration market and is projected to retain its dominance throughout the forecast period. The high R&D investment with US$ 14.3 billion in aerospace and defense in the U.S. in 2016 offers a growth opportunity to the robotics system integration market in North America region. In addition to this the Asia Pacific robotics system integration market is the fastest growing market. India and China are some of the major countries which fuel the Asia Pacific market. Due to increasing automotive and electronics industry in Asia pacific region fuels the robotics system integration market is Asia Pacific region.
Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/672
Integration is a method of programming and supplying industrial robots so that they can perform the task of manufacturing automatically. The key trend which fuel the robotics system integration market is increasing demand of application specific industrial robots. Due to presence of unskilled labors in various countries such as India, China and many more has increased the demand of application specific industrial robotics. In addition to this, the increasing demand of collaborative robot and high growth of the industrial robotics market also helps to fuel the global robotics system integration market. According to “International Federation of Robotics” 248,000 units robots are sold globally in 2015 up from 221,000 units in 2014.
Moreover, the increasing research and development investment in robotic industry for the innovation of next generation robots also become one of the key drivers for the growth of the global robotics system integration market. According to Coherent Market Insight, analysis the global R&D spending in robotic industry is US$ 91.5 billion in 2016 up from US$ 71 billion and is forecasted to reach up to US$ 188 billion in 2020. This increasing R&D spending in robotic industry also provides a swift growth to the global robotics system integration market.
Material handling application holds the dominant position in the global robotics system integration market and is projected to retain its dominance throughout the forecast period. This application is majorly influenced by increasing demand from various end users industries such as automotive, electronics and many more highly installing the automating process in there manufacturing units. In addition to this, the increasing production of automotive industry provides the growth opportunity to the global robotics system integration market. 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.
Key players of global robotics system integration market
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. are some of major companies of the global robotics system integration market.
Request For Table of Content of this Report : https://www.coherentmarketinsights.com/ongoing-insight/toc/672
You may be interested
Machine Learning-Based Smartphone App to Evaluate Parkinson’s SymptomsMohit Joshi - September 21, 2018
New smartphone app HopkinsPD, utilizes the smartphone's microphone, touchscreen, and accelerometer to examine patients for symptoms while they perform daily tasks Parkinson’s affects central nervous system of…
Myeloproliferative Neoplasms Treatment Market – Current Trends and Future Opportunities by 2026Albert R - September 20, 2018
Coherent Market Insights added Latest Research Report titled “Myeloproliferative Neoplasms Treatment Market Insights by Manufacturers, Growth, Trends, Regions, Product Type and Application, Geography, Forecast to 2026” to…