LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global robotics system integration market to grow to USD 3,310.8 million by 2021, at a CAGR of close to 12% over the forecast period, according to their latest report.
The research study by Technavio on the global robotics system integration market for 2017-2021 provides a detailed industry analysis based on the application (material handling, welding, and assembly line) and geography (the Americas, EMEA, and APAC).
The Americas is the leading regional segment of the robotics system integration market, projected to generate both the highest revenue and the maximum incremental growth over the forecast period. The use of robotics in both discrete and process industries in the US is pushing market vendors to increase their productivity, thereby driving its growth.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global robotics system integration market:
- High growth of the industrial robotics market
- Increase in demand for co-bots
- Technological innovations in robotics system integration
High growth of the industrial robotics market
“Technological advancements in robotic science is expected to cause swift adoption of system integration robotics in industries to automate their manual processes and increase their production efficiency and optimize costs,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for robotics research.
Rapid changes in market dynamics and intense competition among vendors is causing a surge in the adoption of technologies such as automation and robotics, which can optimize production procedures and reduce reliance on heavy automation and manual labor. Integrated robotic systems are proficient in various applications such as welding and soldering, painting, assembly and disassembly, cutting, milling, and other functions.
Increase in demand for co-bots
A collaborative robot, or a co-bot, is a robot that works collaboratively with humans without physical separation. These co-bots, apart from enhancing safety, also possess properties such as compactness, light weight and dexterity, integrated sensors, and vision systems. Co-bots will witness major applications in ergonomically challenging tasks in automotive, aerospace, and manufacturing sectors. With the increase in adoption of co-bots, robot system integrators will see lucrative business opportunities, especially from small, fast-growing companies with budget constraints.
Technological innovations in robotics system integration
“Vendors in the market are focusing on the development of simulation software for programming robots that are up-to-date and include features that make customization of the programming environment,” says Raghav.
ABB, one of the market vendors, offers a software development kit that can be used for developing add-ons for its simulation and programming tool RobotStudio and its control software RobotWare. To ensure greater flexibility and convenience in the programming of industrial robots, vendors allow that other OEMs and system integrators use their native proprietary software to program robot controllers.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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