Robotics System Integration Market Analysis
Robotics System Integration Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
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.
Robotics system integration market taxonomy
On the basis of deployment model, the global robotics system integration market is classified into:
On the basis of end users, the global robotics system integration market is classified into:
On the basis of application, the global robotics system integration market is classified into:
On the basis of regions, the global robotics system integration market is classified into:
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.
Global Robotics System Integration Market Regional Outlook
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.
Global Robotics System Integration Market: Key players
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.
Global Robotics System Integration Market: Key Developments
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to: