ROBOTICS SYSTEM INTEGRATION MARKET ANALYSIS

Market Challenges And Opportunities

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.

Market Drivers

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.