Robotics System Integration Market size is set to grow by USD 4.95 billion from 2024-2028, Increase in demand for cobots boost the market, Technavio

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  • Author(s): PR Newswire
  • Source:
    PR Newswire US. 06/06/2024.
  • Additional Information
    • Alternate Title:
      TECHANVIO-RoboticsMkt
    • Subject Terms:
      New York
    • Abstract:
      NEW YORK, June 6, 2024 /PRNewswire/ -- The global robotics system integration market size is estimated to grow by USD 4.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.59% during the forecast period. The global robotics system integration market is experiencing significant growth due to the increasing adoption of industrial robots in various industries, particularly in sectors with a shortage of skilled labor such as construction. SMEs represent a major opportunity for market expansion, as they require lighter and more affordable robots for short production runs. Cobots and similar robots are expected to be in high demand among SMEs, leading to increased adoption and driving the growth of regional robotics system integration markets. Additionally, sectors like logistics, agriculture, and government are also contributing to the market's growth during the forecast period. [ABSTRACT FROM PUBLISHER]