The global system integrator market is set for substantial growth, with anticipated expansion from $35.42 billion in 2022 to $37.71 billion in 2023, showcasing a robust compound annual growth rate (CAGR) of 6.5%. According to ResearchAndMarkets.com this positive trajectory is culminating in a market valuation of $48.06 billion by 2027. Industrial Robotics makes up a substantial part of this growth.
The increasing use of industrial robots in manufacturing is anticipated to drive the growth of the system integrator market. Industrial robots automate manufacturing operations, improving efficiency on moving assembly lines. An industrial robot system integrator evaluates manufacturing needs, delivers customized solutions, designs systems, and provides ongoing support. Automation solutions are driving demand for industrial robots in manufacturing.
For instance, in October 2022, the International Federation of Robotics reported a record-high installation of 517,385 new industrial robots worldwide in 2021, marking a 31% year-on-year increase and surpassing the pre-pandemic record set in 2018 by 22%. The global operational robot fleet has now exceeded 3.5 million units. This rising adoption of industrial robots is expected to propel the system integrator market.
The scope of system integrator technologies encompasses human-machine interface (HMI), supervisory control and data acquisition (SCADA), manufacturing execution systems (MES), functional safety systems, machine vision industrial, industrial robotics, industrial PCs, industrial internet of things (IIoT), machine condition monitoring, and plant asset management. System integrator services cater to various sectors, including IT and telecom, BFSI, healthcare, retail, manufacturing, energy and utilities, among others.
