Showing posts with label Worldwide Robotics Software Market. Show all posts
Showing posts with label Worldwide Robotics Software Market. Show all posts

Monday, December 12, 2022

Global Robotics Software Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

The Global Robotics Software Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) and is expected to reach approximately US$ 15 billion by 2028.

Global Robotics Software Market

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Key Growth Drivers

  • The investment in various countries by the governments and the high adoption of Robotics Software in various end-user industries is positively impacting the market growth.
  • Developed markets such as European regions and developing markets such as the Asia-Pacific region are witnessing huge investments by start-ups, and existing large players and governments which are driving the market growth.
  • Concerns about data privacy and malware attacks along with the high costs associated with the implementation of industrial robots and robotics software are factors that act as constraints for market growth.
  • Increasing cyber-attacks and robot crimes are major hindrances to the market’s growth. These factors are still a major concern for some end-user industries which are worried by data theft and hence they are taking a cautious approach when it comes to the adoption of robotic software.
  • The COVID-19 outbreak had a positive impact on the demand for Robotics Software as various companies installed robots to disinfect factory areas as well as it helped them to deliver food to their customers without risking any health-related issues during the pandemic for their employees.

Key Trends by Market Segment

By Software Type: The Recognition Software segment held the largest market share in the Global Robotics Software Market in 2021.

The recognition software in the robots enables them with cognitive ability. This software is integrated behind the robots and helps them to identify an object and give its response accordingly.

Global Robotics Software Sector

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By Robot Type: The Industrial Robots segment held the larger share of the Global Robotics Software Market in 2021.

  • The significant growth in demand for industrial robots can be attributed to the fact that they can perform dangerous tasks repeatedly with more accuracy than human beings and have a longer life span to perform such tasks.
  • These robots also help companies in achieving higher operational efficiency and lowering labor costs which are encouraging more and more organizations to install these robots.
  • According to data provided by the International Federation of Robotics, a total of 3.5 million industrial robots have been installed worldwide by 2021 with a growth rate of 15% from 2020 and a CAGR of 14% for the five-year period 2016-2021.

By Deployment Mode: The On-Demand segment held the larger share of the Global Robotics Software Market in 2021.

  • The on-demand deployment mode or the cloud-based deployment mode is more adopted because it is a cost-effective method by which the companies are able to save a lot of costs related to data, personnel, software, hardware, and maintenance.

By Enterprise Size: The Large Enterprises segment held the larger share of the Global Robotics Software Market in 2021.

  • The covid-19 pandemic made a lot of large enterprises make changes in their manufacturing facilities and deployed automated robots to mitigate any such risks in the future. Also, as the investment costs are a bit high so large enterprises have been quicker to adapt to such models faster than their small and medium enterprise counterparts.

By End-user: The Manufacturing segment held the larger share of the Global Robotics Software Market in 2021.

  • The rising need for the adoption of automation, shortage of labor for factories, and robot simulation software that is making robotic automation a feasible option for the sector aided by the necessity to complete repetitive hazardous tasks more accurately & safely are the major factors for this segment to dominate the market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Robotics Software Market.

  • Asia-Pacific region has some established manufacturing markets in countries such as China, Japan, and South Korea. These countries have been very bullish on innovating and modernizing their existing manufacturing facilities which have seen the large-scale installation of industrial robots.

The region is also seeing increasing investments by the governments and many start-ups in robotics software of some countries such as China, India, and Thailand which is going to help the region maintain its dominant position during the forecast period.

Global Robotics Software Industry

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Competitive Landscape

The Global Robotics Software Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.

Approximately, the large global players constitute 5%, the regional players 35%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include ABB Ltd., Clearpath Robotics, NVIDIA Corporation, CloudMinds Technology, Inc., Liquid Robotics, Inc., Brain Corporation, AIBrain, Inc., Furhat Corporation, Neurala, Inc. and IBM Corporation among others.

Global Robot Software Market

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Recent Developments Related to Major and Emerging Companies

  • In December 2020, ABB launched its Wizard Easy Programming software for industrial robots which does not require any special programming skills and rapid code knowledge. With this software, a robot can be made up and running within a few minutes and it allows error handling such as collisions which can be even managed by an amateur programmer.
  • In March 2022, Nvidia Corp. launched the Nvidia Jetson AGX Orin developer kit. This is an artificial intelligence supercomputer that is compact, energy-efficient, and targeted towards power autonomous machines and robots. These also help robots to identify, avoid and navigate through obstacles that a robot finds in their pathway.
  • In November 2022, Brain Corp launched the next generation BrainOS® autonomy platform for autonomous commercial robots. The company has partnered with Flex to deploy its new robotic solutions with an initial focus on retail sector and later rolling out the same to the other commercial sectors.

Conclusion

The Global Robotics Software Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include demand from end-user industries, growing installation of industrial robots for manufacturing set-ups, adoption of emerging technologies such as the Industrial Internet of Things (IIoT), and growing investments by countries as well as start-ups. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Robotics Software Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions’ Robotics Software Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Software Type
  • Recognition Software
  • Simulation Software
  • Predictive Maintenance Software
  • Data Management and Analysis Software
  • Communication Management Software
By Robot Type
  • Industrial Robots
  • Service Robots
By Deployment Mode
  • On-Premise
  • On-Demand
By Enterprise Size
  • Small and Medium Enterprises
  • Large Enterprises
By End User
  • Automotive
  • Retail and E-commerce
  • Government and Defense
  • Healthcare
  • Transportation and Logistics
  • Manufacturing
  • IT and Telecommunications
  • Others
By Geography
  • North America (USA, Canada, and Mexico)
  • Europe (Germany, UK, France, Spain, and Italy)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
  • LAMEA (Latin America, Middle East, and Africa)
Key Players
  • ABB Ltd.
  • Clearpath Robotics
  • NVIDIA Corporation
  • CloudMinds Technology, Inc.
  • Liquid Robotics, Inc.
  • Brain Corporation
  • AIBrain, Inc.
  • Furhat Corporation
  • Neurala, Inc.
  • IBM Corporation

 

Wednesday, November 16, 2022

3 Key Insights on Competitive Landscape in the Global Robotics Software Market: Ken Research

Global Players and Regional Players hold ~40% and ~35% of the market revenue share respectively Despite the Presence of about ~500 Competitors, find a Recent Market Study on the Global Robotics Software Market

Robotics Software is the set of inputs given as a program to the robot to get a specific task done at the desired output level. This software is used to automate processes, improve operational efficiency, lower operational risks and costs as well as improve internal processes. It enables the robots to function safely with intelligence and productively.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Large Global Players Hold Around 45%, Followed by Regional Players Holding ~30% of the Market Revenue Share

A comprehensive competitive analysis conducted during the Research Study found that the Global Robotics Software Market is competitive with ~500 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

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According to the research, the Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share.

Top Robotics Software Companies

2. Players are Increasingly Investing in the Robotics Software Industry which is Promoting Market Growth.

To increase their position in the market, competitors have implemented a variety of organic and inorganic growth techniques. To expand their regional footprint and improve their product offering, these top players used mergers and acquisitions, new product development, and expansion to address the rising demand for Robotics.

  • In January 2022, Furhat Robotics, a Swedish company that developed the humanoid social robot “Furhat” acquired Misty Robotics, a U.S.-based company engaged in creating social robots for developers for an undisclosed amount. The acquisition will help the company to enhance its presence in social robotics and develop state-of-the-art human interfaces.

Worldwide Robotics Software Market

3. Increased Focus by Governments and Adoption of Robotics Software in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

  • China is already an emerging global power in the global robotics market and the government has ambitious plans to develop the industry further with a targeted CAGR of 20% during the period 2021-2025. In December 2021, the Ministry of Industry and Information Technology (MIIT) of the government of China, released a detailed five-year plan which includes the country’s plan to become a source of innovation in the robotics industry, make progress in core robotics technology, and develop much-advanced robotics products & solutions. As per the plan, the country plans to have 500 smart manufacturing plants and 150 smart manufacturing solution providers by the year 2025.

In July 2021, ABB acquired ASTI Mobile Robotics Group, a key player in the rapidly growing Autonomous Mobile Robot (AMR) market which also had a portfolio of vehicles and software that supported all major applications. With this acquisition, ABB aimed to enhance its capabilities in flexible automation and offer next generation solutions.

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Key Topics Covered in the Report

  • Snapshot of the Global Robotics Software Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Robotics Software Market
  • Historic Growth of the Overall Global Robotics Software Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Robotics Software Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Robotics Software Market
  • Future Market Forecast and Growth Rates of the Total Global Robotics Software Market and by Segments
  • Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of the Robotics Software Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the report

  • ABB Ltd.
  • Clearpath Robotics
  • NVIDIA Corporation
  • CloudMinds Technology, Inc.
  • Liquid Robotics, Inc.
  • Brain Corporation
  • AIBrain, Inc.
  • Furhat Corporation
  • Neurala, Inc.
  • IBM Corporation

Notable Emerging Companies Mentioned in the Report

  • Realtime Robotics, Inc.
  • HAL Robotics
  • Vyorius
  • Quale Infotech
  • Anscer Robotics

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Robot Manufacturers
  • Robotics Software Developers
  • Software and Application Developers for Robotics Industry
  • Third-party Service and Maintenance Providers
  • Investors and Venture Capitalists in the Robot and Robotic Software Industry
  • Market Research & Consulting Firms
  • Start-ups & Incumbents in Robotics Industry
  • Company Research and Development Institutes
  • Government & Regulatory Authorities
  • Commercial and Industrial Robots Manufacturers
  • Commercial and Industrial Robots Product Assemblers
  • Commercial and Industrial Robots Component suppliers
  • Raw Material Suppliers for Commercial and Industrial Robots
  • Potential Investors in Commercial and Industrial Robots Companies
  • Value Added Resellers of Robots
  • Industrial OEMs of Commercial and Industrial Robots
  • Industrial Automation Solutions Providers
  • Robotics Industry Associations
  • Robotics Research Groups
  • Government Ministries of Electronics
  • Government Ministries of Heavy Industries
  • Regulatory Organizations for Robots

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

Global Robotics Software Market: Ken Research

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