Press release
Mobile Robotics Software Market: Key vendors are ABB, Aethon, Omron Adept Technologies, Brain Corp., SeeByte, KUKA Ag, Fetch Robotics, RE2, Geckosystems Intl. Corp., iRobot Corporation, Accelerated Dynamics, Liquid robotics, Lockheed Martin, Locus Robotic
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Aerial robots or unmanned aerial vehicle market is projected to show highest CAGR of 19% owing to rising demand from logistics, and agriculture sectors. Increasing number of agriculture drones supported by government funding & subsidiaries will drive software industry during the forecast period.
UAVs reduce product delivery time for these companies that results in increased efficiency and higher profits. Increasing investment in startups for developing commercial drones is expected to boost the UAV market. For instance, in 2016, Precision Hawk raised USD 19 million from venture funding to focus their efforts towards UAVs for commercial purpose.
Technological advancements focused towards improving the environment safety while working with robots is stimulating the demand for mobile robotics software market share over the forecast timeline. The building blocks of robot such as sensors, 3D printing, AI software and open source robotic operating systems (ROS) improves the human machine interaction. These technologies facilitate improved work safety for humans working around robots.
Favorable government norms and increasing investments from robotic manufacturers will support the demand for software solutions for customized applications during the study period. Cost reduction in hardware component is achieved due to emergence of high quality, low cost sensors and other electronic parts. Availability of low cost hardware resulting in burgeoning number of startups based on mobile robotic technology.
The increasing demand from applications such as commercial UAVs, portable vacuum cleaners, delivery robots and telepresence robots will escalate the demand for software solutions.
Professional applications will account for more than more 70% of total revenue in 2016 owing to increasing demand from healthcare and defense sectors. Integrating robots with navigation control software will attribute to the growth of mobile robotics software market in healthcare applications.
Growth in logistics application can be credited to rising demand for robotic management system for warehouse management. Investment from E-commerce companies for developing autonomous robots for warehouse management systems will drive the demand for industry. For instance, Amazon purchased Kiva systems to include mobile robots in their warehouses.
In 2016, North America mobile robotics software market size was valued over USD 430 million. The robust growth in region is attributed to high penetration of robots in U.S. The demand will escalate owing to increasing use of robots for household applications such floor & vacuum cleaning and lawn moving.
APAC market will exhibit highest CAGR over 19% during the forecast period supported by rising awareness about mobile robotics. Regional growth is attributed to increasing investment in developing UAVs for agricultural applications and rising number of startups in these countries. Rising disposable income and increasing electronic product in countries such as India and China will strengthen the penetration of mobile robotics software in Asia Pacific region.
Mobile robotics software market is consolidated with few players contributing to more than 50% of the market share. Strategic alliance and geographical expansion are the major strategies adopted by the competitors. For instance, in 2017 Universal Robots opened new offices in India and Germany to increase their geographical presence.
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Partial Chapter of the Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Mobile robotics software industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Mobile Robotics Software Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.7. Growth potential analysis
3.7.1. Business models
3.8. Porter's analysis
3.8.1. Supplier power
3.8.2. Buyer power
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Internal rivalry
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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