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14.14% Growth Rate for AGV Software Market by 2023 | Top Technologies, Overview, Key Insights and Company Profiles

10-02-2019 05:23 PM CET | IT, New Media & Software

Press release from: ReportsandReports

14.14% Growth Rate for AGV Software Market by 2023 | Top

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The Global report titled “AGV Software Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

The AGV Software Market is expected to grow from US$ 540.2 Million in 2018 to US$ 1,046.4 Million by 2023, at a CAGR of 14.14% from 2018 to 2023.This report spread across 113 pages, profiling 10 companies and supported with 40 tables and 41 figures is now available in this research.

Top Companies profiled in the AGV Software Market:
• KION Group (Germany)
• KUKA (Germany)
• Toyota Industries (Japan)
• JBT Corporation (US)
• Oceaneering International (US)
• Kollmorgen (US)
• Murata Machinery (Japan)
• BA Systemes (France)
• Transbotics (US)
• Götting (Germany)

“Automotive industry accounted for the largest market share in 2017”
The automotive industry has been one of the key users of AGV technology. Factors such as transportation of heavy materials, growing after-sales spare parts market, increasing levels of customization in vehicles, and the need to ensure availability of components during vehicle manufacturing/assembling are driving the implementation of AGVs in the industry. An increasing installation of AGVs has also allowed several automotive companies to offset shortages of labor and costs associated with retaining them. With the growing demand for AGVs, the related software market is also growing.

“AGV software market in APAC to grow at the highest CAGR during the forecast period”
APAC is expected to register the highest CAGR globally during the forecast period owing to the region’s fast-growing e-commerce industry, booming manufacturing sector, and numerous planned installations of AGVs in emerging economies such as China and India. Moreover, governments in APAC countries are increasingly emphasizing on safety and security on production floors, which can be best achieved by the implementation of AGV systems.

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Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 20%, Tier 2 – 35%, and Tier 3 – 45%
• By Designation: C-Level Executives – 25%, Directors – 30%, andOthers– 45%
• By Region:North America – 27%, Europe – 42%, APAC – 25%, and RoW – 6%

Study Objectives:
• To analyze market opportunities for stakeholders and detail the competitive landscape of market leaders

• To define, describe, segment, and forecast the global AGV software market, in terms of value, based on offering, industry, and region

• To forecast the size of market segments with respect to 4 regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market’s growth

• To provide a detailed analysis of the value chain of the market

• To strategically profile key players and comprehensively analyze their market positions and core competencies

• To analyze growth strategies, such as contracts, joint ventures, mergers and acquisitions, product launches and developments, and R&D, implemented by AGV software market players

Target Audience for AGV Software Market:
• Professional Service/Solution Providers
• AGV/AGV Software Manufacturers and System Integrators
• Manufacturers of Sensors, Microcontrollers, RFID Modems, and Related Accessories
• End Users
• Standard Organizations and Regulatory Authorities Related to Materials Handling
• Research Institutes and Organizations
• Materials Handling Associations

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