Press release
Mobile Robotics Software Market 2024 Report: Key players are ABB, Aethon, ASIMOV Robotics, Fetch Robotics, Liquid Robotics, ROBOTIS
Mobile Robotics Software Market
The spectacular rise of mobile robotics software market has of late become a buzzing subject, with the extensive proliferation of automation in e-commerce and logistics application. The procedures with regard to logistics operation and inventory control have undergone a massive transformation over the recent years with mobile robotics standing as a major trend shaping the business landscape. The latest buzz grabbing all the light is the introduction of a fully automated mobile robot named The Swift brought forth by IAM Robotics, one of the leading giants in mobile robotics software industry.
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Considering the warehouse automation, automated guided vehicles or the AGVs have now long existed in the warehouse and manufacturing environments. However, with the innovations in domains such as artificial intelligence, sensors, and automation, it seems like AGV's were just the beginning. The rising demand from the online retail and e-commerce companies for efficient product delivery systems have stimulated the advancements in autonomous vehicles and drones. In consequence, unmanned aerial vehicles/commercial drones market being a leading product segment of mobile robotics software market, emerged as a lucrative business and is projected to grow at a CAGR of 19% over 2016-2023.
The governmental organization as well as the private entities across the globe are seen making rigorous efforts to unleash the potential of mobile robotics and increase the overall efficiency. North America is one of leading regions that witnesses remarkable demand for robots and automation. U.S. being a well-established region, is further anticipated to favor mobile robotics software market share, owing to the demand in wide spread domestic applications such as lawn floor and vacuum cleaning, lawn moving, etc. For the record, North America mobile robot software industry size stood at USD 430 million in 2016 and is further estimated to account for largest industry share of more than 30% over the coming seven years.
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China, Japan, and India are marked as lucrative regions for the industry growth, on account of increasing number of startups and rising investments in developing UAVs for agricultural application. Government support across these regions have induced immense potential for mobile robotics software market growth. For example, the Made in China 2025 initiative by the Chinese government has prompted several manufacturers in the country to adopt automation techniques and modernized robots on shop floors. Moreover, China's Guangdong province has decided to invest around USD 155 billion in installation of robots in various application arenas. Such provisions are forming a strong foundation for the regional mobile robots software market growth.
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