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Robot Software Market SWOT Analysis, Industry Revenue, Growth Overview And Forecast Till 2033
Robot Software Market
Robot Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $23.05 billion In 2028 At A CAGR Of 30.0% :
The robot software market size has grown exponentially in recent years. It will grow from $6.23 billion in 2023 to $8.07 billion in 2024 at a compound annual growth rate (CAGR) of 29.6%. The growth in the historic period can be attributed to growth in industrial automation, increased use of robotics in manufacturing, advances in robot programming languages, adoption of collaborative robots (cobots), demand for robot simulation and visualization software.
The robot software market size is expected to see exponential growth in the next few years. It will grow to $23.05 billion in 2028 at a compound annual growth rate (CAGR) of 30.0%. The growth in the forecast period can be attributed to integration of artificial intelligence in robot software, expansion of robot operating systems (ros), adoption of cloud-based robot software, growth in service robotics and personal robots, increased use of robot software in healthcare and logistics. Major trends in the forecast period include simulation-based robot training, open-source robot software development, integration of augmented reality (ar) in robot software, focus on human-robot collaboration and interface design, real-time monitoring and remote control of robots.
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Robot Software Market Major Segments
The robot software market covered in this report is segmented -
1) By Software Type: Recognition Software, Data Management and Analysis Software, Communication Management Software, Simulation Software, Predictive Maintenance Software
2) By Robot Type: Industrial Robots, Service Robots
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By Deployment Model: On-Premises, On-Demand
5) By Industry Vertical: Manufacturing, Healthcare, Aerospace and Defense, Media and Entertainment, Logistics, Other Industry Verticals
Key Driver - The Automation Revolution, Smes Fueling Robot Software Market Expansion
The rapid adoption of robot software by small and medium enterprises (SMEs) is expected to propel the growth of the robot software market going forward. Small and medium enterprises refer to a company employing a medium number of people and having a small or intermediate capital investment portfolio. In recent years, many small-to-medium-sized enterprises are increasingly focusing on automation by adopting robots for their business operations to reduce labor and energy costs, which increases the need for robot software to program robots to carry out SME functions. For instance, in 2021, according to the HowToRobot.com study, in the next 3 years, robots will be a feasible option for more than 50% of small and medium enterprises (SMEs). Therefore, the rapid adoption of robot software by SMEs is driving the growth of te robot software market growth.
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Prominent Trend - Technological Advancement Drives Innovation In The Robot Software Market
Technological advancement is the key trend gaining popularity in the robot software market. Major companies operating in the robot software market are focused on developing technologically advanced products that could provide better solutions and strengthen their position in the market. For instance, in April 2022, ABB Robotics, a Switzerland-based company operating in robot software, launched High-Speed Alignment Software, an advanced robot software that works on Visual Serving technology for electronics assembly applications. Visual Serving technology uses image data as feedback to the robot system that operates in a closed external motion control loop to give higher accuracy in operation. This software uses one or more cameras along with a computer vision system to control the position of the robot's devices and increases working efficiencies, such as productivity by 70% and accuracy by 50% for electronics assembly applications.
Robot Software Market Players
Major companies operating in the robot software market report are Asea Brown Boveri, AIBrain Inc, Brain Corp, CloudMinds Technologies Inc, Energid Technologies Corporation, Furhat Robotics, H2O. ai Inc, IBM Corporation, Liquid Robotics Inc, NVIDIA Corporation, Neurala Inc, Clearpath Robotics Inc, Oxbotica, Teradyne Inc, RoboGroup T. E. K. Ltd., Fanuc Corp., Universal Robots, Rethink Robotics Inc., Hypertherm Inc., Denso Corporation, Bionic Robotics GmbH, Kawasaki Robotics Inc., Toshiba Machine Co. Ltd., Omron Corporation, Staubli International AG, KUKA Midea Group, Robotnik Automation S. L. L., Intelitek Inc., Yaskawa Electric Corp.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the robot software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robot software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robot Software Market Report Structure
3. Robot Software Market Trends And Strategies
4. Robot Software Market - Macro Economic Scenario
5. Robot Software Market Size And Growth
…..
27. Robot Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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