Press release
Mobile Robotics Software Global Market 2024 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033
Mobile Robotics Software Global Market
According to The Business Research Company's, The mobile robotics software market size has grown rapidly in recent years. It will grow from $14.61 billion in 2023 to $16.37 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to advancements in sensor technology, improvements in computing power, developments in artificial intelligence and machine learning, demand for automation and efficiency in various industries, and the need for safer and more flexible robotic systems.
The mobile robotics software market size is expected to see rapid growth in the next few years. It will grow to $26.01 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to proliferation of Internet of Things (IoT) technology, expansion of e-commerce and logistics sectors, increasing adoption of automation in manufacturing and healthcare, demand for autonomous vehicles and drones, and advancements in cloud computing and edge computing capabilities. Major trends in the forecast period include rise of collaborative robots (cobots), integration of artificial intelligence and machine learning for adaptive and predictive capabilities, expansion of autonomous mobile robots (AMRs) in logistics and warehousing, growth of service robots in healthcare and retail, and development of software solutions for swarm robotics and multi-robot coordination.
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Market Drivers and Trends:
The increasing demand for automation is expected to propel the growth of the mobile robotics software market going forward. Automation refers to using technologies to manufacture and provide goods and services with minimal human involvement. The demand for automation is rising across industries because it helps reduce operational costs by improving efficiency, reducing labor expenses, minimizing errors, and optimizing resource utilization. Mobile robotics software is a significant facilitator of automation, allowing firms to streamline processes, boost productivity, and remain competitive in today's fast-changing business market. For instance, in January 2022, according to the State of Process Automation Report 2022 by Camunda, a Germany-based open-source platform, more than four in five respondents (82%) among the 600 IT professionals surveyed from North America and Europe said that process automation is a greater priority for their organization than it was last year. Therefore, increasing demand for automation is driving the growth of the mobile robotics software market.
Major companies operating in the mobile robotics software market are focusing on developing technologically advanced solutions, such as plug-and-play integration software, to gain a competitive edge in the market. Plug-and-play integration software refers to software solutions that enable easy and seamless integration of different systems, devices, or software applications without requiring extensive configuration or customization. For instance, in March 2023, Barcodes Group, a US-based technology company providing products, software, and services, launched its latest autonomous mobile robotics (AMR) portfolio with plug-and-play integration software, offering intelligent automation solutions to businesses. This upgraded platform is tailored for various uses, spanning warehousing fulfillment to manufacturing, promising enhanced efficiency and speed with minimal cost or infrastructure modifications required. The portfolio includes a selection of 12 robot models, along with swift integration software, compatible fleet management software, and comprehensive deployment assistance.
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Major Key Players of the Market:
Lockheed Martin Corporation, ABB Ltd., Omron Corporation, KUKA Group, iRobot Corporation, Universal Robots AS, Brain Corp., Locus Robotics Corporation, Aethon Inc ., Fetch Robotics Inc., Liquid Robotics Inc., ROBOTIS Co. Ltd., SEER Robotics Corporation, Realtime Robotics Inc, Neurala Inc., Accelerated Dynamics X Ltd., EZ-Robot Inc., GeckoSystems International Corporation, Metrologic Group, RUVU Robotics Corporation, HG Robotics, Asimov Robotics Pvt. Ltd., Energid Technologies Corporation, iQuotient Robotics LLC, ZOUDA Studios Limited
Mobile Robotics Software Market 2024 Key Insights:
• The mobile robotics software market size is expected to see rapid growth in the next few years. It will grow to $26.01 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
• Increasing Demand For Automation Is Driving The Mobile Robotics Software Market
• Introducing Technologically Advanced Platforms For Enhanced Efficiency
• North America was the largest region in the mobile robotics software market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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