Press release
Robot Software Market Anticipated To Witness Robust Growth, Surpassing $30.55 Billion By 2029
Robot Software Market Share Market Share
What Is the Current Robot Software Market Size and Its Estimated Growth Rate?
The dimensions of the robot software market have been expanding rapidly in the last few years. It is anticipated to escalate from $7.92 billion in 2024 to $10.17 billion in 2025, with a compound annual growth rate (CAGR) of 28.4%. The surge during the historical time frame is due to the expansion of industrial automation, higher usage of robotics in manufacturing, improvements in robot programming languages, the adoption of cooperative robots or cobots, and the rising demand for robot simulation and visualization software.
In the impending years, the robot software market size is anticipated to witness a tremendous escalation. It is projected to expand to $30.55 billion by 2029, displaying a compound annual growth rate (CAGR) of 31.6%. This expected growth during the forecast period can be credited to the incorporation of artificial intelligence in robot software, widening of robot operating systems, adoption of robot software via cloud, escalating service robotics and personal robots, along with a surge in robot software usage in healthcare and logistics spheres. The forecast period is also brimming with key trends like robot training through simulations, the rise of open-source robot software development, the integration of augmented reality (AR) in robot software, the focus on enhancing human-robot collaboration and interface design, and the evolving tendency towards real-time monitoring and remote controlling of robots.
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How Are Emerging Segments Shaping the Robot Software Market Landscape?
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
Subsegments:
1) By Recognition Software: Image Recognition Software, Speech Recognition Software, Object Detection Software
2) By Data Management And Analysis Software: Data Storage Solutions, Data Processing Software, Analytics And Reporting Tools
3) By Communication Management Software: Robot-To-Robot Communication Software, Human-Robot Interaction Software, Network Management Solutions
4) By Simulation Software: 3D Simulation Tools, Virtual Environment Development Software, Testing And Validation Software
5) By Predictive Maintenance Software: Condition Monitoring Tools, Failure Prediction Software, Maintenance Scheduling Software
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Which Growth Factors Are Influencing Robot Software Market Expansion?
The accelerated integration of robotic software by small and medium-sized businesses (SMEs) is anticipated to trigger the expansion of the robot software industry in the near future. SMEs typically refer to businesses with a moderate workforce size and a small to medium scale capital investment portfolio. Lately, an increasing number of these businesses have been emphasizing automation by implementing robots into their operations in order to cut down on labor and energy costs. This consequently amplifies the demand for robot software, which is required to program these robots to perform various SME tasks. For example, as per data from Eurostat, a government agency based in Luxembourg, in 2023, the use of AI technologies amongst large enterprises was at 30.4%, an increase from the 28.4% usage in 2021. As a result, the swift uptake of robot software by SMEs is fueling the growth of the robot software industry.
Who Are the Dominant Players Across Different Robot Software Market Segments?
Major companies operating in the robot software market include 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, accenture* PLC, 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.
What Are the Latest Developing Trends in the Robot Software Market?
The primary trend growing in prominence within the robot software market is technological innovation. To offer superior solutions and fortify their market position, major enterprises within this market space are concentrating on the creation of technologically superior products. Take for example, ABB Robotics, a Switzerland-based firm engaged in robot software, inaugurated its High-Speed Alignment Software, a cutting-edge robot software in April 2022. Utilizing Visual Serving technology, this software caters to electronics assembly applications. This technology employs image data feedback in a robot system operating within a closed external motion control loop, resulting in markedly improved accuracy. By incorporating one or more cameras in conjunction with a computer vision system, the software can control the position of the robot's devices, thereby elevating work efficiencies such as enhancing productivity by 70% and increasing accuracy by 50% in electronics assembly applications.
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Which Geographic Regions Are Expected to Dominate the Robot Software Market in the Coming Years?
North America was the largest region in the robot software market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Robot Software Market?
2. What is the CAGR expected in the Robot Software Market?
3. What Are the Key Innovations Transforming the Robot Software Industry?
4. Which Region Is Leading the Robot Software Market?
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