Robot Software Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
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- Status : Published
- Published on: July 2022
- Report ID: KDMI-7077
- Available Format: PDF/Excel/DOC
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Robot Software Market: Overview and Definition
The global robot software market size is projected to grow from USD 4.5 billion in 2021 to USD 52.3 billion by 2032, at a CAGR of 5.7% during the forecast period 2022-2032. Robot software is the set of coded instructions or commands that enables the electronic system or mechanical device, together referred as a robot, to perform certain autonomous tasks. Specifically, it is the coded commands that tells a robot what tasks to perform by controlling its movement and actions. These tasks or activities includes assembling products, surgical operations, space missions, detecting and defusing bombs, product inspection, cleaning, and household chores. With the help of such robots, human efforts needed to perform complex works becomes precise and simpler. Hence, rising number of companies are showing interest as well as are investing on robots and robot software due to their benefits.
It has become a crucial component of industrial robotic system and plays a core role to allow industrial robots to do operations along with the accurate functionalities. These robot software are being used in various industries such as manufacturing and logistics, to share data as well as to complete other automated tasks such as locating, pathfinding, and data filtering.
The robot software market includes software solutions used to control, program, and operate robots across various industries, such as manufacturing, healthcare, logistics, and agriculture. The market is expected to grow significantly due to increasing adoption of automation and robotics, technological advancements in artificial intelligence and machine learning, and the rising demand for industrial robots.
Robot Software Market: Key Drivers
The major drivers of the robot software market are:
Increasing adoption of automation and robotics across various industries to enhance productivity, efficiency, and quality of operations.
Advancements in artificial intelligence (AI) and machine learning (ML) technologies, which are enabling robots to learn and adapt to new situations, perform complex tasks, and work alongside humans.
Rising demand for industrial robots due to the growing need for precision, speed, and accuracy in manufacturing processes.
Growing demand for software solutions that can remotely monitor and control robots, reduce downtime, and enhance the overall performance of robotic systems.
Increasing investments by governments and private organizations in research and development of robotics and automation technologies.
Increasing awareness and adoption of collaborative robots, also known as cobots, that can work alongside humans, leading to safer and more efficient work environments.
Growing demand for service robots in healthcare, hospitality, and retail sectors, to provide assistance to customers and patients.
Top Impacting Factors
Various factors such as surge in adoption of Internet of Things (IoT) and artificial intelligence (AI) along with the increasing need to reduce costs while maintaining quality in the industrial sector primarily boosts growth of the robot software market. In addition to this, increase in demand for automation as well as safety in organizations along with the extensive adoption of robot software among the small and medium-sized enterprises (SMEs) to reduce energy as well as labor cost drives growth of the robot software market. Moreover, growing usage of robots in several industries such as manufacturing, electrical and electronics, food & beverage, and automotive positively impacts the growth of the market.
However, rise in malware attacks on the software and high implementation cost needed for robots and robot software is anticipated to hinder growth of the market during forecast period. On the contrary, rise in adoption of automation in pharmaceutical sector is projected to create lucrative growth opportunities for the market growth. The increasing implementation of robotics in pharmaceutical manufacturing helps in repeatability and reproducibility, while reducing human errors. In addition, the need for new drugs has pushed the demand for automated equipment to facilitate productivity.
Robot Software Market: Challenges
Some of the major challenges facing the robot software market are:
- High initial costs and complexity associated with deploying and integrating robotic systems and software solutions.
- Limited availability of skilled professionals who can develop and maintain robot software solutions.
- Cybersecurity risks associated with remotely controlling and monitoring robotic systems, and the potential for malicious attacks on robotic systems.
- Challenges in standardizing robot software platforms and interfaces, which can limit interoperability and hinder the development of collaborative robotic systems.
- Concerns over the potential impact of automation and robotics on employment, particularly in industries such as manufacturing and logistics.
- Limited flexibility of some robotic systems, which can make them less adaptable to changes in production processes and market demands.
- Lack of awareness and understanding of the benefits of robotic systems and software solutions in some industries and regions.
Robot Software Market: Report Scope
Base Year Market Size
Forecast Year Market Size
Robot Software Market: Segmentation
Global Robot Software market segmentation is based on the software type, robot type, enterprise size, industry vertical, and region. Based on the software type, the robot software market is segmented into recognition software, data management and analysis software, simulation software, communication management software, and predictive maintenance software. Based on the robot type, it is segregated into industrial robots and service robots. On the basis of enterprise size, the market is categorized into large enterprises and small & medium enterprises. According to the industry vertical, the market is divided into manufacturing, media & entertainment, healthcare, aerospace & defense, logistics and others. Based on the region, it is segregated into North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
Robot Software Market: Regional Synopsis
On the basis region, the global Robot Software Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Asia-Pacific accounted for the largest share in the Global Robot Software Market. Growth of this region is mainly attributed to presence of well-established manufacturing industries across the growing economies, such as China, India, Japan, Singapore, and South Korea which are stressing on innovating the existing solutions. In addition to this, the governments across these regions are offering easy loan facilities to SMEs and large enterprises, fueling growth of the robot software market.
Moreover, the Asia-Pacific followed by the Latin America is expected to grow at the highest growth rate during the forecast period. Growth of the LAMEA region is mainly driven by the rapid deployment of industrial robotic in a number of manufacturing factories.
Robot Software Market: Recent Developments
Some of the recent developments in the robot software market are:
- The increasing adoption of cloud-based robot software solutions, which enable remote monitoring, control, and data analytics of robotic systems.
- The development of software platforms and tools that simplify the programming and deployment of robotic systems, making them more accessible to small and medium-sized enterprises.
- The use of artificial intelligence and machine learning algorithms in robot software solutions, enabling robots to learn and adapt to new situations and tasks.
- The growth of the market for collaborative robots (cobots), which are designed to work alongside humans and require specialized software solutions.
- The development of robot software solutions for specific industries and use cases, such as logistics, healthcare, and agriculture.
- The integration of advanced sensors, vision systems, and other technologies into robot software solutions, enabling robots to perform more complex tasks and work more efficiently.
- The increasing adoption of open-source robot software platforms and communities, which are driving innovation and collaboration in the industry.
Robot Software Market: Key Players
- Furhat Robotics
- International Business Machines Corporation
- Brain Corporation
- AIbrain Inc
- CloudMinds Technology Inc
- Energid Technologies Corporation
- Liquid Robotics Inc
- NVIDIA Corporation
- ABB Ltd
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