Robot Software Global Market Report 2023
Major players in the robot software market are ABB Ltd., AIBrain Inc., Brain Corp, CloudMinds Technologies Inc., Energid Technologies Corporation, Furhat Robotics, H2O.ai Inc., IBM Corporation, Liquid Robotics Inc.
New York, April 06, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Robot Software Global Market Report 2023" - https://www.reportlinker.com/p06443923/?utm_source=GNW
, NVIDIA Corporation, Neurala Inc., Clearpath Robotics Inc., Oxbotica, Teradyne Inc., and Accenture PLC.
The global robot software market grew from $4.89 billion in 2022 to $6.33 billion in 2023 at a compound annual growth rate (CAGR) of 29.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robot software market is expected to grow to $18.22 billion in 2027 at a CAGR of 30.2%.
The robot software market includes revenues earned by entities by traditional industrial robots and collaborative robots used for offline programming, middleware, mobile robot planning, real-time path planning, and UAV (drone) control.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
Robot software refers to coded commands that are programmed to give instructions to robots to perform tasks by controlling their actions and movements.It enables the user to quickly program complex processes with intuitive desktop-style interfaces or icon-based graphical user interfaces.
This robot software is used for programming various industrial or service robots to perform numerous autonomous tasks.
North America was the largest region in the robot software market in 2022.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 and Africa.
The major software types in robot software are recognition software, data management and analysis software, communication management software, simulation software, and predictive maintenance software.Recognition software refers to coded commands that are programmed into devices to recognize particular actions.
The main robot types are industrial robots and service robots.The main enterprise sizes include large enterprises as well as small and medium-sized enterprises.
The major deployment models are on-premises and on-demand. The several industry verticals include manufacturing, healthcare, aerospace and defense, media and entertainment, logistics, and others.
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 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.
In April 2021, Accenture plc, an Ireland-based company operating in robot software, acquired Pollux for an undisclosed amount.Through this acquisition, Accenture PLC aims to strengthen its product portfolio in robot software that will expand its capabilities for clients in the consumer goods, pharmaceutical, and automotive industries.
Pollux is a Brazil-based company that designs robotic hardware and software.
The countries covered in the robot software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The robot software report is one of a series of new reports that provides robot software statistics, including robot software industry global market size, regional shares, competitors with a robot software share, detailed robot software segments, market trends and opportunities, and any further data you may need to thrive in the robot software industry. This robot software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
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