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Mobile Robotics Software Market to surpass USD 3.5
Billion by 2024: Global Market Insights Inc.
North America mobile robotics software market is anticipated to account for largest
industry share of over 36% over the coming years owing to high implementation of
the product in U.S. Well established market has strengthened the penetration in the
region. Mobile Robotics Software Market size is estimated to surpass USD 3.5 billion
by 2024; according to a new research report by Global Market Insights, Inc.
Technological advancements focused towards improving the environment safety
while working with robots is stimulating the demand for mobile robotics software
market share over the forecast timeline. The building blocks of robot such as
sensors, 3D printing, AI software and open source robotic operating systems (ROS)
improves the human machine interaction. These technologies facilitate improved
work safety for humans working around robots.
Favorable government norms and increasing investments from robotic
manufacturers will support the demand for software solutions for customized
applications during the study period. Cost reduction in hardware component is
achieved due to emergence of high quality, low cost sensors and other electronic
parts. Availability of low cost hardware resulting in burgeoning number of startups
based on mobile robotic technology.
The increasing demand from applications such as commercial UAVs, portable
vacuum cleaners, delivery robots and telepresence robots will escalate the demand
for software solutions.
Ground mobile robotics software market size was valued over USD 500 million in
2016 and is expected to continue its dominance during the forecast period.
Increasing use of these robots in defense and security application will support growth
for this product in coming years.
Aerial robots or unmanned aerial vehicle market is projected to show highest CAGR
of 19% owing to rising demand from logistics, and agriculture sectors. Increasing
number of agriculture drones supported by government funding & subsidiaries will
drive software industry during the forecast period.
UAVs reduce product delivery time for these companies that results in increased
efficiency and higher profits. Increasing investment in startups for developing
commercial drones is expected to boost the UAV market. For instance, in 2016,
Precision Hawk raised USD 19 million from venture funding to focus their efforts
towards UAVs for commercial purpose.
U.S. Mobile Robotics Software Market Size, By Product, 2013 – 2024 (USD
Professional applications will account for more than more 70% of total revenue in
2016 owing to increasing demand from healthcare and defense sectors. Integrating
robots with navigation control software will attribute to the growth of mobile robotics
software market in healthcare applications.
Growth in logistics application can be credited to rising demand for robotic
management system for warehouse management. Investment from E-commerce
companies for developing autonomous robots for warehouse management systems
will drive the demand for industry. For instance, Amazon purchased Kiva systems to
include mobile robots in their warehouses.
In 2016, North America mobile robotics software market size was valued over USD
430 million. The robust growth in region is attributed to high penetration of robots in
U.S. The demand will escalate owing to increasing use of robots for household
applications such floor & vacuum cleaning and lawn moving.
APAC market will exhibit highest CAGR over 19% during the forecast period
supported by rising awareness about mobile robotics. Regional growth is attributed
to increasing investment in developing UAVs for agricultural applications and rising
number of startups in these countries. Rising disposable income and increasing
electronic product in countries such as India and China will strengthen the
penetration of mobile robotics software in Asia Pacific region.
Mobile robotics software market is consolidated with few players contributing to more
than 50% of the market share. Strategic alliance and geographical expansion are the
major strategies adopted by the competitors. For instance, in 2017 Universal Robots
opened new offices in India and Germany to increase their geographical presence.
Segmentation of Mobile Robotics Software Market:
Mobile robotics software market research report includes in-depth coverage of the
industry with estimates & forecast in terms of revenue in USD Million from 2013 to
2024, for the following segments:
Mobile Robotics Software Market by Product
Mobile Robotics Software Market by Application
• Inspection & maintenance
The above information is provided on a regional basis for the following:
Middle East & Africa
• Saudi Africa
Browse Related Report:
Automotive Robotics Market Size By Product (Articulated, Cartesian, SCARA,
Parallel, Cylindrical), By Component (Hardware [Controllers, Arms, End Effector,
Drive, And Sensor], Software & Services), By Application (Welding, Assembly,
Processing, Handling Operations, Paint & Dispense), Industry Analysis Report,
Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, France, Spain,
Sweden, Denmark, Belgium, China, India, Japan, South Korea, Australia, Singapore,
Thailand, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa), Application
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.
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Global Market Insights, Inc.
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