Robot Software Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 19.92 Billion |
| Market Size (2029) | USD 53 Billion |
| CAGR (2024 - 2029) | 21.62 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Robot Software Market Analysis
The Robot Software Market size is estimated at USD 19.92 billion in 2024, and is expected to reach USD 53 billion by 2029, growing at a CAGR of 21.62% during the forecast period (2024-2029).
Robot software enables functions for intelligence, motion, safety, and productivity and gives the power to get the robots to see, feel, learn, and maintain security. These characteristics and benefits allow users to instantly and easily get their robots up and running at optimum productivity.
- The major factors driving the robot software market are the adoption of artificial intelligence, enhanced speed, improved quality, reduced labor cost, increased accuracy, and production scalability.
- Rising adoption of robots across various end-user industries such as manufacturing, electrical and electronics, automotive, food and beverage, and process controls are seen as primary growth drivers for the robotics software platforms market. The growing utilization of robots in varied end-user industries helps meet customized demand while simultaneously helping lower labor costs.
- Since the invention of robots, software has played a key role in the field of robotics. With the introduction of new software features that enable better control of the robot, quick customization of sequences, and ease of use, the software is expected to further boost the adoption of robotics in the coming years.
- However, data security and increasing cyberattacks are hindering market growth. Also, increasing robot crimes are impeding the adoption of robots in various sectors, thus, reducing the robot software adoption prospects. Also, the lack of skilled expertise is another major restraining factor for this market.
- COVID-19 provided a solid push to expand the usage of robot software and improve robotics research. During the pandemic, various companies have installed robots to disinfect areas and deliver food to quarantined people. Some companies designed robot software to help people track COVID-19 in their communities.
Robot Software Market Trends
Industrial Robots to Have the Majority Application
- With the advent of technologies like the Industrial Internet of Things (IIoT), vital to the smart factory concept coupled with Industry 4.0, industrial robot adoption is increasing across the manufacturing industries. An industrial robot is generally used in place of human laborers to perform dangerous or repetitive tasks with high accuracy. and According to IFR It is projected that by 2024, industrial robot installations in Asia/Australia will reach 370,000 units.
- In order to make the robots perform efficiently, robot software is essential to operate the robots according to the needs of the manufacturers. This software is an extension of human capability. It reflects the human vision that gets keener with every generation and every technological leap. With the enormous growth of robotics in the industrial sector, the need for robotic software is also increasing substantially.
- Moreover, Artificial Intelligence and machine learning capabilities have been rapidly making their way into industrial robotics technology. One of the most significant benefits derived from the merging of robotics and AI technology is increased uptime and productivity from predictive maintenance.
- With AI integrated with industrial robotics technology, robots are able to monitor their own accuracy and performance, providing signals when maintenance is required to avoid expensive downtime.
- Furthermore, in May 2023, Alphabet launched the first product under its industrial robotics business unit Intrinsic, called Flowstate, which is an intuitive, web-based developer environment where companies can create robotic workflows, offering users the foundation to begin building robotic systems, as well as simulation capabilities to test designs. In particular, the software is aimed at helping non-experts understand and leverage robotic systems.
The Asia-Pacific Region Expected to Register Significant Growth
- The Asia-Pacific region is expected to exhibit significant growth opportunities over the forecast period. The major economies contributing to the growth of the robot software market in this region are China, Japan, Singapore, South Korea, and India. The countries in this region are increasingly adopting robotics across industries.
- The Chinese market is expected to increase its expenditure on AI and robotics, as the country has categorically prioritized its focus on AI and robotics in its 13th five-year plans. China's National Development and Reform Commission has announced an AI three-year implementation program expected to accelerate the adoption of advanced technologies to help the country become a superpower by 2030.
- Rise in demand for automation and safety in organization for hazardous works like chemical plants and others, is driving the growth of the market. Furthermore, with the rising adoption of cutting-edge technologies like the Industrial Internet of Things (IIoT) vital to the smart factory concept coupled with Industry 4.0, and industrial robot is driving the growth of the market
- In addition, the cost of robot work cells has decreased by 5-10% per year since few years and the speed and throughput of robot has increased significantly; due to which there is an increase in adoption of robots, which in turns drives the growth of the market across the region.
Robot Software Industry Overview
The Robot Software Market is semi-conslodiated owing to the penetration of robotics globally with applications in various industries. Robotic software companies are constantly focusing on developing advanced technologies that would enhance the robotic processes and help the manufacturing industries to intensify their process. Some of the prominent vendors in the market include ABB Ltd, Clearpath Robotics, NVIDIA Corporation, and CloudMinds Technology Inc.
- December 2023 - ABB Ltd has announced the strengthening of its long-standing partnership with Volvo Cars to supply more than 1,300 robots and functional packages to build the next generation of electric vehicles. This will support the Swedish car manufacturer to achieve its ambitious sustainability targets.
- October 2023 - NVIDIA announced launch of its to two frameworks on the Jeston Platform for edge AI and robotics the NVIDIA Isaac ROS robotics framework for Robotics Platform to Meet the Rise of Generative AI, More than 10,000 companies building on the NVIDIA Jetson platform can now use new generative AI, APIs and microservices to accelerate industrial digitalization.
Robot Software Market Leaders
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ABB Ltd.
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Clearpath Robotics
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NVIDIA Corporation
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CloudMinds Technology, Inc.
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Liquid Robotics, Inc.
*Disclaimer: Major Players sorted in no particular order
Robot Software Market News
- September 2023 - Rockwell has announced Acquisition of Clearpath Robotics Demonstrates Growth of Mobile Robots, While Rockwell's acquisition of Clearpath Robotics, including its OTTO Motors Division which develops AMRs as well as fleet management and navigation software, is expected to help expand Rockwell's range of automation solutions aimed at creating more connected and thus productive manufacturing operations.
- May 2023 - Clearpath Robotics announced Husky observer an all-terrain, rugged robot with an integrated payload for inspection, Where the new robotic system combines Husky, a popular and versatile robot from Clearpath Robotics with OutdoorNav Autonomy Software; a software platform that enables autonomous navigation for unmanned ground vehicles.
Robot Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in need for automation and safety in organizations
5.1.2 Rapid adoption of robot software by SMEs to reduce labor and energy costs
5.2 Market Challenges
5.2.1 High cost of implementation and rise in malware attacks on the software
6. MARKET SEGMENTATION
6.1 By Software Type
6.1.1 Recognition Software
6.1.2 Simulation Software
6.1.3 Predictive Maintenance Software
6.1.4 Data Management and Analysis Software
6.1.5 Communication Management Software
6.2 By Robot Type
6.2.1 Industrial Robots
6.2.2 Service Robots
6.3 By Deployment
6.3.1 On-Premise
6.3.2 On-Demand
6.4 By Enterprise Size
6.4.1 Small and Medium Enterprises
6.4.2 Large Enterprises
6.5 By End-user Vertical
6.5.1 Automotive
6.5.2 Retail and E-commerce
6.5.3 Government and Defense
6.5.4 Healthcare
6.5.5 Transportation and Logistics
6.5.6 Manufacturing
6.5.7 IT and Telecommunications
6.5.8 Other End-user Verticals
6.6 By Geography
6.6.1 North America
6.6.2 Europe
6.6.3 Asia-Pacific
6.6.4 Latin America
6.6.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ABB Ltd
7.1.2 Clearpath Robotics
7.1.3 NVIDIA Corporation
7.1.4 CloudMinds Technology Inc.
7.1.5 Liquid Robotics Inc.
7.1.6 Brain Corporation
7.1.7 AIBrain Inc.
7.1.8 Furhat Corporation
7.1.9 Neurala Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Robot Software Industry Segmentation
Robot software is a set of coded commands or instructions that tell a mechanical device and electronic system, known as a robot, what tasks to perform. Robot software is used to perform autonomous tasks with the use of technologies like Artificial Intelligence. Robot software enables functions for enhanced intelligence, motion, safety, and productivity and gives the power to make the robots see, feel, learn, and maintain safety.
The robot software market is segmented by software type (recognition software, simulation software, predictive maintenance software, data management and analysis software, and communication management software), robot type (industrial robots and service robots), deployment (on-premise and on-demand), enterprise size (small and medium enterprises and large enterprises), end-user vertical (automotive, retail, and e-commerce, government and defense, healthcare, transportation and logistics, manufacturing, and IT and telecommunications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.
| By Software Type | |
| Recognition Software | |
| Simulation Software | |
| Predictive Maintenance Software | |
| Data Management and Analysis Software | |
| Communication Management Software |
| By Robot Type | |
| Industrial Robots | |
| Service Robots |
| By Deployment | |
| On-Premise | |
| On-Demand |
| By Enterprise Size | |
| Small and Medium Enterprises | |
| Large Enterprises |
| By End-user Vertical | |
| Automotive | |
| Retail and E-commerce | |
| Government and Defense | |
| Healthcare | |
| Transportation and Logistics | |
| Manufacturing | |
| IT and Telecommunications | |
| Other End-user Verticals |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Robot Software Market Research FAQs
How big is the Robot Software Market?
The Robot Software Market size is expected to reach USD 19.92 billion in 2024 and grow at a CAGR of 21.62% to reach USD 53 billion by 2029.
What is the current Robot Software Market size?
In 2024, the Robot Software Market size is expected to reach USD 19.92 billion.
Who are the key players in Robot Software Market?
ABB Ltd., Clearpath Robotics, NVIDIA Corporation, CloudMinds Technology, Inc. and Liquid Robotics, Inc. are the major companies operating in the Robot Software Market.
Which is the fastest growing region in Robot Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Robot Software Market?
In 2024, the North America accounts for the largest market share in Robot Software Market.
What years does this Robot Software Market cover, and what was the market size in 2023?
In 2023, the Robot Software Market size was estimated at USD 15.61 billion. The report covers the Robot Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Robot Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Robot Software Industry Report
Statistics for the 2024 Robot Software market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Robot Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
