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Robotic Software Platforms Market Size (2024 - 2029)

The Robotic Software Platforms Market is experiencing growth driven by factors such as increased labor safety concerns, automation needs, and rising labor and energy costs. The adoption of machine learning and artificial intelligence technologies is enhancing speed, quality, accuracy, and production scalability, further supporting market expansion. Collaborations between government agencies and private entities are fostering innovation to maintain competitiveness. However, challenges such as data security issues, increasing cyberattacks, and a shortage of skilled expertise are hindering market growth. The Covid-19 pandemic has also spurred significant growth in the disinfection and sanitation robots segment.

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Market Size of Robotic Software Platforms Industry

Robotic Software Platforms Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market North America
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Robotic Software Platforms Market Major Players

*Disclaimer: Major Players sorted in no particular order

Robotic Software Platforms Market Analysis

The Robotic Software Platforms Market revenue is expected to grow at a CAGR of 5.0% over the next five years. Domestic robot is service robots that are becoming more popular for performing household activities such as floor cleaning, pool cleaning, lawn mowing, or medical and disinfecting.

  • Increased labor safety concerns, automation needs, and rising labor & energy costs are significant factors driving the robot industry, thus, supporting the robotics software platforms market growth. The major factors driving the robot software platform market are adopting machine learning and artificial intelligence technologies to enhance speed, improved quality, reduced labor cost, increased accuracy, and production scalability.
  • Government agencies and private players are collaborating and are looking to develop innovative solutions to remain competitive in the market. For Instance, Singapore's Defence Science and Technology Agency (DSTA) announced its partnership with Philadelphia-based Ghost Robotics to identify use cases involving legged robots for security, defense, and humanitarian applications. The companies will test and develop mobile robotic systems and the associated technology enablers that can get deployed in challenging urban terrain and harsh environments.
  • However, data security and increasing cyberattacks are hindering the market growth. Also, increasing robotics crimes are impeding robotics adoption in various sectors, thus, reducing the robotics software adoption prospects. Also, the need for more skilled expertise is another major restraining factor for this market.
  • Due to the Covid-19 pandemic, the disinfection and sanitation robots segment observed significant growth. Blue Ocean Robotics, Intellibot Robotics LLC, IRobot Corporation, Skytron, Bioquell, Ecovacs Robotics, Lumalier Corp, and Siemens are some key companies involved in developing disinfection and sanitation robots at the global level.

Robotic Software Platforms Industry Segmentation

Robot software is a collection of programmed commands or instructions that inform a mechanical device and an electrical system, known as a robot, what tasks to perform. Robot software is used to perform autonomous activities.

The Robotic Software Platforms Market is segmented by robot type (industrial robots and service robots), by software type (communication management software, data management & analysis software, predictive maintenance software, recognition software, and simulation software), by end-user (automotive, retail and e-commerce, government and defense, healthcare, transportation and logistics, manufacturing, IT and telecommunications, and other end-users verticals) and by geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).

The market sizes and forecasts are in terms of value (USD million) for all the above segments.

By Robot Type
Industrial Robots
Service Robots
By Software Type
Communication Management Software
Data Management & Analysis Software
Predictive Maintenance Software
Recognition Software
Simulation Software
By End-User
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
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Robotic Software Platforms Market Size Summary

The Robotic Software Platforms Market is poised for steady growth, driven by the increasing adoption of service robots in various sectors such as healthcare, manufacturing, and automotive. The demand for automation is fueled by factors like labor safety concerns, rising labor and energy costs, and the need for enhanced efficiency and accuracy. The integration of machine learning and artificial intelligence technologies is further propelling the market, as these advancements improve speed, quality, and scalability of robotic processes. Collaborative efforts between government agencies and private companies, such as those seen in Singapore and the United States, are fostering innovation and competitive solutions in the market. However, challenges such as data security concerns, cyberattacks, and the need for skilled expertise are hindering market expansion.

The Asia-Pacific region is expected to be a significant growth driver, with countries like China, Japan, and India leading the charge due to their burgeoning manufacturing sectors. The region's focus on developing industrial robots to meet global demand for cost-efficient products is anticipated to boost market growth. Key players in the market, including ABB Ltd., AIBrain Inc., and NVIDIA Corporation, are actively developing advanced technologies to enhance robotic processes. Recent strategic moves, such as acquisitions and partnerships, highlight the industry's dynamic nature and the ongoing efforts to integrate robotics into various applications. The market's moderate fragmentation indicates a competitive landscape with numerous opportunities for innovation and expansion across small, medium, and large-scale industries.

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Robotic Software Platforms Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Robot Type

      1. 2.1.1 Industrial Robots

      2. 2.1.2 Service Robots

    2. 2.2 By Software Type

      1. 2.2.1 Communication Management Software

      2. 2.2.2 Data Management & Analysis Software

      3. 2.2.3 Predictive Maintenance Software

      4. 2.2.4 Recognition Software

      5. 2.2.5 Simulation Software

    3. 2.3 By End-User

      1. 2.3.1 Automotive

      2. 2.3.2 Retail and E-commerce

      3. 2.3.3 Government and Defense

      4. 2.3.4 Healthcare

      5. 2.3.5 Transportation and Logistics

      6. 2.3.6 Manufacturing

      7. 2.3.7 IT and Telecommunications

      8. 2.3.8 Other End-user Verticals

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Robotic Software Platforms Market Size FAQs

The Robotic Software Platforms Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

ABB Ltd., AIBrain Inc., Brain Corporation, iRobot Corporation and NVIDIA Corporation are the major companies operating in the Robotic Software Platforms Market.

Robotic Software Platforms Report Snapshots

Robotic Software Platforms Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)