Dublin, July 08, 2022 (GLOBE NEWSWIRE) -- The "Robotic Software Platforms - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Robotic Software Platforms Market to Reach US$11.3 Billion by the Year 2026
Robotic software represents a system that is enabled by artificial intelligence (AI) and used for guiding different tasks or functions performed by robots. The software enables functions for increasing safety, motion, intelligence and productivity of operations. It gives robots the ability to feel, see, learn and also maintain security.
Rapid adoption of robotics by the industrial sector creates strong demand growth scenario for robotic software. With a stupendous increase in use of robots across various sectors, demand for robot software would also increase significantly. Rapid developments in the areas of IoT, AI and other software technologies led to a major spurt in the global market for robot software in the recent years.
Sensor miniaturization would also drive increased adoption of robotic technologies across various industries going forward. Mobile robot platforms in particular employ complex sensors. Miniaturization of sensors would lead to reduction in costs of both sensors and mobile robotic platforms, which would lead to even higher adoption across new applications such as delivery, logistics and surveillance among others.
The global market for Robotic Software Platforms estimated at US$8.5 Billion in the year 2020, is projected to reach a revised size of US$11.3 Billion by 2026, growing at a CAGR of 4.9% over the analysis period.
The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Robotic Software Platforms market in the U.S. is estimated at US$2.7 Billion in the year 2021. The country currently accounts for a 30.56% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2026 trailing a CAGR of 6.2% through the analysis period.
Significant opportunities for growth, for developers of robot software, are expected in the Asia-Pacific market going forward. Major economies that would contribute to such growth are China, South Korea, India and Singapore where adoption of robotic technologies across industries is increasing tremendously.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Robotics & Software Development Trends
- Transformation in Robotics Technology
- Automation Trends to Drive Growth
- Rising Spending on Robotic Automation
- Widespread Use of Robots
- Human-Robot Collaboration in Manufacturing
- Cloud Robotics: An Overview
- Shortage of Skilled Workers & Aging Workforce Underpin Uptake Volumes
- Age Dependency Ratio in Select Countries (2010, 2020 & 2030): Percentage of Dependent People Per 100 Working Age Population
- Predictions for the Next Decade of Mobile Robotics
- Research & Innovation in Mobile Robotics
- Robotics Growth Trajectory to Continue
- Industry 4.0 and Industrial IoT Fuel Market Expansion
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
- Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
- Advancements in Industrial Robotics
- World Industrial Robotic Arms Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027
- World Industrial Robotic Arms Market Revenues (in %) by Application: 2021 & 2027
- Trends Shaping Industrial Robotics
- Robotic Software Market Growth
- Industry 5.0 to Support Growth
- Open Source Robotics Solutions Make Gains
- Robotics Technology: Challenges & Issues
- Robotics Implementation Challenges
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned
- ABB Ltd.
- AIBrain Inc.
- Brain Corporation
- CloudMinds Technology Inc.
- Cyberbotics Ltd.
- Energid Technologies Corporation
- FANUC Corporation
- Furhat Robotics
- IBM Corporation
- iRobot Corporation
- KUKA AG
- Liquid Robotics, Inc.
- Neurala, Inc.
- NVIDIA Corporation
For more information about this report visit https://www.researchandmarkets.com/r/m198oi
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