Market Size of Robot Software Industry
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 |
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 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 Size Summary
The Robot Software Market is poised for substantial growth, driven by the increasing integration of artificial intelligence and machine learning into robotics, which enhances speed, quality, and productivity while reducing labor costs. This market is experiencing a surge in adoption across various sectors, including manufacturing, automotive, and food and beverage industries, as businesses seek to leverage robotics for improved efficiency and cost-effectiveness. The software plays a crucial role in enabling robots to perform complex tasks, offering features like enhanced control, quick customization, and ease of use. Despite challenges such as data security concerns and a shortage of skilled professionals, the market is expected to expand significantly, supported by advancements in technologies like the Industrial Internet of Things and Industry 4.0.
The Asia-Pacific region is anticipated to be a key growth area, with countries like China, Japan, and India leading the charge in adopting robotics across industries. The region's focus on automation and safety, coupled with decreasing costs and increased robot efficiency, is driving market expansion. Prominent companies such as ABB Ltd, Clearpath Robotics, and NVIDIA Corporation are actively developing advanced robotic software solutions to enhance manufacturing processes. Recent developments, such as ABB's partnership with Volvo Cars and NVIDIA's launch of new frameworks, highlight the ongoing innovation and strategic collaborations within the market. These efforts are expected to further propel the adoption of robotic software, making it an integral component of modern industrial operations.
Robot Software Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Software Type
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2.1.1 Recognition Software
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2.1.2 Simulation Software
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2.1.3 Predictive Maintenance Software
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2.1.4 Data Management and Analysis Software
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2.1.5 Communication Management Software
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2.2 By Robot Type
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2.2.1 Industrial Robots
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2.2.2 Service Robots
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2.3 By Deployment
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2.3.1 On-Premise
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2.3.2 On-Demand
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2.4 By Enterprise Size
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2.4.1 Small and Medium Enterprises
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2.4.2 Large Enterprises
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2.5 By End-user Vertical
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2.5.1 Automotive
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2.5.2 Retail and E-commerce
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2.5.3 Government and Defense
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2.5.4 Healthcare
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2.5.5 Transportation and Logistics
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2.5.6 Manufacturing
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2.5.7 IT and Telecommunications
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2.5.8 Other End-user Verticals
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2.6 By Geography
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2.6.1 North America
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2.6.2 Europe
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2.6.3 Asia-Pacific
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2.6.4 Latin America
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2.6.5 Middle-East and Africa
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Robot Software Market Size 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.