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Mobile Robotics Software Market Size

Report ID: GMI2030
Published Date: Aug 2017
Report Format: PDF

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Mobile Robotics Software Market Size

Mobile Robotics Software Market size was valued at over USD 1 billion in 2016 and will reach USD 3.8 billion by 2024.

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High implementation of robotics across various applications including healthcare, logistics, and military & defense is anticipated to escalate the mobile robotics software market share. The software is used to perform autonomous tasks and is incorporated into hardware components by using various programming languages such as C, C++, and Java. Many frameworks and systems have been aligned to make the robot programming simpler. Moreover, it allows autonomous task accomplishment or lets the user remotely control the robots.

The industry penetration is strengthening owing to constant technological advancements such as incorporation of maps and navigational systems into robots. Advancements in military & defense operations involves development of highly specialized expertise and custom-built tools. They are further used to mitigate the related product development risk in essential areas such as modelling, testing & verification, multi-core, and performance engineering. High government funds across the globe will induce immense potential to the mobile robotics software market size over the forecast timeline.

Mobile Robotics Software Market Report Attributes
Report Attribute	Details
Base Year:	2016
Mobile Robotics Software Market Size in 2016:	1 Billion (USD)
Forecast Period:	2017 to 2024
Forecast Period 2017 to 2024 CAGR:	18%
2024 Value Projection:	3.5 Billion (USD)
Historical Data for:	2013 to 2016
No. of Pages:	210
Tables, Charts & Figures:	201
Segments covered:	Product, Application and Region

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Industry players focus on developing the product with enhanced in-built software for logistics application. For instance, Clearpath Robotics manufactured OTTO motors, an autonomous vehicle that has high payload capacity. Uncertainty about the product performance and technical glitches associated with the software are likely to present a threat to the industry. Low awareness among consumers about benefits of this software will hamper the industry growth over the forecast timeframe.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of mobile robotics software was valued over USD 1 billion in 2016.

The industry share of mobile robotics software is projected to witness 18% growth rate during 2017 to 2024.

Most systems and frameworks have been tailored to make robot programming simpler which allows users to control robots remotely and enables autonomous task completion.

North America is anticipated to account for largest industry share of over 36% owing to growing adoption in domestic applications such as lawn moving, floor and vacuum cleaning.

UAVs will grow at highest CAGR of over 19% through 2024 due to rising investments for development of these autonomous vehicles for efficient product delivery systems.

Ongoing developments in robotics technology such as the integration of maps and navigational systems into robots have increased their demand in advanced military and defense operations.