Home > Semiconductors & Electronics > Automation > Robotics > Robotic Software Market
Robotic Software Market Size
Robotic Software Market was valued at over USD 13.5 billion in 2023 and is estimated to register a CAGR of over 20% between 2024 and 2032. Increased automation across industries is a primary factor propelling the industry growth.
As businesses strive to enhance efficiency, productivity, and competitiveness, the adoption of automation technologies including robotics has become a strategic imperative. The manufacturing industry, traditionally at the forefront of adopting automation, continues to evolve with the integration of advanced robotics. Robotic software enables these machines to perform complex tasks with precision and flexibility, from assembly lines to quality control. The push toward Industry 4.0 and smart manufacturing further accelerates the need for sophisticated robotic software to manage and optimize these automated processes. For instance, the Government of India is taking initiatives to speed up the adoption of Industry 4.0 through the National Manufacturing Policy and SAMARTH Udyog Bharat 4.0, which will positively influence factory automation in the country. With considerable investments in India's manufacturing sector, the demand for robotic software is expected to increase over the forecast period.
Governments around the world are allocating substantial funds to robotics R&D, aiming to push the boundaries of technology. This funding supports universities, research institutions, and private companies in exploring new concepts, developing advanced algorithms, and creating more intelligent, efficient, and versatile robotic systems. The resulting innovations in robotic software enhance capabilities, reduce costs, and expand the range of applications.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 13.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 20% |
2032 Value Projection: | USD 80 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 405 |
Segments covered: | Software type, robot type, deployment mode, enterprise size, and end-use industry |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The initial cost of implementing robotic systems including the necessary software can be high. This includes the cost of purchasing these robots and software along with integration, customization, and training expenses. The deployment of robotic software typically requires employees to undergo training to operate, manage, and maintain the new systems effectively. The cost of training can be substantial, particularly if external experts are needed to provide specialized guidance on new technologies. For Small & Medium-sized Enterprises (SME), these upfront costs can be a significant barrier to adoption.
Robotic Software Market Trends
Artificial Intelligence (AI) and Machine Learning (ML) are being increasingly integrated into robotic software to improve decision-making, object recognition, and adaptability in dynamic environments. This integration allows robots to learn from their operations, improve their efficiency & effectiveness over time, make decisions, and perform complex tasks. This trend is enabling more autonomous and intelligent robotic systems that can adapt to changing conditions and perform a wider range of functions.
There is a growing emphasis on developing robotic software that facilitates safe & effective collaboration between humans and robots. Collaborative robots (cobots) equipped with intuitive software enable seamless interaction and cooperation with human workers, enhancing productivity and safety in various industries. As robots become more connected and integrated into critical operations, ensuring the security of robotic systems and the data they handle is becoming paramount. This has led to a greater emphasis on developing robust cybersecurity measures within robotic software to protect against hacking, data breaches, and other cyber threats.
Robotic Software Market Analysis
Based on the robot type, the market is segmented into industrial robot and service robot. The industrial robot segment dominated the global market with a share of over 50% in 2023.
- Various manufacturing sectors are undergoing automation to enhance efficiency, productivity, and quality while reducing operational costs. Industrial robots, driven by sophisticated software, are at the heart of this transformation, performing tasks, ranging from assembly and welding to painting and inspection, with precision and consistency.
- The shift toward customized and small-batch production in response to changing consumer preferences requires manufacturing processes to be more flexible and adaptable. Industrial robots, powered by versatile and reconfigurable software, can quickly adapt to new tasks and production requirements, making them invaluable in meeting these demands.
Based on the deployment mode, the market is divided into on-premises and cloud-based. The cloud-based segment is expected to register a CAGR of over 20% during the forecast period.
- Cloud-based robotic software offers unparalleled flexibility, allowing businesses to easily scale their robotic operations up or down based on current needs. This is particularly beneficial for companies with fluctuating workloads or those in growth phases, as it eliminates the need for significant upfront investments in infrastructure.
- Cloud platforms can process and analyze vast amounts of data generated by robotic systems, enabling advanced analytics and AI-driven insights. This can lead to improved decision-making, predictive maintenance, and optimization of robotic workflows.
Asia Pacific robotic software market is expected to grow at a CAGR of over 10% through 2032. The region has become a hub for technological innovations and research & development in robotics. Countries including Japan and South Korea are known for their advancements in robotics technology, contributing to the development of cutting-edge software solutions that cater to a range of industrial and service applications. Governments across the region are actively promoting the adoption of advanced technologies including robotics and automation through various initiatives and investments. In April 2021, the "New Robot Strategy" in Japan included plans to make the country the world's leading robot innovation hub. The Japanese government contributed over USD 930.5 million in 2022. A budget of USD 440 million was allocated to robotics-related projects in the “Moonshot Research & Development Program” over five years from 2020 to 2025.
Robotic Software Market Share
ABB Ltd. and Clearpath Robotics hold a significant market share of over 25% in the robotic software industry. ABB offers an extensive portfolio of innovative robotic software solutions and has a strong global presence and a long history of technological leadership in industrial automation. ABB's commitment to research & development, customer-focused approach, and the ability to deliver integrated solutions across various industries have solidified its market position.
Clearpath Robotics specializes in the research & development of autonomous mobile robots and unmanned vehicle systems. It focuses on providing robust & user-friendly robotic software platforms, alongside excellent customer service and support, catering to a wide range of industrial, academic, and military applications. This helps the company get a competitive advantage in the market.
Robotic Software Market Companies
Major players operating in the robotic software industry are:
- ABB Ltd
- Clearpath Robotics
- NVIDIA Corporation
- Universal Robots A/S
- Dassault Systèmes
- CloudMinds Technology Inc.
- IBM Corporation
Robotic Software Industry News
- In October 2022, Clearpath Robotics launched OutdoorNav, an autonomous navigation software platform designed for vehicle developers, OEMs, and robotics researchers. OutdoorNav software uses a proprietary fusion of vehicle sensor data to provide robust and dependable point-to-point GPS-based autonomous navigation. It also offers continuous path planning and built-in obstacle detection & avoidance when paired with compatible hardware.
- In May 2022, ABB Ltd. launched robot alignment software to enhance speed and accuracy in electronics manufacturing. The PC-based software features Visual Servoing technology, which controls the robot's position in relation to the workpiece by combining one or more cameras with a computer vision system. The robot's cameras record images continuously as it moves. The computer vision system processes the data, verifies it, and modifies the robot's movements to achieve a precision of between 0.01 and 0.02 millimeters.
The robotic software market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Software Type
- Simulation software
- Navigation & mapping software
- Data analytics & management software
- Vision software
- Predictive maintenance software
- Others
Market, By Robot Type
- Industrial robot
- Service robot
Market, By Deployment Mode
- On-premises
- Cloud-based
Market, By Enterprise Size
- Large enterprise
- Small & Medium Enterprises (SME)
Market, By End-use Industry
- Manufacturing
- Automotive
- Healthcare
- Transportation & logistics
- BFSI
- Retail & e-commerce
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Frequently Asked Questions (FAQ) :