Robot Software Market Size and Forecast 2024-2033|Asea Brown Boveri, AIBrain Inc, Brain Corp, CloudMinds Technologies Inc, Energid Technologies Corporation

Overview and Scope

Robot software refers to coded commands that are programmed to give instructions to robots to perform tasks by controlling their actions and movements. It enables the user to quickly program complex processes with intuitive desktop-style interfaces or icon-based graphical user interfaces. This robot software is used for programming various industrial or service robots to perform numerous autonomous tasks.

Sizing and Forecast

The robot software market size has grown exponentially in recent years. It will grow from $6.23 billion in 2023 to $8.07 billion in 2024 at a compound annual growth rate (CAGR) of 29.6%. The growth in the historic period can be attributed to growth in industrial automation, increased use of robotics in manufacturing, advances in robot programming languages, adoption of collaborative robots (cobots), demand for robot simulation and visualization software.

The robot software market size is expected to see exponential growth in the next few years. It will grow to $23.05 billion in 2028 at a compound annual growth rate (CAGR) of 30.0%. The growth in the forecast period can be attributed to integration of artificial intelligence in robot software, expansion of robot operating systems (ros), adoption of cloud-based robot software, growth in service robotics and personal robots, increased use of robot software in healthcare and logistics. Major trends in the forecast period include simulation-based robot training, open-source robot software development, integration of augmented reality (ar) in robot software, focus on human-robot collaboration and interface design, real-time monitoring and remote control of robots.

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Segmentation & Regional Insights

The robot software market covered in this report is segmented –

1) By Software Type: Recognition Software, Data Management and Analysis Software, Communication Management Software, Simulation Software, Predictive Maintenance Software

2) By Robot Type: Industrial Robots, Service Robots

3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises

4) By Deployment Model: On-Premises, On-Demand

5) By Industry Vertical: Manufacturing, Healthcare, Aerospace and Defense, Media and Entertainment, Logistics, Other Industry Verticals

North America was the largest region in the robot software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robot software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rapid adoption of robot software by small and medium enterprises (SMEs) is expected to propel the growth of the robot software market going forward. Small and medium enterprises refer to a company employing a medium number of people and having a small or intermediate capital investment portfolio. In recent years, many small-to-medium-sized enterprises are increasingly focusing on automation by adopting robots for their business operations to reduce labor and energy costs, which increases the need for robot software to program robots to carry out SME functions. For instance, in 2021, according to the HowToRobot.com study, in the next 3 years, robots will be a feasible option for more than 50% of small and medium enterprises (SMEs). Therefore, the rapid adoption of robot software by SMEs is driving the growth of te robot software market growth.

Key Industry Players

Major companies operating in the robot software market report are Asea Brown Boveri, AIBrain Inc, Brain Corp, CloudMinds Technologies Inc, Energid Technologies Corporation, Furhat Robotics, H2O. ai Inc, IBM Corporation, Liquid Robotics Inc, NVIDIA Corporation, Neurala Inc, Clearpath Robotics Inc, Oxbotica, Teradyne Inc, Accenture PLC, RoboGroup T. E. K. Ltd., Fanuc Corp., Universal Robots, Rethink Robotics Inc., Hypertherm Inc., Denso Corporation, Bionic Robotics GmbH, Kawasaki Robotics Inc., Toshiba Machine Co. Ltd., Omron Corporation, Staubli International AG, KUKA Midea Group, Robotnik Automation S. L. L., Intelitek Inc., Yaskawa Electric Corp.

The robot software market report table of contents includes:

1. Executive Summary

2. Robot Software Market Characteristics

3. Robot Software Market Trends And Strategies

4. Robot Software Market – Macro Economic Scenario

5. Global Robot Software Market Size and Growth

26. South America Robot Software Market

27. Brazil Robot Software Market

28. Middle East Robot Software Market

29. Africa Robot Software Market

30. Robot Software Market Competitive Landscape And Company Profiles

Top Major Players: