Global Robot Software Market 2022-2028

Global Robot Software Market 2022-2028

Global Robots Software Market Size, Share, & Analysis by software type (recognition software, simulation software, predictive maintenance software, data management software, and communication management software), by robot type (industrial robots, (automotive, electrical & electronics, machinery, other),service robots(retail, healthcare, government & defense, inspection & maintenance, personal and domestic work, sand others (BFSI& IT)). The global robot software market was valued at around $1.4 billion in 2021, which is projected to reach around $9.2 billion, growing at a CAGR of 31.7% during the forecast period. The market growth is mainly attributed to the increasing adoption of Artificial Intelligence (AI) in various sectors. Additionally, the increasing industrialization is one of the pivotal factors stimulating the market growth. With the onset of industrialization, the demand for mass production, and specialized machinery increased significantly, and brought out a shift from conventional methods to the deployment of automated machines to perform tedious and repetitive jobs. Globally, due to rapid technological advancement in industrial automation, the requirement for automated machines, that can perform the task with preset instructions and negligible human interactions increased significantly. This in turn, has benefited the robot software market significantly.

COVID-19 IMPACT ON ROBOT SOFTWARE INDUSTRY

Moreover, the recent COVID-19 outbreak has surged the adoption of robots and hence driven the robot software market. The pandemic has increased the adoption of robots for various tasks such as delivering medications, disinfecting, contactless delivery operations, among others. Moreover, robots are playing a crucial role in fighting SARS-CoV-2. For instance, according to the International Federation of Robotics (IFR) in 2021, Chinese hospitals ordered more than 2,000 disinfection UVD robots by Danish manufacturer Blue Ocean Robotics. These robots move autonomously around patient rooms covering all critical surfaces with the right amount of UV-C light to kill viruses.

During the COVID-19 pandemic, some specific domains of the robotics industry witnessed a significant growth, and new emerging application areas. For instance, researchers at the University of Southern Denmark (SDU) developed a system for collecting patients’ samples for the COVID-19 test. The system has Universal Robot’s UR3 cobot arms and a custom 3D printed end-effector for taking a throat swab sample. The process starts with scanning the patient ID card and preparing the sample container with a printed ID level. The vison system identifies and locate the patient’s throat and completes the swabbing process. The total process takes around seven minutes to complete.

Further, due to the COVID-19 pandemic, cleaning, and sanitization are the major activities that humans are focusing on to keep them safe from infection. The robots are widely used for cleaning and disinfection purposes among commercial places, offices, manufacturing units, and hospitals. Similarly, diverse robots are also being used for disinfecting purposes. Researchers at Nanyang Technological University have developed an automated disinfection system in which a robot is mounted on a mobile platform fitted with an electrostatic spray nozzle for spraying the sanitizer.

SEGMENTAL ANALYSIS

The report analyses the global robot software market based on software type, robot type, and vertical. The software type segment is further fragmented into recognition software, simulation software, predictive maintenance software, data management software, and communication management software. Based on the robot type, the market is categorized into industrial robots and service robots. The report further covers the analysis of various application of industrial robots (retail, healthcare, government & defense, inspection & maintenance, personal robots, and others) and service robots which includes manufacturing in automobile industry, electrical & electronics industry, machinery industry, and others such as in food industry and plastic industry. Among the software types, recognition software dominated the market with 31.2% of share, valued at $423 million in 2021. This value is further projected to reach around $2.7 billion in 2028, exhibiting a CAGR of 30.8% during the forecast period. This kind of software is equipped in robots to recognize various objects and respond appropriately. As robots increasingly move from warehouses to shopfronts, embedding AI in them allow retailers to dramatically transform their customer interactions. For instance, Pepper, a humanoid robot driven by AI, can be preprogramed to chat with customers, answer their questions and give directions. The manufacturer, SoftBank Robotics, claims that Pepper can also recognize human emotions. In addition, with AI, it can also use the tone of a customer's voice to assess whether they are happy or sad.Based on robot type, the market is segmented into industrial robot and service robot. Industrial robot dominated the market with around 64.7% of share, generating $877 million in 2021. This value is further estimated to reach around $5.8 billion in 2028, growing at a CAGR of 31.3% during the forecast period. The segmental growth is attributed to the increasing adoption of industrial robots with the advent of technologies such as Industrial Internet of Things (IIoT). A robot software is essential for operating the robots as per the needs of the manufacturers. Hence, the increasing adoption of industrial robots directly impact the robot software market.

Robotic solutions are used in a wide range of segments from metal fabrication, foundry, plastics, food & beverage, chemicals and pharmaceuticals, electronics, and warehouse/ logistics center automation. Typical robotic applications include welding, material handling, machine tending, painting, picking, packing, palletizing, and small parts assembly automation.

Industrial robots are mainly used for manufacturing, and the segment is analyzed on the basis of different applications such as automotive, electrical & electronics, machinery, and others. Automotive application dominated the industrial robot software market and generated $307 million in 2021. This value is further estimated to reach around $2.2 billion in 2028, exhibiting a CAGR of 32.3% during the forecast period. The automotive industry has been using robots in their assembly lines for long. Robots has allowed the automotive industry to remain one of the most automated supply chains globally, and one of the largest users of robots.

Moreover, the robot software market report covers the analysis of various applications of service robots such as retail robots, healthcare robots, defense robots, inspection & maintenance robots, personal & domestic robots, and others. Among these, personal & domestic robots dominated the market and generated $95 million in 2021. This value is further projected to reach $660 million in 2028, exhibiting a CAGR of 32.1% during the forecast period. According to the IFR, the sales of robots for domestic tasks such as vacuum cleaning, lawn-mowing, and window cleaning exceeded 17.6 million units in 2021 and is further projected to increase to 55 million units in 2022.

REGIONAL ANALYSIS

Geographically, the study of the report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and the Rest of the World (Latin America and Middle east & Africa). North America dominated the market with 40.1% of share generating $543 million in 2021. This value is further projected to reach around $3.6 billion in 2028, growing at a CAGR of 31.1% during the forecast period. North America is one of the most advanced markets for using automation in the manufacturing process to produce goods in the bulk amount. The predominance of the North America market in the industry is due to factors such as high demand for robots across industries, and an increase in the number of manufacturers. As per the National Association of Manufacturers, in 2018, manufacturers contributed $2.38 trillion to the US economy in the fourth quarter. This number has increased since the second quarter of 2009, when manufacturers contributed $1.67 trillion.

Further, the government of the US is taking certain initiatives and making changes in the policy to enhance the manufacturing industry in the country. As the country is foremost in adopting new technological solutions, it is also anticipated that the country is expected to have a substantial growth in the robot software market. Furthermore, the companies are majorly adopting the business expansion growth strategy to increase its market presence and gain a competitive edge over their competitors. For instance, in October 2021, Doosan Robotics opened a headquarter in the US to cater opportunities in the country’s manufacturing units. In addition, the company will further lead sales, marketing, training, and service for customers in the country. In addition, the US manufacturing industry is currently the largest, globally.

COMPANY PROFILES OVERVIEW

The key developments and strategies segment provide comprehensive insights into the different market development activities that are currently being conducted by different key players in the industry to compete directly. Some of the major players operating in the robot software market include ABB Ltd., FANUC, IBM Corp., KUKA AG, NVIDIA Corp., and Rethink Robotics GmbH, among others. The strategies adopted by the key players in the global robot software market to gain a significant market share includes product launch, acquisition, partnership. For instance-

1.In December 2020, ABB has launched its Wizard Easy Programming software for its IRB 1100 industrial robot, allowing first time users to introduce robotic automation into their production lines without the need for specialist programming skills or any knowledge of RAPID code.

2.In June 2020, Universal Robots A/S extended its partnership with Phillips Corp. The partnership aimed at providing collaborative robots to Indian manufacturers to improve their productivity in the manufacturing unit.

3.In June 2020, Realtime Robotics announced a strategic partnership with Siemens Digital Industries Software division. Realtime’s technology is being integrated into Siemens’ Tecnomatix Process Simulate, simplifying robot programming and workcell coordination by automating motion programming. Manufacturers and integrators can now easily program, simulate, and validate automation, significantly simplifying the digital commissioning process.