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Robotic Software Platforms Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: October 2024 || SKU: ICT6857
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Robotic Software Platforms Market is segmented By Robot(Service Robots and Industrial Robots), By Deployment Model(On-Premise, On-Demand), By Enterprise Size(Small and Medium Enterprises and Large Enterprises), By End-User(Automotive, Retail and E-commerce, Healthcare, Transportation & Logistics and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Report Overview

Global Robotic Software Platforms Market reached US$ 0.8 billion in 2022 and is expected to reach US$ 7.1 billion by 2030, growing with a CAGR of 45.3% during the forecast period 2024-2031.

The development of capable and more sophisticated robots created a demand for software platforms that effectively control and manage robot functionalities. As robots become more complex and diverse in their application, the need for adaptable software platforms has grown. The growth of Industry 4.0 and rising smart manufacturing have driven the adoption of robotic software in various platforms. According to IFR – International Federation of Robotics, in 2021 73% of robots were installed in Asia-Pacific.

The use of robots in service sectors such as healthcare, hospitality, retail and logistics has expanded significantly. Service robots require software platforms to enable tasks like navigation, interaction and data processing, driving the growth of the robotic software market. Integration of AI and machine learning capabilities into robotic software platforms has enabled robots to learn, adapt and make intelligent decisions.

During the forecast period, North America is among the growing regions in the global robotic software platforms market covering more than 1/3rd of the market. The region has a robust ecosystem of robotics companies, research institutions and universities that are actively developing and deploying robotic technologies and this ecosystem fosters innovation and drives the demand for advanced robotic software platforms.

 

Market Scope

Metrics

Details

CAGR

45.3%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$) 

Segments Covered

Software, Robot, Deployment, Enterprise Size, End-User and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

Asia-Pacific

Largest Region

North America

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Market Dynamics

Government Agencies Adopts Robotic Systems

Robotic software platforms enable government agencies to automate routine and repetitive tasks leading to increased operational efficiency and reduced manual effort and this allows government employees to focus on more complex and value-added activities. Government agencies are increasingly adopting digital transformation initiatives and robotic software platforms play a crucial role in modernizing and streamlining processes.

For instance, on 13 October 2021, the Defense Science and Technology Agency of Singapore entered into a partnership with Ghost Robotics, a Philadelphia-based robotics company, to develop and test legged robots for security, defense and humanitarian applications. The collaboration aims to explore the use of mobile robotic systems platforms in challenging urban terrain and harsh environments.

Collaboration and Partnership Between Companies 

Robotic software platforms often require a combination of hardware, software and specialized expertise to create comprehensive solutions. Collaborating with different companies allows for the integration of various components and technologies to deliver complete and robust robotic systems. Collaboration enables the creation of customized solutions by leveraging the strengths of different partners.

For instance, on 27 July 2023, Advantech, a provider of industrial computing technology, entered into a partnership with MOV.AI, a robotics software platform company, to streamline the development and deployment of autonomous mobile robots. The collaboration aims to combine Advantech's rugged hardware with MOV.AI's Robotics Engine Platform to create a comprehensive solution for AMR manufacturers and integrators.

Technology Advancement 

Computer vision technologies enable robots to interpret visual information from the environment and this includes object detection, recognition, tracking and scene understanding. Computer vision enhances robots' ability to perform tasks that require visual processing, such as sorting objects or identifying obstacles. Sensor fusion and integration enable robots to gather accurate data, navigate complex environments and interact safely with objects and humans.

For instance, on 25 August 2023, NASA's collaboration with Apptronik, a Texas-based company, highlights the agency's expertise in developing humanoid robots for both Earth-based and space applications. Apptronik's humanoid robot, named Apollo, has been developed through NASA's Small Business Innovation Research contracts.

Complex Robotic Software and Exhibits Social Skills

Developing and programming robotic software can be complex and require specialized skills. Users, including developers and operators, may need to undergo a steep learning curve to effectively utilize these platforms. Robotic software platforms often need to be tailored to specific hardware configurations and robot models and this hardware dependency can limit flexibility and interoperability, making it challenging to switch between different robots or brands.

Sensors are important features used in robots for perception and decision-making. However, limitations in sensor technology can impact a robot's ability to accurately perceive its environment, especially in challenging conditions like low light or adverse weather. Creating robots that can effectively interact with humans in various contexts, understand natural language and exhibit social skills is a complex challenge that robotic software platforms are still working to address.

Market Segment Analysis

The global robotic software platforms market is segmented based Software, Robot, deployment, enterprise size, end-user and region.

Adoption of Service Robots for Automate Task 

Service robots are expected to be the major segment fueling the market growth with a share of more than 1/3rd in 2022. Businesses across industries are seeking ways to automate routine tasks and increase operational efficiency. Service robots offer a solution by handling repetitive tasks, such as delivery, cleaning and customer service, allowing human workers to focus on more complex and value-added activities. Service robots can fill the gap by performing tasks that would otherwise require human labor, helping businesses maintain consistent operations.

For instance, on 24 August 2023, KEENON Robotics, a prominent global robotic service provider announced a partnership with Daesung Industrial Co., Ltd., a well-known energy and electrical product company based in Korea and this collaboration signifies a significant step for KEENON's expansion in the Korean market, aiming to provide cutting-edge service robots to businesses and transform customer experiences.

Market Geographical Share

Rapid Industrialization in Asia-Pacific Boost the Market 

Asia-Pacific is among the major regions in the global robotic software platforms market covering about 1/4th of the market. The region is undergoing rapid industrialization, leading to increased demand for automation and robotics in manufacturing and other industries. Robotic software platforms enable efficient deployment and management of robotic systems in these sectors.

For instance, on 30 May 2022, Amazon announced plans to develop software for its consumer robots in India. The company is working to expand its capabilities in the robotics field and is reportedly looking to tap into India's talent pool in artificial intelligence and robotics. Amazon has been actively investing in robotics and automation to improve its fulfillment and delivery processes.

Competitive Landscape

The major global players in the market include ABB, Brain Crop, AIBrain, CloudMinds, Energid Technologies, Furhat Robotics, H2O.ai, IBM, NVIDIA and Oxbotica.

COVID-19 Impact Analysis

The pandemic highlighted the need for automation to reduce human contact and maintain business operations during lockdowns. Robotic software platforms that enable automation have seen increased demand in industries such as manufacturing, logistics and healthcare. Robotic software platforms have facilitated the development of delivery robots, drones and autonomous vehicles for contactless deliveries, reducing the risk of virus transmission.

Robotic software platforms have been used in healthcare settings for tasks such as disinfection, remote patient monitoring and telemedicine, minimizing exposure between healthcare professionals and patients. Robotic software platforms equipped with AI have enabled remote monitoring and predictive maintenance of machines and equipment, reducing the need for on-site technicians. 

The pandemic disrupted global supply chains, affecting the production and distribution of components necessary for robotic systems and potentially slowing down growth. Economic uncertainties caused by the pandemic led to reduced investment in technology and automation projects, impacting the expansion of robotic software platforms. Lockdowns and social distancing measures limited the deployment of robotic systems in certain industries, hindering their growth potential.

AI Impact

AI technologies like machine learning, deep learning and computer vision these technologies used algorithms that enable robotic software platforms to perform tasks with greater autonomy and adaptability. AI algorithms allow robots to learn from their environments train them to make real-time decisions and adjust their actions based on changing conditions and this results in more efficient and capable robotic systems that can operate autonomously in various environments.

AI-powered robotic software platforms generate a large amount of sensor data which process later and extract information that other sensors accurately perceive and understand their surroundings and this enhances their ability to navigate complex environments, avoid obstacles and interact with objects and humans safely and effectively. It also enables cognitive abilities and use of natural language processing that understand human gestures.

For instance, on 23 August 2023, The Singapore MIT-Alliance for Research and Technology launched an interdisciplinary research group called Mens, Manus and Machina to address challenges related to the rise of artificial intelligence (AI), automation and robotics. M3S will work on topics like human-machine collaboration, AI ethics, human capital development and economic growth. The collaboration involves a team of professors from MIT and institutions in Singapore, aiming to enhance the country's AI ecosystem and support workforce training and mentorship in AI.

Russia- Ukraine War Impact 

As there could be an increased demand for robotic systems and software platforms during time of conflict, for defense and security purposes and these platforms could be used for surveillance, reconnaissance and even in combat scenarios to reduce the risk to human soldiers. Robotic software platforms designed for disaster response and humanitarian aid could be utilized in conflict zones to assist with tasks such as search and rescue, delivering supplies and providing medical support to affected populations.

Robotic software platforms equipped with advanced sensors and AI could be used for remote monitoring of conflict areas and borders and provides real-time data to military and security personnel. The urgency of the conflict might lead to increased innovation and collaboration among researchers, engineers and organizations working on robotic software platforms for military and defense applications.

Key Developments

  • On 30 March 2022, Oceaneering International introduced a new lineup of autonomous mobile robots and launched three new models in North America. The new robots are designed to enhance efficiency in various industries. The UniMover D 100 is a small vehicle for transporting light goods such as boxes and totes.
  • On 21 March 2023, CoEvolution Technology has introduced its multi-robot orchestration software to the U.S. market, with a focus on enhancing logistics and warehouse operations. The software powered by AI enables the control and coordination of various types of robots to work together seamlessly as a unified fleet.
  • On 12 April 2022, ABB Robotics introduced a groundbreaking software solution called High Speed Alignment, aimed at enhancing speed and precision in electronics assembly. The software leverages 50 years of ABB's software expertise and employs Visual Servoing technology combined with computer vision systems to control the positioning of 6-axis robots relative to workpieces.

Why Purchase the Report?

  • To visualize the global robotic software platforms market segmentation based on software, robot, deployment, enterprise size, end-user and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous data points of robotic software platforms market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global robotic software platforms market report would provide approximately 77 tables, 78 figures and 203 pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Global Robotic Software Platforms Market reached US$ 0.8 billion in 2022 and is expected to reach US$ 7.1 billion by 2030

  • Key players are ABB, Brain Crop, AIBrain, CloudMinds, Energid Technologies, Furhat Robotics, H2O.ai, IBM, NVIDIA and Oxbotica.
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