Selbyville, DE -- (SBWIRE) -- 11/23/2018 -- Technological advancements focused towards improving the environment safety while working with robots is stimulating the demand for mobile robotics software market share over the forecast timeline. The building blocks of robot such as sensors, 3D printing, AI software and open source robotic operating systems (ROS) improves the human machine interaction. These technologies facilitate improved work safety for humans working around robots. Mobile Robotics Software Market size is estimated to surpass USD 3.5 billion by 2024; according to a new research report.

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In 2016, North America mobile robotics software market size was valued over USD 430 million. The robust growth in region is attributed to high penetration of robots in U.S. The demand will escalate owing to increasing use of robots for household applications such floor & vacuum cleaning and lawn moving.

Favorable government norms and increasing investments from robotic manufacturers will support the demand for software solutions for customized applications during the study period. Cost reduction in hardware component is achieved due to emergence of high quality, low cost sensors and other electronic parts. Availability of low cost hardware resulting in burgeoning number of startups based on mobile robotic technology. The increasing demand from applications such as commercial UAVs, portable vacuum cleaners, delivery robots and telepresence robots will escalate the demand for software solutions.

Ground mobile robotics software market size was valued over USD 500 million in 2016 and is expected to continue its dominance during the forecast period. Increasing use of these robots in defense and security application will support growth for this product in coming years.

Aerial robots or unmanned aerial vehicle market is projected to show highest CAGR of 19% owing to rising demand from logistics, and agriculture sectors. Increasing number of agriculture drones supported by government funding & subsidiaries will drive software industry during the forecast period.

UAVs reduce product delivery time for these companies that results in increased efficiency and higher profits. Increasing investment in startups for developing commercial drones is expected to boost the UAV market. For instance, in 2016, Precision Hawk raised USD 19 million from venture funding to focus their efforts towards UAVs for commercial purpose.

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Growth in logistics application can be credited to rising demand for robotic management system for warehouse management. Investment from E-commerce companies for developing autonomous robots for warehouse management systems will drive the demand for industry. For instance, Amazon purchased Kiva systems to include mobile robots in their warehouses.

APAC market will exhibit highest CAGR over 19% during the forecast period supported by rising awareness about mobile robotics. Regional growth is attributed to increasing investment in developing UAVs for agricultural applications and rising number of startups in these countries. Rising disposable income and increasing electronic product in countries such as India and China will strengthen the penetration of mobile robotics software in Asia Pacific region.

Mobile robotics software market is consolidated with few players contributing to more than 50% of the market share. Strategic alliance and geographical expansion are the major strategies adopted by the competitors. For instance, in 2017 Universal Robots opened new offices in India and Germany to increase their geographical presence.

Table of Content:

Chapter 1. Mobile Robotics Software Market Methodology and Scope

Chapter 2. Mobile Robotics Software Market Executive Summary

Chapter 3. Mobile Robotics Software Industry Insights

Chapter 4. Mobile Robotics Software Market, By Product

Chapter 5. Mobile Robotics Software Market, By Application

Chapter 6. Mobile Robotics Software Market, By Region

Chapter 7. Mobile Robotics Software Market Company Profiles

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Related Report:

Global Mobile Robotics Software Market Size, Status and Forecast 2025

This report studies the global Mobile Robotics Software market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Mobile Robotics Software market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-mobile-robotics-software-market-size-status-and-forecast-2025?utm_source=RR-SP

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