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Mobile Robotics Software Market: Manufacturers ABB, KUKA Robotics, Omron Adept Technologies, RE2 Robotics, Locus Robotics, iRobot

Aerial robots or unmanned aerial vehicle market is projected to show highest CAGR of 19% owing to rising demand from logistics, and agriculture sectors.


Sellbyville, DE -- (SBWIRE) -- 01/25/2019 -- Mobile Robotics Software Market is expected to reach USD 3.8 billion by 2024. It is therefore, no surprise, that the growth of unmanned aerial vehicles market will leave a direct impact on mobile robotics software market share in the coming years. In this regard, it is prudent to note that e-commerce giants like Amazon's and Walmart's effort for bringing floating warehouses into their business have certainly pushed the overall mobile robotics software market outlook, given the fact that these floating warehouses is claimed to operate both by human intervention and autonomously. In addition to this, the American government support with regards to UAV implementation for civilian purposes has further propelled the regional mobile robotics software industry size.

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.

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From the above data, it is quite evident that the industry players are actively focusing on the expansion of their regional presence and supply chain network. Considering the favorable governmental policies and cost-effective land and labor force, Asia Pacific is poised to be the emerging market in the ensuing years. As per estimates, APAC mobile robot software market size is projected to expand at the highest CAGR of 19% over 2017-2024. Emergence of various industry players and rising investments in the emerging economies will lead to a robust escalation of APAC mobile robots software industry share.

China, Japan, and India are marked as lucrative regions for the industry growth, on account of increasing number of startups and rising investments in developing UAVs for agricultural application. Government support across these regions have induced immense potential for mobile robot software market growth. For example, the Made in China 2025 initiative by the Chinese government has prompted several manufacturers in the country to adopt automation techniques and modernized robots on shop floors. Moreover, China's Guangdong province has decided to invest around USD 155 billion in installation of robots in various application arenas. Such provisions are forming a strong foundation for the regional mobile robots software market growth.

North America is one of leading regions that witnesses remarkable demand for robots and automation. U.S. being a well-established region, is further anticipated to favor mobile robots software industry share, owing to the demand in wide spread domestic applications such as lawn floor and vacuum cleaning, lawn moving, etc. For the record, North America mobile robot software industry size stood at USD 430 million in 2016 and is further estimated to account for largest industry share of more than 30% over the coming seven years.

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The competitive profiling of mobile robotics software market is rather consolidated with leading giants covering almost 50% of the overall business space. Some of the prominent names include Omron Adept Technologies, Inc., Brain Corp., Universal Robots, and iRobot Corporation. These participants are readily adopting mergers & acquisitions as a major growth strategy to sustain the competition. One such recent instance is the collaboration of Fetch robotics and renowned Robotics technology integrator & distributor, ONExia. With this alliance, both the giants collectively are reported to bring software hardware solutions and logistics expertise in Mid Atlantic belt. Sum and substance, growing investments in mobile warehouse robotics by renowned biggies is certain to provide a significant impetus to mobile robotics software industry size in the coming years, which is projected to exceed a valuation of USD 3.5 billion by 2024.

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