In 2020, the global robot software market was valued at $4.27 billion, growing at a CAGR of 27.3% from 2017 to 2027. The robot software is a set of instructions on a robot that tells it how to perform specific actions when different conditions apply. Additionally, robot software can increase the productivity of an organization, reduce human errors, automate activities and enhance the quality of work. The use of robot software is widespread in various industries, including healthcare, defense, aerospace, automotive, and infrastructure.
In today's world, robots can accomplish various tasks, including assembling products, detecting and defusing bombs, operating on people, inspecting products, and performing space missions. Furthermore, many industries have adopted robotics to automate repetitive tasks. Moreover, manufacturers are increasingly preferring process automation due to the rise in labor costs and increased productivity, driving the market towards a more profitable condition.
Industry Dynamics of Robot Software Market
Regional Outlook of Robot Software Market
Asia-Pacific dominated the robot software market in 2020, and it is forecast to maintain its position during the forecast period. A growing number of economies, including China, Japan, and South Korea, have well-established manufacturing industries that emphasize innovating existing solutions. Additionally, the LAMEA and Asia-Pacific regions are likely to experience significant growth over the forecast period, thanks to rising local government investments and new robot software start-ups in China, India, Thailand, and others.
Outline of the Report
The global robot software market is divided into distinct segments based on software type, robot type, industrial robot type, enterprise size, vertical industry, and region.
Segmentation based on Software Type
Segmentation based on Robot Type
Segmentation based on Industrial Robot Type
Segmentation based on Enterprise Size
Segmentation based on Industrial Vertical
Segmentation based on Region
Key Competitors in Robot Software Market
COVID-19 Impact on Robot Software Market
Globally, the COVID-19 pandemic has affected every industry. COVID-19 moderately affected the market's growth in the first half of 2020 because lockdown guidelines were published by the governments of many countries, where industry sectors, such as manufacturing, healthcare, and others, were allowed to operate with limited number of employees during the pandemic. Additionally, industry efficiency took a serious hit during the lockdown. As a result, organizations throughout the globe are adopting automated robots to maintain their overall productivity. As a result of the rapid development in the adoption of service and industrial robots, the robot software market will continue to grow at a rapid pace.
The Benefits for Stakeholders