APAC Emerged as the Largest Market for the Global Robotic Software Platforms Market in 2015 and Will Continue Its Dominance until 2020, Says Technavio
By Business Wire News
By Business Wire News
The global robotic software platforms marketis expected grow at a CAGR of over 4% during the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the globalrobotic software platformsmarketfor 2016-2020. To calculate the market size, the report considers the revenue generated from the subscription and license fees of robotic software platforms provided by third party manufacturers and OEMs of industrial robots.
Technavio’s research study segments the global robotic software platforms market into the following regions:
APAC: largest robotic software platforms market
Technavio estimates that this will reach USD 8.15 billion by 2020, should the market sustain a CAGR of 4.57% during the forecast period. A rise in use of industrial robots in the automotive, electrical, food and beverage, and metal industries was observed in the past decade in China, Japan, Taiwan, South Korea, and Indonesia. Heavy investments directed at expanding or building new manufacturing units in the automotive industries and the popularity of electronic products in emerging APAC countries sparked an expansion in the use of industrial robots in the said industries.
According to Bharath Kanniappan, a lead analyst at Technavio for research on robotics, “Many manufacturers are adopting robots in their plants to increase productivity and meet the demands put forth by industries such as automotive and healthcare.
South Korea announced in 2014 that it would invest USD 2.7 billion to increase the sales of the existing robotic businesses and expand the scope of robotics in disaster recovery, search and rescue, and eldercare.
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Robotic software platforms market in EMEA
The European Commission funded over 100 collaborative projects on advanced research into robots. The projects were aimed at manufacturing robots that can understand, sense, perceive, reason, and act in step with its external environment. Funding support from United Robotics of Europe and other associations is also boosting demand for software platforms that can test the robots in the virtual world before making it a reality.
By 2022, the UK plans to invest USD 2.8 billion in the European Commission’s robotics research and innovation program, which will distribute funding to robotics sectors, ranging from industrial to domestic and from agriculture to space sectors.
“Europe is the hub of the automotive industry due to the presence of some giant automotive manufacturers, such as Daimler, BMW, and Volkswagen. These companies use reprogrammable and reconfigurable industrial robots in their plants. The dynamic demand from the automotive sector requires frequent configuration and programming of industrial robots; we note that such demand propels the market for software platforms,” says Bharath.
Robotic software platforms market in the Americas
Countries such as the US, Mexico, Brazil, and Canada are the major users of robots in their manufacturing, service, and healthcare sectors. Researchers and academics are the major end-users of robotics software platforms in this region.
The use of robotics in the healthcare industry in the US is approaching USD 4 trillion annually. Robots are used in hospital surgical suites, in-patient rooms, in-home patient care, and other emergency services and vehicles to enhance efficiency. The use of automation also reduces the testing turnaround time, technician’s exposure to bio-hazardous materials, and repetitive-stress injuries. Robots, especially laboratory robots, have helped to cut costs significantly in the healthcare industry, since the modular system has made robotics cost-effective for smaller laboratories.
Technavio forecasts that the widespread use of robots in the healthcare industry for applications such as surgical assistance and orthopedic surgical assistance should propel demand for robotics software platforms.
Some of the top vendors in the global robotic software platforms market highlighted in the report are:
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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