FREMONT, CA: Technavio, a market research company, in a latest report states the Global Robotic Software Platform to grow at a CAGR of 4% in the forecast period from 2016-2020.
The Technavio report covers the market outlook and growth prospects of the global robotic software platforms by considering the revenue generated from the subscription and license fees of robotic software platforms provided by third party manufacturers and OEMs of industrial robots. The report is as follows:
Segmentation by types of vendors
The robotic software platform is segmented into original equipment manufacturers (OEMs) and third party vendors.
The Technavio analysts estimate OEMs to account for 68% of the total market share in the global robotic software platform market by 2020. The robotic software platform’s ability to boost the OEM’s profitability and enable quick programming without disturbing production lines will aid in the growth of this market segment during the forecast period.
The robotic software platforms markets are based into three regions such as the APAC, EMEA and the Americas.
The APAC Region is the largest robotic software platform market. According to Technavio’s estimation, if the APAC region sustains its growth of a CAGR of 4.57% during the forecast period, it will reach USD 8.15 billion by 2020.
Industrial robots are being more extensively used in the automotive, electrical, food and beverage, and metal industries in China, Japan, Taiwan, South Korea, and Indonesia as observed in the past decade. Also growing adoption of electronic products in emerging APAC countries and expansion and building new manufacturing units in the automotive industry are also factors responsible for the increase of usage of industrial robots in the region.
The rise in robotic software platform has been fostered by the European Commission and United Robotics in the EMEA. The European commission has funded over 100 projects aiming to increase manufacturing of robots that can understand, sense, perceive, reason, and act in step with its external environment.
By 2022, the UK plans to fund invest USD 2.8 billion in the European Commission’s robotics research and innovation program, to help develop various robotic sectors ranging from agriculture to space sectors.
The United States, Mexico and Canada are large users of robotics in the manufacturing, service, and healthcare sectors. Also researchers and academicians utilize a wide range of robotic software platforms for different purposes in this region.
The use of robots in the healthcare sector in the U.S. reaches USD 4 Trillion annually. The growing usage of robotics in hospital surgical suites, in-patient rooms, in-home patient care, and other emergency services and vehicles are increasing and are also responsible for the growth of demand for robotics software platforms. The use of automation helps technicians to reduce exposure to bio-hazardous materials, stress injuries and testing turnaround time.
Laboratory robots have also helped the healthcare sector reduce costs since the modular system has made robotics cost-effective for smaller laboratories. The report also states that the growth of robots in the healthcare sector is increasing, by more robots performing surgical assistance and orthopedic surgical assistance in surgeries, thus leading to drive the demand for robotics software platforms.
“Many manufacturers are adopting robots in their plants to increase productivity and meet the demands put forth by industries such as automotive and healthcare,” says Bharath Kanniappan, a lead analyst at Technavio for research on robotics. “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.”