Market Size of Robot Software Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 19.92 Billion |
| Market Size (2029) | USD 53 Billion |
| CAGR (2024 - 2029) | 21.62 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Robot Software Market Analysis
The Robot Software Market size is estimated at USD 19.92 billion in 2024, and is expected to reach USD 53 billion by 2029, growing at a CAGR of 21.62% during the forecast period (2024-2029).
Robot software enables functions for intelligence, motion, safety, and productivity and gives the power to get the robots to see, feel, learn, and maintain security. These characteristics and benefits allow users to instantly and easily get their robots up and running at optimum productivity.
- The major factors driving the robot software market are the adoption of artificial intelligence, enhanced speed, improved quality, reduced labor cost, increased accuracy, and production scalability.
- Rising adoption of robots across various end-user industries such as manufacturing, electrical and electronics, automotive, food and beverage, and process controls are seen as primary growth drivers for the robotics software platforms market. The growing utilization of robots in varied end-user industries helps meet customized demand while simultaneously helping lower labor costs.
- Since the invention of robots, software has played a key role in the field of robotics. With the introduction of new software features that enable better control of the robot, quick customization of sequences, and ease of use, the software is expected to further boost the adoption of robotics in the coming years.
- However, data security and increasing cyberattacks are hindering market growth. Also, increasing robot crimes are impeding the adoption of robots in various sectors, thus, reducing the robot software adoption prospects. Also, the lack of skilled expertise is another major restraining factor for this market.
- COVID-19 provided a solid push to expand the usage of robot software and improve robotics research. During the pandemic, various companies have installed robots to disinfect areas and deliver food to quarantined people. Some companies designed robot software to help people track COVID-19 in their communities.
