CHICAGO, July 5, 2024
/PRNewswire/ -- The Robotic platform
market is projected to grow from USD 9.8 billion in 2024 and is estimated to reach
USD 13.0 billion by 2029; it is
projected to grow at a Compound Annual Growth Rate (CAGR) of 5.9%
from 2024 to 2029 according to a new report by
MarketsandMarkets™. The growth of the Robotic platform
market is driven by increasing government investments in Robotics
Research & Development, Accelerated adoption of robotic
software by SMEs to minimize labor and energy expenses, Increasing
adoption of cloud-based robotic software solutions, Adoption of
service robots in medical applications; Adoption of Autonomous
Mobile Robots (AMRs) in warehouse and logistics sectors.
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Browse in-depth TOC on "Robotic Platform
Market"
200 – Tables
75 – Figures
300 – Pages
Robotic Platform Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 9.8 billion
|
Estimated Value by
2029
|
$ 13.0 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 5.9%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Robot, Deployment,
Type, End-user Industry, and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Concerns about data
security and increasing cyberattacks
|
Key Market
Opportunities
|
The rapid adoption of
robotics by the industrial and manufacturing sector
|
Key Market
Drivers
|
Increasing Government
Investments in Robotics Research & Development
|
By Robot, Service Robots segment is projected to grow at a high
CAGR of Robotic platform market during the forecast period.
The adoption of robotic software platforms in service robots is
accelerating, driven by the growing demand for automation across
various sectors such as healthcare, hospitality, logistics, and
domestic applications. Service robots are mainly designed to
perform tasks that assist humans in non-manufacturing environments,
and the integration of advanced software platforms is crucial to
enhancing their capabilities. These platforms provide essential
functionalities such as natural language processing, machine
learning, and advanced navigation, enabling robots to interact more
intelligently and intuitively with their surroundings and users. In
the healthcare sector, service robots equipped with sophisticated
software are increasingly used for tasks like patient care, surgery
assistance, and medical supply delivery. The global pandemic has
further spurred the need for such robots, highlighting the
importance of contactless services and remote operations.
Similarly, robots powered by advanced software platforms transform
operations by optimizing inventory management, automating order
fulfillment, and streamlining supply chains in logistics and
warehousing. The rapid growth of e-commerce has mainly boosted the
demand for these solutions, with companies investing heavily in
robotic automation to improve efficiency and reduce costs.
On-Cloud segment in deployment will account for highest CAGR
during the forecast period.
Cloud-based deployment, where robotic software platforms are
delivered via a provider's infrastructure, is gaining traction due
to its many advantages. This model eliminates the need for
companies to manage their own servers, offering benefits like cost
savings, scalability, and remote access. Industries like
manufacturing and healthcare leverage this for real-time control of
robots in areas like surgery and logistics. Retail, finance, and
education also benefit from cloud-based robotic software for
inventory management, fraud detection, and STEM
education tasks.
Mobile type segment in Robotic platform market will hold for
highest CAGR during the forecast period.
Mobile robots stand at the crossroads of robotics and
information engineering, representing a revolutionary class of
machines with mobility capabilities that empower them to navigate
diverse environments independently or with minimal human
intervention. Unlike static robots, mobile robots integrate a blend
of hardware and software that revolutionizes human engagement with
automation. Key components of mobile robots encompass controllers,
sensors, actuators, and power sources. Controllers, typically
microprocessors or computers, serve as the robot's central
processing unit, interpreting sensor inputs and directing movement
commands. Sensors, including cameras for visual data,
LiDAR for three-dimensional perception, and ultrasonic sensors
for obstacle detection, act as the robot's sensory system.
Actuators, often electric motors propelling wheels, treads, or
legs, enable physical movement. The power supply, ranging from
batteries to wired connections, fuels the robot's functionalities.
The pivotal element driving mobile robots is their advanced
software platforms, orchestrating tasks like motion planning,
localization, mapping, sensor integration, and behavior regulation.
These platforms ensure seamless navigation and effective
interaction with the surrounding environment.
Residential in end-user industry segment in Robotic
platform industry account for the highest CAGR during
the forecast timeline
Robotic software platforms are crucial for developing and
operating security and surveillance robots, addressing major
security concerns for homeowners. These robots integrated with
cameras and sensors, can patrol properties, detect unusual
activities, and alert homeowners or security services in real time.
They are integrated with other smart home devices, allowing for
coordinated responses, such as locking doors or activating alarms,
enhancing the overall security infrastructure. Additionally, these
platforms power personal assistant robots that perform various
tasks to aid residents, including providing reminders, controlling
other smart devices, assisting with communication, and even
offering companionship. Advanced AI capabilities enable these
robots to learn from user interactions, improving their
functionality and making them more intuitive and helpful over time.
In elderly and disabled care, robotic software platforms make
significant strides, with robots assisting with daily activities,
such as medication reminders, mobility assistance, and emergency
responses, to ensure safety and well-being of individuals.
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Asia Pacific will account
for the highest CAGR during the forecast period.
The Asia Pacific region has
embraced automation technologies to address labor shortages,
improve production quality, and increase operational efficiency.
Robotic platforms, with their ability to work safely alongside
human workers, have gained traction in various automotive,
electronics, semiconductors, and logistics industries. The
increasing acceptance of robotic platforms among small and
medium-sized enterprises (SMEs) is noteworthy, further driving
their integration into manufacturing. Government initiatives such
as funding support, tax incentives, and skill development programs
actively bolster robotic platform development and adoption across
industries. While the Asia Pacific
region leads in robotic platform deployment, the market's evolving
dynamics hint at substantial growth opportunities in other
regions.
Key Players
Key companies operating in the Robotic platform
companies are IBM (US), NVIDIA Corporation (US), Amazon.com
(US), Google Inc. (US), Microsoft (US), ABB (Switzerland), KUKA
AG (Germany), Universal
Robots A/S (Denmark), KEBA
(Austria), and Dassault Systèmes
(France), among others.
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