Global Players and Regional Players hold ~40% and ~35% of the market revenue share respectively Despite the Presence of about ~500 Competitors, find a Recent Market Study on the Global Robotics Software Market

Robotics Software is the set of inputs given as a program to the robot to get a specific task done at the desired output level. This software is used to automate processes, improve operational efficiency, lower operational risks and costs as well as improve internal processes. It enables the robots to function safely with intelligence and productively.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Large Global Players Hold Around 45%, Followed by Regional Players Holding ~30% of the Market Revenue Share

A comprehensive competitive analysis conducted during the Research Study found that the Global Robotics Software Market is competitive with ~500 players which include globally diversified players, and regional players, as well as a large number of country-niche players.

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According to the research, the Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share.

2. Players are Increasingly Investing in the Robotics Software Industry which is Promoting Market Growth.

To increase their position in the market, competitors have implemented a variety of organic and inorganic growth techniques. To expand their regional footprint and improve their product offering, these top players used mergers and acquisitions, new product development, and expansion to address the rising demand for Robotics.

• In January 2022, Furhat Robotics, a Swedish company that developed the humanoid social robot “Furhat” acquired Misty Robotics, a U.S.-based company engaged in creating social robots for developers for an undisclosed amount. The acquisition will help the company to enhance its presence in social robotics and develop state-of-the-art human interfaces.

3. Increased Focus by Governments and Adoption of Robotics Software in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

• China is already an emerging global power in the global robotics market and the government has ambitious plans to develop the industry further with a targeted CAGR of 20% during the period 2021-2025. In December 2021, the Ministry of Industry and Information Technology (MIIT) of the government of China, released a detailed five-year plan which includes the country’s plan to become a source of innovation in the robotics industry, make progress in core robotics technology, and develop much-advanced robotics products & solutions. As per the plan, the country plans to have 500 smart manufacturing plants and 150 smart manufacturing solution providers by the year 2025.

In July 2021, ABB acquired ASTI Mobile Robotics Group, a key player in the rapidly growing Autonomous Mobile Robot (AMR) market which also had a portfolio of vehicles and software that supported all major applications. With this acquisition, ABB aimed to enhance its capabilities in flexible automation and offer next generation solutions.

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Key Topics Covered in the Report

• Snapshot of the Global Robotics Software Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Robotics Software Market
• Historic Growth of the Overall Global Robotics Software Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Robotics Software Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• COVID-19 Impact on the Overall Global Robotics Software Market
• Future Market Forecast and Growth Rates of the Total Global Robotics Software Market and by Segments
• Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Robotics Software Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the report

• ABB Ltd.
• Clearpath Robotics
• NVIDIA Corporation
• CloudMinds Technology, Inc.
• Liquid Robotics, Inc.
• Brain Corporation
• AIBrain, Inc.
• Furhat Corporation
• Neurala, Inc.
• IBM Corporation

Notable Emerging Companies Mentioned in the Report

• Realtime Robotics, Inc.
• HAL Robotics
• Vyorius
• Quale Infotech
• Anscer Robotics

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Robot Manufacturers
• Robotics Software Developers
• Software and Application Developers for Robotics Industry
• Third-party Service and Maintenance Providers
• Investors and Venture Capitalists in the Robot and Robotic Software Industry
• Market Research & Consulting Firms
• Start-ups & Incumbents in Robotics Industry
• Company Research and Development Institutes
• Government & Regulatory Authorities
• Commercial and Industrial Robots Manufacturers
• Commercial and Industrial Robots Product Assemblers
• Commercial and Industrial Robots Component suppliers
• Raw Material Suppliers for Commercial and Industrial Robots
• Potential Investors in Commercial and Industrial Robots Companies
• Value Added Resellers of Robots
• Industrial OEMs of Commercial and Industrial Robots
• Industrial Automation Solutions Providers
• Robotics Industry Associations
• Robotics Research Groups
• Government Ministries of Electronics
• Government Ministries of Heavy Industries
• Regulatory Organizations for Robots

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: –

Global Robotics Software Market: Ken Research

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The post 3 Key Insights on Competitive Landscape in the Global Robotics Software Market: Ken Research appeared first on Research News Today.