The size of mobile robotics software market was registered at 1 billion in the year 2016 and is anticipated to cross 3.5 billion by 2024. Between the period 2017-2024, the mobile robotics software industry is expected to register a CAGR of 18%.
Increasing investments from robotic manufacturers coupled with extensive application in portable vacuum cleaners, delivery robots, telepresence robots, commercial UAVs, etc., is anticipated to propel mobile robotics software market growth over 2017-2024. Technological advancements targeted towards improving environment safety in a robot-driven setting is fueling the demand for mobile robotics software over the coming years.
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Favorable government initiatives to integrate mobile robotics software systems to ensure safety of humans operating in robot-driven settings will increase the demand for software solutions for customized applications over the analysis period. Emergence of startups based on mobile robotics technology is playing a major role in the growth of the market. Increased availability of low cost hardware on account of development of low cost, high quality sensors and other electronic parts has led to widespread deployment of robots in numerous end use cases, which is triggering mobile robotics software industry demand. In terms of revenue, mobile robotics software market size is forecast to exceed USD 3.5 billion by 2024.
Unmanned aerial vehicle or aerial robot product type is estimated to showcase exceptional growth rate of 19% over the analysis period, owing to growing demand from agriculture and logistics sectors. Favorable government initiatives, such as funding and subsidiaries has significantly increased number of agriculture drones and is expected to supplement Market share over the forecast timeline.
In 2016, ground mobile robotics software market generated a revenue of around USD 500 is estimated to hold a major portion of overall mobile robotics software business share over the analysis period. Extensive utilization of robots in defense sector and in other security applications will fuel product penetration, hence driving mobile robotics software industry growth.
APAC mobile robotics software market is forecast to showcase notable CAGR of more than 19% over the analysis period owing to rising awareness and utilization of mobile robotics across the region. Such exponential growth can be accredited to increasing investment in developing UAVs (Unmanned aerial vehicle) for agricultural applications along with skyrocketing growth of startups in the region. Moreover, rapid production of advanced electronic product in regional countries and rising disposable income in emerging economies such as India and China will further boost penetration of mobile robotics software across the region.
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Partial Chapter of the Table of Content
Chapter 4. Mobile Robotics Software Market, By Product
4.1. Global market share by product, 2016 & 2024
4.2. Aerial (UAV)
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
Charts & Figures
FIG 1 Mobile robotics software market segmentation
FIG 2 Industry landscape, 2013 - 2024 (USD Million)
FIG 3 Industry ecosystem analysis
FIG 4 Industry impact forces
FIG 5 Competitive landscape, 2016
FIG 6 Porter’s analysis
FIG 7 PESTEL analysis
FIG 8 Market share by product, 2016 & 2024
FIG 9 Market share by application, 2016 & 2024
FIG 10 Mobile robotics software market share by region, 2016 & 2024
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