Robotic Platform Market Size, Share & Analysis

Robotic Platform Market Size & Growth

[300 Pages Report] The Robotic platform market was valued at USD 9.8 billion in 2024 and is estimated to reach USD  13.0 billion by 2029, registering a CAGR of 5.9% during the forecast period. 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, and Adoption of Autonomous Mobile Robots (AMRs) in warehouse and logistics sectors.

Robotic Platform Market Forecast to 2029

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Robotic Platform Market Trends & Dynamics:

Drivers: Increasing Government Investments in Robotics Research & Development

Increasing government investments in robotics research and development (R&D) significantly drive the growth of the robotic software platform market by fostering innovation and technological advancements. Governments worldwide recognize the transformative potential of robotics in enhancing productivity, efficiency, and competitiveness across various industries. Consequently, substantial funding is allocated to support research institutions, universities, and private companies engaged in robotics R&D. This financial backing accelerates the development of cutting-edge technologies such as computer vision, AI, and ML, which are integral to advanced robotic software platforms. The continuous influx of funds ensures a steady stream of new and improved software solutions, catering to the evolving needs of different sectors and driving market growth.

Restraint: Challenges related to complexity and integration

The complexity and integration challenges faced by the Robot Platform Market can be viewed as restraining factors for the Robotic Software Platform Market. These factors include the increasing complexity of robotic systems with advanced functionalities like sensory perception and decision-making algorithms, which demand expertise across multiple disciplines such as mechanical engineering, electronics, software development, and artificial intelligence (AI). Integrating these diverse components into efficient and cohesive robotic platforms requires extensive testing and validation processes, posing challenges in terms of time and resources.

Opportunities: The rapid adoption of robotics by the industrial and manufacturing sector

The Robotics Software Platform Market stands to gain substantially from the swift uptake of robotics in industrial and manufacturing settings. As per the International Federation of Robotics (IFR), there has been nearly a twofold increase in global robot density within manufacturing industries over the past five years, averaging 126 robots per 10,000 employees. This surge is fueled by factors such as the growing necessity for automation, enhancements in efficiency, and cost-cutting measures in manufacturing operations. Notably, Asia, including nations like China, the Republic of Korea, Singapore, and Japan, has experienced significant growth in robot installations and density rates, underscoring robust market demand for industrial robots.

Challenge: Concerns about data security and increasing cyberattacks

Data security concerns and increasing cyberattacks pose a significant challenge for the Robotic Software Platform Market. Robotic software platforms heavily rely on data exchange and communication among various components, making them susceptible to cyber threats. As robots become more interconnected, cybercriminals have more opportunities to target these systems, leading to potential data breaches, unauthorized access, and operational disruptions. This risk is particularly critical in industries like healthcare, manufacturing, and logistics, where the consequences of data breaches can be severe, including safety hazards, intellectual property theft, and downtime.

Robotic platform Market Ecosystem

The industrial robots segment will hold the largest market share in the robot segment in the robotic platform market during the forecast period.

The adoption of robotic software platforms in the industrial robotics sector is rapidly advancing, driven by multiple factors transforming the manufacturing landscape. Industrial robots dominate the robotics market and are increasingly integrated with sophisticated software platforms to enhance their functionality, flexibility, and efficiency. The surge in adoption is primarily fueled by the need for automation to meet the demands of high-volume production and the shift towards smart factories and Industry 4.0. These platforms enable robots to execute complex tasks with precision, facilitate easier programming and reprogramming, and offer advanced features like machine learning and real-time analytics. Moreover, the rising demand for customized products and the frequent need for quick reconfiguration of production lines are pushing manufacturers to adopt robotic platforms that provide greater agility. Integrating AI and IoT capabilities in these platforms allows for predictive maintenance, reducing downtime and operational costs. As industries strive to maintain competitiveness, the efficiency gains from these software solutions become crucial.

The on-premises segment is to hold the largest market share in the deployment segment in the robotic platform market during the forecast period.

On-premise automation involves purchasing a license or copy of automation software and hosting the entire system on an organization's premises, offering greater control and security. This approach has several advantages. Implementation-wise, it allows for controlled user access based on internal policies, benefiting highly regulated industries like financial services, banking, healthcare, and life sciences. In terms of cost, while cloud-native platforms are increasingly attractive due to new pricing models, on-premise setups can potentially offer long-term savings. Security is a significant advantage, as organizations can manage protocols internally, aligning them with strict regulatory requirements. Maintenance and support are also more controlled, allowing organizations to maintain preferred software versions, although this may result in missing out on new features and capabilities. Lastly, on-premise automation provides enhanced visibility and analytics, enabling the creation of custom reports and offering clear access to databases and backend logs, allowing for finely tuned, valuable insights.

The stationary/fixed segment is to hold the largest market share in the type segment in the robotic platform market during the forecast period.

Robotic software platforms designed for stationary or fixed systems excel at enabling smooth integration with various automation technologies. These platforms can effectively overcome the gap between robotic systems and other crucial industrial control and monitoring solutions, including programmable logic controllers (PLCs), SCADA systems, and manufacturing execution systems (MES). This integration enables real-time data exchange, coordinated operations, and centralized monitoring and control, leading to improved overall efficiency and production quality. Robotic software platforms in stationary or fixed systems also play a substantial role in enabling remote monitoring and maintenance capabilities. Engineers or technicians can remotely access the system, diagnose issues, update software, or even perform remote programming or calibration tasks, minimizing downtime and reducing the need for on-site interventions. Overall, the use of robotic platforms in stationary or fixed robotic systems offers numerous advantages, including precise motion control, simulation and programming capabilities, sensor integration, user-friendly interfaces, machine learning and AI integration, seamless system integration, and remote monitoring and maintenance capabilities. These advantages contribute to increased efficiency, productivity, quality, and flexibility in industrial and manufacturing environments, making robotic software platforms essential for stationary or fixed robotic systems.

Manufacturing segment to hold the largest market share in the end-user industry segment in the Robotic platform market during the forecast period.

Robotic software platforms provide significant benefits across diverse manufacturing sectors. They ensure precise and consistent task execution, enhancing product quality and decreasing defects. These platforms also facilitate seamless integration with various manufacturing systems like PLCs, SCADA systems, and MES, fostering data-driven decision-making and streamlined production processes. Moreover, they often include advanced functionalities such as machine learning and AI, empowering robots to learn, adapt, and optimize their operations, resulting in heightened efficiency and productivity over time. The robotic software platform also plays a crucial role in enabling remote monitoring and maintenance capabilities, allowing manufacturers to monitor robot performance, diagnose issues, and perform software updates or calibrations remotely, minimizing downtime and reducing the need for on-site interventions. Manufacturers can enhance productivity, quality, flexibility, and overall operational excellence across various industries by leveraging robotic software platforms.

The Robotic platform market in Asia Pacific is estimated to grow at a higher CAGR during the forecast period.

In the perspective of robotic platforms, this robust growth in the overall robotics market in China, Japan, and South Korea is likely to catalyze an acceleration in the adoption of robotic platforms in the Asia Pacific. China accounts as the global leader in the robotics market, boasting the largest market share. In 2022, the annual installation of 290,258 units surpassed the previous record of 2021 by a growth of 5%. This remarkable achievement builds on the exceptional 57% surge seen in 2021 compared to 2020. The dynamic nature of the Chinese market has prompted both domestic and international robot suppliers to establish production plants within the country, continually expanding their capacities. The robotic platform market is expected to witness increased demand as the government continues prioritizing automation and technological advancements.

Robotic Platform Market by Region

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Top Companies Robotic Platform Market - Key Market Players

Major vendors in the

Robotic platform companies include

• 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).

Apart from this, Brain Corporation (US), Rethink Robotics (Germany), Cyberbotics (Switzerland), CloudMinds (China), MOV.AI (Israel), Cogniteam (Israel), Clearpath Robotics, Inc., a Rockwell Automation Company (Canada), WAKU Robotics GmbH (Germany), Energy Robotics (Germany), READY ROBOTICS (US), Omron Corporation (Japan), PickNik Inc (US), Unlimited Robotics Ltd (Israel), Greenroom Robotics Pty Ltd (Australia), and Calvary Robotics (US) are among a few emerging companies in the Robotic platform market.

Scope of the Robotic Platform Market Report

Robotic Platform Market Highlights

This research report categorizes the Robotic platform  market Robot, Deployment, Type, End-User Industry, and Region.

Recent Developments

• In March 2024, IBM released Robotic Process Automation version 23.0.15, introducing enhancements and fixes. Key improvements included support for time zones in bot schedules, FIPS compliance, and new tools for managing User Management Service (UMS). This update also resolved previously reported issues as documented in APARs.
• In March 2024, Cognizant and Google Cloud expanded their partnership to boost software development productivity by adopting Gemini for Google Cloud. This initiative, announced in March 2024, aimed to train Cognizant associates to use Gemini for software development and integrate its capabilities into internal operations.

Key Questions Addressed in the Report:

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