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3. Robotic Platform Companies - NVIDIA Corporation and Microsoft (US) are the Key Players

The Robotic platform market is projected to grow from USD 9.8 billion in 2024 and is projected to reach USD 13.0 billion by 2029; it is expected to grow at a CAGR of 5.9% from 2024 to 2029. The growth of the Robotic platform market is driven by increasing government investments in Robotics Research & Development.

Major players in the robotic platform market include IBM (US), NVIDIA Corporation (US), Amazon.com (US), Google Inc. (US), and Microsoft (US). Major strategies adopted by the players in the robotic platform market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

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Major 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)
• Dassault Systèmes (France)

For instance, in May 2024, Coforge and Microsoft announced their partnership to establish an innovation hub to develop industry-specific generative AI solutions. Through this collaboration, the company aims to combine Coforge's industry knowledge with Microsoft's AI services, such as Microsoft Azure OpenAI Service and Copilot, to create AI tools for various sectors to enhance productivity and efficiency.

In June 2024, ABB introduced the development of OmniCore, a next-generation robotics control platform, which aids in increasing business productivity and flexibility. The platform is integrated with AI, sensors, cloud, and edge computing, offering faster, more precise, and sustainable automation. Its modular control architecture and advanced motion performance enabled seamless integration of ABB's hardware and software.

NVIDIA Corporation

NVIDIA Corporation (NVIDIA) (US) designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company operates through the following segments: Graphics and Compute & Networking. The scope of the Graphics segment includes product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users. The Compute & Networking segment offers GPUs (Graphical Processing Unit) and multi-core CPUs (Central Processing Unit). This business segment targets application areas such as autonomous robots, drones, automotive, gaming, and entertainment devices. NVIDIA Corporation's business is divided into Compute & Networking and Graphics. The Compute & Networking segment encompasses data center accelerated computing platforms, networking platforms like Quantum and Spectrum, NVIDIA DRIVE for automated driving, Jetson robotics, AI Enterprise software, and DGX Cloud services. The Graphics segment includes GeForce GPUs for gaming, GeForce NOW game streaming, Quadro/NVIDIA RTX GPUs for workstations, vGPU software, automotive platforms, and Omniverse Enterprise software for metaverse applications. The NVIDIA ISAAC platform offered by NVIDIA is categorized under the Compute and Networking segment. It comprises a comprehensive range of GPU-accelerated advancements in AI perception, manipulation, simulation, and software for robotics. By optimizing for advancements in AI, such as robot learning, large language models (LLMs), generative AI, and foundation models, users can elevate their performance to new heights.

Microsoft

Microsoft (US) specializes in developing and supporting a wide range of devices, software, solutions, and services to enhance customer value and empower individuals and businesses to achieve their full potential. Their services encompass cloud-based solutions offering software, platforms, content, solution support, and consulting services. They also engage in online advertising on a global scale. Their product portfolio includes operating systems, productivity applications, server and business solutions, management tools, software development resources, and gaming products. Additionally, they design and market various devices such as PCs, tablets, gaming consoles, intelligent devices, and accessories, catering to diverse consumer needs and preferences. Microsoft operates through three segments: Intelligent Cloud, More Personal Computing, and Productivity and Business Processes. The Productivity and Business Processes segment covered a wide range of communication, productivity, and information services: Office Commercial, LinkedIn, Dynamics business solutions, and Office Consumer. Intelligent Cloud focuses on server products and cloud services like Azure, Enterprise Services, and GitHub, catering to modern business needs and developers. More Personal Computing includes Windows, Devices like Surface and HoloLens, Gaming through Xbox, and Search and news advertising. Each segment is crucial in Microsoft's comprehensive business strategy, targeting diverse market segments and competitive landscapes.

Related Reports:

Robotic Platform Market by Robot (Industrial Robot, Service Robot), Deployment (On-premises, On-Cloud), Type (Mobile, Stationary/Fixed), End-user Industry (Manufacturing, Residential, Logistic & Transportation) and Region - Global Forecast to 2029

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Mr. Rohan Salgarkar
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