Express Computer
Home  »  News  »  Robot Controller, Integrator and Software Market worth $12.5 billion by 2028 – MarketsandMarkets report

Robot Controller, Integrator and Software Market worth $12.5 billion by 2028 – MarketsandMarkets report

0 41

The global robot controller, integrator, and software market is expected to be valued at USD 6.3 billion in 2023 and is projected to reach USD 12.5 billion by 2028; it is expected to grow at a CAGR of 14.8% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of the robot controller, integrator, and software market is propelled by rising demand for electronics, e-commerce & logistics, and automotive industries, among others. However, significant technological challenges with respect to cost and interoperability are restraining the growth of the market.

Browse in-depth TOC on “Robot Controller, Integrator and Software Market” 

150 – Tables
40 – Figures
210 – Pages

Robot Controller, Integrator and Software Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$6.3 billion

Estimated Value by 2028

$12.5 billion

Growth Rate

Poised to grow at a CAGR of 14.8%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Industrial, Service, Software, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

High Costs associated with integration of robots

Key Market Opportunities

Expansion of e-commerce and logistics industry

Key Market Drivers

Escalated demand for industrial automation in several industries such as automotive, healthcare and electronics

The integrator segment is expected to hold a significant share during the forecast period.

Robotic integrators play a crucial role in the robotics industry, especially while designing and implementing robot controllers. Integrators are companies or individuals who combine various components, technologies, and systems to create functional and optimized robotic solutions for specific applications. With a multidisciplinary approach, robotic integrators leverage expertise in mechanical engineering, electronics, software development, and control systems to design and implement tailored robotic solutions across a wide range of industries and applications. Their services encompass system design, component selection, programming, testing, and ongoing support, streamlining the process of deploying effective robotic systems for tasks ranging from manufacturing and automation to healthcare and logistics.

The E-commerce & Logistics segment is projected to witness growth at the highest CAGR during the forecast period.

This is due to the surge in e-commerce transactions, which has created a higher demand for efficient logistics and supply chain solutions. With the growth of e-commerce, supply chains have become more complex, involving multiple suppliers, warehouses, and distribution centers. The robots help manage this complexity by streamlining operations and ensuring seamless coordination. Hence there is increasing demand for robotics in warehouses, fueling the demand for robot controllers, integrators, and software. Additionally, Metal & Machinery is dominating the robot controllers, integrators, and software market owing to the increasing investments in production facilities. Many metal and machinery companies are undergoing modernization to stay competitive in the market. It caters to various sectors and has a global demand, leading to a broad customer base and substantial growth opportunities.

Asia Pacific holds the largest share of the robot controller, integrator, and software market throughout the forecast period.

Asia Pacific, particularly countries like ChinaJapanSouth Korea, and Taiwan, has established itself as a global manufacturing hub for automotive and electronics. These countries have robust manufacturing infrastructures, advanced technology capabilities, and a vast network of suppliers and manufacturers. The region’s ability to produce robot controllers, integrators, and software efficiently and cost-effectively has contributed to its dominant market share.

The robot controller, integrator, and software companies include significant Tier I and II players like ABB Ltd (Switzerland), FANUC(Japan), Yaskawa Electrics (Japan), KUKA(Germany), Mitsubishi Electric (Japan), Denso (Japan), ACEITA (US), Brain (US), Dynamic Robotics (India), KEBA (Austria) and so on are some of the key players in the robot controller, integrator and software market.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image