Global Robotic Software Platforms Market 2016-2020

Outlook of the global robotic software platforms market

Technavio’s market research analyst predicts the global robotics software platforms market to grow moderately at a CAGR of more than 4% during the forecast period. The high demand for robots from various end-user industries like food and beverage, electrical and electronics, and automotive is the primary growth driver for this market. The utilization of robots across various end-user industries is gaining prominence as they help to lower labor costs and meet the high demand for customized products. Benefits like the ease of offline programming, reduction in production and equipment downtime, and increasing profit margins have fostered the adoption robotic software platforms during the forecast period.

Eminent factors such as the rising demand for service robots, which are used for medical applications, will impel growth in this market during the forecast period. In the healthcare sector, service robots help to carry out physical therapies and surgeries. For instance, a group of tiny robots called Magnetic Microbots can travel through blood vessels and deliver targeted medication. The ability of service robots to assist in surgeries and carry out tedious and repetitive nursing functions will result in its augmented adoption during the forecast period. This increase in the adoption of service robots will indirectly foster the need for robotic software platforms.

Segmentation by types of vendors and analysis of the robotic software platforms market

• Original equipment manufacturers (OEMs)
• Third party vendors