Asia-Pacific Emerged to Be the Fastest-Growing Market for Robot Fleet Management Software During the Review Period

MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Proppants Market.

Robot Fleet Management Software Market Highlights

The global Robot Fleet Management Software Market is accounted to register a CAGR of 33.80% during the forecast period and is estimated to reach USD 1.84 Billion by 2032.

Asia-Pacific has the strongest market for demand for robot fleet management software. The APAC region is likely to bring considerable market prospects and develop at the fastest CAGR over the forecast period. The Asia-pacific region is bifurcated into China, Japan, India, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific. Robotics has played an important part in India's industrialization during the previous decade. While robotics adoption began in the automotive and electronics industries, developments in robot technology such as mobility, vision systems, grippers, networking, and ease of programming have resulted in growing robot use in other industries.

In the long run, technological innovation has been the primary engine of the US economy. With present labor shortages and growing inflation, warehouse automation is more important than ever in the US. Automation is a major changer for factories and warehouse operations, and companies must optimize their workflows to stay competitive. The problem of finance is one of the barriers to entry for automation. As a result, in April 2022, River Capital Finance teamed with Mobile Industrial Robots (MiR Robots) to provide enterprises looking to add robots to their warehouse operations with tailored, flexible financing alternatives. The robot fleet management software market in the US is expanding rapidly. For example, Dirk Erlacher, CEO of Agilox, said that sales more than quadrupled from 2017 to 2019 and that, based on extremely high reservations, sales will expand by 400% again in 2020.

Robotics4EU, an EU-funded initiative, is seeking to increase the usage of robots in four areas: healthcare, infrastructure inspection & maintenance, agri-food, and agile manufacturing. Its goal is to establish an EU-wide responsible robotics community comprised of robotics inventors, people, and politicians who will address non-technological concerns associated with using AI-based robots in these four areas. The project hopes to build responsible robotics principles through this community, addressing ethics, gender, legal, sociological, and economic elements, privacy and cybersecurity, and citizen needs and safety, eventually assisting society in accepting the usage of robotic solutions. Thus, the robot fleet management software

Global Robot Fleet Management Software Market Share, by Region, 2021 (%)Source: MRFR Analysis

Covid Impact Analysis

The first quarter of the year 2020 severely impacted the end-user industry. The industry witnessed many governmental and commercial impacts, including business slowdowns or shutdowns and significant travel restrictions. The shutdown led to a significant decline in global and economic activities. The industries faced major challenges in terms of workforce and labor planning. Automotive was amongst the hardest hit industry due to imposed lockdown.

The COVID-19 pandemic had a devastating impact on industries such as automobile, manufacturing, warehouse, logistics & delivery. However, the pandemic did not severely impact the IT sector. The IT industry saw a stable revenue despite the pandemic. The major impact the IT industry faced was increased IT expenditure as employees opted for work from a home model and the adoption of cloud software and other digital platforms increased during a pandemic. Furthermore, the pandemic has opened new market opportunities for the IT industry, including growing demand for fleet management technology

Segmentation

The global robot fleet management software market has been segmented on the basis of component, device type, robot type, application, and region.

The global robot fleet management software market, based on component, has been software and service.. The software of robot fleet management accounted for the largest market share in 2020 and is estimated to register a CAGR of 33.4% during the review period.

The global robot fleet management software market, based on device type is bifurcated into desktop/laptop, tablet, and smartphone. The desktop segment is expected to garner high revenue growth in the coming 10 years.

The global robot fleet management software market, based on robot type is further segmented into aerial robots (drones) and ground robots.

Based on application, the robot fleet management software market is segmented into industrial/manufacturing, warehouse, logistics & delivery, construction & infrastructure, agriculture, healthcare, autonomous shuttles, and others.

Key Players

Some of the prominent players operating in the global Robot fleet management software market include Freedom Robotics, Inc, Mobile Industrial Robots, Clearpath Robotics, Inc, Fetch Robotics, Inc., Addverb Technologies Private Limited, Milvus Robotics, Bridge Robotics Ltd., Fives, Meili Robots, Energy Robotics, DGWorld, Formant, Waypoint Robotics, AU Optronics Corp., AutoGuide Mobile Robots: A Teradyne Company and Omron Corporation.