Robotic Simulator Market size to increase by USD 1.12 billion during 2022-2027, Growing market for robotic system integrators to drive growth - Technavio
NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The robotic simulator market size is expected to grow by USD 1.12 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 18.04% during the forecast period. The market is segmented by Application (Robotic production, Robotic maintenance, and Others), Deployment (On-premises and Cloud-based), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The growing market for robotic system integrators drives the robotic simulator market. Factors like the emergence of system integrators, and providing advanced robots and services to end users in arduous and challenging tasks occur due to an ongoing surge in the adoption of industrial robots. The use of simulation helps the integrators save time and cost by downsizing or upsizing the robot without incurring any additional project costs. Hence, such factors drive the growth of the robotic simulator market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a FREE PDF Sample
The robotic production segment will be significant during the forecast period. The use of robotic simulators for robotic production with a lower error rate than traditional robotic production and automation simulation is essential for robotics because it allows developers to experiment with the robot virtually. Furthermore, in the production of effective robots, these data can be used, which will save time and costs. Hence, such factors will increase the growth of the global robotic simulator market in the robotic production segment during the forecast period. Get a glance at the market contribution of the segments, Request a FREE Sample
The robotics end-of-arm tooling market size is estimated to grow at a CAGR of 4.96% between 2022 and 2027. The market size is forecast to increase by USD 992.39 million. This report extensively covers market segmentation by application (material handling, assembly line, welding and soldering, surface treatment and finishing, and others), end-user (automotive, semiconductor and electronics, food and beverage, industrial machinery, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The increase in demand for robotic end-of-arm tooling from the food and beverage industry drives market growth.
The vision-guided robotics market size is estimated to grow at a CAGR of 10.04% between 2023 and 2027. The market size is forecast to increase by USD 4,159.44 million. This report extensively covers market segmentation by application (logistics, welding, inspection, cleaning, and painting), type (2D-vision and 3D-vision), and geography (APAC, North America, Europe, Middle East and Africa, and South America). A decline in electronic component prices drives market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Deployment
Market Segmentation by Geography
Drivers, Challenges, & Trends
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