Mobile Robotics Software Market Size

Mobile Robotics Software Market Size

Mobile Robotics Software Market size was valued at over USD 1 billion in 2016 and will reach USD 3.8 billion by 2024.

High implementation of robotics across various applications including healthcare, logistics, and military & defense is anticipated to escalate the mobile robotics software market share. The software is used to perform autonomous tasks and is incorporated into hardware components by using various programming languages such as C, C++, and Java. Many frameworks and systems have been aligned to make the robot programming simpler. Moreover, it allows autonomous task accomplishment or lets the user remotely control the robots.

The industry penetration is strengthening owing to constant technological advancements such as incorporation of maps and navigational systems into robots. Advancements in military & defense operations involves development of highly specialized expertise and custom-built tools. They are further used to mitigate the related product development risk in essential areas such as modelling, testing & verification, multi-core, and performance engineering. High government funds across the globe will induce immense potential to the mobile robotics software market size over the forecast timeline.

Industry players focus on developing the product with enhanced in-built software for logistics application. For instance, Clearpath Robotics manufactured OTTO motors, an autonomous vehicle that has high payload capacity. Uncertainty about the product performance and technical glitches associated with the software are likely to present a threat to the industry. Low awareness among consumers about benefits of this software will hamper the industry growth over the forecast timeframe.