The global robotic simulator market is set to witness a robust increase, growing by USD 1.12 billion between 2022 and 2027. This growth will occur at a compound annual growth rate (CAGR) of 18.04%, according to a recent report by Technavio.
The report segments the market by Application (including Robotic production, Robotic maintenance, and Others), Deployment (On-premises and Cloud-based), and Geography (covering regions like APAC, Europe, North America, Middle East and Africa, and South America).
One of the primary drivers for this market is the escalating demand for robotic system integrators. System integrators, which play a crucial role in presenting advanced robots and services, particularly for challenging tasks, have seen a surge in their adoption rates in recent times. These integrators, increasingly relying on simulation, have found it beneficial in terms of cost and time. For instance, they can now either increase or decrease the size of a robot without extra project expenditures.
Several leading entities dominate the robotic simulator market. The report lists key players such as ABB Ltd., ABCO Automation Inc., Altair Engineering Inc., COMSOL AB, Coppelia Robotics AG, Cyberbotics Ltd., FANUC Corp., and many more. It’s worth noting that the market landscape is fragmented, with many players competing for market share.
A significant trend highlighted in the report is the growing demand for virtual commissioning within the manufacturing sector. However, not all outlooks are entirely positive. Challenges persist, especially concerning threats and vulnerabilities linked to cloud platforms. These challenges might dampen the growth trajectory of the robotic simulator market to some extent.
On the segment front, the robotic production segment is projected to be vital in the coming years. The adoption of robotic simulators in production, which boasts a lower error rate compared to traditional methods, is gaining traction. This is primarily because simulators allow developers to virtually test the robots, saving both time and costs. The gathered data from these simulations can further be used in creating more efficient robots, driving the growth of the robotic simulator market in the production segment.
Interested stakeholders can find a more in-depth analysis, including upcoming trends and challenges, in the full report provided by Technavio.
