According to a comprehensive research report by Market Research Future (MRFR), “Robot Fleet Management Software Market: Information By Component, Device Type, Robot Type, Application, and Region—Forecast till 2030”, the global robot fleet management software market will touch USD 881.8 million at a 33.8% CAGR by 2030.
Robot Fleet Management Software Market Drivers
Industrial automation based on robots is on the rise. Robotics will increase productivity and have the potential to bring manufacturing production skills back to developed nations. Labor is likely to receive a sizable distribution of the benefits as productivity rises. Robot adoption will undoubtedly influence product development because of its potential to reorganize global supply chains.
Integration of Artificial Intelligence with Fleet Management Software to offer Robust Opportunities
Artificial intelligence (AI) is progressively taking over numerous technological applications. The user experience is changing across many industries, from game forecasts to apps and websites that display accurate user suggestions. Fleet management is one of the many industries that AI is influencing. As a result of the increased need to prioritize driver safety without compromising cost or efficiency, smart fleet management solutions have been adopted. Reduced fleet costs can be achieved in large part by using fleet management software.
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Restraints and Challenges
Lack of Skilled Workforce to act as Market Restraint
The lack of skilled workforce, changing legal framework, and high initial investments maintenance costs may act as market restraints over the forecast period.
Robot Fleet Management Software Market Segmentation
The global robot fleet management software market has been bifurcated based on component, device type, robot type, and application.
By component, software will lead the market over the forecast period.
By device type, desktop/laptop will dominate the market over the forecast period.
By robot type, the robot fleet management software market is segmented into aerial robot and ground robot.
By application, the robot fleet management software market is segmented into autonomous shuttles, healthcare, agriculture, construction and infrastructure, logistics and delivery, warehouse, industrial/manufacturing, and others.
COVID-19 Analysis Of Robot Fleet Management Software Market
The end-user industry was significantly impacted during the first quarter of 2020. Many governmental and commercial effects on the sector were observed, including business slowdowns or closures and significant travel restrictions. Global and economic activity significantly decreased as a result of the shutdown. Regarding workforce and labor planning, the industries faced significant difficulties. Due to the enforced lockdown, the automotive industry was among the worst affected. A number of industries, including the automotive, manufacturing, warehouse, logistics, and delivery, were severely impacted by the COVID-19 pandemic. The IT industry was not significantly affected by the pandemic, though. Despite the pandemic, the IT sector experienced steady revenue. The biggest effect a pandemic had on the IT sector was an increase in IT spending as more people chose to work from home and more people adopted cloud computing and other digital platforms. The pandemic has additionally created new market opportunities for the IT sector, including rising demand for fleet management technology.
Fleet management software was more widely used in the industry during the COVID-19 lockdown. It made it possible for projects to go on in a digital and virtual setting even when participants could not get together in person. Smarter construction is made possible by this collaborative approach, which enables data sharing between businesses and professional disciplines. The information can then be used in prefab manufacturing to create the components and modules that will eventually be assembled to create finished structures.
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Robot Fleet Management Software Market Key Players
Eminent industry players profiled in the global robot fleet management software market report 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
- Teradyne Company and
- Omron Corporation.
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