The global robot simulator market is predicted to experience significant growth, and between 1.12. by 2022 it will increase by USD 2027 billion. The market is expected to progress at a compound annual growth rate (CAGR) of 18.04% during this forecast period. The market is segmented on the basis of application, deployment and geography.
One of the key factors driving the growth of the robot simulator market is the growing demand for robot system integrators. As industrial robots become more popular, the need for system integrators that can provide advanced robots and services for complex tasks has increased. Simulation plays a critical role in this process, allowing integrators to save time and cost by resizing robots without incurring additional project expenses.
The report identifies ABB Ltd., ABCO Automation Inc., Altair Engineering Inc., COMSOL AB, Coppelia Robotics AG, Cyberbotics Ltd., FANUC Corp., FS Studio, IPG Photonics Corp., IT + Robotics srl, KTH Parts Industries Inc. , Microsoft Corp., MIDEA Group, NACHI FUJIKOSHI Corp., NVIDIA Corp., Quantum Signal AI LLC, RoboDK Inc., Rockwell Automation Inc., Siemens AG and Logic Design Inc. as key players in the robot simulator market.
However, market growth is not without its challenges. The use of cloud platforms poses threats and vulnerabilities that can hamper the growth of the market. Despite these challenges, it is expected that 17.34. in 2023, the market will grow by 2023% annually.
In terms of application, the robotic manufacturing segment is expected to be significant during the forecast period. Robot simulators offer a lower error rate compared to traditional robotic manufacturing, allowing developers to experiment with robots virtually. This data can be used to produce more efficient robots, saving time and cost.
Finally, the robot simulator market is poised for significant growth driven by demand from system integrators and the benefits of simulation in robot development. Despite the challenges associated with cloud platforms, the market is expected to expand in the coming years.
Sources:
– Technavio Report: Global Robotic Simulator Market 2023-2027
– Technavio Research
– PR Newswire
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2023-09-18 22:32:00
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