The global robotic simulator market is projected to experience significant growth, with an estimated increase of USD 1.12 billion between 2022 and 2027. The market is expected to progress at a compound annual growth rate (CAGR) of 18.04% during this forecast period. The market is segmented based on application, deployment, and geography.
One of the key factors driving the growth of the robotic simulator market is the rising demand for robotic system integrators. As industrial robots become increasingly adopted, the need for system integrators who can provide advanced robots and services for arduous tasks has grown. Simulation plays a crucial 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 robotic simulator market.
However, the growth of the market is not without challenges. The use of cloud platforms presents threats and vulnerabilities that can hinder market growth. Despite these challenges, the market is expected to observe a year-on-year growth rate of 17.34% in 2023.
In terms of application, the robotic production segment is anticipated to be significant during the forecast period. Robotic simulators offer lower error rates compared to traditional robotic production, allowing developers to experiment with robots virtually. This data can be used to produce more effective robots, resulting in time and cost savings.
In conclusion, the robotic simulator market is poised for substantial growth, driven by the demand for system integrators and the benefits of simulation in robot development. Despite challenges related to cloud platforms, the market is expected to expand in the coming years.
– Technavio report: Global Robotic Simulator Market 2023-2027
– Technavio Research
– PR Newswire