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The robotic simulator market size is estimated to grow at a CAGR of 18.04% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,126.58 million. The growth of the market depends on several factors, such as the growing need for robotic simulation, the innovations in programming software to improve services, and the growing market for robotic system integrators.
This report extensively covers market segmentation by application (robotic production, robotic maintenance, and others), deployment (on-premises and cloud-based), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Robotic Simulator Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The emergence of system integrators, providing advanced robots and services to end users in arduous and challenging tasks is occurring due to an ongoing surge in the adoption of industrial robots. System integrators use simulation to visualize and demonstrate work cell concepts. With the help of simulation software, robot reach, collision risks, cycle times, tool efficiency, detect collision risks, and safety threats can be incorporated into the robot design process. This ensures that factors such as weight and speed are taken into account when determining the size of the robots.
Moreover, the use of simulation helps the integrators to save time and cost by downsizing or upsizing the robot without incurring any additional project costs. Management of customers' expectations, as well as avoiding miscommunications, can also be helped. Factors such as the growing number of partnerships between robot manufacturers and system integrators, increasing demand for application-specific industrial robots, and rising adoption of IoT and next-generation robots are expected to drive the market in focus during the forecast period.
Virtual commissioning is already a familiar concept on the market. The commissioning of new production lines is becoming a process that takes too much time, due to the increased complexity of production. In addition, production must be stopped for commissioning if it is necessary to modify the existing plant in order to produce a new product line. Most large organizations, primarily automotive OEMs, as well as other discrete industries such as aerospace, defense, and heavy equipment, make the most of their testing using virtual commissioning for their manufacturing cells to mitigate the risk of downtime or revenue loss.
However, robotic simulation has become an essential tool for the abovementioned industries when it comes to the application of virtual commissioning. It covers their need to increase production speed and time to market, increasing the range of vehicle models, and modular plant plans which have been verified in a virtual environment. Moreover, it reduces the risk level and thus allows for a shorter period of actual commissioning. By testing changes in advance, companies can easily avoid costly disruptions and downtime. This will create new opportunities for the global robotic simulator market during the forecast period.
The increasing adoption of cloud-based robotic simulation software has been highlighted in the context of ongoing technological developments. As a result, many traditional robotic simulation software providers are switching to cloud-based software. A cloud-based service eliminates the need to have several servers on your organization's premises and is normally hosted by a software provider's server. The purchase of cloud-based robotic simulation software is generally subscription-based, thereby resulting in a low initial cost.
However, with the benefits of adopting cloud-based platforms, there are always potential threats and vulnerabilities associated with it. In addition, another major threat in working with cloud platforms may be attacked from inside the organization., wherein authorized employees can misuse their access to the platform, which might cause a decline in the growth of the global robotic simulator market during the forecast period.
The robotic production segment will account for a major share of the market's growth during the forecast period. The aim of robotics simulation systems or robotic simulators is to bring automation systems online at a faster rate. The use of robotic simulators for robotic production with a fewer error rate than traditional robotic production. Automation simulation is essential for robotics because it allows developers to experiment with the robot virtually.
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The robotic production segment was valued at USD 183.50 million in 2017 and continued to grow until 2021. Robotics simulation allows engineers to test concepts and build manufacturing scenarios in an interactive virtual environment, gathering virtual response data which accurately reflects the physical reactions of the control systems. In the production of effective robots, these data can be used which will save time and costs. This will increase the growth of the global robotic simulator market in the robotic production segment during the forecast period.
The robot needs high and often robotic maintenance and repair services. Maintenance of robots is time-consuming and complicated. Robotic simulators can be used in remote maintenance settings. The simulators are connected to the control system, which can be used for reconstructing and repositioning parts of robots where necessary. Robotic simulators can provide virtual visual information about robots and confirm a maintenance sequence prior to the actual operation. Such advantages over physical maintenance services are expected to propel the growth of the market in focus during the forecast period.
Based on deployment, the market has been segmented on-premises and cloud-based. The on-premises segment will account for the largest share of this segment. On-premises robotic simulator software, in general, requires an enterprise to purchase a copy and a license to use that software. It provides tighter protection than cloud infrastructure as the software is licensed and can only be used on an organization's premises. Large enterprises, which are not price-sensitive buyers, dominate this segment. An on-premises setup requires in-house server hardware, software licenses, integration capabilities, and IT employees to support and manage potential issues that may arise. Additionally, the company must bear the cost of maintenance when something breaks down, which is expected to slightly decline the growth of on-premise deployment in the global robotic simulator market during the forecast period.
With the use of cloud-based simulation software, users can easily run their robot simulations in the cloud using a web browser. Hence, they do not need to install, configure, or store files on their computer. In addition, as the cloud is able to use more CPU power, it's possible to simulate complicated robots as well. The cloud-based segment of the robotic simulator market is growing at a higher pace than the on-premises segment due to the inherent ease of use, cost-effectiveness, and agility, which are encouraging small and medium-sized enterprises (SMEs) as well as large organizations to adopt them gradually. Moreover, the increasing importance of the cost-effectiveness of services is being increasingly recognized, with a cloud model gaining renown due to the arrival of entrepreneurs and SMEs. The global cloud-based robotic simulator market is expected to feature a positive year-over-year (YoY) growth rate during the forecast period.
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APAC is estimated to contribute 47% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
The growing urbanization in APAC has increased the demand for industrialization and caused many industries to expand their presence in the region. Several global and regional pharmaceutical companies, such as Pfizer Inc. (Pfizer), Novartis, AstraZeneca, Takeda Pharmaceutical Co Ltd, Shanghai Fosun Pharmaceutical, Sun Pharmaceutical Industries Ltd., Cipla Ltd., and Dr. Reddy Laboratories have their presence in Asia. Demand for robotic simulators to aid efficient process development from product design to commercialization of medicinal products continues to increase, driven by the increased presence of pharmaceutical companies in APAC. This has led to increased manufacturing of an extensive range of advanced vehicles to fulfill the demand of consumers in APAC. The design and development of advanced vehicles are increasing the demand for advanced robotic simulator solutions. Hence, the growing presence of automobile manufacturers in APAC is fueling the growth of the robotic simulator market in APAC.
In 2020, the robotic simulator market in the region witnessed certain challenges. In 2021, the lifting of lockdowns in many countries across the region resulted in the resumption of operations in the abovementioned sectors owing to the adoption of mass COVID-19 vaccination drives. Various end-users such as the automotive sector have been adversely affected and demand for robots has increased. The surge in demand for various robots, such as industrial robots and cobots, increased the growth of the regional robotic simulator market in 2021. Moreover, the huge demand for robotic simulators, in the long run, is expected to contribute to the growth of the robotic simulator market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers a robot studio that allows robot programming to be done on a PC in the office without shutting down production and enables robot programs to be prepared in advance.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The robotic simulator market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Robotic Simulator Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.04% |
Market growth 2023-2027 |
USD 1,126.58 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
17.34 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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