Robotic motion control software market to grow at 18%

September 04, 2019 //By Ally Winning
A new report on the motion control software in robotics values the market at US$ 6 Bn in 2018, and expects it to increase at a CAGR of 18% over the next decade.
A new report on the motion control software in robotics values the market at US$ 6 Bn in 2018 and expects it to increase at a CAGR of 18% over the next decade.

The report focusses on a global industry analysis 2014–2018 and opportunity assessment 2019–2029. It finds the growth is currently majorly driven by the automotive industry. The market will have multiple driving factors for the predicted future growth, such as the growing need for vision-guided robots.

Asia Pacific excluding Japan currently holds a prominent share of the market. However, North America and Western Europe will experience high growth between 2019 and 2029.

The new report features robot types, robotic system type, application, software, offering, software by motion type, end-use and regions.

The end-use segment shows manufacturing industries will expand to hold the prominent market share, drive by the increase of robots for doing repetitive tasks like assembly, material handling and pick and place. The oil & gas refining segment will also feature prominently throughout the forecast period.

More information

https://www.futuremarketinsights.com/reports/motion-control-software-in-robotics-market

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