Global AGV Software Market is projected to cross USD 1.0 billion by 2028 growing at a CAGR of 14% during the forecast period. The rising demand for automation across different industries, globalization of supply chain networks, and increasing adoption of on-cloud warehouse management system (WMS) solutions are contributing to the growth of global AGV software market. In terms of offering type, the market for AGV software is categorized into In-built Vehicle Software and Integrated Software.
Among the offering types, the market for in-built vehicle software is projected to witness the fastest growth during the forecast period. In terms of end-use industry, the market for AGV software is categorized into automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, retail and others. Among all the end-use industries, the market for automotive industry accounted for the majority of the global market in 2022. Taking into an account of geographical landscape, the AGV software industry was the largest in the European region in 2022. The market for AGV software in Europe is growing mainly due to the high cost of labor in the region, due to which the companies are adopting automated industrial solutions to reduce their overall operational cost.
Some of the major players operating in Global AGV Software Market are Götting KG, BA Systemes, Kollmorgen, Oceaneering International Inc., Murata Machinery Ltd., JBT Corporation, Toyota Industries Corporation, Kuka AG, Kion Group AG, Oracle Corporation etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
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Objective of the Study:
- To analyse and forecast the market size of AGV Software Market, in terms of Value.
- To classify and forecast Global AGV Software Market based on offering, end-use industry and regional distribution.
- To identify drivers and challenges for Global AGV Software Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Global AGV Software Market.
- To conduct the pricing analysis for AGV Software Market.
- To identify and analyse the profile of leading players involved in the Global AGV Software Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of developers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the developers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration developers across the globe.
TechSci Research calculated the market size of Global AGV Software Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these Value from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- AGV/AGV Software Developers and System Integrators
- Manufacturers of Sensors, Microcontrollers, RFID Modems and Related Accessories
- Professional Service/Solution Providers
- Industry associations and experts
- Research organizations and consulting companies
- Research Institutes
- Market research firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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