Global AGV Software Market, By Offering (In-Built Vehicle Software, Integrated Software), By Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global AGV Software Market
The Global AGV Software Market is expected to rise from its initial estimated value of USD 523.8 million in 2018 to an estimated value of USD 1653.1 million by 2026, registering a CAGR of 15.45% in the forecast period of 2019-2026. This growth can be attributed to the trend of adoption of automation systems in a number of applicable industries.
Market Definition: Global AGV Software Market
Automated Guided Vehicles (AGV) are deployed for mainly to carry out material and heavy components handling efficiently as these vehicles are not prone to mistakes even in narrow paths with high weight of materials. AGV software whereas, controls all of the vehicles and carries out their functioning with the help of data it receives from a number of sensors installed all around the vehicles for mobility and basic functioning. It creates a database of all the vehicles under the AGV software and all of the functions are carried out in real-time.
- Deployment of AGV in a number of material and heavy components handling in different industries is driving the market growth
- Increased efficiency and reliability on these AGV as they are less prone to mistakes than their human counterparts is also one of the major drivers
- High initial costs for the deployment of AGV makes the market very niche and only a few industries are able to afford them, this will act as a major market restraint for the market growth
- Vulnerability and prone to hacking leading to misuses acts as another restraint to the market
Segmentation: Global AGV Software Market
- By Offering
- In-Built Vehicle Software
- Integrated Software
- By Industry
- Food & Beverages
- Printing & Paper
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Competitive Analysis: Global AGV Software Market
The Global AGV Software Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of AGV Software Market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global AGV Software Market
Few of the major market competitors currently working in the AGV Software Market are Murata Machinery Ltd., TOYOTA INDUSTRIES CORPORATION, Seegrid Corporation, Hyster-Yale Materials Handling Inc., BALYO, KMH Systems Inc., ELETTRIC80 S.P.A., Fetch Robotics Inc., inVia Robotics Inc., Locus Robotics, System Logistics Spa, Daifuku Co. Ltd., Götting KG, KION GROUP AG, KUKA AG, JBT, Oceaneering International Inc., Kollmorgen, and Transbotics.
Research Methodology: Global AGV Software Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved