The robot simulation software market is estimated to reach $1.4 billion by 2030
Release time:2024-10-09
Robot simulation software is a key technology for expanding automation in manufacturing reshoring programs. It provides a simplified and powerful path to innovative adoption and future-proof facilities and workflows across the automation sector. ABI Research finds that revenues from designing and developing simulation software will grow at a compound annual growth rate of 21.6% by the end of the century. This growth is primarily driven by the need for rapid prototyping, training, and testing of robotic products from established robotics companies and emerging disruptors. By 2030, the entire dedicated robot simulation software market will reach $1.4 billion.
Robot simulation software is a key technology for expanding automation in manufacturing reshoring programs. It provides a simplified and powerful path to innovative adoption and future-proof facilities and workflows across the automation sector. ABI Research finds that revenues from designing and developing simulation software will grow at a compound annual growth rate of 21.6% by the end of the century. This growth is primarily driven by the need for rapid prototyping, training, and testing of robotic products from established robotics companies and emerging disruptors. By 2030, the entire dedicated robot simulation software market will reach $1.4 billion.
In addition to simulation software for robot design and development, the use of simulation for operation and planning has become an indispensable tool for real-world robot deployment. Operational simulation software includes virtual debugging, Offline programming (OLP), and digital twin tools.
"Virtual commissioning is about maintaining production. Stakeholders cannot afford the downtime associated with new robot integration. Some vendors claim that virtual debugging can reduce deployment time by 60%, "explains George Chowdhury, robotics industry analyst at ABI Research.
OLP software is another tool to speed up robot deployment. General-purpose or retrainable robots are currently at the forefront of innovation, promising to add considerable value to previously single-task workflows. OLP tools make it easy to teach robots new jobs - especially high-mix, low-volume production jobs. There are many vendors offering innovation in this area.
Digital twins will take root and become key to the automation of maintenance and updates. "Digital infrastructure is likely to be the most important aspect of simulation and cover most of the functions that virtual debugging and OLP combine," Chowdhury notes. Digital twin revenue will grow at a CAGR of 9.3%, compared with 6.4% for virtual commissioning and 8.5% for OLP.
Ultimately, simulation software will grow in tandem with the expansion of robot deployments. While large digital transformation specialists such as Siemens and ABB will have a significant impact on the development of manufacturing plants, the speed and scope of automation through robotics will create ample markets for small innovators. With Isaac software, NVIDIA is providing the platform of choice for small simulation companies to showcase and enhance their products.
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