Global AGV Software Market 2018-2023 by Offering (In-built Vehicle Software and Integrated Software) & Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail)
DUBLIN, Oct. 26, 2018 /PRNewswire/ --
The "AGV Software Market by Offering (In-built Vehicle Software and Integrated Software), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The AGV software market is expected to grow from USD 540.2 million in 2018 to USD 1,046.4 million by 2023, at a CAGR of 14.14% from 2018 to 2023.
Major factors driving the growth of the AGV market include the rising demand for automation across different industries, globalization of supply chain networks, and increasing adoption of on-cloud warehouse management system (WMS) solutions.
In this report, the AGV software market has been segmented based on offering, industry, and geography. The study identifies and analyzes dynamics, such as drivers, restraints, opportunities, and challenges, for the AGV software market. It also profiles the key players operating in the market.
Based on offering, the AGV software market for in-built vehicle software is expected to grow at a higher rate than integrated software during the forecast period. AGVs are controlled and navigated by advanced in-built vehicle software. Increasing digitization with the introduction of smart technologies, such as Industrial Internet of Things (IIoT) and big data analytics, is expected to create a positive impact on the in-built vehicle software market during the forecast period.
Currently, the AGV market is dominated by Europe due to exceptionally high labor cost in the region which pushes companies to adopt automated industrial solutions to reduce overall operational expenditures. Flourishing manufacturing and automotive industries in the region are expected to spur the demand for AGVs and related software. These industries require highly sophisticated automation and warehousing facilities to sustain in a competitive global economy.
The automotive industry has been one of the key users of AGV technology. Factors such as transportation of heavy materials, growing after-sales spare parts market, increasing levels of customization in vehicles, and the need to ensure availability of components during vehicle manufacturing/assembling are driving the implementation of AGVs in the industry. An increasing installation of AGVs has also allowed several automotive companies to offset shortages of labor and costs associated with retaining them. With the growing demand for AGVs, the related software market is also growing
Food & Beverages
Swelling global population, particularly in developing countries, is burdening the food & beverages industry with a growing demand for processed and packaged food items. An additional pressure on the industry is also created by the rising trend of online grocery shopping. The resultant needs for more efficient inventory management and hygienic handling of food
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Lucrative Opportunities in AGV Software Market
4.2 AGV Software Market, By Offering
4.3 AGV Software Market in APAC
4.4 AGV Software Market, By Country/Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics: AGV Software Market
5.2.1 Drivers
5.2.1.1 Rising Demand for Automation Across Different Industries
5.2.1.2 Globalization of Supply Chain Networks
5.2.1.3 Increaasing Adoption of On-Cloud Warehouse Management System (WMS) Solutions
5.2.2 Restraints
5.2.2.1 High Cost of Implementing and Upgrading AGV Systems
5.2.3 Opportunities
5.2.3.1 Integration of Advanced Features Such as Industry 4.0, Industrial Internet of Things (IIoT), Big Data Analytics, and Cloud Computing
5.2.3.2 Industrial Growth in Emerging Economies
5.2.4 Challenges
5.2.4.1 Need for Regularly Upgrading Software
5.2.4.2 Real-Time Technical Glitches
5.3 Industry Trends
5.3.1 Value Chain Analysis
5.3.2 Strategic Benchmarking
6 AGV Software Market, By Offering
6.1 Introduction
6.2 In-Built Vehicle Software
6.2.1 Management Software
6.2.2 Navigation Software
6.3 Integrated Software
6.3.1 On-Premise
6.3.2 On-Cloud
7 AGV Software Market, By Industry
7.1 Introduction
7.2 Automotive
7.2.1 Automotive Industry to Hold Largest Share of AGV Software Market During Forecast Period
7.3 Manufacturing
7.3.1 AGVs Help in Reducing Production Costs and Improving Quality of Goods in the Manufacturing Industry
7.4 Food & Beverages
7.4.1 Food & Beverages Industry to Grow at Highest CAGR in AGV Software Market During Forecast Period
7.5 Aerospace
7.5.1 AGVs Provide Intelligent Material Handling Solutions That Improve Production Efficiency in the Aerospace Industry
7.6 Healthcare
7.6.1 AGVs are Suitable for Handling Medical Products to Reduce Risk of Contamination
7.7 Logistics
7.7.1 AGVs Help the 3PL Providers for Handling Large Inventories in Warehouses
7.8 Retail
7.8.1 Growth of E-Commerce Drives the Market for AGV Software
7.9 Others
8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 US is the Major Contributor for AGV Software Market in North America
8.2.2 Canada
8.2.2.1 Canada is Second Largest Market for AGV Software in North America
8.2.3 Mexico
8.2.3.1 Proximity to US and Canada is Attracting Companies to Set Up Their Production and Warehousing Facilities in Mexico
8.3 Europe
8.3.1 UK
8.3.1.1 UK is Expected to Register the Largest Growth Rate for AGV Software Market in Europe During the Forecast Period
8.3.2 Germany
8.3.2.1 Germany is the Largest Market for AGV Software in Europe
8.3.3 France
8.3.3.1 The Rise in Retail and E-Commerce Sector is Leading to the Growth of AGV Software Market in France
8.3.4 Rest of Europe
8.4 APAC
8.4.1 China
8.4.1.1 China is Dominating the AGV Software Market in APAC
8.4.2 Japan
8.4.2.1 Automotive Industry is One of the Primary Users of AGV Software in Japan
8.4.3 India
8.4.3.1 India is Witnessing Remarkable Developments in the AGV Software Market in APAC Region
8.4.4 Rest of APAC
8.5 Rest of World (RoW)
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Players, 2017
9.3 Competitive Scenario
9.3.1 Product Launches/Product Extensions
9.3.2 Partnerships, Joint Ventures, and Contracts
9.3.3 Acquisitions
10 Company Profiles
10.1 Key Players
10.1.1 Kion Group
10.1.2 Kuka
10.1.3 Toyota Industries
10.1.4 JBT Corporation
10.1.5 Murata Machinery
10.1.6 Oceaneering International
10.1.7 Kollmorgen
10.1.8 BA Systemes
10.1.9 Transbotics, A Scott Company
10.1.10 Gtting
10.2 Other Important Players
10.2.1 Seegrid Corporation
10.2.2 Savant Automation
10.2.3 Konecranes
10.2.4 SAP
10.2.5 Oracle
10.3 Key Innovators
10.3.1 Motum N.V.
10.3.2 3PL Central
10.3.3 Microlistics
10.3.4 Synergy Logistics
10.3.5 Addverb Technologies
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