AGV Software Market

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 Code: SE 6697 Oct, 2018, by marketsandmarkets.com

[113 Pages]  The AGV software market was valued at USD 468.5 million in 2017 and is expected to be worth USD 1,046.4 million by 2023, growing at a CAGR of 14.14% during the forecast period. While AGVs perform all the tangible work, associated software play the role of a brain, coordinating all navigations and communications across a facility. The base year considered for this report is 2017, and the forecast period for the market has been considered from 2018 to 2023.

Market Dynamics

Drivers

  • Rising demand for automation across different industries
  • Globalization of supply chain networks
  • Increasing adoption of on-cloud warehouse management system (WMS) solutions

Restraints

  • High cost of implementing and upgrading AGV systems

Opportunities

  • Integration of advanced features such as Industry 4.0, Industrial Internet of Things (IIoT), big data analytics, and cloud computing 
  • Industrial growth in emerging economies

Challenges

  • Need for regularly upgrading software
  • Real-time technical glitches

The main objectives of this study are as follows:

  • To define, describe, segment, and forecast the global AGV software market, in terms of value, based on offering, industry, and region
  • To forecast the size of market segments with respect to 4 regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market’s growth
  • To provide a detailed analysis of the value chain of the market
  • To analyze market opportunities for stakeholders and detail the competitive landscape of market leaders
  • To strategically profile key players and comprehensively analyze their market positions and core competencies
  • To analyze growth strategies, such as contracts, joint ventures, mergers and acquisitions, product launches and developments, and R&D, implemented by AGV software market players

The research methodology used to estimate and forecast the market begins by capturing revenues of key players. A few organizations associated with the market include the Material Handling Industry Association of America (MHIA), International Warehouse Logistics Association (IWLA), and Warehousing Education and Research Council (WERC). Calculations based on the penetration of in-built software in AGVs and revenue incurred by warehouse management software by integrating with AGVs led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary respondents is depicted in the below-mentioned figure:

AGV Software Market

To know about the assumptions considered for the study, download the pdf brochure

The AGV software ecosystem comprises many entities, from R&D and product conceptualization to software and post-sales providers. KION Group (Germany), KUKA (Germany), Toyota Industries (Japan), JBT Corporation (US), Oceaneering International (US), Kollmorgen (US), Murata Machinery (Japan), BA Systemes (France), Transbotics (US), and Götting (Germany) are a few major players in the AGV software market.

Major Market Developments

  • In February 2018, Murata Machinery (Japan) announced to acquire AGVE AB (Sweden), a leading AGV manufacturer. This will strengthen Murata’s expertise in developing AGV solutions.
  • In February 2017, Toyota Industries (Japan) acquired materials handling systems integrator, Bastian Solutions (US), thereby strengthening its materials handling solutions business in North America.
  • In February 2016, Götting (Germany) launched a control software called TransportControl, which can coordinate and visualize AGVs and communication information between servers. The communication between server and vehicles may be carried out via wireless LAN (WLAN).

Key Target Audience:

  • AGV/AGV Software Manufacturers and System Integrators
  • Manufacturers of Sensors, Microcontrollers, RFID Modems, and Related Accessories
  • Professional Service/Solution Providers
  • End Users
  • Standard Organizations and Regulatory Authorities Related to Materials Handling
  • Research Institutes and Organizations
  • Materials Handling Associations

Scope of the Report:

The AGV software market has been covered in detail in this report. To provide a holistic picture, current market demand and forecasts have also been included in the report. In this report, the market has been classified into the following segments:

AGV Software Market, by Offering:

  • In-built Vehicle Software
  • Integrated Software

AGV Software Market, by Industry:

  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Others (Chemicals, Printing and Paper, Textile, Plastics, and Wood)

Geographic Analysis of AGV Software Market:

  • North America
  • Europe
  • APAC
  • RoW

Critical questions the report answers

  • What are the factors that will impact the overall market in the coming years?
  • Which are the key players in the market and how intense is the competition?

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are also available:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5 companies)

According to MarketsandMarkets, 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.

AGV Software Market

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.

Applications of AGVs and associated software in automotive and food & beverages industries drive the market forward

Automotive

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

Critical questions would be:

  • Where will all these developments take the industry in mid- to long-term?
  • What are the upcoming technologies that will impact the overall AGV software market?

The need for regularly upgrading software and real-time technical glitches may create challenges for companies in the AGV software market. KION Group (Germany), KUKA (Germany), Toyota Industries (Japan), JBT Corporation (US), Oceaneering International (US), Kollmorgen (US), Murata Machinery (Japan), BA Systemes (France), Transbotics (US), and Götting (Germany) are a few major players in the global AGV software market. These players adopted strategies such as product launches and developments, contracts, acquisitions, partnerships, and business expansions to satisfy customer needs in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary & Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    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 (Page No. - 33)
    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 (Page No. - 39)
    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 (Page No. - 46)
    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 (Page No. - 60)
    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 (Page No. - 79)
    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 (Page No. - 83)
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     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 Götting
     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

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 108)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (40 Tables)

Table 1 Key Players Largely Adopted Acquisition to Strengthen Their Market Positions
Table 2 AGV Software Market, By Offering, 2015–2023 (USD Million)
Table 3 AGV Software Market for In-Built Vehicle Software, By Industry, 2015–2023 (USD Million)
Table 4 AGV Software Market for In-Built Vehicle Software, By Region, 2015–2023 (USD Million)
Table 5 AGV Software Market for Integrated Software, By Industry, 2015–2023 (USD Million)
Table 6 AGV Software Market for Integrated Software, By Region, 2015–2023 (USD Million)
Table 7 AGV Software Market, By Industry, 2015–2023 (USD Million)
Table 8 AGV Software Market for Automotive Industry, By Offering, 2015–2023 (USD Million)
Table 9 AGV Software Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 10 AGV Software Market for Manufacturing Industry, By Offering, 2015–2023 (USD Million)
Table 11 AGV Software Market for Manufacturing Industry, By Region, 2015–2023 (USD Million)
Table 12 AGV Software Market for Food & Beverages Industry, By Offering, 2015–2023 (USD Million)
Table 13 AGV Software Market for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
Table 14 AGV Software Market for Aerospace Industry, By Offering, 2015–2023 (USD Million)
Table 15 AGV Software Market for Aerospace Industry, By Region, 2015–2023 (USD Million)
Table 16 AGV Software Market for Healthcare Industry, By Offering, 2015–2023 (USD Million)
Table 17 AGV Software Market for Healthcare Industry, By Region, 2015–2023 (USD Million)
Table 18 AGV Software Market for Logistics Industry, By Offering, 2015–2023 (USD Million)
Table 19 AGV Software Market for Logistics Industry, By Region, 2015–2023 (USD Million)
Table 20 AGV Software Market for Retail Industry, By Offering, 2015–2023 (USD Million)
Table 21 AGV Software Market for Retail Industry, By Region, 2015–2023 (USD Million)
Table 22 AGV Software Market for Others, By Offering, 2015–2023 (USD Million)
Table 23 AGV Software Market for Others, By Region, 2015–2023 (USD Million)
Table 24 AGV Software Market, By Region, 2015–2023 (USD Million)
Table 25 AGV Software Market in North America, By Country, 2015–2023 (USD Million)
Table 26 AGV Software Market in North America, By Offering, 2015–2023 (USD Million)
Table 27 AGV Software Market in North America, By Industry, 2015–2023 (USD Million)
Table 28 AGV Software Market in Europe, By Country/Region, 2015–2023 (USD Million)
Table 29 AGV Software Market in Europe, By Offering, 2015–2023 (USD Million)
Table 30 AGV Software Market in Europe, By Industry, 2015–2023 (USD Million)
Table 31 AGV Software Market in APAC, By Country/Region, 2015–2023 (USD Million)
Table 32 AGV Software Market in APAC, By Offering, 2015–2023 (USD Million)
Table 33 AGV Software Market in APAC, By Industry, 2015–2023 (USD Million)
Table 34 AGV Software Market in RoW, By Region, 2015–2023 (USD Million)
Table 35 AGV Software Market in RoW, By Offering, 2015–2023 (USD Million)
Table 36 AGV Software Market in RoW, By Industry, 2015–2023 (USD Million)
Table 37 Market Ranking for AGV Software Market, 2017
Table 38 Product Launches/Product Extensions, 2016 –2018
Table 39 Partnerships, Joint Ventures, and Contracts, 2018
Table 40 Acquisitions 2015-2018


List of Figures (41 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of Research Study
Figure 6 AGV Software Market, 2015–2023
Figure 7 In-Built Vehicle Software to Lead AGV Software Market During Forecast Period
Figure 8 AGV Software Market for Food & Beverages Industry to Register Highest CAGR During Forecast Period
Figure 9 Europe Held Largest Share of AGV Software Market in 2017
Figure 10 AGV Software Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 11 In-Built Vehicle Software to Lead AGV Software Market During Forecast Period
Figure 12 China Held Largest Share of AGV Software Market in APAC in 2017
Figure 13 US Held Largest Share of AGV Software Market in 2017
Figure 14 AGV Software Market Dynamics
Figure 15 Value Chain Analysis: Major Value Added During Design and Development Phase
Figure 16 AGV Software Market, By Offering
Figure 17 In-Built Vehicle Software to Dominate AGV Software Market Throughout Forecast Period
Figure 18 Europe to Hold Largest Share of AGV Software Market for In-Built Vehicle Software During Forecast Period
Figure 19 North America to Hold Largest Share of AGV Software Market for Integrated Software During Forecast Period
Figure 20 AGV Software Market, By Industry
Figure 21 Automotive Industry to Hold Largest Share of AGV Software Market During Forecast Period
Figure 22 Europe to Hold Largest Share of AGV Software Market for Automotive Industry During Forecast Period
Figure 23 APAC to Register Highest CAGR in AGV Software Market for Food & Beverages Industry During Forecast Period
Figure 24 Europe to Occupy Largest Share of AGV Software Market for Logistics Industry in 2018
Figure 25 AGV Software Market, By Region
Figure 26 Geographic Snapshot: AGV Software Market
Figure 27 AGV Software Market in North America
Figure 28 Snapshot of AGV Software Market in North America
Figure 29 AGV Software Market in Europe
Figure 30 Snapshot of AGV Software Market in Europe
Figure 31 AGV Software Market in APAC
Figure 32 Snapshot of AGV Software Market in APAC
Figure 33 AGV Software Market in RoW
Figure 34 Snapshot of AGV Software Market in RoW
Figure 35 Growth Strategies Adopted Over Past Three Years (2015–2018)
Figure 36 Kion Group: Company Snapshot
Figure 37 Kuka: Company Snapshot
Figure 38 Toyota Industries: Company Snapshot
Figure 39 JBT Corporation: Company Snapshot
Figure 40 Murata Machinery: Company Snapshot
Figure 41 Oceaneering International: Company Snapshot


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Report Code
SE 6697
Published ON
Oct, 2018
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