Automated Guided Vehicle (AGV) Software Market: Introduction
- Automated guided vehicle software helps to move and carry products in production facilities, warehouses, and distribution centers without the need for manual intervention and a fixed conveying system. Automated guided vehicle software follow adjustable guide lines to optimize picking, storage, and transport tasks in a premium space environment.
- The rising demand for high efficiency in the automotive, healthcare, e-commerce, and food and beverage industries is driving the demand for automation.
- The automated guided vehicle software are used for various applications such as handling and lifting of products and transportation of finished goods or raw materials.
- Automated guided vehicle software are widely used due to a variety of advantages, including higher productivity, minimum product damage, lower labor costs, and the ability that supports automation operations. These significant benefits are motivating logistics and transportation companies to install automated guided vehicles software that helps to improve the efficiency of operations.
- AGV-enabled automation of industrial facilities can help fulfil the material handling capacity requirements coupled with lowering production time, reducing the possibility of human errors, improving safety, ensuring high production volumes, and increasing precision and repeatability.
- The outbreak of the Covid-19 pandemic has a massive impact on several industrial sectors such as manufacturing, automotive, aviation, and food & beverages. Numerous countries across the globe have suspended their international and domestic travel operations to contain the spread of Covid-19. This is anticipated to result in decline in aircraft production and reduction in demand for aircrafts along with huge revenue losses. The supply and demand for automobiles across the globe have been impacted by lockdowns enforced in many countries throughout the world, as well as the closure of manufacturing sites. Therefore, the Covid-19 pandemic had a severe impact on several industrial sectors that significant impacts the automated guided vehicle software market.
Global Automated Guided Vehicle (AGV) Software Market: Dynamics
Global Automated Guided Vehicle (AGV) Software Market: Key Drivers
- Increasing demand for automation in material handling across industries, the shift in demand from mass manufacturing to mass customization, increased popularity of e-commerce as a result of Covid-19, and enhanced workplace safety requirements are driving the expansion of the automated guided vehicle software market.
- Growing demand for automation in various industries and manufacturing facilities is propelling the automated guided vehicle software market. The use of automated guided vehicle software in manufacturing plants and industries minimizes human effort while increasing worker safety.
- The automated guided vehicle software offer just-in-time (JIT) raw material supply, computerized control of received assembled parts, and tracking of dispatched items.
- Furthermore, industrial expansion in emerging economies, presence of an intra-logistics industry in Southeast Asia, and the increased use of industrial automation by SMEs are expected to drive automated guided software market growth.
- The automated guided vehicle software market is growing due to increased demand for automation and automated guided vehicles in many industries, as well as improvements in safety, accuracy, and productivity. Furthermore, lowering labor costs in organizations enhances market growth. However, the market for automated guided vehicle software is hampered by high initial investment costs and a lack of flexibility.
North America to Account for Major Share of the Automated Guided Vehicle (AGV) Software Market
- In terms of region, the global automated guided vehicle software market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- North America is projected to be the major regional market for automated guided vehicle software due to leading economics such as Canada, the U.S., and Mexico. The increasing demand for IIoT and automation across numerous industries and growing adoption of on-cloud warehouse management system solutions has ensured a major pace in the growth of the automated guided vehicle software market. Demand for automated guided vehicles software has been rising in this region due to the rising industrialization in the automotive and logistics sector in North America.
Global Automated Guided Vehicle (AGV) Software Market: Competitive Landscape
Key Players Operating in the Automated Guided Vehicle (AGV) Software Market
Automated guided vehicle software providers are aiming at organic growth strategies such as product approvals, product launches, and patents. Inorganic growth strategies observed in the market include collaborations, partnerships, and acquisitions. These strategies have enabled expansion of business and customer base of major market players. Automated guided vehicle software market players are anticipated to profit from growth opportunities in the future with the growing demand for the software.
Key Players Active in the Automated Guided Vehicle (AGV) Software Market Include:
- Addverb Technologies
- BA Systemes
- JBT Corporation
- Kion Group
- Bastian Solutions
- Murata Machinery
- Oceaneering International
- Oracle Corporation
- SAP SE
Global Automated Guided Vehicle (AGV) Software Market: Research Scope
Global Automated Guided Vehicle (AGV) Software Market, by Type
- In-built Vehicle Software
- Integrated Software
Global Automated Guided Vehicle (AGV) Software Market, by End-user
- Food & Beverages
Global Automated Guided Vehicle (AGV) Software Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of MEA
- South America
- Rest of South America
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