Global Automated Guided Vehicle (AGV) Software Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (In-Built Vehicle Software, Integrated Software), By End-Users (Food And Beverage, Logistics, Automotive, Manufacturing, Retail, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Mar 2022 Report Code: KSI061612319 Pages: 130

The global automated guided vehicle (AGV) software market is projected to grow at a CAGR of 22.35% during the forecast period to reach US$9.584 billion by 2027, from US$2.335 billion in 2020.  

Automatic guided vehicles are load carriers that allow products to be moved and carried without physical involvement. Automated guided vehicle software is computer-controlled and wheel-based software that follows configurable guidelines to optimize picking, storage, and transportation activities. A combination of software and sensor-based guidance systems directs their movement. AGVs are self-driving vehicles used to efficiently move materials within a plant that are widely used due to various advantages, including lower labor costs, increased productivity, less product damage, and scale to assist automation operations.

The Rise in Technological Advancements and demand for Automated Solutions

One of the key reasons driving the global automated guided vehicle (AGV) software market during the forecast period is the rise in technological advancements. Digital technologies are being used by businesses in healthcare, transportation and logistics, hospitality, retail, and manufacturing to increase the efficiency of their operations. Manufacturing and logistics companies combine advanced analytics and IoT with automated guided vehicles to simplify their warehouse operations. Similarly, GPS, self-service rentals, automated fleet support, and tracking and maintenance systems are connected with automated guided vehicles to improve warehouse productivity and lower labor costs. During the projected period, technological advancements and the growing use of digitization will drive the global automated guided vehicle software market.

High Installation, maintenance, and switching cost pose a challenge to the market growth

The high installation cost of automated guided vehicle (AGV) software is one of the significant problems facing the global automated guided vehicle (AGV) software market. Many warehouse activities are still carried out by employees, which adds labor time and reduces efficiency compared to other warehouses where automated systems handle the majority of processes. The installation prices of automated guided vehicle software have been fast-growing due to ongoing improvements. This brings major challenges for small or mid-sized warehouses in attaining efficient warehouse management systems. This poses to be a significant obstacle in terms of automated guided vehicle software demand in the majority of end-use sectors, limiting its market growth.

Key Developments

Murata Machinery, Ltd., a global manufacturer of material handling solutions based in Japan, teamed up with Alert Innovation, a company specializing in automated solutions, including automated storage and retrieval systems, in August 2019. Murata Machinery, Ltd. used Alphabot technology from the latter business to improve grocery retail by inventing and commercializing technological materials handling.

By Type

By type, the global automated guided vehicle (AGV) software market can be segmented into in-built vehicle software and integrated software. The in-built vehicle software segment is predicted to grow significantly in the future years. The built-in AGV software communicates with single central system software that automates all warehouse procedures. Integrated software is comparatively more expensive than in-built software.

By End-User

By end-user industry, the global automated guided vehicle (AGV) software market is segmented into food and beverage, manufacturing, logistics, automotive, retail, and others. Because of its numerous advanced features and improved operating efficiency, AGV software is gaining appeal in manufacturing, retail, hospitality, transportation & logistics, and healthcare. In food and beverage warehouses, e-commerce, and other industries, automated guided vehicle software reduces both time and labor expenses. Workbench planning and business dashboards are also used to deliver helpful information.

These features push end-user industries to integrate automated guided vehicle software with augmented reality, Big Data and analytics, the Internet of Things (IoT), and cloud computing to alter industrial processes. As a result, digital transformation is likely to have a positive impact on the market over the projection period.

By Geography

Geographically, the global automated guided vehicle (AGV) software market can be segmented into five regions North America, South America, the Middle East and Africa, Europe, and Asia Pacific regions.  North America has a significant market share owing to its logistics sector. It continues to be a market leader by importing and exporting merchandise to other markets, according to the World Trade Organization. This has accelerated the growth of the AGV Software Market in this region. Because of big market participants and the early adoption of technology, North America and Europe will hold a significant market share. Over the projection period, the growing demand for AGV software in developing nations, especially in the Asia Pacific region, would be fuelled by the trend toward industrial automation.

Impact of Covid-19 on the Automated Guided Vehicle (AGV) Software Market

The COVID-19 pandemic had a significant influence on various industries, including automotive, food and beverage, aviation, and manufacturing. To combat the spread of COVID-19, several governments worldwide have halted international and local travel and imposed lockdowns in various nations. This is expected to result in a decrease in aircraft production and demand, as well as significant income losses. The shutdown of manufacturing plants has impacted global vehicle supply and demand. As a result, the COVID-19 epidemic had a substantial impact on various industrial areas, including the market for automated guided vehicle software.

Key Developments:

  • March 2019: Crown Equipment Corp., a manufacturer of material handling equipment, partnered with JBT Corp., a producer of automated guided vehicles (AGVs), to create solutions that assist customers in maximising the advantages of material handling automation. According to the terms of the agreement, the businesses would give customers more access to their combined automation capabilities, enabling them to get a real return on their investment (ROI).
  • February 2021: Daifuku Co reached an agreement to establish a strategic alliance with the goal of utilizing both companies' material handling know-how in the automobile sector. To raise the quality of Daifuku's offerings to clients in the international automotive industry, both companies will work together on a project-by-project basis, utilizing Daifuku's extensive global network encompassing sales, production, and service, and AFT Industries' European automotive customer base, product standards, and technologies, as well as procurement knowledge and expertise.
  • June 2022: Intelligent Automated Guided Vehicle (AGV) health and fault diagnosis software was recently launched by COSCO SHIPPING Ports Xiamen Ocean Gate Container Terminal Staff Innovation Studio. Through wireless communication, the software immediately establishes a connection with the AGV and creates analytical reports for health and defect diagnosis. With the software, users can quickly determine the location and type of fault using just the information provided by the software, eliminating the need for users to rely on their experience to speculate about faults. This reduces the time needed to locate a fault from the earlier 1-2 hours to 4 minutes, saving users 95% of the time.

Product Offerings:

  • Daifuku eWareNavi: The eWareNavi WMS from Daifuku is a fully functional and highly flexible warehouse management system (WMS) for high-volume, quickly moving warehouses. This warehouse management software controls are flexible and offer visibility into the operation of the warehouse inventory while concurrently controlling equipment and various workers. eWareNavi offers improved efficiency and higher productivity with lower operating costs. It is effective for standard warehouses, partially automated, and/or completely automated distribution facilities.
  • JBT SGV Manager: The system for autonomous guided vehicles (AGV) is managed by SGV Manager Software. All components of an integrated automated material handling system are controlled, coordinated, and monitored by the server section, also known as SGV Manager Server. Users can interact with the software through a graphical user interface provided by the client, also known as SGV Manager Client. With wired or wireless LAN connections, both components can function on the same PC or on different workstations. It is simple and repeatable to generate exportable reports that are incorporated in Excel.

Global Automated Guided Vehicle (AGV) Software Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$2.335 billion
 Market Size Value in 2027  US$9.584 billion
 Growth Rate  CAGR of 22.35% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, End Users, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Daifuku Co. Ltd, JBT, KION GROUP AG, Kollmorgen, KUKA AG, Murata Machinery USA, Inc, Bastian Solutions, LLC, Toyota Material Handling, SSI Schaffer, Dematic, Alstef Group, AGVE Group
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Type
    • In-built Vehicle Software
    • Integrated Software
  • By End Users
    • Food and Beverage
    • Logistics
    • Automotive
    • Manufacturing
    • Retail
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Taiwan
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the automated guided vehicle (AGV) software market size by 2027?
A1. The global automated guided vehicle software market is projected to reach a market size of US$9.584 billion by 2027.


Q2. What are the growth prospects for the automated guided vehicle (AGV) software market?
A2. The automated guided vehicle (AGV) software market is projected to grow at a CAGR of 22.35% over the forecast period.


Q3. What factors are anticipated to drive the automated guided vehicle (AGV) software market?
A3. One of the key reasons driving the global automated guided vehicle (AGV) software market during the forecast period is the rise in technological advancements.


Q4. What is the size of the global automated guided vehicle (AGV) software market?
A4. Automated Guided Vehicle (AGV) Software Market was valued at US$2.335 billion in 2020.


Q5. Which region holds the maximum share of the automated guided vehicle (AGV) software market?
A5. North America has a significant share in the AGV software market owing to its logistics sector, it continues to be a market leader by importing and exporting merchandise to other markets.


1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter's Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL AUTOMATED GUIDED VEHICLE (AGV) SOFTWARE MARKET, BY TYPE 

5.1. Introduction

5.2. In-built Vehicle Software

5.3. Integrated Software

 

6. GLOBAL AUTOMATED GUIDED VEHICLE (AGV) SOFTWARE MARKET, BY END-USERS

6.1. Introduction

6.2. Food and Beverage

6.3. Logistics

6.4. Automotive

6.5. Manufacturing

6.6. Retail

6.7. Others

 

7. GLOBAL AUTOMATED GUIDED VEHICLE (AGV) SOFTWARE MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. UAE

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Indonesia

7.6.6. Taiwan

7.6.7. Thailand

7.6.8. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Daifuku Co. Ltd

9.2. JBT

9.3. KION GROUP AG

9.4. Kollmorgen

9.5. KUKA AG

9.6. Murata Machinery USA, Inc

9.7. Bastian Solutions, LLC

9.8. Toyota Material Handling

9.9. SSI Schaffer

9.10. Dematic

9.11. Alstef Group

9.12. AGVE Group

Daifuku Co. Ltd

JBT

KION GROUP AG

Kollmorgen

KUKA AG

Murata Machinery USA, Inc

Bastian Solutions, LLC

Toyota Material Handling

SSI Schaffer

Dematic

Alstef Group

AGVE Group

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