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.

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.

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 the 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, 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 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, the digital transformation is likely to have a positive impact on the market over the projection period.

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 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 the developing nations, especially in the Asia Pacific region, would be fuelled by the trend toward industrial automation.

COVID-19 Insights

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 lockdown 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.

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, John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp, KUKA AG, Murata Machinery Ltd AGV, Bastian Solutions, Toyota Industries corp, SSI Schaffer, Dematic, The AGVE Group
 Customization scope  Free report customization with purchase

 

Key Market Segments

  • 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
      • United Kingdom
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • 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 market share in 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 Definition
1.2. 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. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in 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. United States
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. United Kingdom 
7.4.2. Germany
7.4.3. France
7.4.4. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Others


8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix


9. COMPANY PROFILES 
9.1. Daifuku Co. Ltd
9.2. John Bean Technologies Corp.
9.3. KION GROUP AG
9.4. Kollmorgen Corp
9.5. KUKA AG
9.6. Murata Machinery Ltd 
9.7. Bastian Solutions
9.8. Toyota Industries corp
9.9. SSI Schaffer
9.10. Dematic
9.11. Alstef Group
9.12. The AGVE Group

Daifuku Co. Ltd

John Bean Technologies Corp.

KION GROUP AG

Kollmorgen Corp

KUKA AG

Murata Machinery Ltd AGV

Bastian Solutions

Toyota Industries corp

SSI Schaffer

Dematic

The AGVE Group             

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