According to a recent report, the global robotic simulator market is expected to grow by USD 1.12 billion between 2022 and 2027, with a compound annual growth rate (CAGR) of 18.04% during the forecast period. The market is segmented by application, deployment, and geography.

One of the key factors driving the growth of the robotic simulator market is the increasing demand for robotic system integrators. These integrators play a crucial role in providing advanced robots and services to end users for arduous and challenging tasks. By using simulation, integrators can save time and costs by adjusting the size of the robot without any additional project costs. This cost-saving advantage is a major driver for the growth of the robotic simulator market.

The report also highlights the key players in the market, including ABB Ltd., Altair Engineering Inc., FANUC Corp., Microsoft Corp., Siemens AG, and more. The market is fragmented in nature, and the robotic production segment is expected to be significant during the forecast period. Robotic simulators are essential for developers to experiment with robots virtually and reduce errors in robotic production and automation. This segment is expected to witness growth due to the increased use of data in the production of effective robots, resulting in time and cost savings.

However, the market faces challenges related to the cloud platform, including threats and vulnerabilities. Despite this, the overall market is expected to observe a year-on-year growth rate of 17.34% in 2023.

In conclusion, the global robotic simulator market is poised for significant growth driven by the increasing demand for robotic system integrators. The use of simulation not only saves time and costs but also allows developers to experiment with robots virtually, leading to more effective robotic production. Despite challenges related to the cloud platform, the market is projected to experience steady growth in the coming years.

Sources:
– Technavio
– PRNewswire