Europe to Hold Largest Share of AGV Software Market for In-Built Vehicle Software During Forecast Period

Europe to Hold Largest Share of AGV Software Market for In-Built Vehicle Software During Forecast Period

The growth of AGV software market is fueled by the rising demand for automation across different industries, globalization of supply chain networks, and increasing adoption of on-cloud warehouse management system (WMS) solutions. The 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.

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 have adopted strategies such as product launches and developments, partnerships, contracts, acquisitions, and expansions to widen their global presence and increase market share.

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KION Group (Germany) was ranked 1st in the global AGV software market in 2017. It was incorporated in 2006. The group designs, builds, and supports logistics solutions—such as forklifts, warehouse equipment, and automation solutions—that optimize material and information flow within factories, warehouses, and distribution centers. KION is a holding company that operates 5 global brands (Dematic, Egemin Automation, Linde, STILL, and Baoli) and 3 regional ones (Fenwick (France), OM STILL (Italy), and Voltas (India)). In November 2016, the company acquired Dematic (Luxembourg), a leading automation and supply chain optimization specialist.

Dematic is one of the global leaders in automated materials handling and provides comprehensive warehouse automation solutions. Dematic’s products include intelligent software, conveyors, and AGVs and sortation, automated storage, and retrieval systems. Dematic also provides an on-board navigation system for AGVs, called E’nsor, which supports multiple navigation technologies such as laser, magnet, wire, and camera. E’tricc is another software that helps manage traffic on shop floors, issue transport orders to vehicles, and diagnose any problems. The company has installed more than 4,000 AGVs globally till date. In May 2015, KION acquired the Handling Automation division of Egemin, which is since integrated with Dematic.

 

KUKA (Germany) held the 2nd rank in the global AGV software market in 2017. The company was founded in 1898. It develops robots and automated production systems and solutions. The company has 3 business segments: KUKA Robotics, KUKA Systems, and Swisslog. Swisslog’s Warehouse and Distribution Solutions (WDS) segment offers industry-specific solutions to distribution centers and automated warehouses. Swisslog also offers AGVs for flexible materials handling, and TransCar Manager Software for managing them. The software provides various features such as navigation, loading zones of pickup and drop-off station, and battery management. The company’s clientele includes AMAG Automobil- und Motoren and Livzon Pharmaceutical Group.

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