Global Automated Guided Vehicle (AGV) Software Market to Reach $1.4 Billion by 2030
The global market for Automated Guided Vehicle (AGV) Software estimated at US$816.4 Million in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 8% over the period 2023-2030. In-built AGV Software, one of the segments analyzed in the report, is expected to record 8.7% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Integrated AGV Software segment is estimated at 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $250.7 Million, While China is Forecast to Grow at 7.4% CAGR
The Automated Guided Vehicle (AGV) Software market in the U.S. is estimated at US$250.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$238.2 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 6.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.
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