Summary
A New Market Study, titled “Mobile Robotics Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
Market Analysis
The mobile robotics market will grow at a healthy 17.15% CAGR between the forecast period 2018- 2023, states the recent Market Research Future (MRFR) analysis. Mobile robotics is the branch of technology and science where developers make mobile robots that can move in all environments sans the need for human intervention. Software, sensors, and other gears are used for controlling such robots.
Various factors are propelling the mobile robotics market share. According to the recent MRFR market estimates, such factors include the growing need for safety of life, demand from online retailers, the emergence of industry 4.0 into warehousing and logistics, advancements in technology, rising adoption in the agricultural sector, demand for intelligent robots, increasing adoption in machine learning, booming e-commerce sector, rising internet penetration, demand for automation solutions, and trend of online shopping.
On the contrary, lack of awareness among small scale industries of emerging technology, high cost of tools and equipment, scarcity of skill sets, challenges faced by mobile robots while working in untested environments, and the impact of the COVID-19 pandemic may deter the global mobile robotics market growth over the forecast period.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global mobile robotics market based on software and hardware. The hardware segment is again segmented into sensors, motors, control units, power units, and others.
By navigation type, the mobile robotics market is segmented into autonomous underwater vehicles (AUVs), unmanned surface vehicles (USVs), unmanned aerial vehicles (UAVs), and unmanned ground vehicles (UGVs).
Based on application, the mobile robotics market is segmented into education and research, domestic household tasks, entertainment, security and surveillance, inspection and maintenance, and others.
Based on vertical, the mobile robotics market is segmented into retail, automotive, healthcare, logistics and warehousing, manufacturing, military and defence, and others. Of these, logistics and warehousing will lead the market over the forecast period.
Regional Analysis
By region, the mobile robotics market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will have the lions share in the market over the forecast period. Well-established robotics techniques, deployment of mobile robots for different industrial applications, high investments by the government in Mexico, Canada, and the US to encourage the use of mobile robotics for the aerospace and defense sector, and high adoption in domestic purposes like lawn mowing, vacuum and floor cleaning, and others are adding to the global mobile robotics market growth in the region.
In the APAC region, the mobile robotics market is predicted to hold the second-largest share over the forecast period. Rising manufacturing activities and industrialization, increasing adoption of mobile robotics on a huge scale for different end use industries like personal assistant applications, education, healthcare, manufacturing, and defence applications, flourishing e-commerce industry, reluctant rise in the demand for efficient and smart warehouses, the prosperity of the manufacturing sector, and the growing need for automation for streamlining different manufacturing processes are adding to the global mobile robotics market growth in the region over the forecast period.
In Europe, the mobile robotics market is predicted to have sound growth over the forecast period. The increasing adoption of mobile robotics in healthcare and automotive industries in the UK, France, and Germany is fuelling the growth of the market.
In the RoW, the mobile robotics market is predicted to have steady growth over the forecast period.
Key Players
Leading contenders profiled in the mobile robotics market report include Yaskawa Motoman Robotics (US), Universal Robots (Denmark), Epson America, Inc., (US), FANUC Ltd (Japan), Harvest Automation (US), Northrop Grumman Corporation (US), KUKA Robotics Corporation (Germany), Denso Corporation (Japan), Honda Motor Co., Ltd. (Japan), and iRobot Corporation (US).
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