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 global 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.
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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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 defense, 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 defense 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.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Mobile robotics Market, By Segments
- Competitive Analysis
Continued…
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Market Research Report (MRFR) has published an innovative report “Global Mobile Robotics Market” which is estimated to expand extensively at a CAGR of 17.15% during the forecast period.
This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis.
The competitive landscape section of the statistical report presents information on major key players in the global market.
The report also examines the impact of the COVID-19 pandemic on the global market.The Mobile Robotics Market is increasing significantly due to the expansion of the industrial segment coupled with the massive advancements in Industrial Internet of Things (IIoT).
The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively.
Major players operating in the global mobile robotics market are also examined in the report in order to provide readers with a complete overview of the competitive landscape of the market.Competitive landscape:The competitors at the forefront in the market of global mobile robotics market are KUKA Robotics Corporation (Germany), Denso Corporation (Japan), Epson America, Inc., (US), Northrop Grumman Corporation (US), Harvest Automation (US), iRobot Corporation (US), FANUC Ltd (Japan), Universal Robots (Denmark), Honda Motor Co., Ltd. (Japan), and Yaskawa Motoman Robotics (US).Mobile Robotics Market@ https://www.abnewswire.com/pressreleases/mobile-robotics-market-to-gain-prominence-in-automotive-sector-with-rising-demand-know-covid19-analysis-industry-analysis-by-size-share-sales-revenue-business-strategy-regional-forecast-2023_521099.htmlImpacting Factors:Mobile robotics systems are gaining prominence and acceptance in several factories and plants due to their functionalities which drives the growth of the market.
Mobile robots represent powerful robots which act on a variety of operations according to their programmed configurations.Advancement in mobile robotics technology is significantly evolving in different functional areas as defense, warehousing, medical& healthcare, and logistics.
It aids the humans in managing a specific set of task to overcome the human restraining and efficient in saving the cost of production.Optimized use of the resource in terms of labor cost, aging workforce and growing demand for productivity are presumed to impel the demand for the market growth.
UGV is presumed to be the leading the segment over the projected year attributed to rising demand in the implementation in areas of military and defense agencies.
UAVs are presumed to witness a substantial increase throughout the projected period associated with significant increase in the areas of photography, defense, wildlife research and survey, military, surveying and mapping, and security applications.The USVs has been impelled by cost-efficient wireless data system and global positioning system, which supposed to continue over the next few years.Application InsightsBy end-use, the mobile robotic market is bifurcated into service and industrial segment.
Personal end-use comprised of domestic purposes such as maintenance, cleaning, and entertainment.
Professional end-use covers logistics, agricultural, forest harvesting, medical, mining, and military & defense.Reduced price of cameras and sensors and feasible and accessibility of open source software development platforms are propelling factors for the increased demand for domestic robots for personal end-use such as vacuum cleaners and lawn movers.
The market is increasing substantially owing to the expansion of the industrial segment coupled with the massive advancements in Industrial Internet of Things (IIoT).
The application of mobile robotics in personal household, oceanic exploration, space exploration, automotive and warehousing expected to further the market share in the upcoming years.Key PlayersThe prominent players in the market of global Mobile Robotics Market are – iRobot Corporation (US), Honda Motor Co., Ltd. (Japan), Denso Corporation (Japan), KUKA Robotics Corporation (Germany), Northrop Grumman Corporation (US), Harvest Automation (US), FANUC Ltd (Japan), Epson America, Inc., (US), Universal Robots (Denmark) and Yaskawa Motoman Robotics (US)The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio.
There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.Regional Insights:The region-wise analysis of the market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the world.
Furthermore, the governments in the US, Mexico, and Canada are advancing to inspire the acceptance of mobile robotics in the aerospace & defense sector.
Also, the North American region is experiencing a high implementation of mobile robotics for home uses such as lawn mowing, vacuum & floor cleaning, and others.
The Asia Pacific region holds the next major market for mobile robotics sowing to the rising industrialization and manufacturing actions in this region.
