Monday, October 12, 2020

Mobile Robotics Market Poised to expand with a CAGR of 17.15% approximately in the forecast period by 2023

This report has published stating that the global Mobile Robotics Market is anticipated to expand significantly 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. It provides a deep insight into the industry parameters by accessing the market growth, consumption volume, the upcoming market trends, and the different prices variation for the forecast year. 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 boiler system 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 superior reliability and accessibility offered by mobile robotics is boosting their demand in various setups. 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.

Mobile robotics systems are gaining prominence and acceptance in several factories and plants due to their functionalities which drives the growth of the market. The recent innovations along with its impact on innovative growth that is expected to be introduced by the significant players form a core part of the report. The outline for growth plans also has stimulated the market for potential new entrants. The market contenders are making substantial adjustments to minimize the prevalence of competitive disadvantage. 

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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).

Segmental Analysis:

The global mobile robotics market is segmented on the basis of components, navigation type, application and vertical.

On the basis of components, the market is segmented into software and hardware. The hardware component is additionally segmented into control units, power units, sensors, motors, and others.

The navigation type segment of the market is segmented into unmanned surface vehicles (USVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and autonomous underwater vehicles (AUVs).

The application- based segmentation of the market consists of entertainment, inspection & maintenance, domestic household tasks, education & research, security & surveillance, and others.

On the basis of vertical, the mobile robotics market is segmented into manufacturing, logistics & warehousing, military & defense, healthcare, retail, automotive, and others.

Regional Analysis:

The region-wise analysis of the market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the world. The North American region is controlling the mobile robotics market owing to the deployment of mobile robots for various industrial applications and well-established robotics techniques. The Asia Pacific region holds the next major market for mobile robotics sowing to the rising industrialization and manufacturing actions in this region. The European region is responsible for the third major market for mobile robotics owing to the acceptance of mobile robotics in the automotive and healthcare industries in France, Germany, and the UK.

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