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:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Mobile robotics Market, By Segments
7.
Competitive Analysis
Continued…
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