Global mobile robotics market. The report talks about the market’s potential for growth over the forecast period from 2018 to 2023 based on the global mobile robotics market’s historical growth drivers and restraints. The global mobile robotics market is expected to rise to a valuation of USD 15 billion by 2023 at a robust 17.15% CAGR over the forecast period from 2018 to 2023.
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Mobile robots are movable robots or mobile robot systems that can move around in a physical environment. Mobile robots utilize power electronics, motors, sensors, processors, and artificial intelligence to travel around on the ground, in the air, underwater or space. Mobile robotics include autonomous mobile robots that are capable of navigating without external guidance and non-autonomous mobile robots that can do so only by utilizing a guiding system. Mobile robots have a wide range of industrial and technical applications due to superior reliability and accessibility. Mobile robots offer uninterruptible execution of monotonous tasks such as surveillance and inspection of sites that are inaccessible to humans such as locations with hazardous environments. The penetration of mobile robotics has been rapid in the industrial segment with massive advancements in Industrial Internet of Things (IIoT). Adoption of mobile robotics in various industries such as military & defense, logistics, personal household, oceanic exploration, space exploration, automotive and warehousing is driving the market growth.
By components, the market is segmented into hardware and software. The hardware component is further classified into power units, control units, motors, sensors, and others.
By navigation type, the market is segmented into unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), and autonomous underwater vehicles (AUVs).
By application, the market is segmented into inspection & maintenance, security & surveillance, entertainment, domestic household tasks, education & research, and others.
By vertical, the market is segmented into military & defense, manufacturing, logistics & warehousing, healthcare, automotive, retail, and others.
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Mobile Robotics Market – Competitive Analysis:
Leading players in the global mobile robotics market include iRobot Corporation, Denso Corporation, Northrop Grumman Corporation, FANUC Ltd., Universal Robots, Yaskawa Motoman Robotics, Epson America Inc., Harvest Automation, KUKA Robotics Corporation, and Honda Motor Co. Ltd.
Mobile Robotics Market – Industry Updates:
The Robotics Industries Association (RIA) is expected to release the R15-08 safety standard in 2019, focusing on mobile robotics more than stationary robots, in line with the growing use of mobile robotics over stationary robotics in the industrial sector. The older safety standard focused on the use of stationary robotic systems and didn’t offer valuable guidance to the growing mobile robotics sector.
In January 2019, Mobile Industrial Robots (MIR) announced a global strategic collaboration with automotive technology firm Faurecia for the use of MIR’s autonomous mobile robots in Faurecia’s plants.
Mobile Robotics Market – Regional Analysis:
North America is likely to dominate the global mobile robotics market over the forecast period due to the presence of a highly advanced manufacturing and industrial sector, which has been keen and prepared to adopt mobile robotics systems on a large scale. Government support to the steady development of the industrial and aerospace sectors in the U.S. and Canada is also likely to be a major driving factor for the mobile robotics market in North America over the forecast period. The adoption of consumer-oriented mobile robotics systems such as household cleaning devices is also high in the U.S., leading to steady growth prospects for the mobile robotics market in the region over the forecast period.
Asia Pacific is likely to make strong progress in the global mobile robotics market over the forecast period due to the growing adoption of mobile robotics solutions in regional superpowers such as China, India, Korea, and Japan.
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