Mobile Robotics Market 2019 Global Industry Size, Share, Trends, Business Growth, Strategic Factor, Leading Companies, Emerging Technologies, New Applications and Forecast 2023

Mobile Robotics Market 2019 Global Industry Size, Share, Trends, Business Growth, Strategic Factor, Leading Companies, Emerging Technologies, New Applications and Forecast 2023

“” Mobile Robotics Market “”
The report about the global mobile robotics market published by Market Research Future (MRFR) predicts the growth at 17.15% CAGR between 2018 and 2023. On the other hand, the market value can be pegged at USD 15 Bn by the end of the forecast period.

Mobile Robotics Market Overview:

Mobile robots are defined as movable robots or robotic systems with the capacity to move in a physically demanding environment. They are used in completing chores or accomplish tasks on the basis of their programming.

Prominent factors elevating the global mobile robotics market growth include the growing use of mobile robots for navigation purposes and their demand for industrial and technical applications due to their superior reliability and accessibility. Mobile robots offer uninterruptible execution of monotonous tasks that include surveillance and inspection of inaccessible sites with hazardous environments. Due to advancements in Industrial Internet of Things (IIoT), and adoption of mobile robotics in different industries, the market for mobile robotics is going. Autonomous mobile robots can easily automate material handling and in-house transportation tasks. In logistics, many enterprises are adopting automated guided vehicles (AGVs) and mobile collaborative robots to perform different tasks in freight operations that include heavy lifting, seaport docking, and alignment of different objects. However, factors that reduce the market growth speed include high capital investments for AGVs, lack of technical expertise, and risk of cybersecurity among robots connected with internal systems.

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Key Players

Major players in the global mobile robotics market include Denso Corporation (Japan), Epson America Inc. (USA), FANUC Ltd (Japan), Harvest Automation (USA), Honda Motor Co. Ltd. (Japan), iRobot Corporation (USA), KUKA Robotics Corporation (Germany), Northrop Grumman Corporation (USA), Universal Robots (Denmark), and Yaskawa Motoman Robotics (USA).

Latest Industry News

California-based Fetch Robotics Inc. has raised USD 46 mn in Series C funding to expand its operations into developing autonomous mobile robots (AMRs). 23 JUL 2019

Market Segmentation

The global mobile robotics market segmentation encompasses application, components, navigation type, and vertical.

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

By component, the market has been segmented into hardware and software. The hardware component has been subs-segmented into control units, motors, power units, sensors, and others.

By navigation type, the market has been segmented into autonomous underwater vehicles (AUVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and unmanned surface vehicles (USVs).

Verticals which form the major clients of the market have been segmented into automotive, healthcare, logistics & warehousing, manufacturing, military & defense, retail, and others.

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Regional Segmentation

The regional segmentation of the global mobile robotics market highlights North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

North America dominates the global market due to the deployment of mobile robots for various industrial applications and well-established robotics techniques being available in this region. The governments in the USA, Canada, and Mexico are investing to encourage people and industries to adopt mobile robotics for the aerospace & defense sector. In North America, especially the USA, mobile robots are being used for vacuum & floor cleaning, lawn mowing, and other domestic activities.

Asia Pacific is the second-largest regional market due to rising industrialization and manufacturing activities in this region. Countries like China, India, and Japan are adopting mobile robotics on a large scale for defense, education, healthcare, manufacturing, and personal assistant applications.

Europe is the third-largest regional market due to the adoption of mobile robotics in the automotive and healthcare industries in France, Germany, and the UK.

The RoW segment covers Latin American countries and the Middle East & Africa (MEA). In Latin American countries, the market is smaller than in North America due to limited technological advancement. In the MEA region, the market is small due to a lack of awareness about robotics. However, in the coming years, the market growth can be expected due to efforts being made by governments Middle Eastern region to establish manufacturing sector and industrial sector to reduce dependence on oil.

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