Mobile robotics finds extensive applications across industries. They streamline manufacturing, warehousing, and logistics with tasks such as material handling and inventory management. Featuring sensors and AI, they navigate autonomously, ensuring safety and precision. In healthcare, they aid in patient care delivery and medication distribution. In agriculture, they assist in precision farming. Their adaptability extends to exploration, assisting in hazardous environments. With the potential for drone integration, their diverse uses span surveillance, mapping, and disaster response, highlighting their transformative role in modern industries.
According to Data Bridge Market Research, the Global Mobile Robotics Market accounted is at USD 18.9 billion in 2021 and the market is expected to reach USD 72.99 billion by 2029. The market is expected to grow with a CAGR of 18.40% in the forecast period of 2022 to 2029.
“Widespread adoption of robots boosts the market’s growth”
The mobile robotics market experiences significant growth due to the widespread adoption of robots. Industries ranging from manufacturing and logistics to healthcare and agriculture utilize robots to enhance efficiency, accuracy, and productivity. These versatile robots perform tasks autonomously, such as material handling, inspection, and data collection. The trend reflects the increasing demand for automation solutions that streamline operations, reduce human intervention, and optimize resource utilization, thereby driving the expansion of the mobile robotics market.
What restraints the growth of the global mobile robotics market?
“Substantial upfront investment needed for robot installation restraints the market’s growth”
The mobile robotics market faces growth constraints due to the substantial upfront investment needed for robot installation. While mobile robots offer long-term benefits such as increased efficiency and reduced labor costs, the initial capital outlay can deter some businesses. Manufacturers and industries need to weigh the potential returns against the initial cost. As technology evolves and cost-efficiency improves, addressing this challenge will be pivotal in unlocking the full growth potential of the mobile robotics market.
Segmentation: Global Mobile Robotics Market
The global mobile robotics market is segmented on the basis of component, product, and end-user.
- On the basis of component, the mobile robotics market is segmented into software, hardware, and support services.
- On the basis of product, the market is divided into UGV, UAV, AUV, and USV.
- On the basis of end-user the mobile robotics market is segmented into coating and dispensing, warehousing and logistics, painting and de painting, domestic, entertainment.
Regional Insights: Asia Pacific dominates the Global Mobile Robotics Market
Asia Pacific dominates the market due to surge in demand for Unmanned Aerial Vehicles (UAVs), particularly in Australia, Japan, China, India, and South Korea. This demand is propelled by the growing utilization of UAVs in diverse sectors such as agriculture, healthcare, and industry. These versatile applications are expected to fuel significant market growth in the region.
North America expected for the high growth of mobile robotics as mobile robotics sector is experiencing rapid expansion in applications for domestic tasks like vacuuming, floor cleaning, lawn mowing, and more. This growth is driven by increased consumer demand for automation and convenience, leading to innovative, user-friendly robotic solutions that simplify household chores and improve daily life quality.
Recent Developments
- At MSPO 2019 in Poland, Rheinmetall, a German defense contractor, joined forces with Poland's WB Group to connect the Mission Master autonomous unmanned ground vehicle and the Warmate micro combat unmanned aerial vehicle.
- In August 2019, Teledyne Instruments, a subsidiary of Teledyne Technologies based in the United States, secured a contract from the US Navy. The contract encompasses the delivery of Autonomous Underwater Vehicles (AUVs) along with associated supplies and services for ongoing AUV development.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-mobile-robotics-market
The Prominent Key Players Operating in the Global Mobile Robotics Market Include:
- Omron Robotics and Safety Technologies, Inc (U.S.)
- Aethon (U.S.)
- Amazon.com, Inc. (U.S.)
- Barrett Technology, LLC (U.S.)
- General Dynamics Mission Systems, Inc. (U.S.)
- Boeing (U.S.)
- Bossa Nova Robotics (U.S.)
- ECA GROUP (France)
- FANUC CORPORATION (Japan)
- GeckoSystems Intl. Corp. (U.S.)
- Harvest Automation (U.S.)
- Alphabet Inc. (U.S.)
- Honda Motor Co., Ltd. (Japan)
- iRobot Corporation. (U.S.)
- Deere & Company (U.S.)
- Kongsberg Maritime (Norway)
Above are the key players covered in the report, to know about more and exhaustive list of global mobile robotics market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Mobile Robotics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
