According to Data Bridge Market Research new Market report, global mobile robots market will account to an estimated USD 17,900 million in 2018 growing at a CAGR of 22.89% during the forecast period of 2019 to 2026.
Global Mobile Robots Market
Mobile robots are an extension of artificial intelligence infrastructure, in which its physical form is able to move in a particular environment. These robots have a number of sensors attached to them that are integrated with software, which help in their mobility and keeping a check of their environment. These robots are available in both the types, autonomous and non-autonomous, as they can work without the need for an external user to provide the tasks as well as the user can have complete control of the robots.
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Global mobile robots market is segmented on the basis of operating environment, component, type, application and geography.
By Operating Environment (Aerial, Ground, Marine), Component (Hardware, Software), Type (Professional Robots, Personal & Domestic Robots), Application (Domestic, Entertainment, Education & Personal, Military, Field, Medical, Public Relations & Inspection, Logistic, Human Exoskeleton, Construction & Demolition) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN MOBILE ROBOTS MARKET
Rise in adoption of robots globally
According to International Federation of Robotics (IFR), there has been a significant rise in adoption and demand for industrial robots globally. This demand of industrial robots has been in line with the prevalence of warehouse automation and Industry 4.0. These factors have directly affected the need for autonomous systems and equipment for the basic operations in warehouses and industries. High demand of these industrial robots consist the demand for mobile robots, this in turn is expected to directly affect the market value positively.
Rising prevalence of Industry 4.0 and warehouse automation is affecting the need and demand for various robots.
Few of the major competitors currently working in the mobile robots market are Northrop Grumman Corporation, Kuka AG, Honda Motor Co., Ltd, SoftBank Corp., Irobot, DJI, Lockheed Martin Corporation, Kongsberg Maritime, Bluefin Robotics Corporation (General Dynamics Mission Systems, Inc.), Samsung Electronics, Parrot Drones SAS., 3DR, GeckoSystems Intl. Corp., LG Electronics, Amazon Robotics, Mayfield Robotics, Promobot, BLUE FROG ROBOTICS & BUDDY, Lego and ECA GROUP.
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Global Mobile Robots Market – Industry Trends and Forecast to 2026