Global Mobile Robots Market: Innovative Features Integration in Products is Extending the Market Growth Opportunities

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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The main factor behind the growth of the market is:

  • High adoption of robots for personal use: One of the major factors behind the significant rate of adoption for different varieties of robots has been their demand from individuals for their entertainment and personal use. This has been backed by an increase in their disposable income which has resulted in utilizing this extra income on their entertainment or even enhancement of comfort. Majority of the usage of mobile robots for personal use is for cleaning or entertainment such as floor-cleaning, lawn-cleaning, companion bots or even educational robots
  • Growing influx for warehouse automation: Warehouse automation has been prevalent for a long time, but with the wide-spread adoption of Industry 4.0, a majority of factories and warehouses have taken this as a cue to take advantage of the opportunity presented by this industrial trend in utilizing mobile robots in their warehouse to reduce the overall human interaction in hazardous conditions while promoting the overall efficiency and effectiveness of their infrastructure

The market is segmented on the basis of operating environment as aerial, ground, marine; component as hardware, software; type is segmented into professional robots, personal & domestic robots; application is segmented into domestic, entertainment, education & personal, military, field, medical, public relations & inspection, logistics, human exoskeleton, construction & demolition.

Some of the recent market developments are as follows:

  • In August 2019, Iconsys announced that they had indulged into autonomous solutions with the launch of “iAM-R (iconsys Autonomous Mobile Robot)”. This launch is evident of their strategy to provide their customers with specialized autonomous robotic solutions for different industrial verticals. The robot has been designed for manufacturing and logistics operations equipped with enhanced navigation and robotic automation to plan the routes so as to avoid any obstacles along the way
  • In March 2019, Nord Modules announced that they had initiated their expansion by entering into the US region. Their offerings for the region include a range of material-moving modules that interconnect production lines and logistics supply chain with the help of autonomous mobile robots. The company offers specialized flexibility solutions for the manufacturing and logistics industry while reducing the chances of accidents and injuries to employees with the adoption of mobile robots

“According to Data Bridge Market Research, global mobile robots market is growing at a highest CAGR of 22.89% during the forecast period of 2019 to 2026”

Some of the major players operating in the 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, ECA GROUP and others.

Currently, the market for mobile robots is still at a very young stage and therefore the manufacturers are experimenting on a large-scale regarding the features and characteristics of their products. Many of these manufacturers are investing heavily in research & development to introduce special features in their products. This essentially means providing these robots with specialized software and integrating them with the company’s IT system so as to better monitor their operations.