Mobile Robots Market to Witness Rapid Growth in Next Five Years
Declining price of robotic
components and rising technological innovations are some major factors driving
the growth of global mobile robots market.
According
to TechSci Research report, “Global Mobile
Robots Market By Operations (Aerial, Ground, Marine), By Component
(Hardware, Software, Support & Service), By Type (Professional Robots,
Personal & Domestic Robots), By Application (Logistics & Warehousing, Defense,
Healthcare, Entertainment, Agriculture & Forestry, Personal Applications,
Others), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness
a robust CAGR during the forecast period on account of growing demand for Automated
Ground Vehicles (AGVs) of warehouse automation and increasing popularity of robots
for personal use such as companionship and entertainment. Moreover, declining
prices of robotic components such as sensors, actuators, etc. are also leading
to increasing sale of mobile robots globally. The increasing footprint of
aerial, ground, and marine mobile robots in defense operations, agriculture
practices, warehouse automation and variety of domestic applications are some
other key factors propelling the growth of global mobile robots market. In
addition to this, with growing technological
innovations, the market is poised to grow significantly over the next five
years.
Furthermore, the growing adoption of robotic
technology in hospitals for drugs transportation and to track patient’s health
is another major factor contributing to the growth of global mobile robots
market. Apart from this, growing industrialization and favorable funding
scenario are expected to drive the market growth through 2025.
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The global
mobile robots market is segmented based on operations, component, type, application
and region. Based on operations, the market is segmented into aerial, ground
and marine. Among them, the ground segment is anticipated to dominate the
market over the forecast period owing to increasing application of mobile
robots in military and defense. However, aerial segment is projected to grow at
the highest rate owing to the increased application for photography, surveying
& mapping.
Based
on type, global mobile robots market can be segmented into professional robots,
personal and domestic robots. Among them, professional robots segment is
expected to undergo fastest growth during the forecast period on account of
their increasing medical application such as surgery assistance and laboratory
automation.
Leading players operating in the global mobile robots market are Samsung
Electronics Co. Limited, Kuka AG, Northrop Grumman Corporation, SZ DJI
Technology Co., Ltd., Lockheed Martin Corporation, Bluefin Robotics Corporation,
FANUC Ltd., Kawasaki Heavy Industries Ltd. and Adept Technology Inc., among
others. Companies are focusing on developing robots which are capable of
sustaining and performing in challenging environments. Moreover, they are also
undergoing inorganic growth strategies such as mergers & acquisitions,
strategic collaborations and partnerships in order to increase their share in
global mobile robots market.
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“Asia
Pacific dominated the global mobile robots market in 2019 and is further expected
to continue its growth rate during the forecast period. The region is
witnessing increased use of mobile robots in agricultural, medical and
industrial applications with major demand emanating from countries like
Australia, Japan, China, India, and South Korea. Also, the high rate of
penetration rate of e-commerce in Asia Pacific is creating the need for AGVs
for warehouse automation,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Mobile Robots Market By Application (Sales and
Marketing Management, Customer Experience Management, Competitive Intelligence,
Risk Management and Fraud Detection, Public Safety and law Enforcement &
Others), By Analytics Type (Predictive Analytics, Prescriptive Analytics,
Diagnostics Analytics & Descriptive Analytics), By Deployment (On-Premises
Vs On-Demand), By Organization Size (SME’s Vs Large Enterprises), By Industry
(BFSI, Retail and E-Commerce, Government and Defense, Healthcare and Life
Science, Manufacturing & Others), By Region, Forecast & Opportunities,
2025” has evaluated the future growth potential of mobile
robots market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global mobile robots market.
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