According to a new report published by Reports Monitor titled, “ Global Mobile Robotics Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global mobile robotics market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Mobile robotics has a wide application range, right from inspection and maintenance to surveillance and security. Mobile robots have the potential to move around in their surrounding and are not fixed to single physical location. Mobile robots inferred non-stationary robots which performs several operations according to their configuration.
Growing demand for automatic equipment’s from defense and aerospace industry , development in the autonomous technology as well as the growth of automation in the manufacturing industry are the factors driving the growth of the market .The market is also driven by factors such as sophistication of artificial intelligence software, converging robotics technology with mobile technologies. Present orientation of markets includes public health, personal care and services in the public, domestic and industrial environments. High maintenance and high price are some of the restraints of the mobile robotics market. The high initial cost involved with these robots is hindering the growth of the market .Healthy growth opportunities are identified due to comparatively untapped markets in African countries and worldwide expanding defense spending.
The global robot market is segmented on the basis of type, application, industry ,components and region. On the basis of components, mobile robotics is segmented as power units, control units motors as well as sensors and software. On the basis of types, the market has been segmented into aerial vehicles, ground vehicles and marine vehicles. Industries covers logistics & warehousing, healthcare, marine, manufacturing, aerospace & defense, entertainment among others. Whereas, mobile robotics covers applications segmented as inspection & maintenance, surveillance & security among others. Domestic applications market is becoming popular due to adoption of robotic vacuum cleaners. Defense, warehousing and logistics segments are leading the market because of the early adoption.
Asia-Pacific is leading the market of Mobile robots due to the rich environment of manufacturing industries and growing economy of the countries. In the growth of mobile robotics market, countries like India, China and Japan are contributing heavily. However, North America is considered as the second biggest market. Due to the strong presence of healthcare industry in Germany, France & U.K among other countries, Europe stands as third biggest market.
The key vendors in this market are: - iRobot Corporation (U.S.), Denso Corporation (Japan), KUKA Robotics Corporation (Germany), Honda Motor Co., Ltd. (Japan), Northrop Grumman Corporation (U.S.), Harvest Automation (U.S.), Epson America, Inc., (U.S.), FANUC Ltd (Japan), Yaskawa Motoman Robotics (U.S.), Universal Robots (Denmark).
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