Mobile Robots Market to Witness Rapid Growth in Next Five Years

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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