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Mobile robotic market is anticipated to reach USD 20.8 billion globally by 2024 according to new research report

Global Mobile Robotics Market by Product (Unmanned Ground Vehicles, Unmanned Aerial Vehicles, Unmanned Surface Vehicles, Autonomous Underwater Vehicles) and Region - Global Forecast to 2024

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Mobile robots Make an Inquiry about this news are the automatic machines which are capable of performing various tasks according to their configurations. The principle activities of mobile robots are mapping, navigation, localization, perception, and locomotion.

These robots are widely used by different sectors such as entertainment industry, healthcare, military, mining, automotive and others. Mobile robots are equipped with advance technology which includes cameras, sensors, and others.

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Market Size and Forecast

The global mobile robotic market is expected to grow at a CAGR of 10.1% over the forecast period i.e. 2017-2024. Further, mobile robotic market is anticipated to reach USD 20.8 billion globally by 2024. Likely, growing demand for mobile robotics from defense and health care sector is envisioned to flourish the growth of mobile robotics market Make an Inquiry about this news across the globe.

In terms of geography, Asia-Pacific is expected to dominate the global mobile robotics market over the forecast period. Additionally, Asia-Pacific region in 2016 accounted for the highest market share of 34% of the overall mobile robotics market.

The region is anticipated to witness significant growth owing to rapid industrialization accompanied by increasing manufacturing activities in this region. The major countries witnessing the demand for mobile robotics include China, India and Japan.

Moreover, increasing adoption of mobile robots by defense and logistic sector in this region is believed to foster the growth of mobile robotics market.

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Asia-Pacific region is followed by North America and Europe region. North America holds the second largest market of mobile robotics.

North America is likely to exhibit high growth avenues with U.S. mobile robotics market. Likely, the growth of mobile robotics in this region is attributed to the rising adoption of mobile robots for the domestic purposes such as for vacuum and floor cleaning, lawn mowing and others.

Europe region is projected to show a tremendous growth by the end of 2024. Further, Europe stands as the third largest market owing to the increasing adoption of mobile robots by the healthcare industry.

France, Germany and U.K. are the major countries which are leading the Europe region market.

Middle East and Africa region is also projected to fuel the demand for mobile robots over the forecast period owing to the rising awareness regarding its usage in agriculture practices.

Market Segmentation

Our in-depth analysis segmented the global mobile robotics market in the following segments:

By Product Type

  • Unmanned Ground Vehicles
  • Unmanned Aerial Vehicles
  • Unmanned Surface Vehicles
  • Autonomous Underwater Vehicles

By End User

  • Industrial
  • Commercial
  • Domestics
  • Others

By Region

Global mobile robotics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, South Africa, North Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Rising per capita income in the developing nations and rising awareness regarding its usage in agriculture practices, border surveillance, and law enforcement are believed to be the dynamic factors behind the growth of mobile robotics market. Further, wide adoption of mobile robots across different industry for logistic purposes is also expected to boost the demand for mobile robots across the globe.

Moreover, favorable government initiatives along with increasing investment in defense sector for the adoption of mobile robotics is projected to flourish the growth of mobile robotics market over the forecast period. Further, rapid industrialization and adoption of technologically advanced mobile robots for domestic purposes like cleaning and others are also predicted to expand the market for mobile robotics.

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However, high initial investment associated with the installation of mobile robotics is anticipated to dampen the growth of global mobile robotic market over the forecast period. Moreover, high maintenance associated with mobile robotics is expected to hamper the growth of this market.     

Key players

The major key players for mobile robotics market are as follows

  • iRobot Corporation

o    Company Overview

o    Key Product Offerings

o    Business Strategy

o    SWOT Analysis

o    Financials

  • KUKA AG
  • Bossa Nova Robotics
  • Bluefin Robotics Corporation
  • Adept Technology, Inc
  • John Deere
  • Gecko Systems Intl. Corp 
  • Seegrid Corp.
  • ECA Robotics
  • Bluefin Robotics

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global mobile robotic market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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