Mobile Robotics Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026


Posted October 11, 2019 by itsaksh1996

Global Mobile Robotics Market is estimated to value over USD 39.5 billion by 2026 end and register a CAGR of over 21.5% during the forecast period 2019 to 2026.

 
The technology of robotics has witnessed increased adoption in various industrial and commercial settings. For instance, hospitals are now implementing autonomous mobile robots for tracking patient health and moving materials. The defence and military sector use service robots that are stationed on combat scenarios. Furthermore, mobile robotics enhance the soldier’s capabilities by giving a ground-level advantage to the troops. Additionally, a professional service robot, field robot is used in this sector for various functions like operating in life-threating situations to protect soldiers, carrying heavy equipment and rescuing wounded soldiers in combat zones.
Factors like increasing demand for mobile robotics from multiple online retailers and rising need for safety for human life are expected to drive the mobile robotics market growth in the future. Nonetheless, challenges faced by mobile robots while working in untested environments and high initial acquisition cost act as major barriers and impede the global mobile robotics market growth. On the contrary, factors like surge in adoption of mobile robotics in the agricultural sector and the emergence of industry 4.0 into warehousing and logistics are projected to offer profitable opportunities for the market globally.
With increased flexibility in the use of robotics and advancements in robotics, robots cover a wide range of applications, especially in the healthcare industry. Robots are used in pharmaceutical companies, clinics, hospitals and medical device manufacturers. The application of mobile robotics in the healthcare industry includes pick & place, specimen delivery, drugs transportation and patient care. For example, Swiss Log, a German company designs, develops, and delivers automation technology solutions to the healthcare industry, provides products such as Relay Autonomous Service robots, TransCar AGV and Robo courier, for patient care and heavy-duty moving.
Adoption of mobile robots in the agricultural sector is one of the trends which is positively affecting the mobile robotics market globally. Farmers are adopting robotic technology to improve yields and maintain productivity. For example, harvesting management is the most widely used application in agricultural robots, as it helps farmers in maximizing their yields and plays an important role in understanding the field variability. Additionally, flexible grippers are being used to automate the picking process and autonomous mobile robots (AMRs) are grasping advanced 3D vision systems.
Key market players include Amazon Robotics, Boston Dynamics, Honda Motor Co. Ltd., iRobot, Kuka AG, Kongsberg Maritime, Lockheed Martin Corp., Northrop Grumman Corp., Softbank Robotics, Ubtech Robotics Inc.
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Global Mobile Robotics Market Segmentation:
By Product
· Unmanned Ground Vehicle (UGV)
· Unmanned Aerial Vehicle (UAV)
· Autonomous Underwater Vehicle (AUV)
By Component
· Hardware
o Sensors
o Actuators
o Power Supply
o Control System
· Software
· Support & Service
By Application
· Logistics & Warehousing
· Military & Defense
· Healthcare
· Domestic
· Entertainment
· Education
· Agriculture & Forestry
· Others
By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
· To provide with an exhaustive analysis on the global mobile robotics market by product, by component, by application and by region
· To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
· To evaluate and forecast micro-markets and the overall market
· To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa
· To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
· Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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Categories Technology
Tags mobile robotics market share , mobile robotics market size , mobile robotics market trends
Last Updated October 11, 2019