Global Mobile Robotics Market is Expected to Reach $39,585 Million by 2026

According to a recent report published by Allied Market Research, titled, "Mobile Robotics Market by Product, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2026," the global mobile robotics market was valued at $9,340 million in 2018, and is projected to reach $39,585 million by 2026, growing at a CAGR of 21.5% from 2019 to 2026.

At present, North America dominates the mobile robotics market owing to technological advancements. The development of the e-commerce, automotive, food & beverage, and pharmaceutical industries majorly drives the growth of the mobile robotics industry in North America. The key factors responsible for the growth in these industries include increase in competitiveness among the players in these industry verticals and high cost of labor in North America. To control labor costs, robots help companies automate the ordinary and repetitive parts of their processes, allowing skilled workers to engage on more important tasks. North America is the largest importer of goods, and these imports are in huge volume. This in turn has fueled the requirement for warehouse infrastructure, thus driving the growth of mobile robotics in North America, followed by Europe. U.S. dominated the North America market and the Germany led the overall mobile robotics market in Europe in 2018. 

Europe has sponsored various programs that are largely involved in mobile robotic technology specifically designed for military use. For instance, increase in programs such as climbing and walking robots (CLAWAR) and navigation of autonomous robots via active environmental perception (NARVAL) fuel the market. However, in Asia-Pacific, China currently dominates the market. China has progressively competed with the U.S. in technological innovations in mobile robotics. In November 2018, a Chinese start-up, Syrius Robotics, co-founded by Alibaba’s former director of robotics, Luo Xuan, built autonomous mobile robots with JD Logistics. The collaboration was done to integrate the robots into two model warehouses for further testing and optimization. Moreover, the logistics robots are equipped with features such as active binocular 3D cameras & fish eye cameras, ultrasonic sensors, 10-hour battery life, 50-kg capacity payload, fleet management software & cloud services, and others. 

With advancements in robotics technology and increased flexibility in the use of robotics, robots cover a wide range of applications in the healthcare industry. Robots are used in hospitals, clinics, pharmaceutical companies, and by medical device manufacturers. The application of mobile robotics in the healthcare industry includes drugs transportation, specimen delivery, pick & place, and patient care. For instance, SwissLog, a German company that designs, develops, and delivers automation solutions to the healthcare industry, provides products such as TransCar AGV, Relay Autonomous Service robots, and Robo courier, for heavy-object movement and patient care across hospital lobby or lab. 

Robotics technology is a combination of hardware equipment and software used for various activities that include designing, manufacturing, and other activities involved in various industries. It allows users to automate processes, increase productivity, enhance quality, and reduce human errors. Mobile robotics offer higher level of uptime over manual labor that leads to major productivity gains and profitability. For instance, an autonomous mobile robot can adapt to the changes in surroundings, and its application is expected to increase the efficiency in delivering the services effectively with upmost precision and without any error. In addition, automated aerial, ground, or submarine vehicles are used to track or fight during critical war situation or are used for border security. These are also used for spying or surveillance activity by different security intelligence teams across the globe.

Key Findings of the Mobile Robotics Market:

• Based on product, the UAV segment held the highest mobile robotics market share in 2018. However, the UGV segment is anticipated to witness higher growth than UAV over the forecast period. 
• Based on component, the hardware segment dominated the global mobile robotics market in 2018. 
• Based on region, North America held the majority share in the mobile robotics market in 2018. 
• By industry vertical, the logistics & warehousing segment dominated the global mobile robotics market in 2018. However, the domestics segment is expected to grow at the highest CAGR during the forecast period.
• Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.