Loading...

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

 
 

quote Based on product, the UAV segment dominated the global mobile robotics market in 2018, in terms of revenue. However, the UGV segment is expected to grow at the highest CAGR during the forecast period. Unmanned ground vehicles (UGV) are expected to serve as future combat systems for military purposes. For instance, the United States Armed Forces invest in future combat systems (FCS) that include the designs and developments in reference to these unmanned ground vehicle systems and other devices. Various programs are taken up by the defense sector, including the robotic follower advanced technology, which deals in UGV systems that are capable of following a manned lead vehicle. quote

Rahul Kumar
Research Analyst, Semiconductor & Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

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.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Mobile Robotics Market by Product (UGV, UAV, and AUV), Component (Hardware, Software, and Support & Services), Application (Logistics & Warehousing, Military & Defense, Healthcare, Domestics, Entertainment, Education, Agriculture & Forestry, and Others): Global Opportunity Analysis and Industry Forecast, 2019 - 2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Global Mobile Robotics Market"
Purchase Enquiry