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2021
Terrain Robot Market

Terrain Robot Market

by Type (Wheeled, Tracked, Legged, and Hybrid), Product (Hardware, Software, and Services), and Application (Military & Defense, Mining & Construction, Agriculture, and Others): Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13760
Pages: 208
Sep 2021 | 1297 Views
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 103
Charts: 50
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COVID-19

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The global terrain robot market size was valued at $0.43 billion in 2020, and is projected to reach $1.43 billion by 2030, registering a CAGR of 14.1% from 2021 to 2030. 

The wheeled segment has been positively influenced by the emergence of COVID-19 pandemic.

A terrain robot is a lightweight mobile robot designed and developed to cater to the strategic requirements of various industries. The objective of the terrain robot is to autonomously explore within an obscure climate and recognize objects of interest. Its primary applications include general security & reconnaissance, detection & defusal of landmines, recognition of bombs & explosives, putting out fires, dealing with hazardous materials, and supporting post-calamity rescue missions. The robot comprises a multi-agent-based client-server system architecture using asynchronous data communication and an inexpensive and specially designed infrared rangefinder for obstacle detection. The robot can be manually operated or its trajectory can be pre-programmed or operated from an online command console.

Terrain-Robot-Market

The growth of the global terrain robot market share is driven by rise in economies and developing automation universally. Terrain robots are going through continuous improvement to address the issues of cutting edge innovation from patrols for managing possible explosives, especially in military matters. In addition, manufacturers are leveraging new technologies such as Zigbee, Radiofrequency, and Digital Terrain Mapping (DTM) to develop highly advanced robots with sensors and guidance technology for easy operations. For instance, in February 2018, Guardbot launched a security robot with a whole load of sensors, including GPS, two cameras, and sound sensors, that is capable of maneuvering all types of terrains and swim in the water as well. Leading market players face challenges and impediments to meet new needs from different businesses in developing terrain robots, which may obstruct the market development. 

Automation of mining & construction industries is the prime reason that drives growth of the terrain robot industry during the forecast period. Further, surge in demand for military & defense applications accelerates the terrain robot market growth rapidly. Moreover, improvement in machine vision systems is opportunistic for the market growth. Considering these factors, the terrain robot market revenue is estimated to experience notable growth in the future.

Some of the other drivers for the terrain robot market growth are increase in investments in R&D of robotics technology and dearth of skilled labor. Increase in trend of precision agriculture is anticipated to offer lucrative opportunity for the growth of the terrain robot market. However, technical challenges in designing robots act as major restraint of the market. 

The global terrain robot industry has been significantly hampered by the COVID-19 outbreak. Market players faced significant impact on procuring raw materials, wherein time and shipping costs were major concerns. Furthermore, mining and construction industries temporarily halted their functioning, owing to shortage of workforce. Regardless, it created lucrative opportunities for the terrain robots market by the end of 2020. Subsequently, the terrain robot market is projected to grow rapidly post pandemic. 

The global terrain robot market share is segmented into type, product, application, and region. On the basis of type, the market is fragmented into wheeled, tracked, legged, and hybrid. The legged segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. Depending on product, the market is segregated into hardware, software, and services.

Terrain Robot Market
By Type

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Wheeled segment is projected as one of the most lucrative segments.

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Hardware was the prominent segment, in terms of revenue, in 2020, and is anticipated to witness significant market share during the forecast period. By application, the market is fragmented into military & defense, mining & construction, agriculture, and others. The market share for the mining & construction segment was highest in 2020, however, the agriculture segment is expected to grow at a high CAGR from 2021 to 2030. 

Region wise, the terrain robot market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The LAMEA terrain robot market size is expected to grow at the highest rate during the forecast period. 

Terrain Robot Market
By Application

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Mining & construction segment is expected to secure leading position during forecast period.

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Top Impacting Factors

Significant factors that impact growth of the terrain robot market include surge in demand for terrain robots for military & defense applications, improvement in the machine vision systems, and automation of mining & construction industries. However, technical challenges in designing robots hampers the market growth. On the contrary, increase in traction for precision agriculture poses lucrative opportunities for terrain robot during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major terrain robot market players, such as Boston Dynamics, Dr Robot Inc., Endeavor Robotics, Inc., Evatech, Inc., Inspector Bots, NIDES Ltd., Roboteam, Stanley Innovation, SuperDroid Robots, Inc., and Telerob. 

Terrain Robot Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 16.1% during 2021-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the terrain robot market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall terrain robot market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current terrain robot market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the terrain robot market share of key vendors and market trends.

Terrain Robot Market Report Highlights

Aspects Details
BY type
  • Wheeled
  • Tracked
  • Legged
  • Hybrid
BY product
  • Hardware
  • Software
  • Services
BY application
  • Military & defense
  • Mining & construction
  • Agriculture
  • Others
BY Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Market Players Boston Dynamics, Dr Robot, Inc., Evatech, Inc, Inspectorbots, NIDES s.r.o., Roboteam, Stanley Innovation, SuperDroid Robots, TELEDYNE TECHNOLOGIES INCORPORATED, Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob)
 

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Terrain robots are utilized in multiple fields, particularly where they can reduce demanding undertakings or complete missions that are hazardous for a human to embrace. They can deal with lifting heavy burdens, poisonous substances, and monotonous undertakings. This has helped companies to prevent many accidents in addition to saving time and money.

Terrain robotics is already the key driver of competitiveness and flexibility in large scale manufacturing industries, especially mining & construction. Moreover, other industries such as retail and healthcare are increasingly deploying terrain robots. Furthermore, market players are meticulously developing the software to enhance the functioning of terrain robots. For instance, Nuro Inc. in alliance with the Robotics Institute at the University of Michigan developed a new algorithm speeds up path planning for robots that use their arms to make their way across treacherous terrain such as disaster areas or construction sites.

The key players profiled in the report include Boston Dynamics, Dr Robot Inc., Endeavor Robotics, Inc., Evatech, Inc., Inspector Bots, NIDES Ltd., Roboteam, Stanley Innovation, SuperDroid Robots, Inc., and Telerob.

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FREQUENTLY ASKED QUESTIONS?

A. The Terrain Robot Market is estimated to grow at a CAGR of 14.1% from 2021 to 2030.

A. The Terrain Robot Market is projected to reach $1.43 billion by 2030

A. To get the latest version of sample report

A. Significant factors that impact growth of the terrain robot market include surge in demand for terrain robots for military & defense applications, improvement in the machine vision systems, and automation of mining & construction industries.

A. The key players profiled in the Terrain Robot Market include Boston Dynamics, Dr Robot Inc., Endeavor Robotics, Inc., Evatech, Inc., Inspector Bots, NIDES Ltd., Roboteam, Stanley Innovation, SuperDroid Robots, Inc., and Telerob and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Terrain Robot Market is segmented on the basis of type, product, application, and region.

A. The key growth strategies of Terrain Robot Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. The mining & construction segment of the terrain robot market is projected to grow at a CAGR.

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