MobileRobotics Market Size And Forecast
MobileRobotics Market size was valued at USD 22.1 Billion in 2020 and is projected toreach USD 96.3 Billion by 2028, growing at a CAGR of 23.41% from 2021 to2028.
The major factor contributing to the growth of the global MobileRobotics Market is increasing demand for mobile robotics system for warehouseautomation. The Global Mobile Robotics Market report provides a holisticevaluation of the market. The report offers a comprehensive analysis of keysegments, trends, drivers, restraints, competitive landscape, and factors thatare playing a substantial role in the market.
GlobalMobile Robotics Market Definition
Amobile robot is an automatic machine that is capable of locomotion.Localization, perception, navigation, mapping, and locomotion are the principalactivities of the mobile robot. Mobile robotics technology is becoming popularin sectors such as medical & healthcare, logistics, warehousing, anddefense. It helps in efficiently managing industry specific activities,overcomes human constraints and optimizes cost by saving HR expenses. They areused for several industry operations as well as to perform critical activitiesin which human life can be exposed to risk.
GlobalMobile Robotics Market Overview
Inthe report, the market outlook section mainly encompasses fundamental dynamicsof the market which include drivers, restraints, opportunities and challengesfaced by the industry. Drivers and restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market.
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Themajor factor contributing to the growth of the global Mobile Robotics Market isincreasing demand for mobile robotics system for warehouse automation. Rapidindustrialization and increasing demand from various sectors such aselectronics, automotive, and defense are some other factors that are expectedto fuel the market growth. The restraining factors such as the high cost ofmobile robotics systems and export restrictions might limit market growth.
VerifiedMarket Research narrows down the available data using primary sources tovalidate the data and use it in compiling a full-fledged market research study.The report contains a quantitative and qualitative estimation of marketelements that interests the client. The “Global Mobile Robotics Market” ismainly bifurcated into sub-segments which can provide classified data regardingthe latest trends in the market.
GlobalMobile Robotics Market Segmentation Analysis
TheGlobal Mobile Robotics Market is segmented on the basis of Product,Application, And Geography.
MobileRobotics Market, By Product
•Unmanned Aerial Vehicles (UAVs)
• Unmanned Ground Vehicles (UGVs)
• Unmanned Surface Vehicles (USVs)
• Autonomous Underwater Vehicles (AUVs)
Basedon Product, The Global Mobile Robotic Market is classified into, UnmannedAerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Unmanned SurfaceVehicles (USVs), and Autonomous Underwater Vehicles (AUVs). Unmanned AerialVehicles are leading the segment with the highest growth rate in the segmentand it holds the largest share in the market. This growth can be attributed tothe implication of drones in several sectors and key players throughout theglobe. UAV is an aircraft drone without any human interventions.
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MobileRobotics Market, By Application
•Industrial
• Service
Basedon Application The Global Mobile Robotics Market is bifurcated into industrialand service. Industrial segment accounts for the largest share in the markettill 2020 and is expected to grow at a decent pace during the forecast period.However the implication of mobile robotics in service sector has grown postpandemic, major key players in service industry are very keen to implementmobile robotics into their service by eliminating human intervention
MobileRobotics Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world
Basedon Regional Analysis, The Global Mobile Robotics Market is classified intoNorth America, Europe, Asia Pacific, and the Rest of the world. Europe is thedominant region and holds up to 30% of the market share and has been accountedto generate the highest revenue during the forecast period this can beattributed to the high demand for material handling equipment for incumbents ofthe manufacturing industry. The continued process automation In the Otherindustries will drive the growth in the region. The Asia Pacific estimatedtoday’s fast growth during the forecast period. The growing t commerce industryin the emerging economies of Asia is particularly from promoting the deploymentof mobile robotics for inventory management
KeyPlayers
The“Global Mobile Robotics Market” study report will provide a valuable insightwith an emphasis on global market including some of the major players suchas AdeptTechnology, Amazon, Bluefin Robotics, Bossa Nova Robotics, FANUC Corporation,ECA Robotics, Boeing Co., Barrett Technology, Aethon Inc., and Google Inc.The competitive landscape section also includes key development strategies,market share, and market ranking analysis of the above-mentioned playersglobally.
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