ID: MRFR/SEM/2825-HCR | 100 Pages | Published By Shubham Munde on March 2023
The CAGR for the mobile-controlled robots market is expected to be 15% between 2017 and 2023. The market is expected to be worth USD 8 billion in 2023. Many German companies have entered the mobile-controlled robots market. One such company is KUKA AG. KUKA AG designs, manufacture, and trains robots that are going to be used in educational institutions. These include schools and universities.
Lockheed Martin is a major American defense company. It’s also a major player in the mobile-controlled robots market. It designs and manufactures mobile-controlled robots for use in aerospace and defense companies around the world.
COVID-19 became a world issue early last year. At first, it seemed to be nothing more than a nuisance virus. However, this was proved wrong. People began to realize that COVID-19 was a serious virus when it spread rapidly throughout the world. Many people had to be hospitalized because of the virus.
What made matters worse was that those who recovered could get it again since the antibodies only lasted for a few months.
Governments around the world responded by imposing quarantines and lockdowns—the effects of this hurt many industries. The mobile-controlled robot industry was no exception. Manufacturers in this industry soon found the raw materials needed to make these robots hard to come by. This pushed up manufacturing and production costs. Manufacturers were forced to raise the prices that they charged the end consumer to make up for these higher costs.
Mobile-Controlled Robots Market Dynamics:
Perhaps the greatest demand for these robots is in Western European nations like the United Kingdom, Germany, and Italy. The reason for this is that these nations have robust and growing manufacturing and automotive industries.
Wireless technologies are becoming more widely used around the world. They are also used much more often than they used to be. Some examples include WIFI, Bluetooth, and radio technologies. Companies that make mobile devices are spending billions on research and development. This is allowing them to produce more and more technologically sophisticated devices that need mobile-controlled robots to manufacture.
New advancements in wireless technologies and mobile devices are creating incentives for companies in the mobile-controlled robots market to invest heavily in research and development to produce robots that are more efficient, more effective, and can work much faster than their predecessors could. This will lead to greater productivity in the companies that use these robots for their manufacturing operations.
The higher costs of manufacturing these robots will challenge many companies, especially in the era of COVID-19.
One major challenge that manufacturers in the mobile-controlled robots market face lie in manufacturing more effective and efficient robots that can produce more while facing higher raw materials prices. Manufacturers are struggling to keep the prices for end-consumers down.
The mobile-controlled robots market is growing at a CAGR of 15%. This is expected to continue until 2023. The market is expected to be worth USD 8 billion by then.
Mobile-Controlled Robots Market Technology Analysis:
Bluefin Robotics Corporation is a major American player in the mobile-controlled robots market. It has invested heavily in research and development to come up with a new generation of far more effective mobile-controlled robots. These robots are capable of manufacturing new devices that have important applications in the American military. One of these devices that are manufactured by these robots is the HOOK2 Combat Search and Rescue Radio.
Mobile-Controlled Robots Market Segment Overview:
The mobile-controlled robots market can be segmented as follows based on the component:
Hardware - this is further grouped into dual tone multiple frequency decoder, microcontroller, and driver/intelligence controller. When it’s used as a dual-tone multiple frequency decoder, it can detect frequencies using 16 bits.
Software - this is further grouped into
This can be further segmented into military and nonmilitary.
This can be further categorized into defense and civilian.
Mobile-Controlled Robots Market Regional Analysis:
The North American region is home to the United States of America and Canada. These are two highly developed and industrialized nations. The technological fields and industries are also well developed in these nations.
The saturation of devices that use wireless technologies is also among the highest in the world in America and Canada. These are some of the reasons why the North American region has the largest market share in terms of mobile-controlled robots of all of the regions in the world.
The European Union weighs in significantly in the field of development of mobile-controlled robots. One of the main reasons for this is because many prominent manufacturing industries are in this region. These are smart manufacturing industries that rely heavily on the mechanical labor provided by robots to thrive.
As mentioned earlier, Germany, Italy, and the United Kingdom are among the top users of mobile-controlled robots in Western Europe and in the European Union. The reason for this is the fact that this region is home to many automobile and vehicle manufacturers and many smart manufacturers in general.
The Asia-Pacific region will (projected) have the highest regional CAGR. The main reason for this is that many nations in this region are developing rapidly. The Asia-Pacific region is also home to two heavyweights in terms of population. These nations are India and China. These nations have among the fastest-growing economies in the world. These two nations will also have some of the largest economies in the world by 2050.
Also, rising wealth in this part of the world is leading to an emerging and strong middle-class. This is especially true in India, but it’s also true in China. These middle classes crave consumer electronics and (especially) mobile devices. This is fueling growth in terms of demand in the mobile-controlled robots market.
The healthcare and pharma industries are expected to have the highest CAGR of all of the industries that use mobile-controlled robots.
Mobile-Controlled Robots Market Competitive Landscape:
The mobile-controlled robots market is very competitive. It’s also very fragmented. Part of the reason for this is that the market has a high CAGR. This entices many companies (especially larger ones) to enter the market in large numbers. They see that this market is stable, growing, and lucrative. Therefore, they see and understand that they can make a lot of money by making large numbers of mobile-controlled robots.
It’s this competitive and fragmented nature that’s forcing many companies to rely heavily on huge investments in research and development. The objective is to try to develop a new generation of more efficient robots that can increase the productivity and revenue-generating/profit-making potential of the companies that use these robots in their daily manufacturing and other operations.
Companies are also entering into strategic partnerships. When companies enter into such a partnership, all parties involved benefit. This is because the people who work in the new companies have access to resources, manpower, and knowledge that was previously unavailable. It can give them a tremendous advantage when trying to do research and development to bring new products to market. It can also help them enter into new markets on a strong footing. These companies can also strengthen and solidify their positions in existing markets.
Companies that merge with and acquire others also have access to resources, manpower, and knowledge that was previously unavailable to them. This puts them in a much better position to invest heavily in the research and development needed to bring a new generation of more effective mobile-controlled robots to market.
The new resources that they have access to also help them market to the new customers that they acquired by merging with/acquiring other companies. This will help them make even more money in the future. They can also enter into new markets on a strong footing. They can strengthen and solidify their positions in existing markets.
Lockheed Martin is a major American company in the mobile-controlled robots market. It has managed to excel by investing heavily in research and development. It has also acquired other companies. For example, research and development have allowed it to develop mobile-controlled robots that can do advanced manufacturing well.
List of Companies:
The global mobile-controlled robots market is growing at a CAGR of 15% until 2023. The market is expected to be worth USD 8 billion by then. Rapid developments in the wireless technologies market are fueling growth. The same is true of the rapidly growing manufacturing regions in Western Europe.
Global mobile controlled robots market is projected to grow at approximately 15% CAGR during the assessment period (2020-2027).
The valuation of the global mobile controlled robots market is estimated to increase to USD 08 BN by the end of 2027.
Increased penetration of smartphones and wireless technology, such as Wi-Fi, Bluetooth, and radio frequency, are major tailwinds pushing the growth of the global mobile controlled robots market.
North America holds the largest share in the global mobile controlled robots market, followed by Europe and the Asia Pacific region, respectively.
KUKA AG (Germany), iRobot Corporation (U.S.), Lockheed Martin (U.S.), Bluefin Robotics Corporation (U.S.), Google, Inc. (U.S.), Adept Technology, Inc. (U.S.), Northrop Grumman Corporation (U.S.), GeckoSystems Intl. Corp. (U.S.), ECA Group (France), and Honda Motor Co., Ltd. (Japan), are some of the top players operating in the global mobile controlled robots market.