Mobile Robotics Market Research Report, by Component (Hardware, Software), Navigation Type (UGVs, UAVs, USVs, AUVs), Application (Entertainment, Domestic, Education & Research), Vertical (Manufacturing, Automotive, Healthcare) — Forecast till 2027

Mobile Robotics Market Overview

Mobile Robotics Market is projected to grow with 17.15% CAGR during the forecast period 2018-2023. Mobile robots are defined as movable robots or mobile robot systems that can be moved around in a physical environment. Mobile robots utilize power electronics, motors, sensors, processors, and artificial intelligence to travel around underwater or in space.

COVID 19 Analysis

The current covid-19 situation has drastically impacted the entire world. Major industries have phased down due to the shutdown. The global impact of who is 19 has tagged the mobile robotics market to witness a positive demand shock across all regions.

It is believed that growth and demand will return despite the pandemic situation. Although solutions have been found by many major key players to combine their technologies to develop robotics solutions that will raise e-commerce standards. In this way, issues and fleets developed due to covid 19 will be avoided. It is believed that by the year 2022 things will get back to normal due to the initiation in the process of vaccination.

Market Dynamics

Drivers

The major factors that are responsible for the Mobile Robotics Market are the development of sophisticated technology in robot systems, and an increase in demand in the automotive sector. The Automotive sector provides solutions to manage the supply chain ecosystem. New safety protocols have been introduced. And in addition to this, the e-commerce industry is rising. All these factors majorly contribute to the mobile robotics industry.

Many major companies have agreed upon combining their respective technologies and developing robotic solutions to meet higher standards of e-commerce. Their higher standards will deliver higher production levels and in a more flexible way.

Opportunities

The various supporting entities that opened new growth routes for the global mobile robotics market are factors such as social distancing quarantines and lockdowns due to coronavirus prompted the use of robotics for much more efficient operations. Some plans involve focusing on promoting robotic systems to provide rental services. In addition to these factors, vendors are continuously focusing on training their customers to expand robot centers to educate the users. In this way, the consumer base increases, and more and more people take initiative to opt and adopt mobile robotics. Logistics and warehouse automation has changed drastically with synchronizing all warehouse resources and creating growth opportunities for robot players by inventing intuitive technologies. All these factors greatly contribute to the growth of mobile robotics.

Restraints

A few restraining factors that hampered the Mobile Robotics Market growth are the lack of investment and funds by customers to rebuild the automotive distribution stores and centres. This usually occurs during the initial stage, to obtain maximum productivity and efficiency. As customers do not invest, it becomes a challenging situation for small and medium enterprises owing to the low production output and late returns. In addition to this high cost of procurements, integrations, programming’s, accessories are hampering the Mobile Robotics Market growth.

Value Chain Analysis

The various benefits of mobile robotics include a rise in the e-commerce industry, improvement in online platforms, and a big change in buying patterns of customers. In addition to this key player find other applications by upscaling their skills allowing associates to take more time to optimize the process. Diesel boats are integrated with new high sensitivity video sensors mapping localization artificial intelligence and cloud computing built with a system of stereo cameras which are capable of programming its route and high Speed. Going to all these mobile robotics transport goods for order consolidation track and supply connectivity and perform to meet the customers' unique needs. In this way, mobile robotics serves as an important component.

Market Segmentation

Global Mobile Robotics Market is segmented based on type application and end-user. These are described as follows -

Based On The Type

Based on type the mobile robotics market is bifurcated into goods to person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. According to the mobile robotics market report the self-driving forklifts segment is estimated to show a higher rate of growth in the upcoming years. The factors for such growth are due to rapid technological advancements, rising e-commerce industry demand for real-time deliveries and smart mapping.

Goods to  People picking robots, autonomous inventory robots, and unmanned vehicles are most likely to show some steady growth due to rising warehouses and distribution centers, other major manufacturers focus on developing advanced inventory management reports, and others.

Based On The Application

The Mobile Robotics Market based on application is divided into sorting, pick and place tagging, warehouse fleet management, and others.

Based On The End users

The Mobile Robotics Market is segmented based on end-users into warehouses and distributions centers and manufacturing.

Regional Analysis

Based on region the mobile robotics market forecast shows different regions namely Europe, Asia Pacific, North America, the Middle East, and Africa.

Following the mobile robotics market trends, Europe has the highest mobile robotics market share. This is because major key players focus on increasing sales service support deployment training services.

Regions of Europe and the Asia Pacific are estimated to show significant growth in the upcoming years. This is mainly because of the presence of order then unauthorized regional players. Giant countries focus on integrating advanced technologies, mainly 5G. All these factors are thought to show significant growth.

North America shows an increase in mobile robotics market size due to rising e-commerce and rapid technological adoption.

The Middle East and Africa are estimated to show a moderate rate due to their pricing infrastructural developments and emphasis on building smart factories and industry.

Competitive Landscape

The prominent key players of the mobile robotics market in the global market are mentioned down below-

• iRobot Corporation (US)


• Honda Motor Co., Ltd. (Japan)


• Denso Corporation (Japan)


• KUKA Robotics Corporation (Germany)


• Northrop Grumman Corporation (US), Harvest Automation (US)


• FANUC Ltd (Japan)


• Epson America, Inc., (US)


• Universal Robots (Denmark)


• Yaskawa Motoman Robotics (US)

All these prominent key players play a major road in the dynamics and growth of the mobile robotics market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base. These major key players contribute majorly to the mobile robotics demand and in developing innovations to improve the market.

Recent Developments

• Advancements are made in expanding production capacities, sales, and distribution channels in emerging economies.


• Prominent players are designing various components and controllers for diverse applications.


• Other advancements are made mainly in automotive manufacturing luggage sensing airports and war mental compliance in chemical production and many others.


• Developments are made in funding from regulatory bodies to build automotive warehouses and distribution centers.

Report Overview

The global mobile robotics market in the global market research report consists of the following elements which are mentioned down below-

• Market overview


• Covid 19 analysis


• Market dynamics


• Value chain analysis


• Market segmentation


• Regional analysis


• Competitive landscape


• Recent developments

In the global mobile robotics market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of flavored milk. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. This research report also consists of various analyses, different segmentations, regional analyses, etc. This research report also consists of various strategies and policies followed by the major key players that drive the mobile robotics market. The future growth rate is also discussed and mentioned in this research report.

Report Scope:

Report Attribute/Metric	Details
Market Size	Significant Value
CAGR	17.15%
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Component, Navigation Type, Application, Vertical
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	iRobot Corporation (US), Honda Motor Co., Ltd. (Japan), Denso Corporation (Japan), KUKA Robotics Corporation (Germany), Northrop Grumman Corporation (US), Harvest Automation (US), FANUC Ltd (Japan), Epson America, Inc., (US), Universal Robots (Denmark) and Yaskawa Motoman Robotics (US)
Key Market Opportunities	Adoption of mobile robotics in various industries such as military & defense, logistics, personal household, oceanic exploration, space exploration, automotive and warehousing.
Key Market Drivers	Rising industrialization and manufacturing activities. Well-established robotics techniques and deployment of mobile robots for various industrial applications

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