Mobile Robotics Market overview
It is expected that the Mobile Robotics Market will grow with a 17.15% CAGR during the forecast period 2018-2023. Mobile robotics is a branch of science and technology where developers create mobile robots that can move in any surrounding without the interference of the human. Devices used to control these robots are sensors, gears, and other softwares. The thing which the market takes into consideration is unnamed grouped vehicles, aerial vehicles and automated underwater vehicles. The market is experiencing high growth as the hospitals are now using autonomous mobile robots, which will be applied for combat situations. The advancement of the robots technology and increasing use of robots is increasing the market. Robots are used in pharmaceuticals, healthcare, clinics and others, and their application is transportation, pick and place and many others. Factors such as the increased need for safety for human life and the rise in demand for mobile robotics from online retailers are expected to drive future mobile robotics market growth. Although, the high cost of acquisition and problems faced by the mobile robots in untested surroundings are acting as a restraint for the market.
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.
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.
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.
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.
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.
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.
The prominent key players of the mobile robotics market in the global market are mentioned down below-
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.
Noida based AddverbTechnologies is setting up the world's largest mobile robotics factory to manufacture 0.5 million robots annually in terms of size.
The power transmission component manufacturer chose Seegrid's Pavilion AMR fleet and Fleet Central enterprise software to support the autonomous hauling of parts and equipment between its existing 250,000 assembly facility and its new 100,000 square foot warehouse.
Secondary school teams from Nanaimo and the Cowichan Valley squared off against each other while polishing their design and fabrication skills on the fly in the Skills Canada B.C. Mobile Robotics competition.
A manufacturer of autonomous mobile robots locus robotics used for fulfilment warehouses has expanded its range of warehouse AMRs by introducing Locus Vector and Locus Max.
The global mobile robotics market in the global market research report consists of the following elements which are mentioned down below-
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.
|Market Size||Significant Value|
|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||
Frequently Asked Questions (FAQ) :
Mobile robots are movable robots or mobile robot systems that can move around in a physical environment.
Prominent vendors in the market are Denso Corporation (Japan), KUKA Robotics Corporation (Germany), iRobot Corporation (US), Harvest Automation (US), FANUC Ltd (Japan), Epson America, Inc., (US), Yaskawa Motoman Robotics (US), Northrop Grumman Corporation (US), Universal Robots (Denmark), Honda Motor Co., Ltd. (Japan), and others.
High capital investments required for automated guided vehicles (AGVs) can act as a market restraint.
The primary segments are components, navigation types, application and vertical.
The navigation types covered in the report are unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), autonomous underwater vehicles (AUVs) and unmanned surface vehicles (USVs).
Mobile robots utilize power electronics, motors, sensors, processors, and artificial intelligence to travel around on the ground, in the air, underwater or space.
domestic purposes such as vacuum & floor cleaning, lawn mowing and others
Mobile robots offer uninterruptible execution of monotonous tasks such as surveillance and inspection of sites that are inaccessible to humans such as locations with hazardous environments.