A recent report published by Infinium Global Research on mobile robots market provides an in-depth analysis of segments and sub-segments in the global as well as regional mobile robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mobile robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global mobile robots market. According to the report, the global mobile robots market is projected to grow at a CAGR of 22.5% over the forecast period of 2019-2025.
Mobile robots are movable robots that are designed to work and perform various actions according to their configuration. Mobile robots work through power electronics, sensors, processors, motors and artificial intelligence to travel around in the air, on the ground, underwater or space. Mobile robots are capable of navigating an uncontrolled location without the need for physical or electro-mechanical guidance devices. They have a wide range of industrial and technical applications due to superior reliability and accessibility.
The growing use of mobile robotics in surgical and medical uses, security, personal assistance, warehouse, and distribution applications, as well as ocean and space exploration, drives the growth of a mobile robots market. Moreover, increased demand for advanced technologies and virtual assistants like companion robots, are some supporting factors responsible for the growth of the market. Additionally, reduced shipping rates, improvement in sensors used for navigation, low-cost handling and rising need on military vehicles are the key factors in the growth of mobile robots market. However, lack of awareness among small scale industries of developing technology, lack of skill sets to use them efficiently, high cost of such equipment and tools is expected to hamper the mobile robots market growth. However, with new technologies, management funds, availability of wide-ranging platforms and growing application areas in future is expected to provide a major opportunity for mobile robots market.
The global market for mobile robotics is likely to grow at a significant rate during the estimated period from 2019 to 2025. North American region is leading the global mobile robots market due to well-established robotics techniques and placement of mobile robots for various industrial applications. North America experiences high adoption of mobile robotics for home security, along with medical, defense, marine, and education and research sector drives the growth of the market. Additionally, presence leading companies in this North America region aid the growth of the market. Furthermore, the Asia-Pacific region holds the second largest market for mobile robots due to rising industrial development and manufacturing activities in this region. Countries such as China, Japan, and India are adopting mobile robots on a large scale for defense, education, healthcare, and personal assistant applications. Europe holds the third largest market for mobile robots due to the adoption of mobile robots in the automotive and healthcare industries in the UK, Germany, and France.
The report on global mobile robots market covers segments such as equipment type, and application. On the basis of equipment type, the sub-markets include aerial vehicles, unmanned surface vehicles, unmanned ground vehicles, and autonomous underwater vehicles. On the basis of application, the sub-markets include medical & healthcare, logistics & warehousing, defense, domestic, field applications, and entertainment.
The report provides profiles of the companies in the market such as Honda Motor Co., Ltd, Northrop Grumman Corporation, iRobot Corporation, SoftBank Corp., Samsung Electronics Co., Ltd., Kongsberg Maritime, GeckoSystems Intl. Corp., ECA GROUP, and LG Electronics.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of mobile robots market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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