This report provides exclusive insights into the COVID-19 impact on the Mobile Robots Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Mobile Robots Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Mobile Robots Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.