A recent report published by
Infinium Global Research on the 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,
forecasts, and dollar values of the global mobile robots market. According to the
report, the global mobile robots market is projected to grow at a CAGR of
23.53% over the forecast period of 2020-2026.
Humanoid robots, unmanned rovers,
entertainment pets, drones, and others are some of the examples of mobile
robots. As compared to other robots, mobile robots have the ability to move
autonomously, to react, and make decisions based on the perception they receive
from the environment. Mobile robots are provided with input data, which they
decode that input, and take actions to respond to a changing environment. They
have a powerful cognition system to sense and adapt to an unknown environment.
Today, mobile robots can walk, run, jump, and do other activities, similar to
their biological counterparts. Mobile robotics has created several types of
robots, such as wheeled mobile robots, legged robots, flying robots, robot
vision, artificial intelligence, and others. Furthermore, mobile robotics
involves different technologies such as mechanics, electronics, and computer
science. The new trends led by artificial intelligence, autonomous driving,
network communication, cooperative work, nanorobotics, and emotional expression
and perception are improving mobile robots. These new trends have found their
applications in different sectors such as medicine, health care, sports,
distribution of goods, and service robotics.
The technological advancements in
the field of robotics are majorly driving the market. Technological
advancements such as conversational skills, delivery drones, autonomous
driverless cars, and smart factories that have robotic coworkers are been used
in several industries and have a significant effect on productivity. Moreover,
the increasing adoption of mobile robots in healthcare, and the military &
defense sectors are augmenting the growth of the market. Mobile robots help
doctors significantly leverage their analytical and decision-making skills
while extending their physical capabilities. While they are becoming an
integral part of military campaigns, helping to keep soldiers safe and
providing a tactical advantage in different combat scenarios. However, concerns
over data privacy and security are a major restraining factor for the market.
Nevertheless, technological progress in automation is anticipated to boost the
market in the future.
In terms of geography, North
America generated the highest revenue for mobile robots in the world. The early
adoption of technologically advanced products among the end-users is one of the
major drivers for the growth of the mobile robots market in North America.
Moreover, the presence of the key market players in the region is further
expected to support market growth. Furthermore, growing investment in research
and development of robotics is anticipated to boost the market growth. On the
other hand, Asia Pacific is expected to grow at the highest CAGR during the
forecast period. The increasing technical awareness in the Asia Pacific
regarding automation and robotics is likely to expand the mobile robots market
in the region. Additionally, technical awareness in the Asia Pacific market is
increasing, the market likely to expand the market.
The report on global mobile robots
market covers segments such as type, and application. On the basis of type, the
sub-markets include aerial vehicles, unmanned ground vehicles, and autonomous
underwater vehicles. On the basis of application, the sub-markets include
defence, logistics & warehousing, medical & healthcare, domestic,
entertainment, education, and personal, and others.
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 the mobile robots market. Moreover, the study highlights current market
trends and provides forecasts from 2020-2026. 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.