Market Synopsis:
Mobile Robotics Market is projected to grow with 17.15% CAGR during the forecast period 2018-2023.
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The superior reliability and accessibility offered by Mobile Robotics Market is boosting their demand in various setups. The application of mobile robotics in hazardous and monotonous tasks is increasing their demand substantially. The market is increasing substantially owing to the expansion of the industrial segment coupled with the massive advancements in Industrial Internet of Things (IIoT). The application of mobile robotics in personal household, oceanic exploration, space exploration, automotive and warehousing expected to further the market share in the upcoming years.
Market Segmentation:
The segmentation of the market is carried out on the basis of components, navigation type, application and vertical. On the basis of components, the market is segmented into software and hardware. The hardware component is additionally segmented into control units, power units, sensors, motors, and others. The navigation type segment of the market is segmented into unmanned surface vehicles (USVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and autonomous underwater vehicles (AUVs). The application- based segmentation of the market consists of entertainment, inspection & maintenance, domestic household tasks, education & research, security & surveillance, and others. On the basis of vertical, the mobile robotics market is segmented into manufacturing, logistics & warehousing, military & defense, healthcare, retail, automotive, and others.
Regional Insights:
The Asia Pacific region holds the next major market for mobile robotics sowing to the rising industrialization and manufacturing actions in this region. Nations such as India, China, and Japan are implementing mobile robotics on a large scale for manufacturing, defense, education, healthcare, and personal assistant applications. The European region is responsible for the third major market for mobile robotics owing to the acceptance of mobile robotics in the automotive and healthcare industries in France, Germany, and the UK.
Key Players
The prominent players in the market of global Mobile Robotics Market are – 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)
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