Global
Mobile Robotics Market by Product (Unmanned Ground Vehicles, Unmanned Aerial
Vehicles, Unmanned Surface Vehicles, Autonomous Underwater Vehicles) and Region
- Global Forecast to 2024
Mobile robots are the automatic machines which
are capable of performing various tasks according to their configurations. The
principle activities of mobile robots are mapping, navigation, localization,
perception, and locomotion. These robots are widely used by different sectors
such as entertainment industry, healthcare, military, mining, automotive and
others. Mobile robots are equipped with advance technology which includes
cameras, sensors, and others.
Market Size and Forecast
The global
mobile robotic market is expected to grow at a CAGR of 10.1% over the forecast
period i.e. 2017-2024. Further, mobile
robotic market is anticipated to reach USD 20.8 billion globally by 2024.
Likely, growing demand for mobile robotics from defense and health care sector
is envisioned to flourish the growth of mobile robotics market
across the globe.
In terms
of geography, Asia-Pacific is expected to dominate the global mobile robotics
market over the forecast period. Additionally, Asia-Pacific region in 2016
accounted for the highest market share of 34% of the overall mobile robotics
market. The region is anticipated to witness significant growth owing to rapid
industrialization accompanied by increasing manufacturing activities in this
region. The major countries witnessing the demand for mobile robotics include
China, India and Japan. Moreover, increasing adoption of mobile robots by
defense and logistic sector in this region is believed to foster the growth of
mobile robotics market.
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Asia-Pacific
region is followed by North America and Europe region. North America holds the
second largest market of mobile robotics. North America is likely to exhibit
high growth avenues with U.S. mobile robotics market. Likely, the growth of
mobile robotics in this region is attributed to the rising adoption of mobile
robots for the domestic purposes such as for vacuum and floor cleaning, lawn
mowing and others. Europe region is projected to show a tremendous growth by
the end of 2024. Further, Europe stands as the third largest market owing to
the increasing adoption of mobile robots by the healthcare industry. France,
Germany and U.K. are the major countries which are leading the Europe region
market.
Middle
East and Africa region is also projected to fuel the demand for mobile robots
over the forecast period owing to the rising awareness regarding its usage in
agriculture practices.
Market Segmentation
Our
in-depth analysis segmented the global mobile robotics market in the following
segments:
By Product
Type
·
Unmanned
Ground Vehicles
·
Unmanned
Aerial Vehicles
·
Unmanned
Surface Vehicles
·
Autonomous
Underwater Vehicles
By End
User
·
Industrial
·
Commercial
·
Domestics
·
Others
By Region
Global
mobile robotics market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and Africa (GCC, South Africa, North Africa) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers and Challenges
Rising per
capita income in the developing nations and rising awareness regarding its
usage in agriculture practices, border surveillance, and law enforcement are
believed to be the dynamic factors behind the growth of mobile robotics market.
Further, wide adoption of mobile robots across different industry for logistic
purposes is also expected to boost the demand for mobile robots across the
globe.
Moreover,
favorable government initiatives along with increasing investment in defense
sector for the adoption of mobile robotics is projected to flourish the growth
of mobile robotics market over the
forecast period. Further, rapid industrialization and adoption of
technologically advanced mobile robots for domestic purposes like cleaning and
others are also predicted to expand the market for mobile robotics.
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However,
high initial investment associated with the installation of mobile robotics is
anticipated to dampen the growth of global mobile robotic market over the
forecast period. Moreover, high maintenance associated with mobile robotics is
expected to hamper the growth of this market.
Key players
The major
key players for mobile robotics market are as follows
·
iRobot
Corporation
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
KUKA
AG
·
Bossa
Nova Robotics
·
Bluefin
Robotics Corporation
·
Adept
Technology, Inc
·
John
Deere
·
Gecko
Systems Intl. Corp
·
Seegrid
Corp.
·
ECA
Robotics
·
Bluefin
Robotics
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
mobile robotic market is segmented as follows:
·
By
Product Type Market Size & Y-O-Y Growth Analysis
·
By
End User Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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