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Mobile Robotics Market By Product (Unmanned Ground Vehicles (UGVs), Unmanned Aerial Vehicles (UAVs), Unmanned Surface Vehicles (USVs), Autonomous Underwater Vehicles (AUVs)) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

A mobile robot is an automated machine to perform different human tasks and activities. Mobile robots are designed to move around and are not fixed to one location as general robots are. Various types of mobile robots include unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), and autonomous underwater vehicles (AUVs). Mobile robots have found wide applications across industrial, defense, and other security end-use sectors. For example, mobile robots have recently witnessed wide adoption in industrial applications for warehousing and distribution, painting and depainting, and coating and dispensing. Additionally, these robots are used in domestic applications for assistance.

The most significant factor fueling the market growth is the rising adoption and demand for automation products across different end-use applications. This has led to increased efforts in research and development by various companies operating in the market. Moreover, the mobile robots market's growth is driven by the encouragement from governments of various nations worldwide. National governments provide funds and grants for the development of advanced robots for defense as well as industrial applications. Nevertheless, the major challenge for the market is the long time it takes to market these robots. In addition, a lack of research and expertise for developing sophisticated robots is another hindrance to the market.

The report titled "Global Mobile Robotics Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the global mobile robotics industry along with the market size and estimates for the duration of 2014–2023. The research study covers an in-depth analysis of multiple market segments based on product types and applications and a cross-sectional study across different geographies and sub-geographical segments. The study covers the comparative analysis of different segments for 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading mobile robot vendors, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments.

Some of the major players profiled in the report are iRobot Corporation, Honda Motor Co. Ltd., Northrop Grumman Corporation, Adept Technology, Google, Inc., Barrett Technology, Boeing Company, John Deere Company, and others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the mobile robotics industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global mobile robotics market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the factors as mentioned above.

Based on mobile robot products, the global mobile robotics market is categorized into the following categories:

  • Unmanned Ground Vehicles (UGVs)
  • Unmanned Aerial Vehicles (UAVs)
  • Unmanned Surface Vehicles (USVs)
  • Autonomous Underwater Vehicles (AUVs)

As of 2015, unmanned ground vehicles (UGVs) were the largest contributor, in terms of revenue, to the global mobile robotics market. In 2015, the segment contributed more than forty percent of the total market revenue. These robots are used across different applications, such as domestic, field applications, and healthcare. Another key expansion of mobile robotics has been in security, monitoring, and patrolling applications. In addition, the industry has witnessed new applications such as assisted driving and automated cars.

Consequently, the segment is estimated to retain its dominant position in the market throughout the forecast period. Nevertheless, the unmanned aerial vehicle segment is projected to witness the highest growth in the coming years. The high growth rate is major due to the rising usage of drones globally for defense and civil applications.

Based on geography, the global mobile robotics market is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • South Africa
  • rest of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

As of 2015, Asia Pacific dominated the global mobile robotics market, contributing over one-third of the total market revenue. The growth here is largely attributed to the wide adoption of mobile robots across domestic and field applications. As a result, the Asia Pacific region is estimated to retain its dominant position in the market throughout the forecast period, expanding at the highest CAGR. The growth here is mainly backed by China, Japan, Australia, South Korea, and some Southeast Asian countries.

North America accounts for the second-largest share of the global market. The region is among the first adopters of mobile robots across different applications. Additionally, the market growth here is supported by many companies operating in the market. Consequently, the region is estimated to continue witnessing strong growth in the global market throughout the forecast period.

Frequently Asked Questions:

The market for Mobile Robotics Market is expected to reach US$ 7.78 Bn by 2023.

The Mobile Robotics Market is expected to see significant CAGR growth over the coming years, at 10.6%%

The report is forecasted from 2016-2023.

The base year of this report is 2015.

iRobot Corporation, Honda Motor Co. Ltd., Northrop Grumman Corporation, Adept Technology, Google, Inc., Barrett Technology, Boeing Company, John Deere Company, and others.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2016
Category:  Automation & Process Control
Report ID:   57968
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
Delivery Time: 24 Hours to 48 Hours   
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