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Global Mobile Robotics Market to Exhibit 12.21% CAGR from 2016 to 2020

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Published on : May 13, 2016

ALBANY, New York, May 13, 2016: A new report, titled ‘Global Mobile Robotics Market 2016-2020,’ featured on ResearchMoz.us states that the market is expected to expand at a 12.21% CAGR during the period between 2016 and 2020 owing to the increasing incorporation of mobile robots in various mobile technologies, appliances, and smart products.

Mobile robots are computerized machines specially designed for independent locomotion in all kinds of environments and terrains. Primarily, mobile robots are used to conduct logistical tasks, surveillance, data collection, and inspection. Mobile robots enable numerous industrial activities such as logistics, locomotion, assembly, painting, de-painting, warehouse distribution, coating, inspection, data collection, and dispensing. They are primarily used in various service segments such as entertainment, medical, domestic, and defense. Mobile robots ensure additional flexibility to end users in space, agriculture, security, surgical, and marine applications. The increasing adoption of mobile robots is expected to propel the global mobile robotics market in the next few years. 

Over the past few years, mobile robotics has shown immense promise in the global robotics industry. The usage of mobile robots has increased tremendously, especially in commerce and industrial settings. Mobile robots are primarily classified on the basis of the environment in which they function. As the use of mobile robots reduces the time taken to perform a particular task, they are extensively used to minimize dependence on human labor. In the years to come, mobile robotics is expected to be utilized in automated cars, thus fueling the global mobile robotics market. The development of various product delivery systems by using UAVs is the rising trend in the global mobile robotics market.

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Going forward, the global mobile robotics market is expected to benefit from the increasing grants and funds by governments of various nations. Also, the availability of many open source platforms and the decreasing prices of sensors are expected to contribute towards the growth of the global mobile robotics market in the years to come. However, factors such as legal challenges and the lack of expertise in the research and development of new trends in mobile robotics are expected to hamper the growth of the global mobile robotics market in the next few years. 

The global mobile robotics market is segmented on the basis of geography, type, and end-user. Based on type, the global mobile robotics market is classified into UMV, UGV, and UAV. Based on end-user, the global mobile robotics market is classified into industrial, medical and healthcare, warehouse, agriculture, mining, and forestry, aerospace and defense, and geological research and oceanography sectors. 

By geography, the global mobile robotics market is divided into APAC, EMEA, and the Americas. Some of the leading companies operating in the global mobile robotics market are Boeing, Israel Aerospace Industries (IAI), Lockheed Martin, Northrop Grumman, Oceaneering, OMRON Adept Technologies, and SAAB.

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