The mobile robots market is evaluated at US$11.404 billion for the year 2019 and is projected to grow at a CAGR of 15.34% to reach a market size of US$30.66 billion by 2026.
Mobile robotics is the branch of science and technology, where developers create mobile robots, and that can move in any environment without the need for human intervention. The devices such as sensors, software, and other gears, are used to control these robots. Robotic technology like unmanned ground vehicles, autonomous underwater vehicles, and unmanned aerial vehicles are taken into consideration while studying about mobile robotics market through various industry verticals.
Robotics technology is witnessing increased adoption in various commercial and industrial settings. For example, some hospitals are now using autonomous mobile robots to move materials and track patient health. The military & the defense sector uses professional service robots that are deployed for combat scenarios. Mobile robotics enhance the soldier’s capabilities by giving troops an advantage at the ground level. In addition, a field robot, a professional service robot, is used in this sector for a variety of functions such as carrying heavy equipment, operating in life-threatening situations for rescuing wounded soldiers, and protecting soldiers in the combat zones.
The impact of COVID-19 harmed the global mobile robots market. The immense downturn in the automation sector has been a significant reason for the decline in the demand for mobile robots at the global level. The Covid-19 pandemic has kept its claw on the throat of the global economy, compelling some giant industries to gasp for breath. Because of the pandemic, the manufacturing processes and supply chain across industries were disrupted which resulted in the loss of demand. Many industries have been shut down due to these reasons. These are some factors that impacted the global market of mobile robots negatively. The development of robots to cope with the pandemic is expected to trigger the recovery of the robotics industry.
Increased Demand in Various Industries
Increasing demand for mobile robots for a range of applications across the various industries is one of the major factors expected to continue to drive the growth of the global mobile robots market during the forecast period of 2019 to 2026. Mobile robots are extensively used in areas and locations such as warehouses, in the health care sector, for scientific research purposes, automation manufacturing, education, military and security operations, applications, agriculture, energy harvesting, etc. Mobile robots are used to assemble the information from some area or setting that could endanger personnel or to handle some difficult tasks that cannot be done by humans. In addition, growing demand in various manufacturing industries for handling heavy loads, or repetitive tasks including welding, packing, dispensing, material handling, etc., and also for the ability to complete those tasks more quickly, so saving time and money are additional factors to drive the growth of the global market.
Artificial Intelligence and Digitalization
The growing trend towards digitization and increasing number of companies preparing or in the process of utilizing artificial intelligence for tasks to improve the speed and productivity and save time and effort cost-effectively through the deployment of the mobile robots, as well as to enhance the work environment, function over longer working hours, increase profitability, boost company image, etc., will drive the growth of the market.
Europe Mobile Robots Market is projected to hold a noteworthy share
European region is estimated to have a significant market share. The major reason is that the key players are focused on increasing sales, service and support, deployment, and training services by expanding their distribution channels in the region.
|The market size value in 2019||US$11.404 billion|
|The market size value in 2026||US$30.66 billion|
|Growth Rate||CAGR of 15.34% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Component, End-Use, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Clearpath Robotics, Fetch Robotics, Hi-Tech Robotics Systemz, Savioke, Aethon, General Atomics Aeronautical Systems, Softbank Robotics, SMP Robotics, Aviation Industry Corporation of China, Cobham|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the mobile robots market size by 2026?
A1. The global mobile robots market is estimated to reach a market size of US$30.66 billion by 2026.
Q2. What are the growth prospects for the mobile robots market?
A2. The mobile robots market is estimated to grow at a CAGR of 15.34% over the forecast period.
Q3. What is the size of the global mobile robots market?
A3. Mobile Robots Market was valued at US$11.404 billion in 2019.
Q4. What factors are anticipated to drive the mobile robots market growth?
A4. Increasing demand for mobile robots for a range of applications across the various industries is one of the major factors expected to continue to drive the global mobile robots market growth.
Q5. Who are the major players in the mobile robots market?
A5. Prominent key market players in the global mobile robots market include Aviation Industry Corporation of China, Clearpath Robotics, General Atomics Aeronautical Systems, Hi-Tech Robotic Systemz, Softbank Robotics, SMP Robotics, Aethon, among others.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Mobile Robots Market Analysis, by Type
6. Global Mobile Robots Market Analysis, by Component
7. Global Mobile Robots Market Analysis, by End-User
7.1. Military and Defense
7.3. Media and Entertainment
7.4. Travel and Transport
7.5. Education and Research
7.7. Diagnostic Centers
8. Global Mobile Robots Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Clearpath Robotics
10.2. Fetch Robotics
10.3. Hi-Tech Robotic Systemz
10.6. General Atomics Aeronautical Systems
10.7. Softbank Robotics
10.8. SMP Robotics
10.9. Aviation Industry Corporation of China
Hi-Tech Robotics Systemz
General Atomics Aeronautical Systems
Aviation Industry Corporation of China
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