Global Mobile Robots Market worth US$30.966 billion by 2026

Global Mobile Robots Market worth US$30.966 billion by 2026

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on the "Mobile Robots Market - Forecasts from 2019 to 2026” to their offering.

The Global Mobile Robots Market is anticipated to grow at a CAGR of 15.34% throughout the forecast amount, to achieve a complete market size of US$30.966 billion by 2026 from US$11.404 billion in 2019.

These robots are an integration of artificial intelligence with physical robots that have locomotion capabilities i.e. ability to move around physically. They are programmed to use sensors in addition to other equipment to recognise their environment. The expanding need for mobile robots for a variety of applications across various industries such as automation manufacturing, energy harvesting, agriculture, logistics, warehousing, medical and healthcare, and defence and security operations etc., is a significant growth driving factor for this market. Furthermore, the growing trend towards digitization and the increasing number of companies preparing, planning or in the process of utilising artificial intelligence (AI) for tasks to improve speed and productivity and save time and effort cost-effectively through the deployment of mobile robots, as well as to improve the work environment, increase profitability, function over long working hours, and boost company. Companies are focused on creating robots with unique features, and the growing geriatric population globally is increasing the demand for service robots for senior support, which will open up new possibilities for the mobile robotics market over the projected period. According to a paper published by the International Federation of Robotics, Unit sales of Autonomous Mobile Robots (AMRs) in the logistics industry is expected to rise by 31% each year between 2020 and 2023. Conversely, the application of AMRs in public places will expand fast. IFR forecasts unit sales to increase by 40% per year globally. However, high initial acquisition costs and problems surrounding operations in untested areas, among other reasons such as time-consuming research and development, will limit market expansion, while growing safety concerns when working with people will further challenge the mobile robots market over the projected period.

The COVID-19 pandemic has affected the global market for mobile robots negatively. The massive slump in the automation business has been a key factor in the global fall in demand for mobile robots. The supply chain and production processes were affected across industries, resulting in a loss of demand. Many industries terminated their operations. These issues had a detrimental influence on the worldwide industrial robotics industry. The invention of robots to combat the virus is expected to stimulate the robotics industry's resurgence. Disinfecting robots, for example, are becoming more prominent in the post-pandemic era. Fetch Robotics' SmartGuardUV is a disinfection autonomous mobile robot that can eliminate up to 99.9% of viruses. The market for mobile robots is anticipated to expand gradually beginning in the first quarters of 2021.

Based on type, the market currently exists fragmented into Ground, Aerial and Marine.

Based on components, the classification of the market currently exists fragmented into Software and Hardware.

Based on end-user, the classification of the market currently exists fragmented into Military and Defense, Healthcare, Travel And Transport/Logistics, Media And Entertainment, Education And Research, Others.

Based on geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

As a part of the report, the major players operating in the mobile robots market, which have been covered are Aviation Industry Corporation of China, Clearpath Robotics, General Atomics   Aeronautical Systems, Hi-Tech Robotic Systemz, Softbank Robotics, SMP Robotics, Aethon.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/mobile-robots-market

This report segmented the mobile robots market on the basis following terms

  • By Type
    • Ground
    • Aerial
    • Marine
  • By Component
    • Software
    • Hardware
  • By End-user
    • Military And Defense
    • Healthcare
    • Travel And Transport/Logistics
    • Media And Entertainment
    • Education And Research
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others