Mobile Robotics Market – Overview
The Mobile robotics market is anticipated to benefit from a 17.15 % CAGR in the duration of the forecast period.
Mobile robotics is an upcoming field that is gaining traction due to its ability to perform operations that are monotonous in nature or are humanly impossible. Reports that explore the semiconductor and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects.
The significantly high innovation rates in the robotic sector have given way for their use in a wide range of applications. The enormous developments perceived the concept of Industrial Internet of Things is expected to galvanize the growth of the mobile robotics market. Moreover, with the upsurge in e-commerce activities, the mobile robotics market is expected to gain traction in areas of operation like freight operations such as heavy lifting and seaport docking.
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The foremost companies shaping the mobile robotics market are Honda Motor Co., Ltd. (Japan), iRobot Corporation (US), Denso Corporation (Japan), Harvest Automation (US), KUKA Robotics Corporation (Germany), Epson America, Inc., (US), Northrop Grumman Corporation (US), FANUC Ltd (Japan), Universal Robots (Denmark) and Yaskawa Motoman Robotics (US) to name a few.
The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The rise of sponsors in the market has put on an essential role in the advancement of the market. The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. The expansion of the resources required to withstand against competition has enhanced significantly leading to a record progress rate. The motive of properly bolstering the global economy is being driven through the development of this market as well. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy. The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The global administrations have also contributed substantially towards the development of the market in current years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market.
The segmentation of the mobile robotics market is carried out on the basis of components, navigation type, application, vertical, and region. On the basis of components, the mobile robotics market is segmented into hardware and software. The hardware component is additionally segmented into power units, sensors, control units, motors, and others. Based on the navigation type, the mobile robotics market is segmented into unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), unmanned ground vehicles (UGVs), and autonomous underwater vehicles (AUVs). On the basis of application, the mobile robotics market is segmented into security & surveillance, inspection & maintenance, domestic household tasks, entertainment, education & research, and others. On the basis of vertical, the market for mobile robotics is segmented into logistics & warehousing, retail, manufacturing, healthcare, military & defense, automotive, and others.
Detailed Regional Analysis
The regional assessment of the mobile robotics market covers regions such as North America, Europe, Asia Pacific, among other regions. As per the study, the North American region is directing the growth of the mobile robotics market owing to the overhauled robotics techniques and the deployment of mobile robots for numerous industrial applications. Furthermore, governments in Canada, the US, and Mexico are participating in initiatives to boost the adoption of mobile robotics for the aerospace & defense sector. Resultantly, the North American region is experiencing high implementation of mobile robotics for purposes such as lawn mowing, vacuum & floor cleaning, and others. The Asia Pacific region holds the next chief market for mobile robotics due to mounting industrialization and manufacturing operations in this region. Nations such as Japan, China, and India are implementing mobile robotics on a large scale for manufacturing, defense, education, healthcare, and personal assistant applications. The European region is projected to retain the third major market for mobile robotics owing to the application of mobile robotics in healthcare and automotive industries in France, Germany, and the UK.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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LIST OF TABLES
Table1 North America: Mobile Robotics Market, By Country, 2018–2023
Table2 Europe: Global Mobile Robotics Market, By Country, 2018–2023
Table3 Asia-Pacific: Mobile Robotics Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Mobile Robotics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Mobile Robotics Market
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