Research forecasts, Mobile Robotics Market to reach $18,774.0 Mn by 2021

According to the report, the global mobile robotics market was valued at around USD 9,017.5 million in 2015 and is expected to generate revenue of USD 18,774.0 million by end of 2021, growing at a CAGR of slightly above 13.0% between 2016 and 2021.

The mobile robot is an automatic machine that is capable of locomotion. Localization, perception, mapping, navigation and locomotion are the principle activities of the mobile robot. Robots are widely used for transportation, inspection, and surveillance activities among others. Mobile robots also play important role in entertainment industry, mining & metals, electronics & electrical, military service, automotive, medical and other sectors.

Increasing requirement of mobile robotics systems in professional applications such as defense, agriculture, medical, aerial and others are expected to be the major drivers for the global mobile robotics market. Rapid industrialization, constant technological advancements to develop autonomous and safe robots is predicted to fuel market growth. Further, the increase in the demand from urban households for domestic cleaning, and surveillance are expected to support the mobile robotics market growth in the near future. However, high capital investment for automated guided vehicles (AGVS) may curb the demand for mobile robotics within the forecast period. Nonetheless, the rising application areas globally are expected open new avenues for the market growth over the next few years.

Mobile Robotics Market to reach $18,774.0 Mn by 2021, according to new statistics released by the Zion Market Research, the market research group.

Mobile robotics market is mainly driven by integration of mobile robots with various mobile technologies. Moreover, ongoing research & development in the field of mobile robotics is expected to open new avenues for the market growth in the next few years. Additionally, rapid industrialization, and rising requirement of mobile robotics systems in professional applications such as agriculture, medical, defense, aerial and others is expected to trigger the growth of this industry in the coming years. However, increasing competition with newest technologies and lack of expert in R&D is expected to impede the market growth in the near future.

The mobile robotics market is segmented by its products into autonomous underwater vehicles (AUVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and unmanned surface vehicles (USVs). UGV was the major segment of mobile robotics and accounted for largest share of the global demand in 2015. UGVs segment includes automated guided vehicles (AGVs). Further it is expected to continue its dominance in global market over the forecast period due to rising demand of AGV in warehousing and distribution application areas. UAVs segment is expected to exhibit steady growth over the forecast period due to the increased demand in the military, defense, photography, and security applications.

Mobile robotics market is segmented into applications such as logistics & warehousing, defense, medical & healthcare, domestic, entertainment and others. Defense segment dominated the market the mobile robotics market in 2015 followed by logistics & warehousing. Domestic applications sector is attractive segment in this market due to adoption of robotic vacuum cleaners, etc.

Major Market Players:

Some of the key players in mobile robotics market include Adept Technology, Barrett Technology, Swisslog, John Deere, Amazon, Seegrid Corp., iRobot Corporation, KUKA Robotics, Gecko Systems Intl. Corp., Honda Motor Co. Ltd. Some other companies include in this market are Google, Bossa Nova robotics, Aethon, Harvest Automation, Kongsberg Maritime, ECA robotics, Northrop Grumman, and Bluefin Robotics.

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