Increasing demand for mobile robots for a range of applications across various industries is a major factor expected to continue to drive growth of the global mobile robots market.

Overview:

Mobile robots are extensively used in areas and locations such as a warehouses, in health care sector, for scientific research purposes, education, automation manufacturing, military and security operations and applications, energy harvesting, agriculture, etc. Mobile robots are used to assemble information from any area or settings that could endanger personnel, or to handle difficult tasks that cannot be done by humans.

Dynamics:

Increasing demand for mobile robots for a range of applications across various industries is a major factor expected to continue to drive growth of the global mobile robots market. In addition, growing demand in various manufacturing industries for handling heavy loads, or repetitive tasks including welding, packing, material handling, dispensing etc., and also for ability to complete such tasks more quickly, thereby saving time and money are additional factors expected to drive growth of the global mobile robots market to a significant extent.

Moreover, growing trend towards digitization and increasing number of companies preparing or in the process of utilizing artificial intelligence (AI) for tasks in order to improve speed and productivity and save time and effort cost-effectively through the deployment of mobile robots, as well as to enhance work environment, increase profitability, function over longer working hours, boost company image etc., is excepted to drive growth of the global mobile robots market.

However, deployment costs are relatively high and could be out of budget for smaller or budget-crunched companies. In addition, engineering expertise is required for maintenance purposes, and mobile robots require continuous updation, which are among some of the basic but major factors that could restrain growth of the global mobile robots market.

Key Players:

iRobot Corporation
KUKA Robotics Corporation
Universal Robots
Amazon Robotics
Mayfield Robotics
Samsung Electronics
Gecko Systems
Honda Motor Co., Ltd.
Denso Corporation
Bluefrog Robotics

Global Mobile Robots Market Segmentation, by type:

Personal and Domestic
Professional

Global Mobile Robots Market Segmentation, by applications:

Healthcare
Education
Scientific research
Defense and Security
Aerospace
Automotive Industries
Electronics
Domestic
Others

Regional Analysis:

The market in North America is expected to dominate the global target market in terms of revenue share owing to the development of new applications of robotic technology and utilizing mobile robots in various industrial applications. Governments in countries in North America are investing and exploring new applications for mobile robotics and for various purpose such as for aerospace and defense applications, surgical operations, defusing bombs, and for other domestic uses. The market in Asia Pacific is projected to register fastest growth, and is expected to account for a significant share in terms of revenue in the target market. This is attributable to increasing automation and engineering activities, and also rising adopting of mobile robotics in areas such as defense, manufacturing, healthcare, and education. The market in Europe is expected to account for substantial revenue share in the target market owing to implementation of mobile robotics in automotive and healthcare industries.