The global Mobile Robot Market will be worth USD 117.89 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of mobile robots in the manufacturing plants. Adopting intelligent technologies such as artificial intelligence, deep learning, and mobile robotics drives the growth of the mobile robot market over the forecast period. The growing need for automation and self-optimization of the machinery in the factories to obtain increased productivity and enhanced operational efficiency is anticipated to fuel the development of the market. The manufacturing plants are increasingly adopting autonomous mobile robots in the manufacturing plants to ensure worker safety, reduce human resources and operational & manufacturing costs, and eliminate human errors.
The Global Mobile Robot Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Some Key Highlights from the Report
- In October 2019, Northrop Grumman and Carnegie Mellon University (CMU) have formally signed a master research agreement (MRA), which will help foster innovation between the two organizations.
- The Unmanned Ground Vehicles segment held the largest market share of 40.2% in 2019. Increasing applications of the Unmanned Ground Vehicles in military and defense fields is expected to drive the segment’s growth.
- The domestic segment is forecasted to grow with the fastest CAGR of 24.8% over the forecast period. Implementation of Artificial Intelligence and the Internet of Things (IoT) has technologically advanced mobile robots and increased their usage for domestic purposes.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The high penetration rate of e-commerce channels in the region is a key contributing factor to the growing demand for autonomous mobile robots in the e-commerce and logistics companies to meet the higher customer demand and labor shortages.
The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Mobile Robot market analysis provides everything a business owner needs in order to succeed.
Major Players/Manufacturers profiled in the report are:
Northrop Grumman, Kuka, iRobot, Honda Motor, Softbank Group, Kongsberg Maritime, DJI, Bluefin Robotics Corporation, Samsung Electronics, and Lockheed Martin, among others.
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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2020-2027.
Emergen Research has segmented the global Mobile Robot Market on the basis of Product, Application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Unmanned Aerial Vehicles (UAVs)
- Unmanned Ground Vehicles (UGVs)
- Unmanned Surface Vehicles (USVs)
- Autonomous Underwater Vehicles (AUVs)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Warehouse & Logistics
- Defense & Security
- Energy & Power
- Mining and Minerals
- Automotive
- Entertainment, Education and Personnel
- Domestic
- Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Mobile Robot market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Mobile Robot market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Mobile Robot market.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Mobile Robot Market
- Critical assessment of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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