Global Mobile Robotics Market to Surge to US$155.78 Billion by 2030, Driven by Automation Demand and AI Advancements at 22.9% CAGR

A mobile robot is an automatic machine that is capable of locomotion. Mobile robotics is usually considered to be a subfield of robotics and information engineering. Mobile robots can move around in their environment and are not fixed to one physical location. Mobile robots can be autonomous which means they are capable of navigating an uncontrolled environment without the need for physical or electro-mechanical guidance devices. Alternatively, mobile robots can rely on guidance devices that allow them to travel a pre-defined navigation route in a relatively controlled space. The components of a mobile robot are a controller, sensor, actuators, and power system. The controller is generally a microprocessor or personal computer. The mobile robots may be classified as the environment in which they travel and the device they use to move.

Autonomous robots with random motion bounce off walls, whether those walls are sensed. The basic function of a mobile robot includes the ability to move and explore, transport payloads, or revenue-producing cargo, and complete complex tasks using an onboard system, like a robotic arm. Mobile robots are being used to access areas, such as nuclear power plants, where factors, like high radiation, make the area too dangerous for humans to inspect and monitor themselves. One of the major advantages of mobile robots is their computer vision capabilities. The complex array of sensors used by mobile robots to detect their surroundings allows them to accurately observe their environment in real time. The use of mobile robots in homes is also a future possibility, but the improved reliability of large mobile robot systems is required as well as an elimination of the barrier between the robot and human worlds.

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Global Mobile Robotics Market – Competitive Landscape

On November 16, 2023, INBC invested USD 29 million into 4AG robotics clarius mobile health, Pender, and amplitude ventures. On July 26, 2023, Collaborative Robotics raised USD 30 million in series A funding. On May 18, 2023, Miso Robotics the company transforming the restaurant industry with robotics and intelligent automation announced a partnership and multi-million-dollar investment from the company, Ecolab. On March 11, 2022, Nvidia invested USD 10 million in a last-mile company serving robotics.

Some of the Key Players in the Global Mobile Robotics Market Include –

  • ABB
  • Omron Automation
  • Mobile Industrial Robots
  • Fetch Robotics
  • Otto Motors
  • Mitsubishi
  • KUKA
  • Agilox Service
  • Amazon Robotics

Global Mobile Robotics Market – Growth Drivers

Increasing demand for automation in industries like manufacturing, logistics, and healthcare is a primary driver, promoting the acceptance of mobile robotics for efficiency and productivity. 76% of businesses use automation for standardizing or automating daily workflows. Continuous technological advancements, including sensors, artificial intelligence, and machine learning, are driving the development of more sophisticated and capable mobile robotics systems. The growth of e-commerce and the need for efficient warehouse operations are propelling the demand for mobile robots in tasks such as order fulfillment, inventory management, and logistics. Businesses are turning to mobile robotics as a solution to rising labor costs and shortages, especially in regions facing challenges in funding skilled or available workers. The emphasis on creating safer work environments is driving the adoption of mobile robots for tasks that pose risks to human workers, contributing to improved workplace safety. The COVID-19 pandemic has accelerated the adoption of mobile robotics, especially in healthcare and essential services, to minimize human-to-human contact and enhance operational resilience. The expansion of the Internet of Things and connectivity solutions is enhancing the capabilities of mobile robotics, allowing for better communication, coordination, and data sharing driving the mobile robotics market growth.

Global Mobile Robotics Market – Restraints

The installation cost of implementing mobile robotics systems can be a barrier for some businesses, especially small and medium enterprises. According to the National Center for Biotechnology Information (NCBI), the cost for the acquisition and use of robotic equipment is USD 706,250. Integrating mobile robotics into existing workflows may be complex, requiring specialized expertise and causing disruption during implementation. The shortage of skilled personnel proficient in robotics technology can hinder the adoption and effective utilization of mobile robotics systems. Resistance from the workforce due to fears of job displacements as automation and robotics replace certain manual tasks, leading to potential social and labor challenges. Stricter safety regulations and concerns about the reliability of autonomous systems may create hurdles in widespread adoption, particularly in safety-critical industries. With the increased use of sensors and data collection in mobile robotics, concerns about data security and privacy may impede adoption, especially in sensitive applications. Mobile robotics may face challenges operating in certain environments, such as extreme weather conditions or hazardous settings, limiting their applicability. The absence of standardized protocols for mobile robotics may result in interoperability issues and hinder seamless collaboration between different systems and vendors.

Global Mobile Robotics Market – Opportunities

Smart mobile robot adoption is expected to easily outpace the adoption of drones within supply chains over the next few years. Machine learning is expected to hit mainstream adoption in the next few years, which will create a greater demand for mobile robots. Due to the exploding demand for consumables and perishable goods across numerous industries, such as electronics, automobiles, and e-commerce automation is growing quickly which is advantageous for robotics because warehousing looking for integrated robotics solutions. In the education sector for robotics in STEM education. Research applications for mobile robots, including exploration and data collection in diverse environments.

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Global Mobile Robotics Market – Geographical Insight

The market for mobile robotics is segmented into regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. North America is the largest market for mobile robotics due to advanced manufacturing and logistics applications driving significant mobile robotics acceptance. The increase in industries also contributes to the growth of mobile robotics in this region. In Asia-Pacific the rapid acceptance of mobile robotics in industrial automation, particularly in countries such as China and Japan. Increasing technological advancement also fueled the mobile robotics market expansion.

Global Mobile Robotics Market – Key Development

  • On November 20, 2023, Amazon’s new mobile robot titan can lift over 1,100 Kg which takes on extra heavy lifting.
  • On September 22, 2023, Omron introduced the MD-650 autonomous mobile robot.
  • On August 25, 2023, Hikrobot shines at an automation expo with the launch of four new machine vision products and a display of mobile robots.
  • On April 27, 2023, Stretch from Boston Dynamics puts mobile robots at the forefront of intralogistics technology.
  • On April 21, 2023, Sick released 3D LiDAR for mobile robots.