Press release
Mobile Robotics Market - In-depth Industry Analysis Research Report Forecasts to 2025 by TMR
Browse Market Research Report @ https://www.transparencymarketresearch.com/mobile-robotics-market-2017-2025.html
Over the coming years, the significant increase in labor costs, aging workforce, and the rising demand for productivity are expected to drive the growth of the global market for mobile robotics remarkably. However, the high initial investment may limit the uptake of these robots, which may impact the overall market negatively in the near future.
In 2016, the total opportunity in the global mobile robotics market was US$8.58 bn. Analysts expect it to report a substantial rise at a CAGR of 15.60% between 2017 and 2025, reaching US$30.96 bn by the end of 2025.
Based on the type of mobile robots, the global market for mobile robotics has been classified into unmanned ground vehicles, unmanned aerial vehicles, unmanned surface vehicles, and autonomous underwater vehicles. Currently, unmanned ground vehicles are the most preferred ones among all and are expected to witness constant high demand over the next few years, thanks to the increasing usage of mobile robots in the defense sector to accomplish missions in dangerous, inconvenient, and difficult situations.
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Unmanned aerial vehicles are also projected to witness a substantial rise in their demand over the next few years, thanks to the rising awareness regarding its usage in agriculture practices, border surveillance, and law enforcement.
Asia Pacific to Continue Leading Global Mobile Robotics Market
Geographically, the worldwide market for mobile robotics is categorized into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. With a share of 32.20%, Asia Pacific dominated the global market in 2016. Thanks to the increasing investment in defense and logistics sectors, the adoption of mobile robots is likely to augment remarkably in Asia Pacific, influencing the overall market in the near future.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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