Press release
Mobile Robotics Market rise at a CAGR of 15.60% between 2017 and 2025 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
"The Report Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"Global Mobile Robotics Market: Overview
Mobile robots are automated machines that are mobile. These robots are capable of moving around without following a fixed path as compared to traditional robots. The rising concern over workspace efficiency is one of the major drivers for the mobile robotics market. In addition, the mobile robotics is also being adopted in defense industry.
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The mobile robots are extensively used in defense applications such as surveillance, security and inspection. In 2015, the Department of Homeland Security, U.S. announced a USD 4 trillion budget proposal for fiscal year 2016. Furthermore, The Pentagon also had plans of spending USD 2.9 billion for acquiring unmanned robotic systems. Moreover, the mobile robots are also expected to replace human soldiers in future. Furthermore, implementation of mobile robotics in China is also aiding to the growth of the market significantly.
The increasing demand for efficient manufacturing in China is leading to government initiatives being taken to equip the factories with advanced mobile robots. The province of Guangdong, China has decided to invest USD 154 billion to install mobile robots. Furthermore, major manufacturers like Foxconn also plan to install more than a million robots in the next few years. China is world’s leading producer of a majority of items ranging from clothes to electronics. However, the country primarily depends on low cost and low skilled labors. The rising labor wages and slow economic growth has prompted the government to diversify its workforce and make the manufacturing facilities technology advanced. This factor has resulted into the increasing adoption of mobile robots in manufacturing industries.
However, one factor limiting the demand for mobile robotics is the high cost for installation of these robots. Furthermore, purchasing an automated guided vehicle (AGV) is very costly when compared to hiring personnel or buying equipment. In addition, these robots undergo frequent wear and tear due to continuous function and need to undergo regular maintenance. The cost of maintenance is also high for these robots. Moreover, factories with smaller operations might not have access to such huge capitals and hence are unable to afford such robots. However, the falling prices of the components are expected to lower the price of AGVs in future. The high initial cost involved with these robots is expected to hinder the growth of the market moderately during the forecast period.
Global Mobile Robotics Market: Segmentation
The global mobile robotics market has been segmented by types into unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), unmanned surface vehicle (USV) and autonomous underwater vehicle (AUV). The UGVs held the largest market share during the forecast period. These robots are now widely used in medical and healthcare segment for delivery of medicines and equipment and instruments. Increasing use of mobile robots in defense is one of the important factors bolstering the demand of unmanned ground vehicles in the global market. Since these vehicles operate autonomously, they can be used to accomplish missions in dangerous, inconvenient and difficult situations.
By application, the global mobile robotics market has been bifurcated into industrial and services segment. The service application segment has been anticipated to hold the largest market share. Regionally, the global mobile robotics market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific has been analyzed to be largest and fastest growing region during the forecast period. The increasing adoption of mobile robots in developing countries such as India and China is aiding to the demand for this market in this region.
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Companies Mentioned in the Report
The major vendors in the global mobile robotics market are iRobot Corporation, Barrett technology, Swisslog, John Deere, Fanuc Corporation, KUKA AG, Honda Motor Co. Ltd., Boeing Company, Seegrid Corporation, Google, Inc., Northrop Grumman Corporation, Lowe’s Company, Inc. Amazon, Inc., Fetch Robotics, Inc., Omron Adept Technologies, Clearpath Robotics, Inc., Bossa Nova Robotics, Savioke, Aethon, Inc. and Locus Robotics.?
The segments covered in the global mobile robotics market are as follows:
By Types
Unmanned Ground Vehicles
Unmanned Aerial Vehicles
Unmanned Surface Vehicles
Autonomous Underwater Vehicle
By Application
Industrial
Service
By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Korea
Rest of Asia Pacific
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America
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Table of Content
Chapter 1 Global Mobile Robotics Market
1.1 Research description
1.2 Research scope
1.3 Research methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Market dynamics
3.2.1 Market Drivers
3.2.1.1 Increasing demand for factory automation
3.2.1.2 Global rising investment in defense applications
3.2.1.3 Integration of mobile robots for e-Commerce Logistics
3.2.1.4 Increasing adaptation of mobile robots in China is driving the APAC market
3.2.2 Market Restraints
3.2.2.1 High Initial Investment
3.2.3 Market opportunities
3.2.3.1 Emerging idea of Industry 4.0 is expected to drive the mobile robotics market in future
3.3 Value chain analysis
3.3.1 Standard components and subsystems providers
3.3.2 Special components suppliers
3.3.3 Robotics software providers
3.3.4 Mobile robot manufacturers and suppliers
3.3.5 System integrators and value added resellers
3.4 Mobile robot industry – Porter’s Five Forces Analysis
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat from substitute
3.4.4 Threat from new entrants
3.4.5 Degree of competition
3.5 Global Mobile Robotics: Market attractiveness analysis
3.6 Market Share by Key Players, 2016 (%)
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Chapter 4 Global Mobile Robotics Market Analysis, by Type, 2016 - 2025
4.1 Overview
4.2 Unmanned Ground Vehicles (UGVs)
4.3 Unmanned Aerial Vehicles (UAVs)
4.4 Unmanned Surface Vehicles (USVs)
4.5 Autonomous Underwater Vehicles
Chapter 5 Global Mobile RoboticsMarket Analysis, by Application, 2016 - 2025
5.1 Overview
5.1.1 Global Mobile Robotics Market, revenue share by Application, 2016 and 2025
5.2 Industrial Application
5.2.1 Mobile robotics market size and forecast, industrial application 2016 – 2025 (USD billion)
5.2.2 Mobile robotics market size and forecast, Logistics and warehousing, 2016 – 2025 (USD billion)
5.3 Service Application
5.3.1 Mobile robotics market size and forecast, Service application 2016 – 2025 (USD billion)
5.3.2 Mobile robotics market size and forecast, by professional service application 2016 – 2025 (USD billion)
5.3.3 Mobile robotics market size and forecast, by Personal service application 2016 – 2025 (USD billion)
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