Mobile Robotics Market To Witness Mushrooming Growth With A 12.30% CAGR By 2032

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Mobile Robotics  Market Research Report

Mobile Robotics Market – Insights

Mobile robotics is developing in leaps and bounds due to the integration of AI and IoT in manufacturing processes. Market reports linked to the semiconductor and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The Mobile robotics market is poised to expand with a CAGR of 12.30% approximately in the forecast period.

The superior reliability and accessibility offered by mobile robotics is boosting their demand in various setups. The application of mobile robotics in hazardous and monotonous tasks is increasing their demand substantially. The market is increasing substantially owing to the expansion of the industrial segment coupled with the massive advancements in Industrial Internet of Things (IIoT). The application of mobile robotics in personal household, oceanic exploration, space exploration, automotive and warehousing expected to further the market share in the upcoming years.

Segmental Analysis

The segmentation of the market is carried out on the basis of components, navigation type, application and vertical. On the basis of components, the market is segmented into software and hardware. The hardware component is additionally segmented into control units, power units, sensors, motors, and others. The navigation type segment of the market is segmented into unmanned surface vehicles (USVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and autonomous underwater vehicles (AUVs). The application- based segmentation of the market consists of entertainment, inspection & maintenance, domestic household tasks, education & research, security & surveillance, and others. On the basis of vertical, the mobile robotics market is segmented into manufacturing, logistics & warehousing, military & defense, healthcare, retail, automotive, and others.

Regional Analysis

The region-wise analysis of the market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the world. The North American region is controlling the mobile robotics market owing to the deployment of mobile robots for various industrial applications and well-established robotics techniques. Furthermore, the governments in the US, Mexico, and Canada are advancing to inspire the acceptance of mobile robotics in the aerospace & defense sector. Also, the North American region is experiencing a high implementation of mobile robotics for home uses such as lawn mowing, vacuum & floor cleaning, and others. The Asia Pacific region holds the next major market for mobile robotics sowing to the rising industrialization and manufacturing actions in this region. Nations such as India, China, and Japan are implementing mobile robotics on a large scale for manufacturing, defense, education, healthcare, and personal assistant applications. The European region is responsible for the third major market for mobile robotics owing to the acceptance of mobile robotics in the automotive and healthcare industries in France, Germany, and the UK. 

Competitive Analysis

The evolution patterns are revised in tandem to the customer likings to realize the best growth, and in the long run, viability. The framework for growth plans also has stimulated the market for potential new entrants. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The leadership trends in the market are reinforcing the level of growth that can be achieved in the current market scenario.  The alterations seen in terms of strategy execution and creation are modifying the development pace of the market. The plan formulation process in the market has become significantly easier in which deviations are well accounted for; this approach increases the overall success of these plans in the market. The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively.

The competitors at the forefront in the market of global mobile robotics market are KUKA Robotics Corporation (Germany), Denso Corporation (Japan), Epson America, Inc., (US), Northrop Grumman Corporation (US), Harvest Automation (US), iRobot Corporation (US), FANUC Ltd (Japan), Universal Robots (Denmark), Honda Motor Co., Ltd. (Japan), and Yaskawa Motoman Robotics (US).

Industry Updates:

Oct 2018: Honeywell today announced a strategic collaboration with Fetch Robotics to provide distribution centers with autonomous mobile robots to help them more effectively fulfill growing volumes of e-commerce orders. The initiative enables Honeywell Intelligrated’s customers to increase productivity and boost labor efficiency by deploying Fetch Robotics’ autonomous mobile robotics.

Oct 2018: Osram and Deutsche Telekom are partnering to test mobile robotics in a smart factory at Osram’s Schwabmünchen plant. The companies will prototype and test a separate network infrastructure based on a dual-slice Campus Network solution. The solution coalesces and integrates public and private LTE connectivity. Additionally, a local Edge Cloud is being deployed.