Mobile Robotics Market Expected to Deliver Dynamic Progression until 2020

Posted by Sona Kulkarni on November 23rd, 2023

According to a new study by Grand View Research, Inc., global mobile robotics market size can be attributed to increased adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market.

Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants.

Want To Access Research Report of Mobile Robotics Market Click the link Below http://www.grandviewresearch.com/industry-analysis/mobile-robotics-market

Further key findings from the study suggest:

• Unmanned Ground Vehicles (UGVs) are expected to be the most dominant segment over the next six years due to a plethora of mobile robotics opportunities in military and defense. UAVs have considerable growth potential owing to their capability to cater to diverse applications such as surveying, wildlife research, mapping, security, and defense.
• The market for service applications is expected to witness high growth over the forecast period. Professional robots dominated the overall service robotics market, with a large number of applications in defense and agricultural applications. Increasing use in personal assistance and for medical purposes, such as in drug delivery, is expected to be favorable for the personal robotics market. In the industrial segment, warehousing & distribution is expected to remain the key market; other applications mainly include painting, coating, and inspection.
• Asia Pacific was the dominant regional market in 2013; it is further expected to continue being the market leader over the next six years. Increased adoption of mobile robots in industrial, agricultural, and medical applications has driven regional mobile robotics market growth. Growing domestic robots demand is expected to be the key driving force for the North America market.
• Leading market players have strived to develop robots capable of delivering and sustaining in challenging environments. There has been an increased emphasis on developing mobile-based applications to control unmanned vehicles. The industry is characterized by notable mergers and acquisitions; for instance, Adept Technology’s acquisition of MobileRobotics Inc.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-mobile-robotics-market

Grand View Research has segmented the global mobile robotics market on the basis of product, application and region:

Mobile Robotics Product Outlook (Revenue, 2012 - 2020)

• Unmanned Ground Vehicles (UGVs)
• Unmanned Aerial Vehicles (UAVs)
• Unmanned Surface Vehicles (USVs)
• Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Application Outlook (Revenue, 2012 - 2020)

• Industrial
• Service

Mobile Robotics Regional Outlook (Revenue, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.