Mobile robot is an automated machine that can be used for performing different human tasks and activities. Mobile robots are designed to move around and are not fixed to one location as general robots. Various types of mobile robots include unmanned ground vehicles (UGVs), unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), and autonomous underwater vehicles (AUVs). Mobile robots have found wide applications across industrial, defense and other security end-use sectors. In the recent years, mobile robots have witnessed wide adoption in industrial applications for warehousing and distribution, painting and depainting, and coating and dispensing. Additionally, these robots are used in domestic applications for assistance.

The most significant factor fueling the market growth is the rising adoption and demand for automation products across different end-use applications. This has led to increased efforts in research and development by various companies operating in the market. Moreover, the mobile robots market growth is driven by the encouragement from governments of various nations worldwide. National governments provide funds and grants for development of advanced robots for defense as well as industrial applications. Nevertheless, major challenge for the market is longer time to market of these robots. In addition, lack of research and development expertise for development of sophisticated robots is another hindrance for the market.

The report titled “Global Mobile Robotics Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global mobile robotics industry along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product types, applications and cross-sectional study across different geographies and sub-geographical segments. The study covers the comparative analysis of different segments for the years 2015 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading mobile robots vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are iRobot Corporation, Honda Motor Co. Ltd., Northrop Grumman Corporation, Adept Technology, Google, Inc., Barrett Technology, Boeing Company, John Deere Company and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the mobile robotics industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global mobile robotics market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

As of 2015, the unmanned ground vehicles (UGVs) is the largest contributor, in terms of revenue, to the global mobile robotics market. In 2015, the segment contributed to more than forty percent of the total market revenue. These robots are used across different applications such as domestic, field application and healthcare. Another key expansion of mobile robotics has been in security, monitoring, and patrolling applications. The industry has witnessed new applications such as assistive driving and automated cars. Consequently, the segment is estimated to retain its dominant position in the market throughout the forecast period. Nevertheless, the unmanned aerial vehicles segment is projected to witness the highest growth in the coming years. The high growth rate is major due to rising usage of drones for defense and civil applications, globally.

As of 2015, Asia Pacific dominates the global mobile robotics market contributing to more than one third of the total market revenue. The growth here is majorly attributed to the wide adoption of mobile robots across domestic and field applications. The Asia Pacific region is estimated to retain its dominant position in the market throughout the forecast period, expanding with the highest CAGR. The growth here is mainly backed by China, Japan, Australia, South Korea and some of the Southeast Asia countries.

North America accounts for the second largest share in the global market. The region is among the first adopters of mobile robots across different applications. Additionally, the market growth here is supported by the presence of large number of companies operating in the market. Consequently, the region is estimated to continue witnessing strong growth in the global market throughout the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mobile Robotics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Mobile Robotics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Mobile Robotics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Mobile Robotics market?
• Which is the largest regional market for Mobile Robotics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Mobile Robotics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Mobile Robotics market worldwide?