Global Mobile Robots Market Growth, Size, Research Report and Forecast 2024-2032

Mobile Robots Market Size And Forecast

Mobile Robots Market size was valued at USD 27.1 Billion in 2020 and is projected to reach USD 160 Billion by 2028, growing at a CAGR of 24.11% from 2021 to 2028.

The growth of mobile robots by end-users in the agricultural, medical, and defense sectors to harness their flexibility is expected to drive the market over the predicted years. Also, technological advancements in the field of mobile robotics have infused the capability of disarming roadside bombs in mobile robots that helps counter the threat of increased terrorist attacks expects a boost to the market in the coming years. The Global Mobile Robots Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Mobile Robots Market Definition

A mobile robot can be defined as a robot that is capable of locomotion. These kinds of robots are considered to be part of information engineering and robots. Mobile robots are generally controlled by software and use sensors and other gear to be able to identify their surroundings. Mobile robots combine the advancements that have been made in physical robotics, which allow for the amalgamation of the benefits for both traditional as well as advanced robot technologies.

They are classified based on the operating environment i.e. Aerial, Ground, and Marine. Based on the component they are bifurcated into Hardware and Software. There are two types of mobile robots include Professional Robots and Personal and Domestic Robots. Various application areas of mobile robots are Domestic, Entertainment, Education, & Personal, Military, Field, Medical, Public Relations, and Inspection, Logistics, Human Exoskeleton, and Construction, and Demolition.

Global Mobile Robots Market Overview

The growth of mobile robots by end-users in the agricultural, medical, and defense sectors to harness their flexibility is expected to drive the market over the predicted years. Also, technological advancements in the field of mobile robotics have infused the capability of disarming roadside bombs in mobile robots that helps counter the threat of increased terrorist attacks expects a boost to the market in the coming years.

Additionally, rising governmental funds and grants are predicted to fuel the market during the forecasted years. There are certain restraints and challenges faced which can hinder the market growth. Factors such as the higher initial cost as well as the lack of awareness concerning mobile robots are likely to act as market restraints.

Global Mobile Robots Market: Segmentation Analysis

The Global Mobile Robots Market is Segmented on the basis of Operating Environment, Component, Type, Application, And Geography.

Mobile Robots Market, By Operating Environment

• Aerial• Ground• Marine

Based on Operating Environment, the market is bifurcated into Aerial, Ground, and Marine. The increasing concern of national security is expected to fuel the demand for mobile robots operating in various operational environments.

Mobile Robots Market, By Component

• Hardwareo Sensoro Actuatoro Power Supplyo Control Systemo Others• Software

Based on the Component, the market is bifurcated into Hardware and Software. The hardware component is sub-divided into the sensor, actuator, power supply, control system, and others.

Mobile Robots Market, By Type

• Professional Robots• Personal and Domestic Robots

Based on Type, the market is bifurcated into Professional Robots and Personal and Domestic Robots. Professional Robots are expected to hold the largest market share. The factors can be credited for a higher return on investment (ROI), short- to medium-term payback period, and the adoption of professional robots for medical applications, such as laboratory automation and surgery assistance.

Mobile Robots Market, By Application

• Domestic• Entertainment, Education, and Personal• Military• Field• Medical• Public Relations and Inspection• Logistics• Human Exoskeleton• Construction and Demolition

Based on Application, the market is bifurcated into Domestic, Entertainment, Education, and Personal, Military, Field, Medical, Public Relations, and Inspection, Logistics, Human Exoskeleton, and Construction and Demolition. The domestic segment is anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to research activities & Technological advancements and innovation & modernization in the field of robotics.

Mobile Robots Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Mobile Robots Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the use of domestic robots for maintenance & cleaning, strong demand for UAVs in Australia, Japan, China, India, & South Korea, and the growing use of mobile robots in agricultural, medical, & industrial applications.

Key Players

The “Global Mobile Robots Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Kuka, Northrop Grumman, Honda Motor, Softbank, Irobot, DJI, Lockheed Martin, Kongsberg Maritime, Bluefin Robotics Corporation and Samsung Electronics.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations and Agreements

• On March 2021, Softbank Robotics Group and Avalon formed a joint venture to develop breakthrough goods and technologies to empower and enhance public health and well-being. Avalon SteriTech and Softbank Robotics launched a 2-in-1 AI-powered cleaning and disinfection robotics solution for a new age of community-wide innovative cleaning.

• On May 2021, SESTO Robotics has collaborated with Baumüller Anlagen-Systemtechnik in Germany. Through this partnership, SESTO Magnus is now based in Germany, Switzerland & Austria. This partnership has also made SESTO Robotics the first Singapore-based robotics company to provide autonomous mobile robot solutions with smart manufacturing located in Europe.

Mergers and Acquisitions

• On January 2020, Material Handling System, the provider of software solutions & material handling automation, acquired eMotion Controls Co., a software & controls system integration company.

• On July 2021, Zebra Technologies, a front-line business innovation with solutions and partners that offer a competitive advantage, has announced its plan to acquire Fetch Robotics, a pioneer in on-demand automation.

Product Launches and Product Expansions

• On July 2020, Omron Automation Americas expanded its autonomous material transport solutions by introducing heavy-duty mobile robots for large payload capacity applications.

• On Oct 2020, ClearPath Robotics further integrated its Jackal UGV, Husky UGV, and Dingo platforms with expanded support for the Nvidia Jetsons, including the Nano, Xavier NX/AGX, and TX2 modules. With this, the company’s robots got a computing boost with Nvidia Jetson modules.

• On March 2021, IAM Robotics introduced their latest robot, Bolt. It provides the power to accomplish more in material handling—faster, longer, and further. Bolt is designed to flourish in warehousing and manufacturing environments and is packed with high-tech capabilities.

• On May 2021, SMP Robotics developers focused their efforts on enhancing the autonomy of robots. Minimizing the need for a remote operator to participate in robot work allows one operator to monitor the performance of more robots and improve the efficiency of the work.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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