The market size of mobile robots has exceeded 25.3 billion US dollars in

The market size of mobile robots has exceeded 25.3 billion US dollars in

NEW YORK, US, September 22, 2022 (GLOBE NEWSWIRE) – According to a comprehensive research report by Market Research Future (MRFR), “Mobile Robotics Market Research Report, by Component, Mobility Type, Application, Vertical – Outlook to 2030”, estimates To reach $25.3 billion by 2030, at a compound annual growth rate of 21.40% over the evaluation period (2022-2030).

Mobile Robot Market Overview

The mobile robotics market is expected to continue to show rapid revenue growth in the coming years. The growing demand for mobile robots from the healthcare, ocean exploration and aerospace industries is a major driving force behind the market growth.

Over the recent years, an exponential growth has been observed in the deployment of AI-powered autonomous mobile bot management platforms. Also, Autonomous Mobile Robots (AMRs) that allow human workers to be redistributed to see greater market demand, adding more value and enhancing the supply chain. Nanobots and user-friendly robot interfaces, which allow for safe human-robot interaction, are experiencing rapid developments.

The active players in the mobile robotics market are:

  • Honda Motor Co., Ltd. (Japan)
  • iRobot Corporation (US)
  • Denso Corporation (Japan)
  • Northrop Grumman Corporation (USA)
  • KUKA Robotics Corporation (Germany)
  • Harvest Automation (USA)
  • Epson America, Inc. (United State)
  • FANUC Ltd (Japan)
  • Yaskawa Motoman Robotics (USA)
  • Global Robots (Denmark)

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The world of mobile robotics is witnessing many new trends; Most notably the spread of artificial intelligence, autonomous driving, and advances in network communications. Also, the rapid deployment of autonomous mobile robots by many Tier 1 auto parts manufacturers is an important market trend. There are many academic institutions around the world dedicated to mobile robotics research.

There are two types of mobile robots, autonomous and non-autonomous mobile robots. Various fields such as medicine, healthcare, sports, ergonomics, distribution of goods and services use autonomous or non-autonomous mobile robots according to their requirements. In addition to the commercial and industrial sectors, mobile robots are also commonly used in public sectors such as hospitals and airports.

Scope of the Mobile Robots Market Report:

Report metrics details
market size 25.3 billion US dollars
compound annual growth rate 21.40% (2022-2030)
base year 2021
prediction period 2022-2030
Report coverage Revenue forecast, competitive landscape, growth factors, and trends
Key market opportunities Mobile robots are adopted in various industries such as military and defense, logistics, personal family, ocean exploration, space exploration, automotive and warehousing.
Main market drivers High manufacturing and manufacturing activities.
Well-established robotics technologies and the deployment of mobile robots for various industrial applications

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Industry trends

The mobile robots market is showing a high level of maturity and a wide range of competitive, reliable and compatible mobile robots are readily available. The stimulation of industrialization and automation across manufacturing sectors across the world is creating significant market demand. Recent advances in software planning technology and internet connectivity improvement are affecting the market landscape positively.

Mobile robotics platforms provide automated platforms for material handling and inventory management in warehousing applications. With many organizations increasingly adopting autonomous technology to accelerate operations in the warehouse environment and expand revenue growth, the demand for mobile robotics systems is growing exponentially.

The ever-growing e-commerce sector and the constant shortage of labor encourage the implementation of complete workflow automation. The increasing use of mobile robots in increasing numbers of manufacturing, distribution and fulfillment centers for various material handling tasks is setting the growing market landscape, increasing industries’ dependence on mobile robotic device systems.

Mobile Robots Market Segments

The mobile robotics market is segmented into types, applications, end users, and regions. The genre segment consists of person-to-person cargo-picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles, among others. Among these, the Autonomous Forklift segment is growing at a higher growth rate, with rapid technological advancement and growing demand in the e-commerce industry for real-time deliveries and smart mapping.

However, segments such as goods to autonomous inventory robots, people opting for robots, and unmanned vehicles are expected to show steady growth due to rising warehouses and distribution centers and major manufacturers’ focus on developing advanced reports for inventory management, among others.

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The application segment consists of sorting, labeling, warehouse fleet management, and others. The end-user segment consists of warehouses, distribution centers, manufacturing, and others. The region’s segment includes Asia Pacific, the Middle East, Africa, the Americas, Europe and the rest of the world.

Mobile Robots Market Regional Analysis

The Asia Pacific region leads the global mobile robotics market due to rapid industrialization and rapidly growing manufacturing segments. Besides, the presence of several major technology providers and development centers enhances the market share of the region, allowing early uptake of advanced robotics. Also, the availability of technology, raw materials, and manpower at a competitive cost is driving the growth of the Mobile Robotics market.

North America is another profitable market for mobile robots globally. The growing manufacturing and manufacturing sectors are boosting the regional market size. Moreover, the widespread uptake of robotics in the home and industrial security and ocean and aerospace exploration sectors is increasing the market value. High developments, automation across production units, and a growing focus on enhancing connectivity capabilities are underpinning the revenue of the mobile robotics market.

Europe is rapidly emerging as a lucrative market for mobile robots. Factors such as the increasing applications of robotic solutions in the well-established automotive sector and the steadily growing industries in the region are driving up the market value. In addition, the increase in research and development activities and investments in the development of robotics is affecting the growth of the market in the region.

Competitive landscape of the mobile robotics market

The well-established mobile robotics market appears to be fragmented with several major companies forming a competitive environment. Technology providers integrate strategic approaches such as collaborations, mergers and acquisitions, expansions and product launches to gain a competitive advantage. Also, they focus on innovations and the development of new solutions, which fuels already intense market competition.

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For example, on September 20 and 22, CoEvolution, the leading provider of intelligent logistics, announced its plan to enter the US market with a solution that enables fleets of mobile bots from multiple providers that integrate and communicate directly with other bots.

Integrating heterogeneous fleets of mobile robots from different vendors is the next step in warehouse automation. The CoEvolution solution connects existing bot systems and provides a unified bot control system, allowing bots to talk directly with other bots from any provider. This technology can allow logistics companies and warehouse managers to manage unique warehouse automation solutions tailored to their specific needs.

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Market Research Future (MRFR) is a global market research company that prides itself on its services, providing complete and accurate analysis in relation to diverse markets and consumers worldwide. Market Research Future has the distinct objective of providing optimum quality research and accurate customer research. Our market research studies by products, services, technologies, applications, end users and market players for global, regional and country market segments, enables our clients to see more, learn more and do more, helping answer your most important questions.

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