Autonomous Navigation Robot- Market Scope
An autonomous Navigation Robot is one type of device that is able to plan its path and execute its plan without human intervention. Autonomous navigation robots have extensively been used to lower the burden of farmers. Robotic technology has a large potential to support agricultural activities by automating many tasks in order to lower the burden of farmers by automating tasks to reduce labor is highly desirable as they directly lead to an increase in production. Geographically the Asia Pacific is leading for higher adoption of autonomous navigation robots in the field of farming followed by North America in order to improve increase productivity of labor. Hence these are the key factor that is propelling the market growth over the upcoming year
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | INERTIAL SENSE (United States), BlueBotics (Switzerland), IncubedIt (Austria), Navitec (United States), Tempo Automation (United States), OMRON (Japan), Magazino (Germany), Smart Robotics (Netherlands), Tibot Technologies (France), Kinfinity (Germany), Scaled Robotics (Spain), Aldebaran Robotics (France), Flyability (Switzerland) and Others |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the Agriculture sector. It has wide application for City Management, Commerce and Industry, Development, Finance, Health, Housing, Recreation and Culture, Social Welfare as well as Transport. Several companies such as INERTIAL SENSE, BlueBotics are operating in the market to provide customers better with various features & unique offering services and products. The market is a partially fragmented market with the presence of several market players and local players. The demand in the market is huge that is triggering the market growth over the forecast period
INERTIAL SENSE (United States), BlueBotics (Switzerland), IncubedIt (Austria), Navitec (United States), Tempo Automation (United States), OMRON (Japan), Magazino (Germany), Smart Robotics (Netherlands), Tibot Technologies (France), Kinfinity (Germany), Scaled Robotics (Spain), Aldebaran Robotics (France), Flyability (Switzerland) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Autonomous Navigation Robot- market by Type and Region with country level break-up.
On the basis of geography, the market of Autonomous Navigation Robot- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On February 2021, Verizon has acquire incubed IT. The main aim of the acquisition will expand Verizons robotic capabilities to power the future of robotic automation for enterprise customers
On January 2022 Serve Robotics has Launch Level 4 Self-Driving Robots
Influencing Trend:
Due to advanced technology in autonomous navigation robots have the potential to improve operations.
Market Growth Drivers:
Rapidly Increasing advancement in technology is the main factor driving the growth of the market
Challenges:
large amount of time is required for the installation
Restraints:
Large skilled manpower is required to manufacture the robot and a large amount of initial investment is required
Opportunities:
It has a deep impact in to drive supply chain innovation
Key Target Audience
OEM (Original Equipment Manufacturer), Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry