Industry Background:
Mobile robotics is the industry associated with creating mobile robots, which are robots that may move around in a physical environment. Mobile robots are typically controlled by software and use sensors and other gear to spot their surroundings. Mobile robots combine the progress in artificial intelligence with physical robotics that permits them to navigate their surroundings. There are 2 types of mobile robotics such as autonomous and non-autonomous mobile robots. Autonomous mobile robots can explore their environment without external guidance, whereas guided robots use some type of guidance system to move. Other semi-stationary robots have a slight range of movement. The field of mobile robotics is vital nowadays as firms look at how to utilize artificial intelligence.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Dominating Application | Defense & Government |
Key Companies Profiled | IRobot Corporation (United States), Amazon Robotics, Inc. (United States), Northrop Grumman Corporation (United States), KUKA AG (Germany), Honda Motor Co., Ltd. (Japan), Google Inc. (United States), Bossa Nova Robotics (United States), ECA Group (France), Bluefin Robotics Corporation (United States) and Geckosystems Intl. Corp. (United States) |
According to AMA, the market for Mobile Robotics is expected to register a CAGR of 15.5% during the forecast period to 2030. This growth is primarily driven by The sophistication of Artificial Intelligence Software and Converging Robotics Technology with Mobile Technologies.
Globally, a noticeable market trend is evident Adoption of Industrial Internet of Things (IIoT) Technology
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IRobot Corporation (United States), Amazon Robotics, Inc. (United States), Northrop Grumman Corporation (United States), KUKA AG (Germany), Honda Motor Co., Ltd. (Japan), Google Inc. (United States), Bossa Nova Robotics (United States), ECA Group (France), Bluefin Robotics Corporation (United States) and Geckosystems Intl. Corp. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Key Developments in the Market:
In March 2024, Segway introduced the Nova Carter mobile robot development platform. Designed with NVIDIA, the platform aims to accelerate the development of autonomous forklifts and guided vehicles.
In March 2024, Mobile Industrial Robots launched the MiR1200 Pallet Jack at LogiMAT. It uses 3D vision and AI to identify pallets for pickup and delivery with precision.
Influencing Trend:
Adoption of Industrial Internet of Things (IIoT) Technology and Collaborative Robots Will Continue to Grow in Popularity
Market Growth Drivers:
The sophistication of Artificial Intelligence Software and Converging Robotics Technology with Mobile Technologies
Challenges:
Lack of Awareness among Small Scale Industries
Restraints:
The High Cost of Investment
Opportunities:
Emerging Demand from Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Mobile Robotics Market
- Analysis about New Entrants in Mobile Robotics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Mobile Robotics Study Sheds Light on
The Mobile Robotics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Robotics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Robotics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.