Mobile Robotics Market Growing Rapidly with a CAGR of 21.5%, Powered by High Demand from Healthcare Sector

Robotics technology is a combination of hardware equipment and software used for various activities that include designing, manufacturing, and other activities involved in various industries. It allows users to automate processes, increase productivity, enhance quality, and reduce human errors.

Mobile robotics offer higher level of uptime over manual labor that leads to major productivity gains and profitability. For instance, an autonomous mobile robot can adapt to the changes in surroundings, and its application is expected to increase the efficiency in delivering the services effectively with upmost precision and without any error.

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According to a recent report published by Allied Market Research, titled, "Mobile Robotics Market by Product, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2026," the global mobile robotics market was valued at $9,340 million in 2018, and is projected to reach $39,585 million by 2026, growing at a CAGR of 21.5% from 2019 to 2026.

With advancements in robotics technology and increased flexibility in the use of robotics, robots cover a wide range of applications in the healthcare industry. Robots are used in hospitals, clinics, pharmaceutical companies, and by medical device manufacturers. The application of mobile robotics in the healthcare industry includes drugs transportation, specimen delivery, pick & place, and patient care.

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At present, North America dominates the mobile robotics market owing to technological advancements. The development of the e-commerce, automotive, food & beverage, and pharmaceutical industries majorly drives the growth of the mobile robotics industry in North America. The key factors responsible for the growth in these industries include increase in competitiveness among the players in these industry verticals and high cost of labor in North America. To control labor costs, robots help companies automate the ordinary and repetitive parts of their processes, allowing skilled workers to engage on more important tasks.

Europe has sponsored various programs that are largely involved in mobile robotic technology specifically designed for military use. For instance, increase in programs such as climbing and walking robots (CLAWAR) and navigation of autonomous robots via active environmental perception (NARVAL) fuel the market. However, in Asia-Pacific, China currently dominates the market. China has progressively competed with the U.S. in technological innovations in mobile robotics.

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Top 10 companies profiled in the mobile robotics market report include

Kuka AG
Honda Motor Co., Ltd.
Northrop Grumman Corporation
iRobot Corporation
Lockheed Martin Corporation
Softbank Robotics
Amazon Robotics
Kongsberg Maritime
UBTECH Robotics, Inc
Boston Dynamics.

COMPANY PROFILE

8.1. AMAZON ROBOTICS (AMAZON.COM)

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments

8.2. BOSTON DYNAMICS (SOFTBANK GROUP CORP.)

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments

8.3. HONDA MOTOR CO., LTD.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments

8.4. IROBOT CORPORATION

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.4.4. Business performance
8.4.5. Key strategic moves and developments

8.5. KUKA AG

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments

8.6. KONGSBERG MARITIME

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments

8.7. LOCKHEED MARTIN CORPORATION

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments

8.8. NORTHROP GRUMMAN CORPORATION

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance

8.9. SOFTBANK ROBOTICS

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments

8.10. UBTECH ROBOTICS, INC.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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