What are the Major Strategies Adopted Companies in Mobile Robots Market? Major Players are Kuka AG, Honda Motor Co., Ltd., Northrop Grumman Corporation, iRobot Corporation, Lockheed Martin Corporation, Softbank Robotics

Mobile Robotics technology is a combination of machine tools and computer applications used for various activities that include designing, manufacturing, and others. Use of robotics technology allows consumers to automate processes, increase productivity, enhance quality, and reduce human errors. Mobile robots offer higher level of uptime over manual labor that leads to major productivity gains and profitability.

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.

Kuka AG, Honda Motor Co., Ltd., Northrop Grumman Corporation, iRobot Corporation, Lockheed Martin Corporation, Softbank Robotics, Amazon Robotics, Kongsberg Maritime, UBTECH Robotics, Inc., and Boston Dynamics, and others are the key market players that occupy a significant revenue share in the mobile robotics market.

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Factors such as increase in need for safety of human life and upsurge in demand for mobile logistics from online retailers majorly drive the growth of the global market. Despite such advantages, high initial acquisition cost and challenges of working in untested environments impede the market growth. In the near future, emergence of industry 4.0 into warehousing & logistics and surge in adoption of mobile robotics in the agriculture industry are expected to provide lucrative growth opportunities for the key players operating in the global mobile robotics market.

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.

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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.

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. For instance, SwissLog, a German company that designs, develops, and delivers automation solutions to the healthcare industry, provides products such as TransCar AGV, Relay Autonomous Service robots, and Robo courier, for heavy-object movement and patient care across hospital lobby or lab.

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Key Findings of the Mobile Robotics Market:

Based on product, the UAV segment held the highest mobile robotics market share in 2019. However, the UGV segment is anticipated to witness higher growth than UAV over the forecast period.

Based on component, the hardware segment dominated the global mobile robotics market in 2019.

Based on region, North America held the majority share in the mobile robotics market in 2019.
By industry vertical, the logistics & warehousing segment dominated the global mobile robotics market in 2019. However, the domestics segment is expected to grow at the highest CAGR during the forecast period.

Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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