Press release
Mobile Robotics Market 2019-2026: Business Development Strategies by Kuka AG, Honda Motor, Northrop Grumman Corp, iRobot Corp, Lockheed Martin Corp, Softbank Robotics, Amazon Robotics, Kongsberg Maritime, UBTECH Robotics, and Boston Dynamics
Mobile Robotics Market
Upsurge in need for safety along with rise in demand of mobile logistics by online retailers drive the growth in the market. However, high cost of acquisition and challenges posed by untested environments hinder the market growth. On the other hand, rise in adoption in agricultural applications and emergence of Industry 4.0 in logistics and warehousing create new opportunities in the industry.
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Frontrunners of the industry
The major 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., and Boston Dynamics.
The research offers an extensive analysis of key players active in the global Mobile Robotics industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Key Benefits for Mobile Robotics Market:
o This study comprises analytical depiction of the global mobile robotics market size along with the current trends and future estimations to depict the imminent investment pockets.
o The overall mobile robotics market potential is determined to understand the profitable trends to gain a stronger foothold.
o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current market size is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the global mobile robotics market.
o The report includes the share of key vendors and trends.
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The global mobile robotics market is segmented based on product, component, application, and region.
On the basis of product, the market is categorized into unmanned ground vehicle (UGV), unmanned aerial vehicle (UAV), and autonomous underwater vehicle (AUV). By component, it is divided into hardware, software, and support & services. The applications covered in the study include logistics & warehouse, military & defense, healthcare, domestic, entertainment, education, agriculture & forestry, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
UAV segment to maintain its leadership status throughout the forecast period
The unmanned aerial vehicle (UAV) segment contributed nearly two-thirds of the total share in 2018, and is expected to maintain its leadership status throughout the forecast period. This is due to wide adoption in civil applications for real-time monitoring, wireless coverage, remote sensing, search & rescue, delivery of goods, security & surveillance, and others. However, the unmanned ground vehicle (UGV) segment would register the highest growth rate, with a CAGR of 25.5% from 2019 to 2026.
Hardware segment to maintain its dominant share by 2026
Based on component, the hardware segment held the major market share, with nearly three-fourths of the total share in 2018, and is expected to maintain its dominant share by 2026. This is attributed to surge in manufacturing robotics technology for different applications including logistics & warehousing, military & defense, and others. However, the support & services segment is expected to register the fastest CAGR of 26.9% from 2019 to 2026, owing to demand for services such as installation, robot upgradation, robots servicing, and automated systems for mobile robots.
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North America to continue its dominance in terms of revenue during the forecast period
North America contributed the largest market share in 2018, accounting for more than two-fifths of the total market share, and is expected to continue its dominance during the forecast period. This is due to rise in automation applications across various industry verticals including e-commerce, food & beverage, pharmaceuticals, automotive, and others.
Asia-Pacific is expected to grow at the highest growth rate with a CAGR of 25.3% from 2019 to 2026, owing to the region being a prime center for rise in manufacturing activities, which in turn, drives the mobile robotics market for commercial applications.
Effect of Covid-19 on Mobile Robotics Market
The utility-claimed portion is basically being driven by expanding money related motivators and administrative backings from the legislatures universally. The present utility-possessed Mobile Robotics Market are influenced principally by the COVID-19 pandemic. The greater part of the ventures in China, the US, Germany, and South Korea are postponed, and the organizations are confronting momentary operational issues because of gracefully chain requirements and absence of site access because of the COVID-19 episode. Asia-Pacific is foreseen to get profoundly influenced by the spread of the COVID-19 because of the impact of the pandemic in China, Japan, and India. China is the epic focus of this deadly illness.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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