Exclusive Report on Global Mobile Robotics Industry: to grow at a whopping rate of CAGR 24.23%

The global Mobile Robotics market size was valued at $13.7 Billion in 2020 and is expected to reach $81.5 Billion by 2028 growing at the CAGR of 24.23% from 2021 to 2028.

Factors such as increasing need for safety for human life and the rise in demand of mobile robotics from online retailers are expected to drive the growth of the global market in the future. However, high initial acquisition cost and challenges faced by mobile robots while working in untested environments act as major barriers and hamper the global market’s growth. On the contrary, factors such as emergence of industry 4.0 into logistics & warehousing and surge in adoption of mobile robotics in the agricultural sector are expected to offer lucrative opportunities for the market globally.

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Key Players

Some of the major Mobile Robotics players holding high market share include Northrop Grumman, Honda Motor, and Softbank. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Northrop Grumman
● Honda Motor
● Softbank
● iRobot
● Ubtech Robotics Inc
● Lockheed Martin
● Kongsberg Maritime
● KUKA
● Bluefin Robotics
● Samsung Electronics

The recently published research report on Global Mobile Robotics Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Mobile Robotics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Mobile Robotics market report also includes the following data points:
● COVID19 Impact on Mobile Robotics market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Mobile Robotics market

Segmental Analysis

Market Segment By Operating Environment with focus on market share, consumption trend, and growth rate of Mobile Robotics Market:
o Aerial
o Ground
o Marine

Market Segment By Component with the focus on market share, consumption trend, and growth rate of Mobile Robotics Market:
o Hardware
o Software
o Services

Market Segment By Application with a focus on market share, consumption trend, and growth rate of Mobile Robotics Market:
o Domestic
o Logistic
o Military
o Others

For more information: https://evolvebi.com/product/mobile-robotics-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The demand for mobile robots is continuously increasing in the North American region, owing to the factors such as mounting internal and external security threats, owing to the increased terrorist activities, and growing usage of mobile robots for patrolling to spot intruders or enemy forces. The factors driving the growth of this market include the rise in warehouse automation, increasing adoption of automated material handling and trends, such as lights-out automation, and increasing adoption of these robots across numerous industries.

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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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This release was published on openPR.