Mobile Robots Market is expected to grow at a CAGR of 30.1% during the forecasted period | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Mobile Robots Market size accounted for USD 25.1 Billion in 2023, growing at a CAGR of 30.1% from 2023 to 2033. Mobile robots are autonomous or semi-autonomous robots that are designed to move and perform tasks in various environments without direct human intervention. These robots are equipped with sensors, cameras, and other technologies to navigate and interact with their surroundings. Mobile robots have a wide range of applications across industries, including manufacturing, healthcare, logistics, agriculture, and more.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021924

The desire to automate repetitive and time-consuming tasks in industries such as manufacturing and logistics is a significant driver. Mobile robots can enhance efficiency by handling routine tasks, leading to increased productivity and cost savings. Ongoing advancements in sensor technologies, artificial intelligence, machine learning, and robotics play a crucial role in the development of more sophisticated and capable mobile robots. Improved capabilities enable robots to handle a broader range of tasks and operate in diverse environments. The growth of e-commerce has increased the demand for automation in warehouses and distribution centers. Mobile robots are used for tasks such as picking and packing, inventory management, and transportation within these facilities, contributing to faster order fulfillment. In the healthcare industry, mobile robots are used for tasks like delivering medical supplies, transporting patient samples, and assisting with routine tasks in hospitals. The COVID-19 pandemic has also accelerated the adoption of robots for disinfection purposes.

Key Players
Some of the major Mobile robot market players holding high market shares include Kuka AG, Honda Motor Co., Ltd., and Northrop Grumman Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include iRobot Corporation, Lockheed Martin Corporation, Softbank Robotics, Amazon Robotics, Kongsberg Maritime, UBTECH Robotics, Inc., and Boston Dynamics.

For More Information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021924

Segmental Analysis
Based on product, the Mobile Robots market is segmented into UGV, UAV, and AUV. The UGV (Unmanned Ground Vehicle) segment is expected to be the largest due to its wide range of applications in logistics, manufacturing, and agriculture. Their ability to navigate diverse terrains and perform tasks like material handling and delivery makes them highly versatile.

Based on Application, the Mobile robot market is a Logistics and warehousing, Military and defense, Healthcare, Domestics, Entertainment, Education, Agriculture and forestry, and Others. Logistics & Warehousing segment is expected to be the largest due to the increasing demand for automation in warehouses and distribution centers. Mobile robots can handle tasks like picking, packing, and transporting goods, improving efficiency and reducing labor costs.

Based on components, the Mobile Robots market is segmented into Hardware, Software, and Support & Services. Hardware segment is expected to be the largest due to the high initial cost of mobile robots associated with their sensors, actuators, and computing systems. Continuous advancements in hardware technology are also driving market growth.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging 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.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.