Press release
Mobile Robotics Market Size is projected to Reach $130.9 Billion, Globally, by 2032 at 23.1% CAGR
Allied Market Research published a report, titled, "Mobile Robotics Market by Application (Logistics and Warehousing, Military and Defense, Healthcare, Domestic, Entertainment, Education, Agriculture and Forestry, and Others), Product (Unmanned Ground Vehicle (UGV), Unmanned Aerial Vehicle (UAV), and Autonomous Underwater Vehicle (AUV)), and Component (Hardware, Software, and Support and Service): Global Opportunity Analysis and Industry Forecast, 2023--2032." According to the report, the mobile robotics market was valued at $16.5 billion in 2022, and is projected to reach $130.9 billion by 2032, registering a CAGR of 23.1% from 2023 to 2032.Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/280
The significant impacting factors in the mobile robotics market include the increase in need for safety for human life, and upsurge in demand for mobile logistics by online retailers. However, high initial acquisition costs and challenges in working in untested environments are expected to hinder market growth. Conversely, emergence of industry 4.0 in warehousing and logistics, and surge in adoption of mobile robotics in agriculture are projected to offer remunerative opportunities to the mobile robotics market. Each of these factors are anticipated to have a definite impact on the market during the forecast period.
Segmentation Analysis:
The mobile robotics market is segmented into application, product and component. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.
The logistics and warehousing segment to maintain its leadership status during the forecast period.
By application, the logistics and warehousing segment held the highest market share in 2022, accounting for nearly one-fourth of the global mobile robotics market revenue and is estimated to maintain its leadership status during the forecast period, as rapid growth of e-commerce has increased the demand for efficient and automated logistics solutions. Mobile robots play a crucial role in streamlining warehouse operations, including order picking, packing, and sorting.
The unmanned aerial vehicle (UAV) segment to maintain its leadership status during the forecast period.
By product, the unmanned aerial vehicle (UAV) segment held the highest market share in 2022, accounting for more than half of the global mobile robotics market revenue and is estimated to maintain its leadership status during the forecast period. In addition, the autonomous underwater vehicle (AUV) segment is projected to attain the highest CAGR of 24.4% from 2023 to 2032, owing to an increase in underwater exploration for industries such as oil and gas, marine research, and environmental monitoring.
The hardware segment to maintain its leadership status during the forecast period.
By component, the hardware segment held the highest market share in 2022, accounting for more than three-fifth of the global mobile robotics industry revenue and is estimated to maintain its leadership status during the forecast period. In addition, the support and service segment are projected to attain the highest CAGR of 28.9% from 2023 to 2032.
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Asia-Pacific to maintain its dominance by 2032.
Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly half of the global mobile robotics market revenue. Asia-Pacific is expected to witness the fastest CAGR of 23.8% from 2023 to 2032, owing to continuous increase in need for automation, including the use of mobile robotics in manufacturing processes.
Leading Market Players: -
· Kuka AG.
· Honda Motor Co., Ltd.
· Northrop Grumman Corporation
· iRobot Corporation
· Lockheed Martin Corporation
· SoftBank Robotics Holdings
· Amazon Robotics
· Kongsberg Maritime AS
· UBTECH Robotics, Inc.
· Boston Dynamics
The report provides a detailed analysis of these key players of the global Mobile robotics market. These players have adopted different strategies such as partnership to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits For Stakeholders:
· This report provides a quantitative analysis of the mobile robotics market report, current trends, estimations, and dynamics of the mobile robotics market analysis from 2022 to 2032 to identify the prevailing mobile robotics market opportunity.
· Market research is offered along with information related to key drivers, restraints, and opportunities.
· Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
· In-depth analysis of the mobile robotics market segmentation assists to determine the prevailing mobile robotics growth projections.
· Major countries in each region are mapped according to their revenue contribution to the global mobile robotics market overview.
· Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
· The report includes the analysis of the regional as well as mobile robotics market trends, key players, market segments, application areas, and market growth strategies.
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The mobile robotics market report offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends. The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.
The mobile robotics market report encompasses driving factors of the market coupled with prime obstacles and restraining factors that hamper the market growth. The report helps existing manufacturers and entry-level companies devise strategies to battle challenges and leverage lucrative opportunities to gain a foothold in the global market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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