Press release
Mobile Robotics Market: Large Untapped Market, a Key Growth Opportunity Global Scenario
The global mobile robotics market is predicted to rise at a 12.60% CAGR between 2013 and 2019. This market is poised to touch US$14,202.2 mn by 2019. In terms of travelling environment, the segment of unmanned ground vehicles (UGVs) held the top share of 45.5% in the market in 2012. This is due to the rising demand for agricultural robots in applications such as food production, milking, and farming. However, the segment of unmanned aerial vehicles is predicted to experience the most substantial development in the market owing to the rising utilization of drones in civil and defense applications.
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Defense and Military Segment to Grow at a Whopping 12.60% CAGR from 2013 to 2019
On the basis of application, the segment of defense and military held the most significant share in the market in 2012, though the domestic application segment was the most lucrative segment. The defense and military segment is poised to rise exponentially at a 12.60% CAGR from 2013 to 2019. This is due to the high demand for UAVs in numerous missions such as regional law enforcement, weather determination, surveying, mapping, border surveillance, and military attacks. The defense and military segment was trailed by the segment of warehousing and logistics in the same year.
Geographically, Asia Pacific led the market in 2012 and constituted a share of 34.2%. This is due to the increased implementation of mobile robots in field and domestic applications. This region will witness the most exponential growth and will reach 35.8% by 2019. The North America mobile robotics market trailed and held the second position in the market in the same year. The reasons for the superiority of this region is the utilization of AGVs and UAVs in defense application.
Browse The Report: http://www.transparencymarketresearch.com/mobile-robotics-market.html
Rising Government Grants and Funds Globally to Augment Market Growth
The global mobile robotics market is fuelled by the rising integration of mobile robots with smart appliances, products, and mobile technologies, states a TMR analyst. In addition, the rising funds and grants given by governments globally will support the development of this market. Furthermore, the growing venture capital investments within service robotics companies will bode well with the growth of the market. This is because of the skyrocketing demand for drones, pushing venture capital investors to invest in drone-related startups.
The large untapped market is a key opportunity in this market. “However, factors such as dearth of experts in research and development of mobile robotics may emerge as a roadblock in the development of the global mobile robotics market,” says a TMR analyst.
This information is based on the findings of a report published by Transparency Market Research titled, “Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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