Mobile Robotics Market - Asia Pacific to Continue Leading Global Growth

Posted by RASHMI on April 5th, 2019

With the escalating need for industrial mobile robots to enhance workplace efficiency, the global market for mobile robotics is registering a significant progress in its size and valuation. These mobile robots have the ability to move inside the factories without modifying the factory layout and they can also re-plan their routes autonomously to avoid obstacles, which make them highly effective in the factory setup. Owing to these factors, companies are prompted to deploy mobile robots in their plants, which is reflecting greatly on the sales of mobile robotics. 

Over the coming years, the significant increase in labor costs, aging workforce, and the rising demand for productivity are expected to drive the growth of the global market for mobile robotics remarkably. However, the high initial investment may limit the uptake of these robots, which may impact the overall market negatively in the near future.

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Geographically, the worldwide market for mobile robotics is categorized into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. With a share of 32.20%, Asia Pacific dominated the global market in 2016. Thanks to the increasing investment in defense and logistics sectors, the adoption of mobile robots is likely to augment remarkably in Asia Pacific, influencing the overall market in the near future.