Mobile Robotics Market Size, Growth and Demand 2020 to 2030

Posted by Vedika on December 9th, 2020

The Global Mobile Robotics Market size valued at USD 10.85 billion in 2019 is predicted to reach USD 72.51 billion by 2030, witnessing a CAGR of 18.8% from 2020-2030.

Mobile Robots are capable of locomotion in any environment, without any assistance required from human. Mobile robots can travel in air, under-water, land, as well as in the space; utilizing various software, sensors, hardware, power electronics and AI to control the functions. Mobile robotics hold wide applications in military & defense, healthcare, domestic, Logistics, warehousing, entertainment, education, agriculture & forestry, as well as in other industrial verticals.

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Top Companies: Boston Dynamics, Amazon Robotics, Honda Motor Co. Ltd, iRobot Corporation, Kuka AGLockheed Martin Corporation, Softbank Robotics, Ubtech Robotics Inc., Kongsberg Maritime and others.

The global mobile robotics market is proliferating due to increasing adoption of mobile robots in various industrial, commercial, domestic, as well as military & defense sector. In addition to this factors such as, surging demand for mobile logistics in warehousing, agriculture, pharmaceuticals, and retail businesses; further supplements the growth of global mobile robotics market in near future. Furthermore, growing demand of mobile robots in the military & defense sector for safety, the utilization of professional service robots deployed to serve various purpose in the battle-filed is gaining momentum, thereby propagating the growth of the global mobile robotics market.

The global mobile robotics market has been analyzed based on product, component, application, and geography. Based on product, the mobile robotics market is segmented into ablation AUV, UGV and UAV. Based on component, the mobile robotics market is fragmented into hardware, support & service, and software. The hardware segment is further sub segmented into sensors, actuators, power supply, and control system. Based on application, the mobile robotics market is bifurcated into entertainment, education, Logistics & warehousing, military & defense, healthcare, domestic, agriculture & forestry, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

North America region is expected to maintain its dominance in the global mobile robotics market throughout the forecast period, accounting for the highest market share. This is due to higher adoption of robotics technology, presence of technologically advanced robotics system, and major market players in this region. Asia Pacific region is expected to hold the second-largest market share in the global mobile robotics market, owing to rapid industrialization, and untapped opportunities offered by the emerging economies present in this region.

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Joined: November 28th, 2020
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