London, 17 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Mobile Robotics Market 2015-2019, which is expected to grow at a CAGR of 12.63 percent during the forecast period of 2014-2019.
There has been a quick escalation in the demand for mobile robots because of their adoption in technical and industrial applications. Several end-user industries are utilizing the services of mobile robots because of their reliability, accessibility, and low cost. These robots are commonly used for surveillance, inspection, and transportation. Mobile robots are most effective in repetitive tasks, which help workers to focus more on high-value tasks improving operational efficiency.
“The rapid industrialization of emerging economies such as China, India, Brazil, and South Korea has led to increased demand for mobile robots,” says Faisal Ghaus, Vice President of TechNavio.
“To increase production and give stiff competition to foreign players, companies across industries such as Automotive, Food and Beverages, Healthcare, and Logistics are adopting mobile robots.”
Key Market Drivers
- Increased Demand from Aging Population
- Increased Use of Mobile Robots in Emerging Countries
- Demand for Superior-quality Products at Reduced Prices
Key Market Trends
- Increased Focus on R&D
- Increased Demand from APAC Region
- Increase in M&A
Key Market Vendors
- Adept Technology Inc.
- GeckoSystems Intl. Corp.
- Honda Motor Co. Ltd.
- iRobot Corp.
- KUKA Aktiengesellschaft
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
