Technavio expects global mobile robotics market to cross $9 billion by 2020

Renewable energy

 

This market research report presents a detailed segmentation of the global mobile robotics market by types (UGV, UAV, and UMV), by end users (industrial, agriculture, mining, forestry, aerospace and defense, warehouse, medical and healthcare, and geological research and oceanography), and by geography (Americas, APAC, and EMEA). The leading vendors in the market are Boeing, Israel Aerospace Industries, Lockheed Martin, Northrop Grumman, Oceaneering, OMRON Adept Technologies, and SAAB.

Technavio’s market research analysts estimate the global mobile robotics market to grow at a CAGR of around 12% between 2016 and 2020. Mobile robots have become one of the fastest growing segments within the robotics industry, owing to their design and functionalities. The most common applications of mobile robots in various industry segments include inspection and surveillance, industrial cleaning, picking and dropping of goods or products from one area to other, and defense. APAC is the leading region in the mobile robotics market due to the increasing awareness and integration of robotics technology across APAC countries and rising investments in the manufacturing and defense sectors

The new market research report from Technavio provides a breakdown and analysis of the mobile robotics segments by technology.

“Growing preference for online shopping has initiated the need for improving product delivery system. This has encouraged the online retail and e-commerce companies to explore new and innovative ways of delivering products in the fastest possible way. Therefore, companies have started investing in UAVs for delivering products to customers. For instance, Amazon and Walmart have authorized license from FAA to test drone delivery system. As a result, both the companies are testing the feasibility of drone delivery system for commercial purpose, which is expected to aid in the growth of this market in the near future,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research

The unmanned ground vehicle (UGV) segment dominates the market, accounting for nearly 50% of the total market share. The UGV market is driven by the augmented demand from the defense, industrial and healthcare sectors, warehouses, logistics, and oil and gas industries. Therefore, the growing trend of automating applications and activities within the end-user sectors will bolster the growth prospects of this segment by the end of 2020.

The leading vendors in the global mobile robotics market are Boeing, Israel Aerospace Industries, Lockheed Martin, Northrop Grumman, Oceaneering, OMRON Adept Technologies, and SAAB. The market is characterized by the presence of well-diversified international vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.

A more detailed analysis is available in the Technavio report, Global Mobile Robotics Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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·  Global Military Robots Market 2016-2020

·  Global Professional Service Robotics Market 2015-2019