The Global Mobile Robotics Market size valued at USD 12.63 billion in 2020 is predicted to reach USD 72.50 billion by 2030, witnessing a CAGR of 21.4% from 2021-2030.
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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The mobile robotics market, which is highly competitive, consists of various market players. Some of the major market players include Boston Dynamics, Amazon Robotics, Honda Motor Co. Ltd, iRobot Corporation, Kuka AGLockheed Martin Corporation, Softbank Robotics, Ubtech Robotics Inc., Kongsberg Maritime, and Northrop Grumman Corporation among others.
Furthermore, in May 2020, the makers of Disney’s BB-8-toy and the very well-known player of mobile robotics market, SPHERO, announced the startup of its new robotics firm named ‘Company Six’ (CO6), with an aim to serve the Public Safety Division and cater the robotic needs of law enforcement, military & defense sector and the first responders. According to an image released by SPHERO, the new product seems to be an all-terrain programmable RVR meant to scout-out unknown and remote territories in the combat field or in police encounters. SPHERO aims at reaching out more people by building a powerful technology at a reasonable price.
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Market Segmentations and Scope of the Study:
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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