The latest report on Mobile Robots Market by Infinium Global Research gives complete coverage of the mobile robots market by equipment type (aerial vehicles, unmanned surface vehicles, unmanned ground vehicles, autonomous underwater vehicles), application (medical & healthcare, logistics & warehousing, defense, domestic, field applications, entertainment) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of mobile robots such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increased Demand for Advanced Technologies and Virtual Assistants Like Companion Robots, Are Some Supporting Factors Responsible for The Growth Of The Industry
Mobile robots are movable robots that are designed to work and perform various actions according to their configuration. Mobile robots work through power electronics, sensors, processors, motors and artificial intelligence to travel around in the air, on the ground, underwater or space. Mobile robots are capable of navigating an uncontrolled location without the need for physical or electro-mechanical guidance devices. They have a wide range of industrial and technical applications due to superior reliability and accessibility.
The growing use of mobile robotics in surgical and medical uses, security, personal assistance, warehouse, and distribution applications, as well as ocean and space exploration, drives the growth of a mobile robot market. Moreover, increased demand for advanced technologies and virtual assistants like companion robots, are some supporting factors responsible for the growth of the market.
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High Adoption of Mobile Robotics for Home Security, And Education and Research Sector Drives the Growth of The Industry
Additionally, reduced shipping rates, improvement in sensors used for navigation, low-cost handling and rising need on military vehicles are the key factors in the growth of the mobile robot market. However, lack of awareness among small scale industries of developing technology, lack of skill sets to use them efficiently, high cost of such equipment and tools is expected to hamper the mobile robots market growth. However, with new technologies, management funds, availability of wide-ranging platforms and growing application areas in the future are expected to provide a major opportunity for the mobile robot market.
The global market for mobile robotics is likely to grow at a significant rate during the estimated period from 2019 to 2025. North American region is leading the global mobile robot market due to well-established robotics techniques and the placement of mobile robots for various industrial applications. North America experiences high adoption of mobile robotics for home security, along with medical, defense, marine, and education and the research sector drives the growth of the market.
Additionally, the presence of leading companies in this North American region aid the growth of the market. Furthermore, the Asia-Pacific region holds the second-largest market for mobile robots due to rising industrial development and manufacturing activities in this region. Countries such as China, Japan, and India are adopting mobile robots on a large scale for defense, education, healthcare, and personal assistant applications. Europe holds the third-largest market for mobile robots due to the adoption of mobile robots in the automotive and healthcare industries in the UK, Germany, and France.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of mobile robots.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.