Rising investment in defense boosts the mobile robotics market

Technology - Mohit Shah - May 12,2017

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rising investment in defense boosts the mobile robotics market

With the rise in the demand for unmanned ground vehicles, a substantial rise at a CAGR of 15.60% between 2017 and 2025, is expected in the mobile robotics market.

The escalating need for industrial mobile robots for improving workplace efficiency is indeed driving the global market for mobile robotics. These mobile robots possess the ability to move inside the factories without modifying the factory layout; moreover, they can also re-plan their routes independently to avoid obstacles.

According to a precise market report offered by Transparency Market Research (TMR), the total opportunity in the worldwide mobile robotics market was US$8.58 bn in 2016. It is expected that the market would substantial rise at a CAGR of 15.60% during 2017 and 2025, hence gaining a value of US$30.96 bn by the end of 2025.

The prominent increase in labor costs, aging workforce, as well as the rising demand for productivity are driving the growth of the mobile robotics market on the global canvas with remarkably rates.  

Presently, the popular varieties of mobile robotics include unmanned ground vehicles, unmanned surface vehicles, unmanned aerial vehicles, and autonomous underwater vehicles. The increasing adoption of unmanned surface & aerial vehicles in defense is also assisting the market growth.

The acceptance of mobile robotics is active in regions such as Latin America, Europe, North America, Asia Pacific, the Middle East and Africa. Out of these, Asia Pacific enjoys a major share of 32.20%, as per the data recorded in 2016. One striking factor is linked to the North American region, which highlights market growth in the coming years. The surging demand for domestic robots, such as lawn mowing robots, vacuum and floor cleaning robots and entertainment and leisure robots is surely going to play a crucial role.

The top players who have established themselves in this market include iRobot Corp., Barrett Technology, FANUC Corp., Swisslog, John Deere, Honda Motor Co. Ltd., KUKA AG, Boeing Co., Seegrid Corp., Northrop Grumman Corp., Google Inc., Lowe’s Co. Inc and Amazon.  

 

For more information on this report visit - http://www.transparencymarketresearch.com/mobile-robotics-market-2017-2025.html