Mobile Robots Market Worth $54.2 Billion by 2027 At A Growth Rate of 20.0% – IndustryARC

mobile robot market

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One of the key developments positively impacting the global mobile robot market is the introduction of mobile robots in the agricultural sector.

HYDERABAD, TELANGANA, INDIA, Sept. 22, 2022 / — IndustryARC, in its latest report, forecasts that the mobile robot market is expected to reach US$54.2 billion by 2026 and at a CAGR of 20.0% will grow. Autonomous mobile robots are an integration of artificial intelligence with physical robots and have a locomotive function that ensures they are able to move physically. They are powered by fleet management software and use sensors and other devices to identify and understand their surroundings. The global mobile robot market is driven by the need for low latency, fast data processing and reduced reliance on cloud-based AI for critical applications, particularly in autonomous ground vehicles. The report offers a complete analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

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The central theses:

1. Global demand for mobile robots is driven by the need for low latency, fast processing power, and reduced reliance on cloud-based AI for critical applications.

2. Unmanned vehicles are widely used in the defense sector to resupply troops in wartime conditions with ammunition, conduct emergency relief operations, and detect and detonate explosives.

3. The growth of the mobile robot market for household applications is motivated by creativity and modernization in the field of robotics. Technological advances and research efforts have led to the development of robotic household cleaners that enable people to complete everyday tasks.

4. North America is expected to dominate the global autonomous mobile robot market during the forecast period.

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Segment Analysis:

1. The autonomous ground vehicle segment is expected to grow at a higher CAGR of 24.1% during the forecast period. Unmanned vehicles are mainly used in the defense sector to supply troops with ammunition in combat situations, to carry out relief operations in the event of disasters, and to detect and detonate explosives.

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2. The domestic segment is expected to grow at a higher CAGR of 23.5% during the forecast period. The advancement of artificial intelligence and the IoT has brought a new dimension to the communication and functioning of robots with humans.

3. The demand for mobile robots is increasingly growing in the region due to factors such as increasing internal and external security risks related to increasing terrorist attacks and the increasing use of mobile robots to patrol intruders or enemy forces.

Competitive landscape:

The top 5 mobile robot industry are:

1. Aethon

2. Aviation Industry Corporation of China

3. Clearpath Robotics

4. General Atomics Aeronautical Systems

5. Softbank Robotics

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Related reports:

A. Mobile logistics robot market

B. Market for mobile service robots

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