All Terrain Robot Market Report

Market Insights

"The global all-terrain robot market is estimated to grow from USD 380.5 million in 2020 to USD 850.2 million by 2026 at a healthy CAGR of 14.3% during the forecast period."

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All-terrain robots are a series of robots that are intended for use with scholarly study, surveillance, and most practical robotic applications to drive over any type of terrain. It can work on both outdoor and indoor surfaces. All-terrain robots powered by Artificial Intelligence (AI) can conduct remote processes, be portable across dangerous terrain, transmit border patrolling, and perform monitoring tasks. Over the years, the capabilities of robots have been expanding substantially.

Increasing traction of precision agriculture is likely to create immense opportunities for the industry players.

• All-terrain robots are witnessing continuous development to cater to the needs of advanced technology, especially in the military sector, from patrolling to dealing with potential explosives.
• Surging demand for these robots from the military & defense sector is a key driver.
• A significant development in the machine vision system is another factor augmenting the product demand.
• However, all-terrain robots are unable to adapt to different terrain circumstances which are likely to hinder the market growth.

Segment Analysis

Application Trends

"The military & defense segment accounted for the largest market share."

By application, the all-terrain robot market has been categorized into military& defense, mining & construction, agriculture, and others. The military & defense segment witnessed the largest share in 2020 owing to their increasing adoption in military applications for monitoring of coastal waters for adversaries, air strikes on evasive targets, execution of search & rescue operations, supply of emergency services, reconnaissance missions, and performing several other tasks.

Regional Insights

"North America accounted for the largest market share."

On the basis of region, North America garnered the highest market share in 2020 and is likely to grow at a healthy CAGR during the forecast period.

• This is mainly attributed to the high claim of all-terrain robots in military & defense and mining applications.
• The U.S. has one of the strongest military forces across the globe and has mounting internal and external security threats.
• Moreover, the presence of a large number of product manufacturers further boosts regional growth.

The military & defense and mining industries are two of the most common end-use segments for all-terrain robots. As the pandemic hit, the military & defense sectors witnessed a substantial blow with delayed military exercises and the shutdown of military weaponry production, thus affecting the demand for all-terrain robots. Moreover, mining activities were partially or completely shut down in most of the countries due to stringent lockdown norms, further impacting market growth.

Key Players

The Key players operating in the global all-terrain robot market are –

• Boston Dynamics (The U.S),
• Dr Robot Inc. (Canada),
• ENDEAVOR ROBOTICS, INC. (The U.S),
• Evatech, Inc. (The U.S),
• Inspector Bots (The U.S),
• NIDES Ltd. (The U.S),
• Roboteam (The U.S),
• Stanley Innovation (The U.S),
• SuperDroid Robots, Inc. (The U.S),
• Telerob (Germany).

Note: The above list does not necessarily include all the top players of the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

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Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s all-terrain robot market? realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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