All Terrain Robot Market Report
Global All-Terrain Robot Market, Trends, Market Analysis See less
Global All-Terrain Robot Market, Trends, Market Analysis
The global All-Terrain Robot Market is segmented By Type (Wheeled, Tracked, Legged, Hybrid), Application (Military& Defense, Mining & Construction, Agriculture, Others) and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global all terrain robot market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
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.
Figure: Global All-Terrain Robot Market Size, 2020-2026 (USD Million)
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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.
The Key players operating in the global all-terrain robot market are –
Increasing traction of precision agriculture is likely to create immense opportunities for the industry players.
By application, the all-terrain robot market has been categorized into military& defense, mining & construction, agriculture, 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.
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.
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 sector witnessed a substantial blow with delayed military exercises and shutdown of military weaponry production, thus affecting the demand for all-terrain robots. Moreover, the mining activities were partially or completely shut down in most of the countries due to stringent lockdown norms, further impacting the market growth.
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The following is a list of the customers that the All-terrian Robot Market aims to convert the most:
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The all-terrain robot market is expected to witness an impressive growth of 14.3% CAGR in the foreseeable future.
The all-terrain robot market size is expected to reach USD 850.2 million in the coming years.
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) are among the key players in the all-terrain robots market.
North America garnered the highest share of all-terrain robot market in 2020.
The military & defense segment witnessed the largest share of all-terrain robot market in 2020.
Surging demand for these robots from the military & defense sector is the key driver of all-terrain robot market.
All terrain robot manufacturers, All terrain robot vendors, AI companies, Military companies, Mining companies are the target audience in the all-terrain robot market.