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.

Figure: Global All-Terrain Robot Market Size, 2020-2026 (USD Million)

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What are All-terrain robots?

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.

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).

Market Dynamics

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

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.

Regional Trends

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 large number of product manufacturers further boosts the regional growth.

COVID-19 Impact on Global All Terrain Robot Market

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.

Critical Questions Answered in the Report

• What are the key trends in the global all-terrain robot market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global all-terrain robot market?
• What are the key strategies adopted by the major vendors to lead in the global all-terrain robot market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the All-terrian Robot Market aims to convert the most:

• All terrain robot manufacturers
• All terrain robot vendors
• AI companies
• Military companies
• Mining companies

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