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  • Mobile Robotics Market Growth Analysis | 2023-2028

    Mobile Robotics Market Growth Analysis | 2023-2028

    Mobile Robotics Market Growth Analysis | 2023-2028
    Report code - SR2447 Delivery - 2 Weeks
    Mobile Robotics Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis See more...

    Market Insights

    The mobile robotics market was estimated at USD 45.65 billion in 2022 and is likely to grow at a CAGR of 10.6% during 2023-2028 to reach USD 83.78 billion in 2028.

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    What is mobile robotics?

    Mobile robotics refers to the field of robotics that focuses on the development of robotic systems that are capable of moving and operating in a variety of environments. These robots can be autonomous, semi-autonomous, or remote-controlled, and are typically equipped with sensors, cameras, and other technologies that allow them to navigate through their environment, avoid obstacles, and interact with objects.

    Mobile robotics has a wide range of applications, including logistics and transportation, healthcare, manufacturing, and agriculture. In logistics and transportation, mobile robots are used for tasks such as automated warehousing, delivery, and inventory management. In healthcare, mobile robots are used for tasks such as patient monitoring and medication delivery.

    The benefits of mobile robotics include increased efficiency, productivity, and safety, as well as reduced labor costs and improved accuracy. As technology continues to advance, mobile robotics is expected to play an increasingly important role in a wide range of industries, helping to improve performance and streamline processes.

    Mobile Robotics Market Report Highlights

    Market Size in 2022

    USD 45.65 billion

    Market Size in 2028

    USD 83.78 billion

    Market Growth (2023-2028)

    10.6% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    The major players operating in the global market are:

    • Kuka
    • Softbank
    • Northrop Grumman
    • iRobot
    • Honda Motor
    • DJI
    • Lockheed Martin
    • Samsung Electronics
    • Kongsberg Maritime
    • Bluefin Robotics Corporation
    • Geckosystems
    • Parrot
    • DR
    • Amazon Robotics
    • LG
    • Mayfield Robotics
    • Promobot
    • Blue Frog Robotics
    • Lego
    • ECA Group

    Market Dynamics

    The use of robotic technology is becoming more prevalent in both commercial and industrial contexts. One notable example is in hospitals, where self-governing mobile robots are employed to transport supplies and monitor patient well-being. The military and defense industry also relies on specialized service robots to aid in combat situations, with mobile robotics providing soldiers with a strategic edge on the battlefield.

    Another type of professional service robot called a field robot, is used in this sector for a range of purposes, including carrying heavy equipment, working in perilous situations to safeguard troops, and rescuing injured soldiers in active combat zones.

    Due to the progress made in robotics technology and the increased adaptability of robotics systems, robots are now used in various applications within the healthcare industry. Medical facilities, clinics, pharmaceutical companies, and medical device manufacturers all make use of robots.

    One particular area of application is in the use of mobile robotics for tasks such as drug transportation, specimen delivery, pick and place, and patient care. SwissLog, a German company that specializes in creating automation solutions for the healthcare industry, offers several products, including TransCar AGV, Relay Autonomous Service robots, and Robo courier, which are designed for heavy-duty transport and patient care purposes.

    The mobile robotics market is projected to experience growth in the future, due to factors such as the increasing need for safety in human life and the growing demand for mobile robotics from online retailers. However, the market faces significant barriers, such as high initial acquisition costs and challenges encountered by mobile robots when operating in untested environments, which hinder the overall growth of the global mobile robotics industry.

    Conversely, the emergence of Industry 4.0 into logistics and warehousing, as well as the surge in the adoption of mobile robotics in the agricultural sector, are anticipated to provide attractive opportunities for the market on a global scale.

    The primary obstacle impeding the growth of the market worldwide is the difficulty of navigating unexplored environments. Mobile robots are engineered and programmed to carry out tasks and functions within a specified environment. Although mapping and navigation techniques are expected to continue improving in the future, logistics robots are unable to operate or cannot be programmed to operate in uncharted surroundings, which poses a hindrance to market growth.

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    Segment Analysis

    By Robot Type

    Professional robots to account for the largest share of market in 2022. The adoption of professional robots in medical applications, including laboratory automation and surgery assistance, is one of the primary drivers of the market. Moreover, warehouse automation is a recent trend observed in the industry, and AGVs (Automated Guided Vehicles) play a crucial role in the warehouse automation process. Furthermore, robots aid logistics companies in achieving a short- to medium-term payback period and provide a higher return on investment (RoI).

    By Application Type

    Domestic applications to contribute a significant share during the forecast period. The emergence of artificial intelligence (AI) and the Internet of Things (IoT) has opened up new avenues for robots to interact and collaborate with humans. Additionally, the progression and refinement of Micro-Electro-Mechanical Systems (MEMS) and sensors, along with advancements in visualization technology, have enhanced the efficiency and accuracy of mobile robots.

    The expansion of the market for domestic applications is driven by advancements and modernization in robotics. Technological breakthroughs and research endeavors have resulted in the creation of domestic cleaning robots, which are assisting humans in performing tedious tasks.

    By Component Type

    The mobile robotics market for control systems is to grow at the highest CAGR over the forecast period. The controller or control system is the primary device used in all types of robotic systems. Each robot requires a control system to operate its drive system, which is responsible for moving the robot's arm, wrist, and body. As a result, the control system is also known as the central processing unit (CPU), processor, or "brain" of the robot.

    Moreover, the integration of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) has necessitated the need for optimized control systems for robots. Therefore, the growth of the market for control systems can also be attributed to the development of autonomous robots and AI-integrated robots worldwide.

    Regional Insights

    The Asia Pacific mobile robotics market is expected to grow at a significant rate during the forecast period. The growth of the market in Asia Pacific is driven by the substantial advancement of the information technology ecosystem and the presence of a well-established and robust consumer base in China and neighboring countries.

    Additionally, the high penetration rate of e-commerce giants, such as Amazon, Walmart, and Alibaba, in the region has created a demand for Automated Guided Vehicles (AGVs) for warehouse automation. Furthermore, the increasing government exemptions for operating commercial drones in the region have contributed significantly to the growth of the market in Asia Pacific.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Operating Environment Type

    • Aerial
    • Ground
    • Marine

    By Component Type

    • Hardware
    • Software

    By Robots Type

    • Professional Robots
    • Personal and Domestic Robots

    By Application Type

    • Domestic
    • Entertainment
    • Education, and Personal
    • Military
    • Field
    • Medical
    • Public Relations and Inspection
    • Logistics
    • Human Exoskeleton
    • Construction
    • Demolition

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Research Methodology

    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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Mobile Robotics Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report 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 three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

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

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Recent Developments

    • In December 2022, OMRON, a factory automation solution provider, opened its 1st Automation Center exclusively catering the logistics industry in Singapore, South-East Asia, and Oceania.
    • In June 2022, Amazon launched its first fully autonomous mobile robot for moving large carts throughout its warehouses.
    • In October 2022, Epson Robots launched DC-powered six axis robot arm for mobile manipulation.
    • In November 2022, At the Piscine Global show in Eurexpo Lyon, Maytronics, a worldwide leader in robotic pool cleaners, unveiled its latest cordless Dolphin LIBERTY line of robotic pool cleaners along with other groundbreaking technologies.
    • In August 2022, Amazon and iRobot entered into a definitive merger agreement under which Amazon will acquire iRobot.

    Frequently Asked Questions (FAQs)

    Mobile robotics refers to the field of robotics that focuses on the development of robotic systems that are capable of moving and operating in a variety of environments. These robots can be autonomous, semi-autonomous, or remote-controlled, and are typically equipped with sensors, cameras, and other technologies that allow them to navigate through their environment, avoid obstacles, and interact with objects.

    The mobile robotics market was estimated at USD 45.65 billion in 2022.

    The mobile robotics market is likely to reach USD 83.78 billion in 2028.

    The mobile robotics market is expected to grow at a CAGR of 10.6% during 2023-2028.

    The major players operating in the global mobile robotics market are Kuka, Softbank, Northrop Grumman, iRobot, Honda Motor, DJI, Lockheed Martin, Samsung Electronics, Kongsberg Maritime, Bluefin Robotics Corporation, Geckosystems, Parrot, DR, Amazon Robotics, LG, Mayfield Robotics, Promobot, Blue Frog Robotics, Lego, ECA Group.

    The mobile robotics market is projected to experience growth in the future, due to factors such as the increasing need for safety in human life and the growing demand for mobile robotics from online retailers.

    The study period of the market is 2017-2028.