Mobile Robotics Market Overview:
Mobile robotics market size is expected to reach USD 242.3 Billion by 2030, from the value of USD 35.4 Billion in 2021, and register a CAGR of 23.8% during the forecast period (2022-2030).
Mobile robotics or autonomous mobile robotics (AMR) is a technology that uses sensors and guidance devices to recognize surroundings and travel around their environment working without any intervention from humans. They have predetermined tasks and are designed specifically in an orientation. Artificial intelligence (AI) and physical robotic elements like tracks and legs are used in combination with this technology. They are used to help with work development and accomplishing tasks that are impossible or dangerous for human workers. In addition, they are used in the medical industry to minimize the workload for humans in moving materials and tracking patients.
The growing advancements in robotics technology along with increasing adoption of robotics in sectors like healthcare, military, manufacturing, and many more is expected to support the expansion of the industry size during the forecast period During the COVID-19 pandemic, for instance, hospitals and clinics are using robots for a much wider range of tasks to help reduce pathogen exposure. Additionally, robotics and automation are also used in research laboratories to automate manual, time-consuming, and high-volume tasks. This allows scientists and technicians to concentrate on more strategic tasks and speed up product discovery. In the context of region, the Asia-Pacific region contributes to almost half of the world’s entire mobile robotics market. This is attributed to the early adoption of advanced technologies by the countries like China, Japan, and South Korea.
Market Dynamics:
Driver:
Mobile robots used in the healthcare industry for different work such as patient care, drug transportation, specimen delivery, and many others are serving as the drivers for the market. The increase in demand for these technologies in several e-commerce organizations to fulfill the customer’s need, searching for products/ goods and many more activities is also boosting the mobile robotics market globally. Additionally, the rise in demand for cleanliness and hygiene after the COVID-19 pandemic has boosted the demand for mobile robotics as they are used for cleaning and disinfection functions.
Restraint:
The market for mobile robotics is hampered due to the high costs of such equipment and resources, a lack of expertise among smaller emerging technology companies, and a lack of technical knowledge. Additionally, navigating the unmapped environment of robotics is the primary obstacle to the global expansion of the mobile robotics market.
COVID-19 Impact:
The mobile robotics industry has been majorly impacted during the COVID-19 pandemic outbreak around multiple regions of the world. The reduced expenditure on business expansions due to the closure of manufacturing facilities and shutdowns of the printing presses, coupled with the disrupted sourcing of raw materials led to the economic slowdown during the initial phases of COVID-19. Furthermore, restrictions on the logistics and shipments due to strict governmental protocols for reducing the disease spread impacted declined market growth. However, since the stabilized situation post-COVID-19, the market has observed a positive outlook in terms of increased consumer awareness about social distance. Thus, increasing automation and connected solutions that help in maintaining day-to-day tasks are most likely to receive additional expenditures in the near future.
Mobile Robotics Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 242.3 Billion |
| CAGR (2022-2030) | 23.8% |
| By Product | Autonomous Ground Vehicle (AGV), Unmanned Ariel Vehicle (AAV), and Autonomous Underwater Vehicle (AUV) |
| By Component | Hardware, Software, and Support & service |
| By End-user | Logistics & warehousing, Healthcare, Domestic, Entertainment, Education, Military & Defense, Agriculture & Forestry, and others |
| By Region | North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
| Key Players | Boston Dynamics, Bleum, KUKA AG, IAM Robotics IROBOT Corporation, AGG, AMAZON Robotics, Grey orange, Teradyne Inc. |
Market Segmentation:
By Product
The product segment is bifurcated into Autonomous Ground Vehicles (AGV), Unmanned Ariel Vehicles (UAV), and Autonomous Underwater Vehicles (AUV). The Autonomous Ground Vehicle (UGV) is anticipated to contribute the largest revenue share to the market growth. The adoption of robots for personal uses such as entertainment and companionship is estimated to support the growth of the autonomous ground vehicle (UGV), segment. Additionally, the growing demand for robots in several applications in warehouse automation is also expected to boost the market growth. Furthermore, due to increased concerns about warehouse fleet management and increased goods movement in distribution centers and warehouses, the unmanned aerial vehicle (UAV) segment is also anticipated to experience significant growth over the forecast period.
By Component
The component segment is separated into Hardware, Software, and Support & service. The hardware segment is expected to account for the augmented mobile robotics market growth in terms of the largest revenue share contribution. The components such as wheels, encoders, controllers, motors, brakes, sensors, batteries, and power systems all account for the hardware segment. For instance, U.S. based corporation unveiled the Robotics RB6 Platform. This high-end hardware kit can act as the brains for delivery robots, commercial drones, and autonomous robots. Moreover, the software segment is also anticipated to witness substantial CAGR growth during the forecast period. The applications used to create AMRs are included under the software segment. Software for autonomous mobile robots includes scanning and visual processing software, control software, navigation, software, safety software, motion planning software, fleet management software, and payload software.
By End-user
The end user segment is categorized into logistics & warehousing, healthcare, domestic, entertainment, education, military & defense, agriculture & forestry, and others. . By 2022, warehouse productivity is expected to rise by 27% and autonomous mobile robots will handle up to 50.2% of all e-commerce orders by 2025. By 2028, the average time taken to complete an order will be reduced from 4 hours to 30 minutes. These figures demonstrate that automation is expanding at an exponential rate rather than slowing down. Also, the healthcare segment is estimated to support the growth of the mobile robotics market statistics during the forecast period. Robots have been working behind the scenes at healthcare facilities for nearly 20 years, taking over essential tasks like handling materials (food, laundry, mail, etc.), according to Robotics Business Review. In addition, with recent advancements and innovation, the use of mobile robotics in the medical sector has evolved and created a list of ways to provide better facilities with low costs.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Europe is observed to hold the dominant share of the market during the forecast period. The factors such as growing demand for material handling equipment in the manufacturing industries. Also, the large presence of market players that are focusing on the expansion of their distribution channels for their sales, services, deployment, and support is expected to boost the industry size in the European region.
Asia Pacific is also anticipated to contribute the largest share to the industry growth during the forecast period. The presence of developing countries like China, Japan, and South Korea are interested in integrating high-edge technologies like AI-based route mapping and 5G networking generating the potential influence on market growth.
Mobile Robotics Market Competitive Landscape:
The competitive landscape of the industry comprises the detailed profiling o major players functioning in the market and has been analyzed specifically in the report to emphasize the lucrative opportunities for market growth. Further, the analysis of Research and Development (R&D) expenditures, adoption of multiple business strategies, and growing innovations in the field of robotics have been examined to understand the growth of the sample preparation market. The key players operating in the market include-
- Boston Dynamics
- Bleum
- KUKA AG
- IAM Robotics
- IROBOT Corporation
- ABB
- AMAZON Robotics
- Grey orange
- Teradyne Inc.
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