Mobile Robotics Market

Global Mobile Robotics Market Size (2024 to 2029)

The global mobile robotics market was calculated at USD 28.92 billion in 2023. The global market is expected to grow at a CAGR of 23.71% from 2024 to 2029 and be worth USD 103.66 billion by 2029 from USD 35.78 billion in 2024.

Mobile robots are systems that can move in a physical environment. They use artificial intelligence, processors, sensors, motors, and power electronics to move on the ground, in space, underwater, and in the air. Mobile robotics are capable of navigating without additional guidance. They provide uninterrupted execution of monotonous tasks, such as monitoring and inspection sites inaccessible to humans, such as locations with hazardous environments. The adoption of mobile robotics is found in various industries like defense and military, logistics, household, space exploration, automotive, and so on, driving this market growth.

MARKET DRIVERS

The growing demand for automation is driving the global mobile robotics market growth.

Strong demand for automation has been observed worldwide in almost all industries. Companies automate their manufacturing and operating processes to reduce costs, save time, and offer better-quality products. In many parts of Europe and North America, low-cost, fast delivery is trending due to the rise of online retail. This has been a positive development for customers who have improved access to electronic commerce. For example, large Chinese online retailers are making great efforts to build an intelligent logistics system by deploying robots in warehouses to enhance work efficiency.

The growth of industrial production networks requires smarter solutions in logistics, which is contributing to the growth of the mobile robotics market.

 The emergence of Industry 4.0 in logistics and warehousing is increasing due to the increasing automation of the devices used and their operation. For example, according to an online portal, PICK-PLACE, by 2018, 45% of the world's top 200 trading companies have implemented a robotic system in their order processing, warehousing, and delivery operations. For example, crop management is the most widely used application in agricultural robots. It plays an essential role in understanding the variability of fields and helps farmers maximize their yields. Additionally, Autonomous Mobile Robots (AMRs) operate advanced 3D vision systems, and flexible clamps are used to automate the sampling process.

MARKET RESTRAINTS

High costs associated with mobile robotics are primarily hampering the global market growth.

The high cost of installation and the integration competencies mandatory for the initial setup of mobile robotics limit its adoption. In addition, the need for an increased initial investment limits mobile robotics in various industries such as health, logistics, education, agriculture, etc., making it difficult for the market to grow. The main challenge hampering the growth of the global mobile robotics market is navigating in unassigned environments. Mobile robots are designed and programmed to perform tasks and functions in a defined environment. However, logistics robots cannot be programmed or cannot operate in untested environments, hindering market growth.

Impact Of COVID-19 On the Global Mobile Robotics Market

As the COVID-19 pandemic expands globally, several aerospace and defense companies feel the impact during this time. In commercial aviation, companies are experiencing production disruptions and slowing demand as workers return home, passengers stop traveling, and customers delay the delivery of new aircraft. The need for parts is also declining because less maintenance is currently required. In addition, aircraft manufacturers are inherently capital-intensive, raising short-term cash flow and liquidity concerns. On the defense side, subcontractors are better positioned because they will not feel the impact of COVID-19 in the short or medium term. Although production may decrease for the same reasons as in aircraft manufacturing, demand in the next two years is unlikely to be affected. Budgets for these projects were allocated before the pandemic, and the projects are essential to national defense.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Mobile Robotics Market Analysis By Product

The UGV segment is the most dominant segment during the forecast period due to the increase in military and defense applications. Drones are expected to grow steadily throughout the forecast period due to increased demand in military, defense, photography, surveying and mapping, wildlife research, and survey and security applications. In addition, the USV market has been fuelled by profitable global positioning systems and wireless data systems, which are expected to continue for six years.

Global Mobile Robotics Market Analysis By Application

The industrial segment had the major share of the global mobile robotics market in 2023. The industrial segment is sub-segmented storage and distribution, painting and painting, and coating and distribution. Service applications are divided into professional and personal applications. Professional applications include military and defense, mining, medicine, agriculture, forestry, and logistics. Personal applications consist of household chores like entertainment, cleaning, and maintenance. Demand for home robots like lawn mowers and vacuum cleaners used in personal service applications has been spurred by the availability of open-source software development platforms and falling prices for sensors and cameras.

REGIONAL ANALYSIS

The North American market held the lion’s share in the global mobile robotics market because of the sophisticated robotic techniques and the deployment of mobile robots in several industrial applications. In addition, the governments of the United States, Canada, and Mexico are encouraging the adoption of mobile robotics in the aerospace and defense industries. Besides, North America is experiencing strong adoption of mobile robotics for household purposes, such as vacuuming and cleaning floors, mowing lawns, and more. The Asia-Pacific region held the second-largest portion of this market due to this locale's rising industrialization and manufacturing activities. Countries like China, Japan, and India embrace large-scale mobile robotics for defense, manufacturing, healthcare, education, and personal assistance applications. Europe has the third-largest market for mobile robotics.

KEY PLAYERS IN THE GLOBAL MOBILE ROBOTICS MARKET

The global Mobile Robotics Market is concentrated with well-established players. Key players in the market include Bluefin Robotics Corporation, Mobile Industrial Robots, Aethon, OMRON Adept Technologies, KUKA AG, Clearpath Robotics, and Gecko Systems Intl. Corporation, Northrop Grumman Corporation, Amazon Robotics, and iRobot Corporation. Aethon had the largest share of the Mobile Robotics Market in terms of sales and revenue in 2018.

RECENT HAPPENINGS IN THE MARKET

• Rheinmetall, a defense contractor based in Germany, collaborated with the WB group in Poland to integrate the autonomous Mission Master UGV into the Warmate micro-combat UAV. This was unveiled at MSPO 2019, held in Poland in September.
• In August 2019, Teledyne Instruments, a U.S.-based subsidiary of Teledyne Technologies, recently received a contract to supply AUVs to the United States Navy, including supplies and services for the current development of AUVs.
• In July 2018, PT Bank Net Tbk from Softbank and Lippo Group. ("Link Net") (Japan) has signed an agreement to collaboratively develop Internet of Things (IoT) platforms to be implemented in various cities in Japan.
• In June 2018, Northrop Grumman opened a new factory in Illinois, the United States. This expansion is expected to help Northrop Grumman better serve its customers in support of national security.

DETAILED SEGMENTATION OF THE GLOBAL MOBILE ROBOTICS MARKET INCLUDED IN THIS REPORT

This research report on the global mobile robotics market has been segmented and sub-segmented based on product, application and region.

By Product

• AUVs
• USVs
• UAVs
• UGVs

By Application

• Service
• Industrial

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa