Mobile Robotics Market

Need to Enhance Productivity and Reduce Labor Costs Within Industries Bolsters
Global Mobile Robotics Market
The global mobile robotics market is expected to exhibit an intense level of
competition in the coming years. The quest of market players to capture a greater
market share has got them to a situation wherein a single player’s moves are
expected to prompt a response from others. Research and development initiatives are
expected to play a pivotal role in deciding the success of the market players. This is
because the market for mobile robotics is adaptive to new technologies and
inventions that ease the flow of work. The major players such as Amazon, Alibaba,
and are expected to come neck and neck with each other, thus, intensifying
competition within the market. Another reason expected to intensify the competition
is the investment in marketing made by the leading players. The entry of new
players into the market will also up the competitive gradient of the market. The
major players are striving to sell products at competitive prices and offer utility to
the consumers. Since most of the products are similar in functionality and
performance, competition levels are expected to reach new levels. Other key market
players are Boeing Co., John Deere, Seegrid Corp., Savioke, FANUC Corp., Locus
Robotics.,Swisslog, KUKA AG, Barrett Technology, Honda Motor Co. Ltd., iRobot
Corp., Bossa Nova Robotics,Google Inc., Fetch Robotics Inc., Aethon Inc., Clearpath
Robotics Inc., Northrop Grumman Corp., Omron Adept Technologies, and Lowe’s Co.
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The global market was valued at US$8.58 bn in 2016, and is expected to touch a
valuation of US$30.96 bn by the end of 2025. The market is anticipated to expand at
an astral CAGR of 15.60% over the period from 2017 to 2025. The need for
unmanned ground vehicles has proliferated across several industrial units. Hence,
based on product type, the segment of unmanned ground vehicles is expected to
dominate the market share. On a geographical scale, Asia Pacific has led the global
market share in the past and is expected to retain its supremacy in the coming years
as well. The prominence of the region owes to the investments in logistics and
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Growth of e-Commerce Sector Upticks Demand
The e-commerce sector has been a key consumer for mobile robotics; the pressing
need for swift fulfilment of orders has persuaded the industry heads to automate the
systems. Hence, the need for mobile robots has grown significantly across the globe.
Furthermore, delivery systems across several other industries have undergone
renovation and upgrades, which has also called for mobile robots. Unmanned robots
have also become the prime resort for industrial units that want to increase their
operational efficiency. The labor costs across the world have been on a rise which
has compelled industrial units to replace the workforce with mobile robots. The
extent of this replacement is high in some industries and is gaining momentum in
others. This is an important standpoint for market growth