USD 16.5 Billion
Mobile Robots Market Size, Share, Growth Analysis, By Offering(Hardware, Software & Services), Type(Industrial Robots (Autonomous Mobile Robot, AGV, Others), Personal & Domestic Robots), Payload, Application, and Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2296 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
120
|Figures:
71
Mobile Robots Market Insights
Mobile robots market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 20.31 billion in 2023 to USD 107.1 billion by 2031, growing at a CAGR of 23.1% during the forecast period (2024-2031).
The increasing popularity of mobile robots in hospital environments, home uses and related areas combined with technological improvements in robotics is expected to fuel this market's growth. Robotics have seen a massive rise in its demand with the onset of augmented reality, deep learning, artificial intelligence (AI), and others. The global demography with limited workers, people living alone, or elderly population generates the need for companion robots, service robots and others.
The government initiatives are further supporting research and development in this field. For instance, in 2023, Brain Corp has announced that they have achieved a milestone in autonomous robotics and appointed Chris Lobdell as Chief Revenue Officer. Brain has deployed around 30,000 robots to BrainOS robotics platform in different segments like autonomous vacuuming, autonomous inventory scanning, and autonomous floor scrubbing. Furthermore, Brain Corp’s OEM partners have deployed around 5700 robots across 265 customers globally.
Some of the new technologies that have evolved over the years and integrated into these mobile robots are artificial intelligence, machine learning, computer sight and sensing technologies. Such achievements have initiated the manufacture of enhanced and versatile robots that are competent enough to work under different situations and conditions. Some key sectors which contribute largely into mobile robots include manufacturing industries, logistics, healthcare, security, agriculture and retail. Industrial mobile robotics is used in manufacturing and logistics sectors such as in material handling, organizing warehouse, and managing stock. In healthcare, it is used for services that include healthcare service in patient treatment, administration of medicine, and sanitization. The organizations are seeking mobile robots to reduce costs and increase output, productivity and safety. The options are expensive in terms of labor which is influenced when the general cost of living is high like GDP growth, investments in mobile robot technology, and labor costs all go far to influence the adoption in the developing economies.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Professional Robots
Fastest Growth
Personal & Domestic Robots
Growth Rate
23.1% CAGR
Global Mobile robots Market ($ Bn)
Country Share for Aisa Pacific Region (%)
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Mobile Robots Market Segmental Analysis
The mobile robot market is segmented into offerings, type, application, and region. Based on offering the market is segmented into hardware (sensors, actuators, power supplies, control systems, others), software & services. Based on type, the market is segmented into professional robots (autonomous mobile robot, automated guided vehicle, others), personal & domestic robots. By Payload, the market is segmented into Up to 300 kg, 500–600 kg, 1000-1500 kg. By Application, the market is segmented into Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The professional robots' segment is considered the dominant and most influential sector for mobile robots mainly due to its implementation in companies, hospitals, warehouses and militaries and among others. Market wise in 2023, professional robots will have a significant market share because of their higher functionality and applicability in numerous industrial and commercial application areas. Robotic systems are being gradually adopted across the warehouses to manage the growing automation needs of warehouses, the growth of flow in e-commerce, and the general demand for efficient logistics solutions. Based on our market size, sales value, and volume study, we anticipated the professional robots' segment retaining its supremacy and offering considerable boost to the valuation of the global market, which is estimated to hit USD 40. 6 billion by 2031.
The personal and domestic robots' industry remains to be highly dynamic, boosted by the growing desire for home automation and for personal service robots. This segment includes devices designed for cleaning, mowing lawns, and even those assisting the physically challenged. Technological advancements around artificial intelligence and machine learning are helping to make this type of robot more advanced and thus more applicable to use in homes. From this segment, increased public knowledge about domestic robots and its relatively low cost has led to higher percent market growth in the forecasted period.
Analysis by Application
The agricultural segment dominates the mobile robot market. The level of mobile robotics in the agricultural industries has continued to rise whereby precision farming, crop monitoring, and crop harvesting are the dominant drivers in adopting mobile robotics. Accompanied by sophisticated sensors and artificial intelligence, these robots increase effectiveness, decrease human workers costs, and correctly use resources. Such opportunities, as the effective collection of data in real-time mode, more effective decision-making processes are among the major factors that define the growth. Crop monitoring and harvesting are the sub segments widely used in this segment, especially in precision farming segment. This market will grow rapidly due to the trends of automation and sustainability needed in agriculture. Based on our analysis, the agricultural robotics sector holds a revenue share of around $13.5 billion and is anticipated to reach around $40.1 billion by 2028 and is growing at a growth rate of around 24.3%. Our study further reveals that around 2.5 million employees across the EU have left the agricultural industry over the last 10 years. Furthermore, by 2030, around 3% of annual decline is noticed in the agricultural sector of the employees. Therefore, contributing to the high demand for robotics in the industry.
The healthcare sector is increasingly adopting mobile robots at a quick pace and is observed as a growing segment. This is primarily driven by factors including patient handling, surgical aiding, and cleaning activities due to the need for decreasing hospital acquired diseases and enhancing organizational effectiveness respectively. Patient care is the dominant application within this segment, while surgical assistance and disinfection are witnessing robust growth, fueled by advancements in robotics and increasing concerns regarding healthcare-associated infections. Based on our analysis, hospital acquires infections (HAIs) account for around 4-56% of the deaths during the neonatal period. Therefore, has increased the demand for disinfecting healthcare settings which provides a secure and safe environment for patients and healthcare officials. This has increased the smooth operations and workflow of the staff and patients.
Global Mobile Robots Market By Type
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Mobile Robots Market Regional Insights
Asia Pacific region is the largest region in the global mobile robotics market. The efficiency and cost reduction through automation is driving the market. The countries such as Japan South Korea and China are continuously increasing due to their technological advancements in the mobile robots. Due to the aging of the population and rising labor expenses, they are adopting mobile robots for repetitive tasks. Moreover, the ecommerce and logistics sectors are rapidly increasing, which is further driving the demand for the automation in the warehouse industry. China contributes as the largest manufacturer in the industry driving the market demand. Based on our analysis, we found that besides COVID-19 restrictions have caused disturbances in production and logistics, the industrial output is increased by around 3.6% in 2022 in China. The manufacturing industry contributes around 28% to the China’s GDP have reported around 3.1% growth in the output during 2022.
North America holds a significant share of the mobile robot market, and it is expected to grow at a CAGR of around 20% through the given period. The region is expected to maintain a growth trend of around 81% on average over the forecast period. Since countries such as the U. S and Canada are contributing significantly to the market revenues, North America has come out as growing part of the market. Technological advancements are the region’s key result of early adoption of advanced technological solutions by end users. Thus, factors such as the growing demand for rehabilitation in medicine, the availability of funding sources for technologies, and the adoption of surgical robots in hospitals are contributing to the growth in service robotics. Furthermore, North America alone accounts for 35% of mobile robots manufacturers which is attributing the region’s burgeoning market growth. The leading market is the U. S as it has key players in the manufacturing sector of the mobile robot market.
Global Mobile Robots Market By Region
- Largest
- Fastest
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Mobile Robots Market Dynamics
Mobile Robots Market Drivers
Advancements in Robotics Transforming Personal Assistance and Household Tasks
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The advancements in the robotics sector are witnessed by the emergence of augmented reality, deep learning and AI. The increase in the elderly population and nuclear families have increased the demand for virtual assistants such as companion robots, which are helping in the simplification of the tasks. Companies have also used these technologies and have introduced innovative products such as Shenzhen Huiyu Education Technology’s Honeybot and Blue Frog Robotics’ Buddy. Integrated into households, these robots handle cleaning, security, and entertainment, becoming smarter and more adaptable, driven by the need for time efficiency and enhanced lifestyle.
Innovations in Mobile Robot Sensors and Controllers for Various Applications
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The mobile robots market players produce various robotic parts and controllers for various applications, especially automotive industry, baggage sensing in airports, and many others. Based on our analysis, a line of Light Detection and Ranging (LiDAR) sensors are clearly launched for anti-collision applications in AMR. These sensors can sense large areas with low energy consumption. Also, Qualcomm processors enable odd computing, enhanced computer vision and more, ideal for low-power robots and drones.
Restraints
Limited Suitability of Mobile Robots in Unstructured Environments
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The integration of mobile robots into the existing system creates or poses a huge challenge in the market. Most of the industries have built in established systems, processes and their infrastructures due to which the easy robot integration in the mobile robot market has become difficult. As mobile robots mostly connect with various components of the existing systems which include enterprise resource planning systems, warehouse management systems and automation technologies which makes its installation difficult.
Integration of Mobile Robots with Existing System
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Mobile robots market faces a huge challenge when it comes to integrating mobile robots with existing systems. Many industries have already established systems, processes, and infrastructures, which make it difficult to achieve easy integration of mobile robots. Mobile robots often interface with various components such as enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies.
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Mobile Robots Market Competitive Landscape
The competitive landscape of the global mobile robots market is dynamic and evolving, driven by technological advancements, market demand, and regulatory developments. Companies that can innovate, collaborate, and adapt to changing market dynamics are well-positioned to succeed in this rapidly growing industry. For instance, in June 2024, Rapyuta Robotics announced a strategic partnership with SVT Robotics to connect and scale warehouse robots. They are using Rapyuta’s pick assist AMRs for its expansion around the American warehouses. Rapyuta’s solution will be certified on SVT Robotics platform namely SOFTBOT. The advanced software is changing the incorporation of different autonomous technologies such as autonomous mobile robots (AMR), vertical lift modules (VLM), and automated storage and retrieval systems (AS/RS) and host systems such as warehouse management systems (WMS), warehouse execution systems (WES) and others.
Mobile Robots Market Top Player’s Company Profiles
- ST Engineering Aethon, Inc
- SoftBank Robotics
- ROBOTLAB Inc.
- OTTO Motors
- ABB Robotics
- Omron Group
- Mobile Industrial Robots
- Locus Robotics
- GreyOrange
- Gideon Brothers
- Geekplus Technology Co Ltd.
- Blue Skye Automation
Mobile Robots Market Recent Developments
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In June 2024, Peak Technologies announced its strategic partnership with Robotize (specializing in AMR) to transform heavy pallet movement within warehouses which led towards enhancing efficiency and productivity. These quick robots can identify complex environments, transport heavy pallets, and perform tasks with accuracy. This will help in delivering solutions in the warehouse and manufacturing sectors across the globe.
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In May 2024, KION North America partnered with Fox Robotics and will work together to build and assemble FoxBot autonomous trailer loader/unloader (ATLs). This partnership is therefore contributing towards the efficiency, safety and reliability of the customers’ operations.
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In March 2024, Metron Inc, and Cellula Robotics signed a partnership agreement for the expansion of uncrewed underwater vehicle (UUV) capabilities for advanced operations in dynamic environments. The integration of Metron’s Resilient Mission Autonomy will offer AI related awareness, and real-time mission adaptation. They will further collectively share their expertise in the segments such as hardware, software, and fuel cell technology for the expansion of UUV missions for the dynamic and long-term missions.
Mobile Robots Key Market Trends
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Adoption of Industry 4.0 Technologies in Warehouse and Industrial Automation: In logistics and warehousing applications, the adoption of advanced mobile robots is driving the mobile robot market. They are continuously used in sectors such as healthcare, construction, and personal applications like domestic robots. Their expansion is contributing to their originality and growth in different areas.
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Growing Demand Across Industries: The demand for mobile robots is expanding beyond traditional logistics and warehousing applications. They are increasingly utilized in healthcare, agriculture, construction, and personal applications such as domestic robots. This broadening scope highlights their versatility and growing importance across various sectors.
Mobile Robots Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The mobile robots market is witnessing strong growth driven by factors such as increasing adoption of automation in industry, advancements in artificial intelligence and sensor technology, and growing demand for logistics and warehouse automation solutions. The major trends in the mobile robots market are highly sophisticated autonomous robotic systems capable of navigating complex environments, performing tasks, and with human operators collaborate by combining machine learning and computer vision technologies. Robots have worked well in transformational environments, such as manufacturing plants which are growing the adoption of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.5 billion |
| Market size value in 2031 | USD 107.1 billion |
| Growth Rate | 23.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mobile Robots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mobile Robots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mobile Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Mobile Robots Market Report Snapshots
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