Mobile Robots Market

Mobile Robots Market Size, Share, Growth Analysis, By Type(Professional Robots, Personal & Domestic Robots), By Application(Agricultural, Cleaning), By Region(North America, US) - Industry Forecast 2024-2031

Report ID: UCMIG20I2233 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Mobile Robots Market Insights

Market Overview:

The market for mobile robots is expected to reach a value of USD 20.3 billion in 2023 and USD 40.6 billion in 2028, at a CAGR of 14.9% over the forecast period. The rapid expansion of e-commerce, which automates warehouses, and rising labor costs in developed countries are the market drivers.

Mobile Robots Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Mobile Robots Market is segmented by Type, Application, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Mobile Robots Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Type the market is segmented as, Professional Robots, Personal & Domestic Robots
  • Based on Application the market is segmented as, Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics, Others
  • Based on Region the market is segmented as, North America, US, Canada, Mexico, Europe, Germany, UK, France, Rest of Europe, Asia Pacific, China, Japan, South Korea, Rest of Asia Pacific, Rest of the World, Middle East & Africa, South America, KEY MARKET PLAYERS, KUKA, ABB, Honda Motor, Mobile Industrial Robots, Omron Automation

Regional Analysis:

Mobile Robots Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Mobile Robots Market Attractiveness Analysis, By Region 2020-2028
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Mobile Robots Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Mobile Robots Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Mobile Robots Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Mobile Robots Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Mobile Robots Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • mobile robots market size is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The growing demand for mobile robots in healthcare and personal applications, coupled with rapid advancements in robotics and artificial intelligence technologies, is contributing to this market growth.
  • Mobile Robots Market Trends
  • Driver: Increasing adoption of mobile robots for healthcare and personal use
  • Robotics has witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. These technologies have been well adopted by several market players to introduce advanced products and gain a competitive edge in the mobile robots market. For instance, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning. Similarly, Blue Frog Robotics (France) offers Buddy, a companion robot designed using AI. Mobile robots are increasingly being integrated into households to perform tasks such as cleaning, home security, and entertainment. With the advancements in artificial intelligence and robotics, these robots are becoming smarter, more intuitive, and capable of adapting to human environments. The growing adoption of mobile robots for personal use is driven by the desire for time-saving solutions, improved productivity, and enhanced lifestyle experiences.
  • Restraint: Limited adaptability of mobile robots to unstructured environments
  • Till date, robots have performed successfully in manipulated and controlled environments, such as manufacturing factories and process industries. With mobile robots applications in various fields, such as mining, logistics, and medical, there is a growing need for technically advanced robots to perform complex tasks. Therefore, there is a need to develop hardware (arms and hands), and force and vision sensors to make robots interact with the environment with tactile manipulation as humans do. In the real world, the human environment has various challenging activities, which are beyond the control of robots that are currently manufactured. Researchers are studying various approaches to overcome the limitation of robot manipulation in the real world. Mobile robots often struggle with the limited adaptability in unstructured environments due to challenges in perception, navigation, and manipulation. Unstructured environments pose difficulties for robots in accurately perceiving and sensing the surroundings, especially when dealing with varying terrains, unpredictable obstacles, and changing lighting conditions.
  • Opportunity: Adoption of industry 4.0 technologies in warehousing and industrial automation
  • The Mobile Robots market has a significant opportunity as Industry 4.0 technologies are adopted in warehousing and industrial automation. Industry 4.0 involves the integration of digital technologies, data connectivity, and automation into industrial processes. As businesses strive for improved efficiency, productivity, and agility, they are increasingly relying on mobile robots as a crucial element of their digital transformation initiatives. Mobile robots play a vital role in facilitating intelligent and interconnected warehouses by automating tasks such as material handling, picking, and logistics operations. They can seamlessly integrate with other Industry 4.0 technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) systems, enabling real-time data exchange, advanced analytics, and intelligent decision-making. The adoption of Industry 4.0 technologies in warehousing and industrial automation not only enhances operational efficiency but also improves inventory accuracy, reduces errors, and enables predictive maintenance. With the growth of e-commerce and the increasing complexity of supply chains, there is a growing demand for mobile robots in these sectors. Mobile robots offer scalability, flexibility, and adaptability, making them an asset in the ever-changing landscape of Industry 4.0. As businesses continue to invest in digital transformation and automation, the Mobile Robots market can provide innovative and advanced solutions that align with the demands of Industry 4.0.
  • Challenge: Integration of mobile robots with existing system
  • The Mobile Robots market faces a significant challenge when it comes to integrating mobile robots with existing systems. Numerous industries already have established systems, processes, and infrastructure in place, making it complex to achieve a seamless integration of mobile robots. Challenges such as compatibility issues, interoperability issues, and the need for system reconfiguration can impede the integration process. Mobile robots often need to interface with different components like enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies. Ensuring smooth data exchange, communication protocols, and synchronization with existing systems requires careful planning, technical expertise, and coordination among various stakeholders. The integration challenges can lead to delays, increased costs, and disruptions to operations. To overcome these challenges, collaboration between mobile robot manufacturers, system integrators, and end-users is essential. This collaboration can involve the development of standardized interfaces, the establishment of clear integration protocols, and the provision of comprehensive support to enable seamless integration. By addressing the integration challenge, the Mobile Robots market can enhance its value proposition, drive adoption, and facilitate the efficient deployment of mobile robot solutions across diverse industries.
  • Mobile Robots Market: Key Trends
  • KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US) are the top players in the mobile robots market. These mobile robot companies boast robotics trends with a comprehensive product portfolio and solid geographic footprint.
  • Personal & Domestic Robots type to grow at the highest CAGR during 2023-2028.
  • The market for personal and domestic robots is expected to grow due to advancing technology and increased affordability of robotic solutions that can enhance the day-to-day life of the consumer. Personal robots, including robotic assistants, companions, and entertainment devices, offer convenience, efficiency, and an improved quality of life. They can assist with household chores, provide companionship, and even offer healthcare support. Similarly, domestic robots focus on specific tasks within the home environment, such as cleaning, gardening, or security monitoring. The rising adoption of automation and smart home technologies, combined with the expanding range of functionalities provided by personal and domestic robots, is fueling the growing demand for these products. As consumers increasingly recognize the benefits and value that these robots bring, their popularity is expected to skyrocket, establishing them as the segment with the highest growth potential in the market.
  • Agriculture application to grow at the highest CAGR during forecast period.
  • As the global population continues to increase and the importance of sustainable food production intensifies, the agriculture industry is actively seeking innovative solutions to enhance productivity and efficiency. Mobile robots offer significant potential to revolutionize farming practices by automating various tasks, including planting, harvesting, crop monitoring, and precision spraying. These robots excel in navigating challenging terrains, collecting real-time data, and executing operations with precision, thereby improving efficiency, reducing labor costs, and optimizing resource utilization. Moreover, mobile robots empower farmers to make data-driven decisions, boost productivity, and minimize environmental impact. The growing adoption of automation and robotics in agriculture, combined with the demand for advanced farming techniques, fuels the market growth.
  • Asia Pacific is expected to grow at the highest CAGR in the mobile robots market during the forecast period.
  • Asia Pacific region is projected to experience significant growth in the field of mobile robots. Industries in the region are actively seeking automation solutions to improve efficiency and reduce production costs. Countries like Japan, South Korea, and China have made notable technological advancements, contributing to the development of sophisticated robotics technologies that have made mobile robots more accessible and practical. Moreover, the Asia Pacific region faces challenges related to an aging workforce and increasing labor costs, which have further amplified the appeal of utilizing mobile robots for repetitive and physically demanding tasks. Additionally, the growth of e-commerce and logistics industries has created a surge in demand for automation in warehousing and last-mile deliveries across the region.
  • Recent Developments
  • In April 2023, ABB transformed AMR performance with launch of Visual simultaneous localization and mapping (SLAM) Technology, this AI-enabled navigation technology allows AMRs to make intelligent decisions in dynamic and challenging environments.
  • In March 2023, KUKA introduces an upgraded version of its KMP 600-S diffDrive, extending the company's range of mobile platforms. The KUKA KMP 600-S diffDrive mobile platform presents an advanced automated guided vehicle system, offering high-speed capabilities for production intralogistics.
  • In July 2022, LG Mobile Industrial Robots announced a collaboration with Modula for advance warehouse automation, and delivering a fully autonomous storage, picking and material handling solution.
  • KEY MARKET SEGMENTS
  • By Type
  • Professional Robots
  • Personal & Domestic Robots
  • By Application
  • Agricultural
  • Cleaning
  • Educational
  • Healthcare
  • Manufacturing
  • Warehousing & Logistics
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Middle East & Africa
  • South America
  • KEY MARKET PLAYERS
  • KUKA
  • ABB
  • Honda Motor
  • Mobile Industrial Robots
  • Omron Automation

SkyQuest's Expertise:

The Mobile Robots Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Type - Professional Robots, Personal & Domestic Robots
  • By Application - Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics, Others
  • By Region - North America, US, Canada, Mexico, Europe, Germany, UK, France, Rest of Europe, Asia Pacific, China, Japan, South Korea, Rest of Asia Pacific, Rest of the World, Middle East & Africa, South America, KEY MARKET PLAYERS, KUKA, ABB, Honda Motor, Mobile Industrial Robots, Omron Automation
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • mobile robots market size is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The growing demand for mobile robots in healthcare and personal applications, coupled with rapid advancements in robotics and artificial intelligence technologies, is contributing to this market growth.
  • Mobile Robots Market Trends
  • Driver: Increasing adoption of mobile robots for healthcare and personal use
  • Robotics has witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. These technologies have been well adopted by several market players to introduce advanced products and gain a competitive edge in the mobile robots market. For instance, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning. Similarly, Blue Frog Robotics (France) offers Buddy, a companion robot designed using AI. Mobile robots are increasingly being integrated into households to perform tasks such as cleaning, home security, and entertainment. With the advancements in artificial intelligence and robotics, these robots are becoming smarter, more intuitive, and capable of adapting to human environments. The growing adoption of mobile robots for personal use is driven by the desire for time-saving solutions, improved productivity, and enhanced lifestyle experiences.
  • Restraint: Limited adaptability of mobile robots to unstructured environments
  • Till date, robots have performed successfully in manipulated and controlled environments, such as manufacturing factories and process industries. With mobile robots applications in various fields, such as mining, logistics, and medical, there is a growing need for technically advanced robots to perform complex tasks. Therefore, there is a need to develop hardware (arms and hands), and force and vision sensors to make robots interact with the environment with tactile manipulation as humans do. In the real world, the human environment has various challenging activities, which are beyond the control of robots that are currently manufactured. Researchers are studying various approaches to overcome the limitation of robot manipulation in the real world. Mobile robots often struggle with the limited adaptability in unstructured environments due to challenges in perception, navigation, and manipulation. Unstructured environments pose difficulties for robots in accurately perceiving and sensing the surroundings, especially when dealing with varying terrains, unpredictable obstacles, and changing lighting conditions.
  • Opportunity: Adoption of industry 4.0 technologies in warehousing and industrial automation
  • The Mobile Robots market has a significant opportunity as Industry 4.0 technologies are adopted in warehousing and industrial automation. Industry 4.0 involves the integration of digital technologies, data connectivity, and automation into industrial processes. As businesses strive for improved efficiency, productivity, and agility, they are increasingly relying on mobile robots as a crucial element of their digital transformation initiatives. Mobile robots play a vital role in facilitating intelligent and interconnected warehouses by automating tasks such as material handling, picking, and logistics operations. They can seamlessly integrate with other Industry 4.0 technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) systems, enabling real-time data exchange, advanced analytics, and intelligent decision-making. The adoption of Industry 4.0 technologies in warehousing and industrial automation not only enhances operational efficiency but also improves inventory accuracy, reduces errors, and enables predictive maintenance. With the growth of e-commerce and the increasing complexity of supply chains, there is a growing demand for mobile robots in these sectors. Mobile robots offer scalability, flexibility, and adaptability, making them an asset in the ever-changing landscape of Industry 4.0. As businesses continue to invest in digital transformation and automation, the Mobile Robots market can provide innovative and advanced solutions that align with the demands of Industry 4.0.
  • Challenge: Integration of mobile robots with existing system
  • The Mobile Robots market faces a significant challenge when it comes to integrating mobile robots with existing systems. Numerous industries already have established systems, processes, and infrastructure in place, making it complex to achieve a seamless integration of mobile robots. Challenges such as compatibility issues, interoperability issues, and the need for system reconfiguration can impede the integration process. Mobile robots often need to interface with different components like enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies. Ensuring smooth data exchange, communication protocols, and synchronization with existing systems requires careful planning, technical expertise, and coordination among various stakeholders. The integration challenges can lead to delays, increased costs, and disruptions to operations. To overcome these challenges, collaboration between mobile robot manufacturers, system integrators, and end-users is essential. This collaboration can involve the development of standardized interfaces, the establishment of clear integration protocols, and the provision of comprehensive support to enable seamless integration. By addressing the integration challenge, the Mobile Robots market can enhance its value proposition, drive adoption, and facilitate the efficient deployment of mobile robot solutions across diverse industries.
  • Mobile Robots Market: Key Trends
  • KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US) are the top players in the mobile robots market. These mobile robot companies boast robotics trends with a comprehensive product portfolio and solid geographic footprint.
  • Personal & Domestic Robots type to grow at the highest CAGR during 2023-2028.
  • The market for personal and domestic robots is expected to grow due to advancing technology and increased affordability of robotic solutions that can enhance the day-to-day life of the consumer. Personal robots, including robotic assistants, companions, and entertainment devices, offer convenience, efficiency, and an improved quality of life. They can assist with household chores, provide companionship, and even offer healthcare support. Similarly, domestic robots focus on specific tasks within the home environment, such as cleaning, gardening, or security monitoring. The rising adoption of automation and smart home technologies, combined with the expanding range of functionalities provided by personal and domestic robots, is fueling the growing demand for these products. As consumers increasingly recognize the benefits and value that these robots bring, their popularity is expected to skyrocket, establishing them as the segment with the highest growth potential in the market.
  • Agriculture application to grow at the highest CAGR during forecast period.
  • As the global population continues to increase and the importance of sustainable food production intensifies, the agriculture industry is actively seeking innovative solutions to enhance productivity and efficiency. Mobile robots offer significant potential to revolutionize farming practices by automating various tasks, including planting, harvesting, crop monitoring, and precision spraying. These robots excel in navigating challenging terrains, collecting real-time data, and executing operations with precision, thereby improving efficiency, reducing labor costs, and optimizing resource utilization. Moreover, mobile robots empower farmers to make data-driven decisions, boost productivity, and minimize environmental impact. The growing adoption of automation and robotics in agriculture, combined with the demand for advanced farming techniques, fuels the market growth.
  • Asia Pacific is expected to grow at the highest CAGR in the mobile robots market during the forecast period.
  • Asia Pacific region is projected to experience significant growth in the field of mobile robots. Industries in the region are actively seeking automation solutions to improve efficiency and reduce production costs. Countries like Japan, South Korea, and China have made notable technological advancements, contributing to the development of sophisticated robotics technologies that have made mobile robots more accessible and practical. Moreover, the Asia Pacific region faces challenges related to an aging workforce and increasing labor costs, which have further amplified the appeal of utilizing mobile robots for repetitive and physically demanding tasks. Additionally, the growth of e-commerce and logistics industries has created a surge in demand for automation in warehousing and last-mile deliveries across the region.
  • Recent Developments
  • In April 2023, ABB transformed AMR performance with launch of Visual simultaneous localization and mapping (SLAM) Technology, this AI-enabled navigation technology allows AMRs to make intelligent decisions in dynamic and challenging environments.
  • In March 2023, KUKA introduces an upgraded version of its KMP 600-S diffDrive, extending the company's range of mobile platforms. The KUKA KMP 600-S diffDrive mobile platform presents an advanced automated guided vehicle system, offering high-speed capabilities for production intralogistics.
  • In July 2022, LG Mobile Industrial Robots announced a collaboration with Modula for advance warehouse automation, and delivering a fully autonomous storage, picking and material handling solution.
  • KEY MARKET SEGMENTS
  • By Type
  • Professional Robots
  • Personal & Domestic Robots
  • By Application
  • Agricultural
  • Cleaning
  • Educational
  • Healthcare
  • Manufacturing
  • Warehousing & Logistics
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Middle East & Africa
  • South America
  • KEY MARKET PLAYERS
  • KUKA
  • ABB
  • Honda Motor
  • Mobile Industrial Robots
  • Omron Automation
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

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
  • 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
  • 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
  • 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(%)
  • mobile robots market size is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The growing demand for mobile robots in healthcare and personal applications, coupled with rapid advancements in robotics and artificial intelligence technologies, is contributing to this market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mobile Robots Market Trends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Increasing adoption of mobile robots for healthcare and personal use
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Robotics has witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. These technologies have been well adopted by several market players to introduce advanced products and gain a competitive edge in the mobile robots market. For instance, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning. Similarly, Blue Frog Robotics (France) offers Buddy, a companion robot designed using AI. Mobile robots are increasingly being integrated into households to perform tasks such as cleaning, home security, and entertainment. With the advancements in artificial intelligence and robotics, these robots are becoming smarter, more intuitive, and capable of adapting to human environments. The growing adoption of mobile robots for personal use is driven by the desire for time-saving solutions, improved productivity, and enhanced lifestyle experiences.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Limited adaptability of mobile robots to unstructured environments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Till date, robots have performed successfully in manipulated and controlled environments, such as manufacturing factories and process industries. With mobile robots applications in various fields, such as mining, logistics, and medical, there is a growing need for technically advanced robots to perform complex tasks. Therefore, there is a need to develop hardware (arms and hands), and force and vision sensors to make robots interact with the environment with tactile manipulation as humans do. In the real world, the human environment has various challenging activities, which are beyond the control of robots that are currently manufactured. Researchers are studying various approaches to overcome the limitation of robot manipulation in the real world. Mobile robots often struggle with the limited adaptability in unstructured environments due to challenges in perception, navigation, and manipulation. Unstructured environments pose difficulties for robots in accurately perceiving and sensing the surroundings, especially when dealing with varying terrains, unpredictable obstacles, and changing lighting conditions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Adoption of industry 4.0 technologies in warehousing and industrial automation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Mobile Robots market has a significant opportunity as Industry 4.0 technologies are adopted in warehousing and industrial automation. Industry 4.0 involves the integration of digital technologies, data connectivity, and automation into industrial processes. As businesses strive for improved efficiency, productivity, and agility, they are increasingly relying on mobile robots as a crucial element of their digital transformation initiatives. Mobile robots play a vital role in facilitating intelligent and interconnected warehouses by automating tasks such as material handling, picking, and logistics operations. They can seamlessly integrate with other Industry 4.0 technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) systems, enabling real-time data exchange, advanced analytics, and intelligent decision-making. The adoption of Industry 4.0 technologies in warehousing and industrial automation not only enhances operational efficiency but also improves inventory accuracy, reduces errors, and enables predictive maintenance. With the growth of e-commerce and the increasing complexity of supply chains, there is a growing demand for mobile robots in these sectors. Mobile robots offer scalability, flexibility, and adaptability, making them an asset in the ever-changing landscape of Industry 4.0. As businesses continue to invest in digital transformation and automation, the Mobile Robots market can provide innovative and advanced solutions that align with the demands of Industry 4.0.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Integration of mobile robots with existing system
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Mobile Robots market faces a significant challenge when it comes to integrating mobile robots with existing systems. Numerous industries already have established systems, processes, and infrastructure in place, making it complex to achieve a seamless integration of mobile robots. Challenges such as compatibility issues, interoperability issues, and the need for system reconfiguration can impede the integration process. Mobile robots often need to interface with different components like enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies. Ensuring smooth data exchange, communication protocols, and synchronization with existing systems requires careful planning, technical expertise, and coordination among various stakeholders. The integration challenges can lead to delays, increased costs, and disruptions to operations. To overcome these challenges, collaboration between mobile robot manufacturers, system integrators, and end-users is essential. This collaboration can involve the development of standardized interfaces, the establishment of clear integration protocols, and the provision of comprehensive support to enable seamless integration. By addressing the integration challenge, the Mobile Robots market can enhance its value proposition, drive adoption, and facilitate the efficient deployment of mobile robot solutions across diverse industries.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mobile Robots Market: Key Trends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US) are the top players in the mobile robots market. These mobile robot companies boast robotics trends with a comprehensive product portfolio and solid geographic footprint.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Personal & Domestic Robots type to grow at the highest CAGR during 2023-2028.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market for personal and domestic robots is expected to grow due to advancing technology and increased affordability of robotic solutions that can enhance the day-to-day life of the consumer. Personal robots, including robotic assistants, companions, and entertainment devices, offer convenience, efficiency, and an improved quality of life. They can assist with household chores, provide companionship, and even offer healthcare support. Similarly, domestic robots focus on specific tasks within the home environment, such as cleaning, gardening, or security monitoring. The rising adoption of automation and smart home technologies, combined with the expanding range of functionalities provided by personal and domestic robots, is fueling the growing demand for these products. As consumers increasingly recognize the benefits and value that these robots bring, their popularity is expected to skyrocket, establishing them as the segment with the highest growth potential in the market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agriculture application to grow at the highest CAGR during forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • As the global population continues to increase and the importance of sustainable food production intensifies, the agriculture industry is actively seeking innovative solutions to enhance productivity and efficiency. Mobile robots offer significant potential to revolutionize farming practices by automating various tasks, including planting, harvesting, crop monitoring, and precision spraying. These robots excel in navigating challenging terrains, collecting real-time data, and executing operations with precision, thereby improving efficiency, reducing labor costs, and optimizing resource utilization. Moreover, mobile robots empower farmers to make data-driven decisions, boost productivity, and minimize environmental impact. The growing adoption of automation and robotics in agriculture, combined with the demand for advanced farming techniques, fuels the market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific is expected to grow at the highest CAGR in the mobile robots market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific region is projected to experience significant growth in the field of mobile robots. Industries in the region are actively seeking automation solutions to improve efficiency and reduce production costs. Countries like Japan, South Korea, and China have made notable technological advancements, contributing to the development of sophisticated robotics technologies that have made mobile robots more accessible and practical. Moreover, the Asia Pacific region faces challenges related to an aging workforce and increasing labor costs, which have further amplified the appeal of utilizing mobile robots for repetitive and physically demanding tasks. Additionally, the growth of e-commerce and logistics industries has created a surge in demand for automation in warehousing and last-mile deliveries across the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In April 2023, ABB transformed AMR performance with launch of Visual simultaneous localization and mapping (SLAM) Technology, this AI-enabled navigation technology allows AMRs to make intelligent decisions in dynamic and challenging environments.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In March 2023, KUKA introduces an upgraded version of its KMP 600-S diffDrive, extending the company's range of mobile platforms. The KUKA KMP 600-S diffDrive mobile platform presents an advanced automated guided vehicle system, offering high-speed capabilities for production intralogistics.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In July 2022, LG Mobile Industrial Robots announced a collaboration with Modula for advance warehouse automation, and delivering a fully autonomous storage, picking and material handling solution.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Type
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Professional Robots
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Personal & Domestic Robots
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agricultural
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cleaning
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Educational
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Warehousing & Logistics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • US
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KUKA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ABB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Honda Motor
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mobile Industrial Robots
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Omron Automation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

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.

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FAQs

The global market for Mobile Robots was estimated to be valued at US$ XX Mn in 2021.

The global Mobile Robots Market is estimated to grow at a CAGR of XX% by 2028.

The global Mobile Robots Market is segmented on the basis of Type, Application, Region.

Based on region, the global Mobile Robots Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Mobile Robots Market are mobile robots market size is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The growing demand for mobile robots in healthcare and personal applications, coupled with rapid advancements in robotics and artificial intelligence technologies, is contributing to this market growth. , Mobile Robots Market Trends , Driver: Increasing adoption of mobile robots for healthcare and personal use , Robotics has witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. These technologies have been well adopted by several market players to introduce advanced products and gain a competitive edge in the mobile robots market. For instance, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning. Similarly, Blue Frog Robotics (France) offers Buddy, a companion robot designed using AI. Mobile robots are increasingly being integrated into households to perform tasks such as cleaning, home security, and entertainment. With the advancements in artificial intelligence and robotics, these robots are becoming smarter, more intuitive, and capable of adapting to human environments. The growing adoption of mobile robots for personal use is driven by the desire for time-saving solutions, improved productivity, and enhanced lifestyle experiences. , Restraint: Limited adaptability of mobile robots to unstructured environments , Till date, robots have performed successfully in manipulated and controlled environments, such as manufacturing factories and process industries. With mobile robots applications in various fields, such as mining, logistics, and medical, there is a growing need for technically advanced robots to perform complex tasks. Therefore, there is a need to develop hardware (arms and hands), and force and vision sensors to make robots interact with the environment with tactile manipulation as humans do. In the real world, the human environment has various challenging activities, which are beyond the control of robots that are currently manufactured. Researchers are studying various approaches to overcome the limitation of robot manipulation in the real world. Mobile robots often struggle with the limited adaptability in unstructured environments due to challenges in perception, navigation, and manipulation. Unstructured environments pose difficulties for robots in accurately perceiving and sensing the surroundings, especially when dealing with varying terrains, unpredictable obstacles, and changing lighting conditions. , Opportunity: Adoption of industry 4.0 technologies in warehousing and industrial automation , The Mobile Robots market has a significant opportunity as Industry 4.0 technologies are adopted in warehousing and industrial automation. Industry 4.0 involves the integration of digital technologies, data connectivity, and automation into industrial processes. As businesses strive for improved efficiency, productivity, and agility, they are increasingly relying on mobile robots as a crucial element of their digital transformation initiatives. Mobile robots play a vital role in facilitating intelligent and interconnected warehouses by automating tasks such as material handling, picking, and logistics operations. They can seamlessly integrate with other Industry 4.0 technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) systems, enabling real-time data exchange, advanced analytics, and intelligent decision-making. The adoption of Industry 4.0 technologies in warehousing and industrial automation not only enhances operational efficiency but also improves inventory accuracy, reduces errors, and enables predictive maintenance. With the growth of e-commerce and the increasing complexity of supply chains, there is a growing demand for mobile robots in these sectors. Mobile robots offer scalability, flexibility, and adaptability, making them an asset in the ever-changing landscape of Industry 4.0. As businesses continue to invest in digital transformation and automation, the Mobile Robots market can provide innovative and advanced solutions that align with the demands of Industry 4.0. , Challenge: Integration of mobile robots with existing system , The Mobile Robots market faces a significant challenge when it comes to integrating mobile robots with existing systems. Numerous industries already have established systems, processes, and infrastructure in place, making it complex to achieve a seamless integration of mobile robots. Challenges such as compatibility issues, interoperability issues, and the need for system reconfiguration can impede the integration process. Mobile robots often need to interface with different components like enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies. Ensuring smooth data exchange, communication protocols, and synchronization with existing systems requires careful planning, technical expertise, and coordination among various stakeholders. The integration challenges can lead to delays, increased costs, and disruptions to operations. To overcome these challenges, collaboration between mobile robot manufacturers, system integrators, and end-users is essential. This collaboration can involve the development of standardized interfaces, the establishment of clear integration protocols, and the provision of comprehensive support to enable seamless integration. By addressing the integration challenge, the Mobile Robots market can enhance its value proposition, drive adoption, and facilitate the efficient deployment of mobile robot solutions across diverse industries. , Mobile Robots Market: Key Trends , KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US) are the top players in the mobile robots market. These mobile robot companies boast robotics trends with a comprehensive product portfolio and solid geographic footprint. , Personal & Domestic Robots type to grow at the highest CAGR during 2023-2028. , The market for personal and domestic robots is expected to grow due to advancing technology and increased affordability of robotic solutions that can enhance the day-to-day life of the consumer. Personal robots, including robotic assistants, companions, and entertainment devices, offer convenience, efficiency, and an improved quality of life. They can assist with household chores, provide companionship, and even offer healthcare support. Similarly, domestic robots focus on specific tasks within the home environment, such as cleaning, gardening, or security monitoring. The rising adoption of automation and smart home technologies, combined with the expanding range of functionalities provided by personal and domestic robots, is fueling the growing demand for these products. As consumers increasingly recognize the benefits and value that these robots bring, their popularity is expected to skyrocket, establishing them as the segment with the highest growth potential in the market. , Agriculture application to grow at the highest CAGR during forecast period. , As the global population continues to increase and the importance of sustainable food production intensifies, the agriculture industry is actively seeking innovative solutions to enhance productivity and efficiency. Mobile robots offer significant potential to revolutionize farming practices by automating various tasks, including planting, harvesting, crop monitoring, and precision spraying. These robots excel in navigating challenging terrains, collecting real-time data, and executing operations with precision, thereby improving efficiency, reducing labor costs, and optimizing resource utilization. Moreover, mobile robots empower farmers to make data-driven decisions, boost productivity, and minimize environmental impact. The growing adoption of automation and robotics in agriculture, combined with the demand for advanced farming techniques, fuels the market growth. , Asia Pacific is expected to grow at the highest CAGR in the mobile robots market during the forecast period. , Asia Pacific region is projected to experience significant growth in the field of mobile robots. Industries in the region are actively seeking automation solutions to improve efficiency and reduce production costs. Countries like Japan, South Korea, and China have made notable technological advancements, contributing to the development of sophisticated robotics technologies that have made mobile robots more accessible and practical. Moreover, the Asia Pacific region faces challenges related to an aging workforce and increasing labor costs, which have further amplified the appeal of utilizing mobile robots for repetitive and physically demanding tasks. Additionally, the growth of e-commerce and logistics industries has created a surge in demand for automation in warehousing and last-mile deliveries across the region. , Recent Developments , In April 2023, ABB transformed AMR performance with launch of Visual simultaneous localization and mapping (SLAM) Technology, this AI-enabled navigation technology allows AMRs to make intelligent decisions in dynamic and challenging environments. , In March 2023, KUKA introduces an upgraded version of its KMP 600-S diffDrive, extending the company's range of mobile platforms. The KUKA KMP 600-S diffDrive mobile platform presents an advanced automated guided vehicle system, offering high-speed capabilities for production intralogistics. , In July 2022, LG Mobile Industrial Robots announced a collaboration with Modula for advance warehouse automation, and delivering a fully autonomous storage, picking and material handling solution. , KEY MARKET SEGMENTS , By Type , Professional Robots , Personal & Domestic Robots , By Application , Agricultural , Cleaning , Educational , Healthcare , Manufacturing , Warehousing & Logistics , Others , By Region , North America , US , Canada , Mexico , Europe , Germany , UK , France , Rest of Europe , Asia Pacific , China , Japan , South Korea , Rest of Asia Pacific , Rest of the World , Middle East & Africa , South America, KEY MARKET PLAYERS , KUKA , ABB , Honda Motor , Mobile Industrial Robots , Omron Automation.

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