Global Mobile Robots Market Size, Share, Growth Analysis, By End-user(Defense and Security, Warehouse and Logistics), By Type(Goods-to-person Picking Robots, Self-driving Forklift) - Industry Forecast 2024-2031

Global 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% in the forecast period (2024-2031).

Increasing demand for mobile robots in healthcare and personal applications, along with rapid advancements in robotics contribute to the growth of this market. Robotics has witnessed a quantum boom with the introduction of technologies such as augmented reality, deep learning, artificial intelligence (AI) etc. The aging population and increasing number of nuclear families worldwide increases the demand for advanced technologies and virtual assistants such as companion robots. For example, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning.

Technological innovations such as AI, machine learning, computer vision and sensor technology have dramatically increased the capabilities of mobile robots. These advances have led to the development of sophisticated and efficient robots capable of performing a wide range of tasks in a variety of environments. Industries such as manufacturing, logistics, healthcare, security, agriculture and retail drive the demand for mobile robots. In manufacturing and logistics, mobile robots are used for material handling, warehouse automation and inventory management. In healthcare, it is used for services such as patient care, medication administration and disinfection. Companies are looking for mobile robots to cut costs and improve productivity, productivity and safety. Economic conditions such as GDP growth, investment in automation technology and labor costs play an important role in mobile robot adoption where labor costs are high.