Global Mobile Robotics Market Report and Forecast 2024-2032

Global Mobile Robotics Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global mobile robotics market is projected to grow at a CAGR of 17.5% between 2024 and 2032. Aided by the escalating demand for automation across various sectors and the vast potential of robotics in diverse applications, the market is expected to grow significantly by 2032.

Mobile robotics pertains to robots that possess the capability to move in a given environment and are not restricted to a fixed location. These robots are extensively used in numerous industries such as warehousing, medical, defense, and agriculture, amongst others. They play a crucial role in automating tasks, enhancing efficiency, and reducing human intervention in potentially hazardous operations. Equipped with sensors, AI modules, and software, these robots can navigate, adapt, and make decisions in real-time, based on their surroundings.

A prominent driver underpinning the mobile robotics market growth is the exponential rise in automation across varied industries. With advancements in AI and machine learning, robots are becoming increasingly adept at performing complex tasks. Their ability to function in intricate environments, from handling delicate items in warehouses to precision-based tasks in medical surgeries, amplifies their indispensability in modern industrial ecosystems.

Furthermore, the ongoing technological renaissance in the automotive industry, characterised by the push towards autonomous vehicles, is providing substantial momentum to the mobile robotics domain. As the race towards fully autonomous vehicles intensifies, the demand for robots capable of real-time decision-making, navigation, and interaction with human-driven vehicles surges, thus increasing the mobile robotics market share.

The defense and security sector is another major consumer of mobile robotics. In areas fraught with conflict or potential hazards, robots serve as the eyes and ears of armed forces, enabling reconnaissance, surveillance, and even controlled detonations without putting human lives in jeopardy. The advancements in drone technology, in particular, have revolutionised surveillance operations, influencing the mobile robotics market outlook.

Simultaneously, the agricultural sector, striving for higher yields and operational efficiency, is increasingly integrating mobile robots into its processes. From automated tractors to drones monitoring crop health, the fusion of robotics and agriculture promises enhanced productivity and resource optimisation.

Market Segmentation

The market can be divided based on operating environment, component, type, end-use, and region.

Market Breakup by Operating Environment

• Aerial
• Ground
• Marine

Market Breakup by Component

• Software
• Hardware

Market Breakup by Type

• Unmanned Ground Vehicle
• Unmanned Aerial Vehicle
• Autonomous Underwater Vehicle

Market Breakup by End-Use

• Logistics and Warehousing
• Military and Defense
• Healthcare
• Domestic
• Entertainment
• Education
• Agriculture and Forestry
• Others

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mobile robotics market. Some of the major players explored in the report by Expert Market Research are as follows:

• KUKA AG
• Northrop Grumman Corporation
• iRobot Corporation
• General Dynamics Mission Systems (Bluefin Robotics)
• SoftBank Corp.
• SZ DJI Technology Co., Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.