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According to a new report by Next Move Strategy Consulting, the global mobile robotics market will generate USD 117.89 billion by 2027.

mobile robot market

According to a recent Emergen Research study, the global Mobile Robot Market will be worth USD 117.89 billion by 2027. This market’s expansion can be attributed to the increasing use of mobile robots in manufacturing plants. Over the forecast period, the adoption of intelligent technologies such as artificial intelligence, deep learning, and mobile robotics drives the growth of the mobile robot market. The growing demand for automation and self-optimization of factory machinery to achieve increased productivity and operational efficiency is expected to drive mobile robotics market growth. Manufacturing plants are increasingly implementing autonomous mobile robots to ensure worker safety, reduce human resources, and operational and manufacturing costs, and eliminate human errors.

The research methodology used to estimate and forecast the mobile robotics market begins with collecting revenue data from the market’s key vendors through secondary research. This study makes extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the market’s technical, market-oriented, and commercial study. Vendor offerings were also taken into account when segmenting the mobile robotics market. The study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations comprise the entire research methodology.

Following the estimation processes described above, the overall market size was divided into several segments and subsegments. Data triangulation and mobile robotics market breakdown procedures have been used wherever applicable to complete the overall mobile robotics market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by researching various factors and trends from both the demand and supply sides in domestic; entertainment, education, and personal; logistics; medical; and military applications.

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Some Key Highlights from the Report

Northrop Grumman and Carnegie Mellon University (CMU) formally signed a master research agreement (MRA) in October 2019 to help foster innovation between the two organizations.

In 2019, the Unmanned Ground Vehicles segment had the largest market share of 40.2%. The increasing use of Unmanned Grhaveound Vehicles in military and defense applications is expected to drive the segment’s growth.

Over the forecast period, the domestic segment is expected to grow at the fastest CAGR of 24.8%. The use of Artificial Intelligence (AI) and the Internet of Things (IoT) have advanced mobile robot technology and increased their use for domestic purposes.

Northrop Grumman, Kuka, iRobot, Honda Motor, Softbank Group, Kongsberg Maritime, DJI, Bluefin Robotics Corporation, Samsung Electronics, and Lockheed Martin are among the key participants.

Emergen Research has segmented the global mobile robotics Market based on Product, Application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Unmanned Aerial Vehicles (UAVs)
  • Unmanned Ground Vehicles (UGVs)
  • Unmanned Surface Vehicles (USVs)
  • Autonomous Underwater Vehicles (AUVs)

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Warehouse & Logistics
  • Defense & Security
  • Energy & Power
  • Mining and Minerals
  • Automotive
  • Entertainment, Education, and Personnel
  • Domestic
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. the U.S.
    2. Canada
  • Europe
    1. Germany
    2. the UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • the Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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