Mobile Robots Market

Mobile Robots Market

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Mobile Robots Market by Operating Environment (Aerial, Ground, and Marine), Component (Control System, Sensors), Type (Professional and Personal & Domestic Robots), Application (Domestic, Military, Logistics, Field), and Geography - Global Forecast 2023.

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Mobile Robots Market by Operating Environment (Aerial, Ground, and Marine), Component (Control System, Sensors), Type (Professional and Personal & Domestic Robots), Application (Domestic, Military, Logistics, Field), and Geography - Global Forecast 2023.

[158 Pages Report] The mobile robots market is expected to grow from USD 18.7 billion in 2018 to USD 54.1 billion by 2023, at a CAGR of 23.71% during the forecast period. The study involved 4 major activities in estimating the current size of the mobile robots market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.


Secondary Research

The research methodology used to estimate and forecast the mobile robots market begins with capturing data on revenues of the key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the mobile robots market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The mobile robots market comprises several stakeholders, such as suppliers, system integrators, suppliers of standard components, and original equipment manufacturers (OEMs) in the supply chain. The demand side of this market is characterized by the development of domestic; entertainment, education, and personal; logistics; medical; and military among other applications. The supply side is characterized by advancements in types of mobile robot and diverse applications. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.


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Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the mobile robots market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both demand and supply sides in the domestic; entertainment, education, and personal; logistics; medical; and military applications.

Report Objectives

  • To define, describe, and forecast the mobile robots market, in terms of value, segmented on the basis of type, operating environment, component, application, and region

  • To define, describe, and forecast the mobile robots market for type and application in terms of volume

  • To forecast the market size, in terms of value, for application segment with regard to 4 main regions:  North America, Europe, Asia Pacific (APAC), and RoW

  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

  • To provide a detailed overview of the value chain pertaining to the mobile robots market

  • To strategically analyze the micromarkets with respect to the individual growth trends, future prospects, and contribution to the total market

  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the mobile robots market

Scope of the Report:

Report Metric

Details

Market size available for years

2015–2023

Base year

2017

Forecast period

2018–2023

Units

Value (USD) and Volume (Units)

Segments covered

Type, Operating Environment, Component, Application, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Northrop Grumman (US), Honda Motor (Japan), Softbank (Japan), iRobot (US), DJI (China), Lockheed Martin (US), Kongsberg Maritime (Norway), KUKA (Germany), Bluefin Robotics (US), Samsung Electronics (South Korea), Parrot (France), 3DR (US), GeckoSystems (US), LG (South Korea), Amazon Robotics (US), Mayfield Robotics (US), Promobot (Russia), Bluefrog Robotics (France), LEGO (Denmark), and ECA Group (France).

This report categorizes the mobile robots market based on type, operating environment, component, application, and region.

Mobile Robots Market, by Type:

  • Personal and Domestic

  • Professional

Mobile Robots Market, by Operating Environment:

  • Aerial

  • Ground

  • Marine

Mobile Robots Market, by Component:

  • Hardware

  • Sensors

  • Actuators

  • Power Supply

  • Control System

  • Others (electrical, electronic, and mechanical components)

  • Software

Mobile Robots Market, by Application:

  • Domestic

  • Entertainment, Education, and Personal

  • Logistic

  • Military

  • Public Relations and Inspection

  • Human Exoskeleton

  • Field

  • Medical

  • Construction and Demolition

Mobile Robots Market, by Region:

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Rest of Europe

  • APAC

    • China

    • Japan

    • India

    • South Korea

    • Rest of APAC

  • RoW

    • Middle East & Africa

    • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company


The mobile robots market is expected to grow from USD 18.7 billion in 2018 to USD 54.1 billion by 2023, at a CAGR of 23.71% during the forecast period. The high adoption of robots for personal uses, such as companionship and entertainment, is the key factor driving the growth of the mobile robots market. Increasing demand for automated ground vehicles (AGVs) of warehouse automation is another driving factor for the market.

Professional robots to hold largest share of mobile robots market in 2018

The adoption of professional robots for medical applications, such as laboratory automation and surgery assistance is one of the key factor driving the market. However, warehouse automation is a recent trend observed in the industry and AGVs play a very vital role in the warehouse automation process. Apart from this, the robots help the logistic companies in attaining short- to medium-term payback period and provide higher return on investment (ROI).

Domestic applications to contribute a significant share to mobile robots market in 2018

The development of artificial intelligence and IoT has given a new dimension of how robots can interact and work with humans. Also, the development and evolution of MEMS and sensors, and enhancements in visualization technology have improved the efficiency and accuracy of mobile robots. The growth of the mobile robot market for domestic applications is led by innovation and modernization in the field of robotics. Technological advancements and research activities have led to the development of domestic cleaning robots, which are helping humans to perform mundane tasks.

Mobile robots market for control systems to grow at highest CAGR during forecast period

Controller or control system is the main device used in any type of robotic system. Every robot must have a control system to operate its drive system, which is used to move the arm, wrist, and body of a robot, and hence it is also known as the central processing unit (CPU) or processor or the brain of robots. Further, with integration of technologies such as artificial intelligence (AI) and IoT put forth a need for optimized control systems for robots. Hence, the growth of the market for control systems can also be attributed to the evolution of autonomous robots and AI integrated robots worldwide.


Market in APAC is expected to grow at a significant rate during 2018–2023

Significant development of information technology ecosystem and well-established and robust consumer base in China and neighboring countries are some of the major factors driving the growth of the mobile robots market in APAC. Apart from this high rate of penetration rate of e-commerce giants, such as Amazon, Walmart, and Alibaba, in the region puts forth the need of AGVs for warehouse automation. Further, owing to the increasing government exemptions for operating commercial drones is contributing to the significant growth of the mobile robots market in APAC.

Key Market Players

A few major companies in the mobile robots market are Northrop Grumman (US), Honda Motor (Japan), Softbank (Japan), iRobot (US), DJI (China), Lockheed Martin (US), Kongsberg Maritime (Norway), KUKA (Germany), Bluefin Robotics (US), Samsung Electronics (South Korea), Parrot (France), 3DR (US), GeckoSystems (US), LG (South Korea), Amazon Robotics (US), Mayfield Robotics (US), Promobot (Russia), Bluefrog Robotics (France), LEGO (Denmark), and ECA Group (France). Apart from these, Robotiq (Canada) is one of the key suppliers in the mobile robots market.

KUKA is among the leading suppliers of robots worldwide. KUKA operates in a dynamic environment driven by innovation. It fosters its growth through the expansion of KUKA’s innovative and technological leadership, and diversification of activities into new markets and regions. It has gained access to new markets and has further expanded its general business. It has also gained entry to the sales and service market in China. With the purchase of Swisslog, the company gained access to future markets such as warehouse logistics and healthcare.

Recent Developments

  • In July 2018, Softbank and Lippo Group's PT Link Net Tbk. ("Link Net") (Japan) signed an agreement to collaboratively develop Internet of Things (IoT) platforms to be deployed in various cities of Japan.

  • In June 2018, Northrop Grumman opened a new facility in Illinois, US. The expansion is expected to help Northrop Grumman to better serve their customers in support of national security.

  • In January 2018, Honda launched 3E-A18 (Empower, Experience, Empathy) Robotics Concept at CES 2018. Honda has applied AI to its 3E-A18 device, which enables the robot to communicate and cooperate with people.

Key questions addressed by the report

  • How big is the opportunity for AI within service robots? How integration of machine learning would help mobile robot OEMs to achieve complete automatization and improve human-to-machine (H2M) interaction to grasp this USD 50 billion opportunity?

  • Which are the top use cases for mobile robot OEMs where AI can be implemented to generate revenue streams through new markets such as smart retail systems, precision farming, and smart robots? Which machine learning precision algorithms are best suited for different scenarios?

  • How can on-board data computing and efficient parallel computing propel the mobile robots market to USD 50 billion opportunity by 2030? Which companies are front runners?

  • With the rise in demand for robots from myriad of service industries, we expect a disruption in the market between 2020 and 2030 (opportunity for more than USD 100 billion by 2030) due to integration of machine vision, machine to machine (M2M) communication devices, and 3D depth sensors, what are the opportunities for players now and for those planning to enter various stages of the value chain?

  • Google, Microsoft, and Apple have been aggressive in acquiring personal robot OEM start-ups, how will this impact the growth rate of the mobile robots market and who will have the un-due advantage?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst