Technavio’s market research analysts estimate the global mobile robotics market will grow at a CAGR of around 12% between 2016 and 2020.
Mobile robots have become one of the fastest growing segments within the robotics industry, owing to their design and functionalities, the research firm said. The most common applications of mobile robots include inspection and surveillance, industrial cleaning, picking and dropping of goods or products from one area to other, and defense. Asia Pacific is the leading region in the mobile robotics market due to the increasing awareness and integration of robotics technology across countries in the region, and rising investments in the manufacturing and defense sectors
“Growing preference for online shopping has initiated the need for improving product delivery systems. This has encouraged the online retail and e-commerce companies to explore new and innovative ways of delivering products in the fastest possible way. Therefore, companies have started investing in unmanned aerial vehicles (UAVs, also called drones) for delivering products to customers," says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
The unmanned ground vehicle (UGV) segment dominates the market, accounting for nearly 50% of the total market share. The UGV market is driven by the augmented demand from the defense, industrial and healthcare sectors, warehouses, logistics, and oil and gas industries. Therefore, the growing trend of automating applications and activities within the end-user sectors will bolster the growth prospects of this segment by the end of 2020.
The leading vendors in the global mobile robotics market are Boeing, Israel Aerospace Industries, Lockheed Martin, Northrop Grumman, Oceaneering, OMRON Adept Technologies, and SAAB. The market has well-diversified international vendors.
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