Wednesday, January 11, 2017

According To Research, "Mobile Robots Market" worth 10,605.4 Million USD by 2020

What is Mobile Robots?

Mobile robots are robotic systems which usually have a movable platform to perform various tasks as per the application. These robots are of a great help to humans in applications where people cannot go or perform. Many mobile robots, especially in the professional applications have artificial intelligence that helps it achieve mobility mainly through navigation and sensors.

Mobile robots are designed to carry out their operation with or without direct human intervention. They perform their tasks (mostly) independently and can work along with humans in various applications, such as defense, rescue, & safety, agriculture & forestry, underwater, logistics, domestic applications, education and research, healthcare, entertainment, and others.

The demand for mobile robots has been increasing at a considerable rate with the increasing need for robots to carry out several functions in various applications across the globe. However, the market faces various challenges due to the safety and high cost of mobile robots.

According to the latest research, the global mobile robots market was valued at USD 4,438.9 Million in 2014 and it is expected to reach USD 10,605.4 Million by 2020, at an estimated CAGR of 16.31% between 2015 and 2020. 

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This report profiles the major players which are active in the mobile robots market. It also comprises the competitive landscape of the main players including the key growth strategies and market share analysis of the same. The key players profiled in the report are iRobot Corporation (U.S.), Kuka AG (Germany), Amazon.Com, Inc. (U.S.), Google, Inc. (U.S.), Bluefin Robotics Corporation (U.S.), Adept Technology, Inc. (U.S.), GeckoSystems Intl. Corp. (U.S.), Northrop Grumman Corporation (U.S.), ECA Group (France), Honda Motor Co., Ltd. (Japan), and others.

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The North American region currently accounts for the highest market share, due to the well-established market and increasing adoption rate of mobile robots in various applications. However, the market is at a nascent stage of growth in the other parts of the world including Asia-Pacific, and RoW. The Asia-Pacific region is expected to witness the highest growth of the market during the forecast period, driven by the rising awareness about the benefits of mobile robots and the escalating demand from defense, manufacturing, healthcare, education, and personal assistance applications.

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