Mobile Robots Market Worth $54.2 Billion By 2027 At A Growth Rate Of 20.0% - Industryarc

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One Of The Main Developments That Has A Positive Impact On The Global Mobile Robots Market is The Adoption Of Mobile Robots in The Agriculture Sector.

HYDERABAD, TELANGANA, INDIA, September 22, 2022 /EINPresswire.com / -- IndustryARC, in its latest report, predicts that The Mobile Robots Market is forecast to reach $54.2 billion by 2026, growing at a CAGR 20.0% from 2021 to 2026. Autonomous Mobile robot is an integration of artificial intelligence with physical robots, and has a locomotive feature, which ensures that they have the capacity to navigate around physically. They are powered by fleet management software and use sensors and other gears to identify and understand their surroundings. Global mobile robots market is driven by the need for low latency, fast computing, and less dependency on cloud-based AI for critical applications particularly In autonomous ground vehicles. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

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Key takeaways :

1. The global demand for mobile robots is powered by the need for low latency, fast computing and less dependency on cloud-based AI for critical applications.

2. Unmanned vehicles are often used in the defense sector to supply ammunition to troops during war conditions, to carry out emergency relief operations, and to detect and detonate explosives.

3. The growth of the mobile robot market for domestic applications is motivated by creativity and modernization in the field of robotics. Technological advances and research efforts have led to the creation of domestic cleaning robots, which enable humans to perform mundane tasks.

4. North America is expected to dominate the global autonomous Mobile Robots market during the forecast period.

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Segmental Analysis :

1. The autonomous Ground Vehicle segment is expected to grow at a higher CAGR of 24.1% during the forecast period. Unmanned vehicles are mostly used in the defense sector to provide ammunition to troops during combat situations, to carry out relief operations during disasters, and to track and detonate explosives.

2. The Domestic segment is expected to grow at a higher CAGR of 23.5% during the forecast period. The advancement of artificial intelligence and IoT has brought a new dimension on how robots can communicate and function with humans.

3. Demand for mobile robots is increasingly growing in the region due to factors such as increasing internal and external security risks associated with increased terrorist attacks and the increasing use of mobile robots for patrolling intruders or enemy forces.

Competitive Landscape :

The top 5 players in the Mobile Robots Industry are -

1. Aethon

2. Aviation Industry Corporation of China

3. Clearpath Robotics

4. General Atomics Aeronautical Systems

5. Softbank Robotics

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