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Mobile Robots market Size and Growth Report
This growth is fueled by the demand for warehouse automation and autonomous systems in various industries, particularly in e-commerce and material handling.
AUSTIN, TX, UNITED STATES, December 6, 2024 /EINPresswire / -- Market Size &
industry Insights
As Per the SNS Insider,“The Mobile Robots Market was valued at USD 20.50 billion in 2023 and is anticipated to grow at a CAGR of 14.55% to reach USD 69.41 billion by 2032.”
The rising demand for mobile robots is increasing due to the growth of global e-commerce. Predictions suggest that the market will continue to grow due to factors such as the rise in warehouse automation and the widespread adoption of robots across different industries, as they can navigate challenging environments independently. The growing need for automation to improve efficiency and cut operational expenses is a key factor driving the market. Mobile robots are utilized in manufacturing and warehousing for tasks such as material handling, inventory management, and goods delivery, resulting in enhanced productivity and operational precision. In the field of logistics, robots are employed for final-mile delivery, providing quicker and more economical services in comparison to conventional methods.
Mobile robots play a key role in healthcare by aiding with patient transportation, cleaning hospital spaces, and enabling telehealth services. In agriculture, precision farming utilizes robots for activities like planting, weeding, and harvesting to enhance crop yields and cut down on labor expenses. Progress in technology, specifically in AI and machine vision, has increased the intelligence of mobile robots, enabling them to make instant decisions and engage with their surroundings. Furthermore, the inclusion of the Internet of Things (IoT) enables mobile robots to interact with other devices and systems, enhancing connectivity and productivity.
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SWOT Analysis of Key Players as follows:
Amazon Robotics (Amazon)
Softbank Robotics
Lockheed Martin Corporation
Northrop Grumman Corporation
Kuka Ag
Irobot Corporation
Kongsberg Maritime
Honda Motor CO. LTD.
UBTECH ROBOTICS INC
BOSTON DYNAMICS (SOFTBANK GROUP CORP.)
ABB
LG
Segment Analysis
By Type
Personal & Domestic Robots led the market in 2023 with a 55% share, driven by advancements in home automation and consumer robotics. These robots cater to everyday tasks, enhancing convenience and efficiency in households. As consumer awareness grows and the availability of cost-effective options increases, this segment is expected to witness steady growth, particularly in developed economies. Emerging trends such as smart home integration and the rising adoption of Internet of Things (IoT) technologies further amplify the potential of personal and domestic robots.
By Application
Agriculture dominated the application segment in 2023 with a 30% market share. The increasing adoption of autonomous solutions for precision farming, crop monitoring, and harvesting has significantly driven this growth. Autonomous robots are helping farmers optimize yields, reduce labor costs, and improve efficiency in agricultural operations, making them indispensable in modern farming practices. Other sectors, including healthcare, manufacturing, and warehousing & logistics, are also significant contributors to the market growth as mobile robots continue to be deployed to enhance operational efficiency and accuracy.
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KEY MARKET SEGMENTS:
By Type
Professional Robots
Personal & Domestic Robots
By Application
Agricultural
Cleaning
Educational
Healthcare
Manufacturing
Warehousing & Logistics
Others
Regional Insights
Europe held the largest market share in 2023 with a 28% market share. The region's established manufacturing sector drives demand for advanced material-handling robots, supported by a strong push for process automation. Companies like GXO Logistics and 6 River Systems are leveraging collaborative mobile robots (CMRs) for seamless logistics operations, reinforcing regional market growth.
Asia-Pacific is the fastest-growing region during 2024-2032, driven by the booming e-commerce sector and rising automation in emerging economies. Companies like Hai Robotics are pioneering warehouse automation, enabling efficient inventory management through autonomous mobile robots. The region's competitive landscape and demand for faster delivery times further accelerate adoption rates.
Recent Developments
-June 2024 - Boston Dynamics launched its new warehouse automation robot Stretch, designed for box handling.
-April 2023 - ABB launched Visual SLAM, leading to a notable enhancement in AMR efficiency. AI-powered navigation technology allows autonomous mobile robots to make intelligent decisions in challenging and intricate environments.
-2023 - Amazon introduced its new Titan mobile robot, with the ability to lift up to 2,500 lb. To effectively transport items between its distribution centers, the company uses a weight of 1,133.9 kilograms.
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Future Trends
-Integration with AI and Machine Learning: The continued development of artificial intelligence (AI) will enable mobile robots to improve their autonomy, decision-making, and efficiency. Expect robots to become more intelligent, adapting in real-time to complex environments.
-Expansion in Healthcare: Mobile robots will increasingly be used in healthcare for tasks such as patient assistance, delivery of medications, and sterilization, driven by the need for safer, more efficient operations.
-Growing Use in Urban Delivery: With the rise of last-mile delivery services, mobile robots will be deployed more frequently in urban environments to manage deliveries, improving delivery times and reducing human labor costs.
Table of Content - Major Points Analysis
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Mobile Robots Market Segmentation, by Type
Chapter 8. Mobile Robots Market Segmentation, by Application
Chapter 9. Regional Analysis
Chapter 10. Company Profiles
Chapter 11. Use Cases and Best Practices
Chapter 12. Conclusion
Continued...
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Akash Anand
SNS Insider Pvt. Ltd
415-230-0044
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