According to a new market research report on the “Mobile Robots Market by Environment (Aerial, Ground, and Marine), Component (Hardware and Software), Application (Professional Service and Personal Service), and Geography (North America, Europe, Asia-Pacific, and the RoW) - Global Forecast to 2020”,the mobile robots market is expected to grow at a CAGR of 16.31% between 2015 and 2020, and reach USD 10,605.4 Million by 2020.
Browse 84 market data tables and 66 figures spread through 164 pages and in-depth TOC on “Mobile Robots Market - Global Forecast to 2020 "
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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. The professional service sector constituted the largest application for the mobile robots market in 2014 and it is expected to continue to grow at a significant rate because of the increasing applications, such as logistics, inspection & maintenance, telepresence, and field robots across the globe. In the personal service application segment, the market for mobile robots is expected to be driven by the increase in the adoption of robots from applications in educational institutions, domestic tasks, and robotic pets.
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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. However, the market is expected to grow at an estimated CAGR of 16.31% between 2015 and 2020.
North America was the largest market for the mobile robots in 2014 with a share of 49.19%. However, the Asia-Pacific market is expected to be the fastest-growing mobile robotics market, followed by the European market which is also among the major regions that plays a significant role in the growth of the mobile robots market during the forecast period. The growth of the market in North America is expected to be largely driven by the U.S., which accounted for 76.45% of the total North American mobile robots market in 2014. The Asia-Pacific market is expected to be driven by its key markets such as Japan, China, South Korea, and India. The market would also be fuelled by the increase in focus of the major global mobile robots vendors to expand their product and service offerings in the Asia-Pacific region, as this region is expected to witness a significant growth in terms of the adoption of mobile robots over the next decade.
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The report describes the market dynamics that include the key drivers, restraints, challenges, and opportunities with respect to the mobile robots market and it forecasts the market till 2020. This global report provides a detailed view of the mobile robots market across environments, components, applications, and geographies. The report also profiles the prominent players in the mobile robots market along with their key growth strategies. The competitive landscape of the market analyses a large number of players with their market share. The market is witnessing numerous collaborations and partnerships across the value chain, to cater to various industries in different geographies.
The major companies in the global mobile robots market that have been included in this 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), and Honda Motor Co., Ltd. (Japan), and others.
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