Cookie Consent

Our website uses cookies to provide your browsing experience and relavent informations.Before continuing to use our website, you agree & accept of our Cookie Policy & Privacy

APAC: +919373948803 | US: +1(682)559-7131

Semiconductor and Electronics

google-translate

The global Mobile Robotics Market was valued at US$ 15.3 billion in 2023 and is expected to reach US$ 133.4 billion by 2031, growing at a CAGR of 24.5% from 2023 to 2031.


Market Overview:

Mobile robotics has become growingly popular in the economy made possible due to the advancement of artificial intelligence (AI), machine learning, and sensor technologies. Mobile playback robots are now becoming increasingly present in plans for logistics, health, agriculture, and manufacturing industries that develop applications of AI and machine-learning robot technologies for automatic or semi-automatic task execution. A growing amount is expected for this market due to the increasing interest in automation, cost-cutting, and increased production that many companies most likely have in mind.

Some of those include an improvement in the operational efficiency that can be gained from the use of mobile robots as well as the reduction of human labor costs and improved accuracy as well as safety. In logistics, one of the examples of application of autonomous mobile robots (AMRs) is in the area of material handling, warehouse automation, and delivery. It helps businesses in integrating supply chains. Other applications bring to health, such as drug delivery and patient monitoring; these robots greatly improve the workflows in hospitals and enhance the patients' care delivered to them.

From the mobile robotics market perspective, it serves as an answer to labor shortage, process optimization, and transition to Industry 4.0. Building mobile robots into processes must raise output as well as speed of service while minimizing any human errors. It could also be in hazardous or untenable environments for humans, such as toxic areas or extreme temperature environments, into which they can operate.

With future innovations and the increase of adopted automation through industries, the mobile robotics market has the potential to transform business operations at a global level. Its promise of very industry-changing features usually causes it to feature at the top of growth and investments promising industries.

Market Dynamics:

Drivers:

  1. Labor Shortages: Industries facing skilled labor shortages, especially in sectors like manufacturing and warehousing, are increasingly turning to mobile robots to bridge the gap and maintain operational efficiency.
  2. Safety and Precision Needs: Mobile robots reduce the risk of human errors, particularly in hazardous environments, and improve precision in tasks such as material handling, medical procedures, and inspections.

Restraints:

  1. High Initial Investment Costs: The cost of developing and deploying mobile robots can be prohibitively high, especially for small and medium enterprises, limiting their widespread adoption.
  2. Complex Integration: The integration of mobile robots into existing infrastructure and workflows can be complex, requiring significant time, resources, and technical expertise.

Opportunities:

  1. Healthcare Applications: Mobile robotics offers significant potential in healthcare for applications like telemedicine, patient care, and surgical assistance, driving demand for specialized robots in hospitals and clinics.
  2. Expanding into New Sectors: Mobile robotics has the potential to disrupt sectors such as retail, construction, and logistics, offering opportunities for new use cases and innovations.

Challenges:

  1. Regulatory and Ethical Issues: As mobile robots become more autonomous, concerns about safety, privacy, and job displacement arise, necessitating the development of robust regulatory frameworks.
  2. Security Risks: The increased reliance on mobile robots connected to networks makes them vulnerable to cyberattacks, requiring enhanced cybersecurity measures.

Mobile robotics market

Key Players:

  • iRobot Corporation
  • UBTECH Robotics
  • Lockheed Martin Corporation
  • Honda Motor Co.
  • Amazon Robotics
  • SoftBank Robotics Holdings
  • Kuka AG.
  • Boston Dynamics
  • Northrop Grumman Corporation
  • Kongsberg Maritime AS

Market Segmentation:

By Type

  • Autonomous Mobile Robots (AMRs)
  • Automated Guided Vehicles (AGVs)

By Application

  • Logistics & Warehousing
  • Healthcare
  • Manufacturing
  • Agriculture
  • Military & Defense
  • Retail

By End-User Industry

  • Automotive
  • E-commerce
  • Food & Beverage
  • Pharmaceuticals
  • Electronics

By Component

  • Hardware
  • Software
  • Services

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East

Covid 19 Analysis:

The pandemic has effectively led to the downside development of the mobile robotics market. On the other hand, in certain areas, it was growing faster. At the onset of the pandemic, limiting supply chains, factories being shut down, and less capacity production all resulted in delays regarding robot manufacturing and deployment. The importance of automating functions while lockdowns were put in place and minimizing human-to-human contact was highlighted, as was a catalyst because of the increase in popularity.

Mobile robots have been key to operations in logistics, healthcare, and retail. For example, autonomous mobile robots perform noncontact deliver, disinfect spaces, and manage inventory in some organizations, helping to cater to both the labor shortage and health concerns. This was the key reason boosting demand for robots that minimize the scope of human-to-human interaction and ensure safety in high-risk environments.

This also meant a paradigm shift for most companies to think of mobility as a long-term solution for better resilience against disruptions in business. Mobile robotics adoption accelerated to recoup damage and better prepare for the next disaster. Thus, the driving factor for changing innovation and investment in mobile robotics was by the progressing pandemic.

Regional Analysis:

North America: North America accounts for a sizeable stake in the mobile robotics market with technological advancements and the high penetration of automation in industries. The most important place is the United States, which is home to robotics companies and invests heavily in developing robotics. The demand for mobile robots in logistics, healthcare, and manufacturing continues to grow, even accelerated by the increasing operational efficiency requirements and labor loss solutions. The technology infrastructure in the region also supports the implementation of advanced mobile robots.

Europe: Europe is the other key place for mobile robotics, which saw countries like Germany and the UK, along with France, leading the way to the worldwide adoption of automation. The overall focus of Industry 4.0 and a very well-developed manufacturing sector have created an essential demand for mobile robots in the region. Because there's a powerhouse in manufacturing, Germany recorded very fast applications of mobile robotics in production lines and warehouses. There has also been the growing demand for mobile robots because of Europe's commitment to sustainability and automation in agriculture, among other sectors.

Asia-Pacific: The Asia-Pacific is now growing rapidly in the mobile robotics market in countries such as China, Japan, and South Korea. The driving factors for widespread adoption of mobile robots in logistics and warehousing in China include the burgeoning e-commerce sector and government's support toward automating various worksites. Japan and South Korea are also strongholds when it comes to robotics, especially in industries such as electronics and automotive, besides being quite potent in manufacturing and healthcare.

Rest of the World: The middle east, Latin America, and Africa are rather new to the emerging markets for mobile robotics as early adopters.

Key trends:

  1. Increased Adoption in Warehousing and Logistics: The usage of mobile robots, specifically Autonomous Mobile Robots (AMRs), is always on the rise in warehouses and distribution centers. The robots contribute significantly to streamlining material handling operations, inventory management, and goods transport, thus improving efficiency and lowering labor costs.
  2. Collaborative Robots (Cobots): The advent of collaborative robots is changing areas like manufacturing and healthcare. It's a robot designed to work alongside human operators, improving the interaction between the two entities while delivering better flexibility and safety in shared workspaces.
  3. Robotics as a Service (RaaS): Subscription or as-a-service offerings of portable robots are gaining ground in the coming years. RaaS seems to be paving the way for businesses, particularly for small and medium-sized enterprises, that would find this initial investment barrier too high, to take on advanced robotics technology without having to put a heavy upfront cost.
  4. Focus on Healthcare Applications: Mobile robots have been increasingly used for monitoring patients, delivering medications, and decontaminating areas. The trend has grown much faster, however, since after the COVID-19 pandemic when there was heightened demand for the automation of healthcare settings.

Scope of the Report

Details

Study Period

2021–2031

Base Year Considered

2023

Forecast Period

2024–2031

CAGR Value

 24.5%

Forecast Market Size

 US$ 133.4 billion

Segments Covered

Type, Application, End-User Industry, Component, and Region

Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

· iRobot Corporation

· UBTECH Robotics

· Inc.

· Lockheed Martin Corporation

· Honda Motor Co.

· Ltd.

· Amazon Robotics

· SoftBank Robotics Holdings

· Kuka AG.

· Boston Dynamics

· Northrop Grumman Corporation

· Kongsberg Maritime AS

Methodology
Dynamic Market Insights is a leading market research company that follows a comprehensive and meticulous approach in conducting research. Our research process is divided into four major stages, each playing a crucial role in delivering accurate and insightful market intelligence.

Understanding Your Business Model:
We'll begin by delving deep into your business model, ensuring we understand your industry's nuances, market position, and strategic goals.

Research Process:
Our systematic process includes problem definition, literature review, research design, data collection, analysis, interpretation, and reporting.

1. Data Collection
a) Primary Research:
- The primary research stage involves the direct interaction with industry experts, stakeholders, and target audience through interviews, surveys, and focus group discussions. This step allows us to gather firsthand information, insights, and opinions directly from the key players in the market.
- By conducting primary research, we ensure that our findings are up-to-date, accurate, and reflective of the current market sentiments. This stage also enables us to validate and complement the data obtained from secondary sources.

b) Secondary Research:
- In this initial stage, we gather a wide range of data from various secondary sources, including industry reports, market publications, government databases, and reputable online sources. This step helps us build a foundation of knowledge about the market, its trends, and key players.
- The data collected at this stage provides a comprehensive overview of the industry landscape, enabling us to identify key variables and factors that influence market dynamics.

2. Sampling Strategy:
We Define the target population and employ a sampling strategy that ensures the representation of key segments within the market.
- Sampling Technique: Choose between random, stratified, or purposive sampling.
- Sample Size: Justify the size based on statistical significance and resource constraints.

3. Data Analysis:
- Following the collection of both secondary and primary data, our team of skilled analysts employs advanced statistical and analytical tools to process and analyze the gathered information. This stage involves identifying patterns, trends, correlations, and key market drivers that influence the industry.
- Our data analysis goes beyond mere numerical interpretation; we provide a qualitative assessment that adds depth to understanding market dynamics. This stage is pivotal in transforming raw data into actionable insights for our clients.

a) Quantitative Analysis:
We will employ a structured approach, utilizing surveys and statistical tools to gather and interpret numerical data. A meticulously designed questionnaire will be distributed to a representative sample, ensuring a broad spectrum of responses. Statistical methods will be applied to identify patterns, correlations, and trends, including regression analysis and data visualization. The quantitative analysis will provide an overview of market trends, customer preferences, and key metrics.

b) Qualitative Analysis:
Our qualitative analysis will involve a nuanced exploration of non-numerical data, capturing rich insights into attitudes, opinions, and behaviors. In-depth interviews and focus group discussions will be conducted to gather qualitative data. Thematic coding and content analysis techniques will be applied to categorize and interpret qualitative information systematically. This approach aims to uncover underlying motivations, perceptions, and contextual factors that may not be apparent through quantitative methods. The qualitative analysis will add depth and context to the research findings, offering a comprehensive understanding of the market landscape.

4. Market Sizing
We Determine the total addressable market (TAM) by evaluating the potential demand for the product or service within the target market.

5. Data Procurement Techniques:
We'll employ various methods such as surveys, interviews, focus groups, and a thorough review of existing data sources to ensure a well-rounded dataset.

6. Data Modeling Techniques:
Utilizing advanced statistical methods like regression analysis and data visualization to derive valuable insights from both qualitative and quantitative data.

7. Development:
- PESTEL Analysis: Scrutinizing macro-environmental factors impacting your industry.
- SWOT Analysis: Evaluating internal strengths, weaknesses, and external opportunities and threats.
- Porter's Five Forces: Assessing industry competitiveness.

8. Validation and Calibration:
DMI Validate findings through expert consultations and calibration against multiple data sources to enhance the reliability of estimates.

9. Final Result:
- R-Value: Calculating correlation coefficients to measure relationships in quantitative data.
- T-Value: Conducting statistical tests to gauge the significance of variables.
- Comprehensive Analysis: Delivering a detailed report merging qualitative and quantitative findings with actionable insights and strategic recommendations aligned with your business goals.