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Global Mobile Robotics Market Forecast to Grow at 12.63% CAGR During 2014-2019

Reviewed

Jan 31 2015

Research and Markets has announced the addition of the "Global Mobile Robotics Market 2015-2019" report to their offering.

The Global Mobile Robotics market to grow at a CAGR of 12.63% over the period 2014-2019

A mobile robot is an automatic machine that is not fixed to one position. It is capable of moving in an environment for which it is designed. It can function autonomously or can be remotely controlled. Mobile robots have been deployed in the Aerospace and Defense industry for many years; however, now these robots are gaining popularity among industrial and commercial applications too.

One of the major trends in this market is the increased focus on R&D. The growing use of mobile robots in industrial and commercial applications is forcing vendors to invest more in R&D so that they can fulfil the requirements of end-users.

According to the report, one of the main drivers in the market is the increased demand from the aging population. The aging population in countries such as Japan and China is driving the growing demand for mobile robots for applications such as cleaning, gardening, security, and surveillance.

Further, the report states that reluctance in migrating to the latest technology is one of the major challenges faced by the market. The fear of interoperability and lack of compatibility among vendors is hindering the deployment of mobile robots in the end-user industries.

Apart from the Aerospace and Defense industry, these robots are being used in industries such as Automotive, Warehouse, Healthcare, Energy, and Agriculture and Mining.

Based on the terrain in which mobile robotics operates, the Global Mobile Robotics market can be segmented into three: UGV, UAV, and UMV.

Key Vendors