Increasing adoption of IoT in industries boosts Global Mobile Robotics Market
Market Overview:
The global mobile robotics market was assessed to be 9.34 billion in 2020 and is foreseen to reach over $ 39.585 million by 2025, progressing a CAGR of 21.5% from 2020 to 2025.

Mobile robots or mobile robot systems can move through a physical environment and use power electronics, motors, sensors, processors, and artificial intelligence to move on the ground, in the air, underwater, or in space. Mobile robotics includes autonomous mobile robots capable of navigating without external guidance and non-autonomous mobile robots that can only do so using a guidance system. Mobile robots provide uninterrupted performance of monotonous tasks such as monitoring and inspecting sites inaccessible to humans, such as locations with hazardous environments.

Recent Developments:
iRobot Corp. announced that it has partnered with Google Inc. to develop new Android applications for the former’s mobile robotics platform. These applications are on display at the Google I / O Developer Conference in San Francisco, California.

Market Drivers and Restraints:
Factors such as the increasing need for safety for human life and the growing demand for mobile robotics from online retailers are expected to drive the growth of the global mobile robotics market in the future. The mobile robotics are increasingly used in the industries due to the progressions in the Industrial Internet of Things (IIoT) technology. The adoption of mobile robotics in various industries such as military and defense, logistics, personal home, ocean exploration, space exploration, automotive, and warehousing is driving market growth.

However, the high initial acquisition cost and the challenges mobile robots face when working in untested environments are significant obstacles and hamper the growth of the global mobile robotics industry. Nonetheless, factors such as the emergence of Industry 4.0 in logistics and warehousing and the rapid adoption of mobile robotics in the agricultural sector are supposed to provide lucrative opportunities for the global market.

Impact of COVID-19:
Coronavirus crisis changed the perception of what is possible for investment and transformative action by private and governmental actors. The virus has been a good opportunity for companies to show bots for public applications. One of the most popular has been the deployment of unmanned mobile platforms with ultraviolet light to disinfect facilities.

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Report is segmented as:
By Product
• UGV
• UAV
• AUV

UGV is expected to be the most dominant segment during the forecast period due to increased applications in the military and defense fields. Drones are supposed to see steady growth over the same period due to increased demand in military, defense, photography, surveying and mapping, wildlife research and reconnaissance, and wildlife applications for security.

By Component
• Hardware
o Sensors
o Actuators
o Power supply
o Control system
• Software
• Support & Service

By Application
• Logistics & Warehousing
• Military & Defense
• Healthcare
• Domestic
• Entertainment
• Education
• Agriculture & Forestry
• Others

Mobile robots are used in industrial and service applications. Typical industrial applications include warehousing and distribution, paints and coating and distribution. Service applications are divided into business and personal applications.

Geographical segmentation:
Based on geography, the global mobile robotics market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, Asia-Pacific dominated the market and is expected to see strong growth during the forecast period due to strong demand for drones in Australia, Japan, China, India and South Korea. Increased use in agricultural, medical and industrial applications is also expected to boost the regional market.

Key market players:
The key players in the global mobile robotics market include iRobot Corporation (US), Honda Motor Co., Ltd. (Japan), Denso Corporation (Japan), KUKA Robotics Corporation (Germany), Northrop Grumman Corporation (US), Harvest Automation (US), FANUC Ltd (Japan), Epson America, Inc., (US), Universal Robots (Denmark) and Yaskawa Motoman Robotics (US).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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