The Global Mobile Robot Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Mobile Robot industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Mobile Robot market along with crucial statistical data about the Mobile Robot market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

The global Mobile Robot Market will be worth USD 117.89 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of mobile robots in the manufacturing plants. Adopting intelligent technologies such as artificial intelligence, deep learning, and mobile robotics drives the growth of the mobile robot market over the forecast period. The growing need for automation and self-optimization of the machinery in the factories to obtain increased productivity and enhanced operational efficiency is anticipated to fuel the development of the market. The manufacturing plants are increasingly adopting autonomous mobile robots in the manufacturing plants to ensure worker safety, reduce human resources and operational & manufacturing costs, and eliminate human errors. Technological advancements in the sensors and cameras have resulted in the flexibility and agility of mobile robots and increased their usage for operations.

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Key Highlights From The Report

In October 2019, Northrop Grumman and Carnegie Mellon University (CMU) have formally signed a master research agreement (MRA), which will help foster innovation between the two organizations.

The Unmanned Ground Vehicles segment held the largest market share of 40.2% in 2019. Increasing applications of the Unmanned Ground Vehicles in military and defense fields is expected to drive the segment's growth.
The domestic segment is forecasted to grow with the fastest CAGR of 24.8% over the forecast period.

Implementation of Artificial Intelligence and the Internet of Things (IoT) has technologically advanced mobile robots and increased their usage for domestic purposes.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The high penetration rate of e-commerce channels in the region is a key contributing factor to the growing demand for autonomous mobile robots in the e-commerce and logistics companies to meet the higher customer demand and labor shortages.

Key participants include Northrop Grumman, Kuka, iRobot, Honda Motor, Softbank Group, Kongsberg Maritime, DJI, Bluefin Robotics Corporation, Samsung Electronics, and Lockheed Martin, among others.

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