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.

The study is a professional probe into the revenue generated and capacity estimates for the Mobile Robot market for the forecast period 2020 - 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.

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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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Product Outlook (Revenue, USD Billion; 2017-2027)
Unmanned Aerial Vehicles (UAVs)
Unmanned Ground Vehicles (UGVs)
Unmanned Surface Vehicles (USVs)
Autonomous Underwater Vehicles (AUVs)

Application Outlook (Revenue, USD Billion; 2017-2027)
Warehouse & Logistics
Defense& Security
Energy & Power
Mining and Minerals
Automotive
Entertainment, Education and Personnel
Domestic
Others

Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA

Table of Content

Chapter 1. Methodology & Sources

1.1. Mobile Robot Market Definition
1.2. Mobile Robot Market Research Scope
1.3. Mobile Robot Market Methodology
1.4. Mobile Robot Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Mobile Robot Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Mobile Robot MarketSegmentation & Impact Analysis

Continued…