Market Overview
Mobile robotics is regarded as a branch of science and technology, where the developers create mobile robots that can be useful in various ways without human involvement. The sensors, software programs, and gears are made to control these robots. The robotic technology involves unmanned ground vehicles, unmanned aerial vehicles, and autonomous underwater vehicles while studying the mobile robotics market through various industry verticals.
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Amid the COVID-19 pandemic, the market has to return to its form due to major players developing the robotic system with advanced solutions. Therefore, the Mobile Robotics Market is expected to reach a CAGR of 17.15 % during the forecast period.
Market Segmentation
The Mobile Robotics Market is categorized based on type, application, and end-user. The type segment is classified into goods to person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. The self-driving forklifts segment is expected to show the highest growth rate. The segment is growing due to the development of the e-commerce industry for activities like real-time deliveries and smart mapping. Other segments such as goods to people picking robots, autonomous inventory robots, and unmanned vehicles are estimated to show a steady growth rate due to the rise in warehouses and distribution centers.
The application segment of the market is bifurcated into sorting, pick and place tagging, warehouse fleet management, and others. Meanwhile, the end-users segment comprises warehouses, distributions centers, and manufacturing.
Regional Analysis
The Mobile Robotics Market is distributed into Europe, Asia Pacific, North America, the Middle East, and Africa according to the geographical distribution. The European region holds the maximum market share due to major players focusing on developing sales service support training services.
The major regions of Europe and the Asia Pacific are expected to show a significant growth rate in the future years. This is due to the presence of orders then unauthorized regional players. The major countries of these regions are focusing on advanced technologies, like 5G. All these factors will boost the regional market of these regions. The rise in e-commerce and rapid technological adoption is driving the North American region.
The Middle East and Africa are noticed to show a moderate growth rate due to their pricing infrastructural developments and emphasis on building smart factories and industries.
Industry News
Intuitive Surgical is a global technology company offering robotic-assisted, minimally invasive surgery equipment and other solutions. Its advanced surgical systems allow the surgeons for 3D visualization and a high-definition image of the surgical space.
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