Mobile Robotics Market Size, Share, Trend and Forecasts To 2025 Mobile Robotics Market - Global Industry Analysis

Mobile Robotics Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Mobile Robotics Market: Overview
Mobile robots are automated machines that are mobile. These robots are capable of moving around
without following a fixed path as compared to traditional robots. The rising concern over workspace
efficiency is one of the major drivers for the mobile robotics market. In addition, the mobile robotics is
also being adopted in defense industry. The mobile robots are extensively used in defense applications
such as surveillance, security and inspection. In 2015, the Department of Homeland Security, U.S.
announced a USD 4 trillion budget proposal for fiscal year 2016. Furthermore, The Pentagon also had
plans of spending USD 2.9 billion for acquiring unmanned robotic systems. Moreover, the mobile
robots are also expected to replace human soldiers in future. Furthermore, implementation of mobile
robotics in China is also aiding to the growth of the market significantly.
This 104-page report gives readers a comprehensive overview of the Mobile Robotics market. Browse
through 57 data tables and 18 figures to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/mobile-robotics-market-2017-2025.html
The increasing demand for efficient manufacturing in China is leading to government initiatives being
taken to equip the factories with advanced mobile robots. The province of Guangdong, China has
decided to invest USD 154 billion to install mobile robots. Furthermore, major manufacturers like
Foxconn also plan to install more than a million robots in the next few years. China is world’s leading
producer of a majority of items ranging from clothes to electronics. However, the country primarily
depends on low cost and low skilled labors. The rising labor wages and slow economic growth has
prompted the government to diversify its workforce and make the manufacturing facilities technology
advanced. This factor has resulted into the increasing adoption of mobile robots in manufacturing
industries.
However, one factor limiting the demand for mobile robotics is the high cost for installation of these
robots. Furthermore, purchasing an automated guided vehicle (AGV) is very costly when compared to
hiring personnel or buying equipment. In addition, these robots undergo frequent wear and tear due
to continuous function and need to undergo regular maintenance. The cost of maintenance is also
high for these robots. Moreover, factories with smaller operations might not have access to such huge
capitals and hence are unable to afford such robots. However, the falling prices of the components
are expected to lower the price of AGVs in future. The high initial cost involved with these robots is
expected to hinder the growth of the market moderately during the forecast period.
Global Mobile Robotics Market: Segmentation
The global mobile robotics market has been segmented by types into unmanned aerial vehicle (UAV),
unmanned ground vehicle (UGV), unmanned surface vehicle (USV) and autonomous underwater
vehicle (AUV). The UGVs held the largest market share during the forecast period. These robots are
now widely used in medical and healthcare segment for delivery of medicines and equipment and
instruments. Increasing use of mobile robots in defense is one of the important factors bolstering the
demand of unmanned ground vehicles in the global market. Since these vehicles operate
autonomously, they can be used to accomplish missions in dangerous, inconvenient and difficult
situations.