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Mobile Robots Market Size Forecast to Reach $54.2 Billion by 2026
The Emergence of Industry 4.0 in Warehousing and Logistics Driving the Growth of Mobile Robots Market."

BriefingWire.com, 9/13/2021 - [FURL=https://www.industryarc.com/Research/Mobile-Robots-Market-Research-505464?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Mobile Robots Market[/FURL] is forecast to reach $54.2 billion by 2026, growing at a CAGR 20.0% from 2021 to 2026. Autonomous Mobile robot is an integration of artificial intelligence with physical robots, and has a locomotive feature, which ensures that they have the capacity to navigate around physically. They are powered by fleet management software and use sensors and other gears to identify and understand their surroundings. Robot technology is experiencing increased acceptance in different commercial and industrial environments. Hospitals, for example, are now using autonomous mobile robots to move supplies and monitor patient health. The military & defense sector uses trained support robots that are used in battle scenarios. In addition, mobile robots improve the skills of the soldier by providing the soldiers an advantage on the ground. In addition, field robot, a professional service robot, is used in this sector for a number of tasks, such as transporting heavy equipment, working in life-threatening circumstances to protect troops and retrieving injured soldiers in conflict zones. Global mobile robots market is driven by the need for low latency, fast computing, and less dependency on cloud-based AI for critical applications particularly In autonomous ground vehicles.

Key Takeaways

The global demand for mobile robots is powered by the need for low latency, fast computing and less dependency on cloud-based AI for critical applications.

Unmanned vehicles are often used in the defense sector to supply ammunition to troops during war conditions, to carry out emergency relief operations, and to detect and detonate explosives.

The growth of the mobile robot market for domestic applications is motivated by creativity and modernization in the field of robotics. Technological advances and research efforts have led to the creation of domestic cleaning robots, which enable humans to perform mundane tasks.

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Mobile Robots Market Segment Analysis - By Geography

North America is expected to dominate the global Mobile Robots market with a share of more than 37% during the forecast period. Demand for mobile robots is increasingly growing in the region due to factors such as increasing internal and external security risks associated with increased terrorist attacks and the increasing use of mobile robots for patrolling intruders or enemy forces.

Mobile Robots Market Drivers

Emergence of industry 4.0 in warehousing and logistics

Surge in adoption of mobile robotics in agriculture

Major companies such as Aethon, Aviation Industry Corporation of China, Clearpath Robotics, General Atomics Aeronautical Systems, Softbank Robotics, Hi-Tech Robotic Systems, SMP Robotics, among others.

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