Sarasota, FL -- (SBWIRE) -- 09/04/2018 -- The global autonomous robot market was valued at around USD 4,615 million in 2016 and it is expected to reach more than USD 11,920 million by 2024. The global autonomous robot market is expected to grow at a CAGR of over 14% between 2017 and 2024. In terms of volume, the demand for the autonomous robots is expected to reach more than 115,400 units by 2024 at a CAGR of around 13% during the forecast period.

Escalating product applications in defense, medical, healthcare, food & beverages, automotive, and electrical & electronics sectors is projected to upswing autonomous robot market growth graph. With the unique ability of performing work with a greater degree of autonomy, autonomous robots are finding larger applications in waste-water treatment, household maintenance, goods & services delivery, and spaceflight activities.

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For the record, autonomous robots have the ability to gather information about their environments and work for long hours without requirement of human assistance. Examples of autonomous robots include robot vacuum cleaners and self-driven helicopters. These objects are adaptive to changing situations and environment.

Autonomous robots need locomotive systems, eco-sensing technologies, navigational algorithms, and mapping to perform various activities. Most of them possess sensing abilities and other functional mechanisms that assist them in observing the impediments or hallways. Escalating need of the automated systems across oil & gas sector to effectively as well as securely carry out exploration & production activities is likely to boost the demand for autonomous robots.

These self-driven systems also help in enhancing the speed & accuracy of the routine business operations of the warehouse activities. Autonomous robots are extensively used in mining sector as laborers cannot reach the underground surface due to high & intolerable temperature levels for humans.

One of the most prominent examples of autonomous robot is Roomba—an autonomous cleaning robot that can take its own decisions as well as actions based on the environmental perception and surroundings. For instance, the autonomous robot can sense a chair and clean dirt after sensing it via dirt detector.

The Defense Advanced Research Projects Agency, a segment of the U.S. defense department, is currently focusing on developing autonomous robots capable of carrying out complicated tasks in dangerous situations. For the record, many of the robotic firms such as Motorman, FANUC, KUKA, and ABB manufacture autonomous robots.

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Research has proved that autonomous robots have the ability to perform human activities and even understand the human emotions. The ability to deliver better results and enhance customer experience will drive the product application across myriad industries.