Transparency Market Research has published a new report titled "Global Mobile Robotics Market is expected to reach USD 14,202.2 Million in 2019: Transparency Market Research " to its report store.
Albany, NY -- (SBWIRE) -- 12/31/2014 -- The use of mobile robots is found in a variety of applications ranging from military, industry, service, commercial, and some other miscellaneous sectors. Mobile robots are extremely effective when put to use. They are mostly spotted in domestic sectors in the form of vacuum cleaners and lawn movers used for accomplishing basic domestic applications such as cleaning, dusting, or trimming grass. The classification of mobile robots is made on the basis of their travelling environment. They are segmented into Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Unmanned Surface Vehicles (USVs), and Autonomous Underwater Vehicles (AUVs).
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Among all the types, UGVs including AGVS was the biggest segment in 2012. It accounted for 45.5% of the overall market share for that year. The market for the same is expected to witness highest growth during the forecast period 2013 - 2019. The UGV segment is now followed by the AUV sector. This is due to the growing demand for UAVs in military, defense, and security applications, as well as the increasing use of AGVs in distribution and warehousing applications.
The AUV sector is likely to experience sharp growth during the forecast period. UAVs on the other hand, are expected to rise with linear growth throughout the forecast period. Similarly, the market for USVs is driven by cost effective wireless data systems and global positioning systems. The market is expected to rise and expand in the long run.
This research report based on mobile robotics market caters in-depth analysis, global market shares and trends, along with further breakdown into various sub-segments. It analyzes this market on a global level, and provides estimates in terms of revenue (USD Million) for the forecast period 2013 to 2019. It also provides cross-sectional analysis of the market focused on parameters such as applications, travelling environment, and geography. Geographically, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW), and estimations are calculated in terms of revenue (USD Million).
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Of all the countries in the world, Asia Pacific was the largest market for mobile robotics in 2012. It accounted for 34.2% in 2012, and is further expected to demonstrate the highest growth throughout the forecast period. The growth in this region was majorly driven by an upsurge in the practice of mobile robots in various application areas such as agricultural, domestic, medical, and industrial applications.
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Likewise, a rising growth of UAVs is predicted to increase in demand in other countries such as, India, South Korea, China, Pakistan, Philippines, Taiwan, Thailand, Singapore, and Australia.
The broad integration of mobile robots with different mobile technologies like smart phones, mobile tablets, and other electronic appliances are key factors contributing to the growth of the mobile robotics market. Declining cost of sensors and high-end cameras are other drivers propelling the market forward. The market's potential to offer open source platforms have encouraged budding companies in the invention of innovative products which are now found at cheap costs. The U.S. government's approval on passing the regulations by the end of 2015, on the usage of UAVs for civilian use is another noteworthy factor of consideration in the list of market drivers.
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