Albany, NY -- (SBWIRE) -- 10/12/2017 -- A recently released report by Transparency Market Research (TMR) forecasts that the global mobile robotics market will expand at a healthy CAGR of 12.6% between 2013 and 2019. TMR, a market intelligence firm in its report states that by 2020, the global mobile robotics market, which in 2012 was valued at US$6249.6 million, is anticipated to reach US$14202.2 million by the end of the forecast period. The report titled 'Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019s' is available for sale on the company website. According to this TMR report, the key factors driving the global mobile robotics market are integration of mobile robots with mobile technologies, surging venture capital investments in service robotics companies, and increasing funds and grants by governments. Mobile robotics are mainly used in industrial activities such as warehousing distribution and logistics, inspection activities, painting and de-painting, and assembly operations.
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In the services segment, mobile robotics are used in fields such as entertainment, healthcare, and defense amongst other areas. Another prominent factor driving the global mobile robotics market is the decreasing price of cameras and sensors and also the availability of open source platforms. This research report segments the global mobile robotics market on the basis of travelling environment, application, and geography. On the basis of travelling environment, this market is categorized into autonomous underwater vehicles (AUVs), unmanned surface vehicles (USVs), unmanned aerial vehicles (UAVs), and unmanned ground vehicles (UGVs).
Application-wise, the global mobile robotics market is segmented into industrial applications and service applications. The segment for UGVs inclusive of AGVs holds the largest share in the global mobile robotics market. The surging demand for UAVs and high demand for AGVs in distribution and warehousing applications will stimulate the global mobile robotics market during the forecast period. Geographically, this research study segments the global mobile robotics market into Asia Pacific, North America, Europe, and Rest of the World. In 2012, with a share of 34.2%, Asia Pacific was the largest regional player in the overall mobile robotics market. Surging demand for AGVs in industrial applications and demand for drones in defense are the two main factors that propel the Asia Pacific mobile robotics market.
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It is the surging demand for mobile robots in field applications, which will drive the Asia Pacific mobile robotics market in the years to come. The Rest of the World market is anticipated to grow at a favorable rate of growth during the forecast period owing to extensive usage of AUVs and UAVs in defense applications.The prominent companies in the global mobile robotics market identified by this research report are QinetiQ, Bluefin Robotics, Harvest Automation Inc., Aethon Inc., Gecko Systems Intl. Corp., ECA Robotics, Bossa Nova Robotics, and Boeing Co. amongst others. Scarcity of experts in the R&D segment is a key restraint in the global mobile robotics market.