The global mobile robotics market is growing continually, witnessing significant demand from the healthcare and retail industries. Besides, increasing R&D spending on robotics development and growing industrial automation drives market growth. Expanding use cases of mobile robotics in industrial and space & aircraft manufacturing applications boost the market size. The increasing automation in production and manufacturing has sped up the development of autonomous industrial robots. Citing growing applications and adoption of mobile robotics in the autonomous warehouse and logistics verticals, MRFR expects the global mobile robotics market to garner USD 25.3 billion by 2030, registering a 21.40% CAGR through 2022-2030.Rising innovations in artificial intelligence and deep learning technology impact market growth positively. With the rapid technological advances in the field, the number of applications of mobile robotics in manufacturing and production processes is continually growing. The rising use of mobile robotics for food and goods delivery contributes to the market. Conversely, government regulations and security concerns related to the use of mobile robotics restrict market growth.
Evolving Mobile Robotics Space
Mobile robotics, as the name suggests, are moving robots controlled by a software system that uses various sensors to detect their surroundings and environment. These machines function/ move around, combining AI and physical components like wheels, legs, and tracks. Mobile robots are becoming increasingly popular in different businesses across industries. Today, machines have evolved from being entirely static, having a fixed automatic function, to becoming intelligent & moving where they can deal with real-world situations. They can perform tasks independently without human intervention, calculating and manipulating objects in their environment to achieve specific goals. Mobile robotics is used to assist and even accomplish work processes that are impossible or dangerous for humans. Artificial intelligence technology is impacting the mobile robotics space, transforming it to the next level. This, as a result, has been attracting many tech giants and encouraging them to invest substantially in designing mobile robots that are faster and more agile. At present, robots can do more than just perform tasks. They can learn, adapt, and evolve using AI, ML, computer vision, navigation, and other capabilities. Mobile robot developers are increasingly leveraging deep learning capabilities to design smart embedded robotics that can be adopted in manufacturing and agriculture industries and used to improve security and home-based healthcare. Market players are continually working on digital renderings that can allow engineers to bring easily deployable robots that can work on localization, navigation, and AI simulation. These kinds of dynamic robots are important for future logistics.
North America, the World Leader in Mobile Robotics
Huge technological advances and the increasing use of moving robots in the logistics industry in this region escalate the market value. Additionally, the increasing demand for mobile robotics from the aviation sector substantiates market revenues. Increasing focus on enhancing UAV communication capabilities, especially in the defense sector, drives the growth of the regional market. Massive spending on R&D activities and growing applications in healthcare setups have opened up a big market for moving robots. The US accounts for not only the leading market in the region but also the largest revenue generator in the global mobile robotics market. Moreover, the presence of major robotic players in the US has been helping the regional market to become more dominant as compared to other regions. Strategies Market Players Follow to Gain Competitive AdvantageThe highly competitive mobile robotics market appears fragmented, with many well-established players forming a competitive landscape. To gain a larger competitive advantage, these players incorporate strategies such as mergers & acquisitions, collaborations, partnerships, expansions, and product/ technology launches. Moreover, they focus on new product development initiatives and geographical expansion. The market is anticipated to witness relentless innovations and new product development, further intensifying market competition. For instance, on Sept. 13, 2022, Amazon announced its plan to acquire a Belgium-based mechatronics supplier, Cloostermans, to fold into Amazon Global Robotics. Amazon has been using Cloostermans’ technology to move & stack heavy pallets and help package products at its facilities since 2019. The retail giant intends to focus on more rapidly deployable solutions, improve safety, and reduce packaging waste. Amazon has also invested more in its technology design capabilities and in inventing products like Proteus, a fully autonomous mobile robot.
