The mobile
robots market is expected to grow from USD 18.7 billion in 2018 to USD 54.1
billion by 2023, at a CAGR of 23.71% during the forecast period.
Robotics has
witnessed a quantum leap with the introduction of technologies such as
augmented reality, deep learning, and artificial intelligence (AI). With the
growing geriatric population and the rising number of nuclear families
worldwide, demand for advanced technologies and virtual assistants, such as
companion robots, is also increasing as these technologies simplify the process
of performing a task. Another driver for the mobile robots market include
increasing demand for warehouse automation.
Get 10% Free Customization on this Report:
Mobile robots market for personal and domestic robots to grow at
the highest CAGR during 2018–2023
Personal and
domestic robots are adopted for domestic applications (e.g., vacuum cleaning,
floor cleaning, and lawn-mowing) and entertainment, education, and personal
applications (e.g., entertainment and leisure). The adoption of these robots
has been high in North American and European countries for household purposes.
However, with the growing awareness and number of nuclear families worldwide,
the market for personal and domestic robots is expected to grow at the highest
CAGR during the forecast period.
Mobile robots market for entertainment, education, and personal
application is expected to grow rapidly during the forecast period
Social
robots are gaining traction regarding entertainment, education, and personal
applications with booming digital technology. In addition, devices or robots
with larger displays (dedicated for performing tasks such as displaying images,
playing videos, and displaying error messages) are being adopted on a large
scale for entertainment, education and personal applications. Apart from this,
an increasing number of working officials across the world is expected to put forth
a need for robots for providing companionship to the elderly and toddlers. This
fact is expected to propel the growth of the market for entertainment,
education, and personal applications during the forecast period.
North America to hold a major share of the mobile robots market in
2018
North
America is expected to hold the largest share of the mobile robots market in
2018. This dominance can be attributed to the growth in demand for mobile
robots from nascent sectors such as telepresence, inspection and maintenance,
and home security, along with major sectors such as medical, defense, marine,
logistics, and education and research. iRobot, GeckoSystems, Adept Technology
(a subsidiary of Omron Corporation), Google, and Amazon are the major companies
in the mobile robots market based in the US. Apart from this, increasing aging
population in North America is driving the market for telepresence and personal
assistant robots.
Inquiry Before Buying:
Major
players in the mobile robots market include Northrop Grumman (US), Honda Motor
(Japan), Softbank (Japan), iRobot (US), DJI (China), Lockheed Martin (US),
Kongsberg Maritime (Norway), KUKA (Germany), Bluefin Robotics (US),
Samsung Electronics (South Korea), Parrot (France), 3DR (US), GeckoSystems (US),
LG (South Korea), Amazon Robotics (US), Mayfield Robotics (US), Promobot
(Russia), Bluefrog Robotics (France), LEGO (Denmark), and ECA Group (France).
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70% to 80%
of worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment