Mobile Robots Market to Witness Higher Growth in Domestic, Military, Logistics

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.

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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.

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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).

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Waterjet Cutting Machine Market - Size, Trends, Growth, Forecast to 2023

According to the new market research report "Waterjet Cutting Machine Market by Product Type (3D, Micro, and Robotic), Application (Glass/Metal Art, Fiberglass Cutting, Foam Product Cutting), Industry (Automotive, Machine Manufacturing, Medical Devices), and Geography - Global Forecast to 2023", the waterjet cutting machine market is expected to reach USD 1,248.0 million by 2023 from USD 921.7 million by 2018, at a CAGR of 6.25% during the forecast period. Factors such as promising growth in the global steel industry, growing automobile industry, development of industrial sector in the Middle East and Africa, and a comprehensive increase in construction activities drive the growth of this market.

Browse 61 market data Tables and 31 Figures spread through 112 Pages and in-depth TOC on "Waterjet Cutting Machine Market - Global Forecast to 2023"
 

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3D waterjet cutting machines to account for largest size of market during 2018–2023

The 3D waterjet cutting machines are expected to hold the largest size of the waterjet cutting machine market by 2023. These cutting machines are suitable for all manufacturing processes involving 3D cutting and job shops seeking to expand their capabilities. 3D waterjet cutting systems are widely used in the aerospace and automotive industries, as well as in the prototype development applications of various industries.

Glass/metal art to hold largest size of waterjet cutting machine market during forecast period

The glass/metal art application is expected to account for the largest share of the waterjet cutting machine market during the forecast period. Waterjets are the superior method for cutting hurricane glass as the jets are omnidirectional and can cut the complex patterns easily. In metal cutting, waterjets are ideally suited for tough and lucrative applications such as titanium, brass, and tool steel cutting, and aluminum and steel cutting.

APAC accounted for largest share of waterjet cutting machine market in 2017

APAC accounted for the largest share of the waterjet cutting machine market in 2017, followed by North America and Europe. This market in APAC is also expected to grow at the highest CAGR during the forecast period. The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing industry, in India and China, among others. The efforts by the Government of India to strengthen the country’s manufacturing industry through its “Make in India” initiative is likely to propel the demand for waterjet cutting machines in the next few years. This initiative focuses on 25 sectors, which include automobiles, aerospace, and railways and electrical machinery; it aims to facilitate investments, build high-class manufacturing infrastructure, and foster innovation in the country.

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The leading players in the waterjet cutting machine market are Colfax Corporation (US), Lincoln Electric Holdings, Inc. (US), Flow International (US), Koike Aronson (US), Omax Corporation (US), KMT Waterjet (US), Hornet Cutting System (US), A Innovative International (India), and Semyx (US).

About MarketsandMarkets™

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Telepresence Robot Market: Size, Growth, Trends, Analysis, Forecast to 2023

According to the new market research report "Telepresence Robot Market by Component (Head Camera, Display, Speaker, and Microphone) and Body (Power Source and Sensor & Control system)), Type, Application (Education, Healthcare, Enterprise, and Homecare), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the telepresence robot market is estimated to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%. The market is mainly driven by factors such as enhanced operational efficiency in enterprises due to the virtual meeting, high demand from the healthcare industry, and low cost due to the availability of supporting devices.

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Market for mobile telepresence robots to grow at higher CAGR during forecast period

The market for mobile telepresence robots is expected to grow at a higher CAGR from 2018 to 2023. The application of stationary telepresence is limited only to particular areas as these robots are used mainly for training purposes in almost every vertical. The mobility is already a major feature of mobile telepresence, and because of its added advantages, these telepresence robots can also find applications in several new verticals, such as defence, surveillance, and security.

Enterprise application held largest share of telepresence robot market in 2017

The enterprise segment accounted for the largest share of the overall telepresence robot market, based on application, in 2017. The large share of this application attributes to the growing use of telepresence robots for interactive and productive business meetings in enterprises with separated participants from different locations. The telepresence robots are the best fit for virtual presence in enterprises.

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63 - Tables

28 - Figures

114 - Pages

Americas is a major consumer of Telepresence Robots

The Americas accounted for a major share of the overall telepresence robot market in 2017. The Americas is the early adopter of all service robots for all major applications such as public relations, personal assistance and caregiving, home care, enterprise, and education, which is resulting in the maximum demand for robots from this region.

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The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Double Robotics (US), Inbot Technology (China), Suitable Technologies (US), Mantaro Networks (US), VGo Communications (UK), InTouch Technologies (US), Qihan Technology (China), Amy Robotics (China), Anybots (US), SuperDroid Robots (US), Ava Robotics (US), Camanio Care (Sweden), Wicron (Russia), Xandex (US), Rbot (Russia), AXYN Robotique (France), OhmniLabs (US), Swivl (US), Xaxxon Technologies (Canada), and Hease Robotics (France).

About MarketsandMarkets™

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Shelly Singh

MarketsandMarkets™ INC.

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