Mobile Robotics Market Summary & Critical Success Factors (CSFs) Till 2020 “Globally, the mobile robotics market valued at USD 4.43 billion in 2014 and is presumed to reach USD 10.60 billion by 2020.�
Globally, the Mobile Robotics Market valued at USD 4.43 billion in 2014 and is presumed to reach USD 10.60 billion by 2020. Rapid industrialization and growing need for automation to improve the efficiency in the production and to augment the quality process; mobile robotics is significantly evolving its market globally. Mobile robots represent powerful robots which act on a variety of operations according to their programmed configurations. Advancement in mobile robotics technology is significantly evolving in different functional areas as defense, warehousing, medical& healthcare, and logistics. It aids the humans in managing a specific set of task to overcome the human restraining and efficient in saving the cost of production. Optimized use of the resource in terms of labor cost, aging workforce and growing demand for productivity are presumed to impel the demand for the market growth. Furthermore, high initial investment and time consumption in particular set of functional areas such as manufacturing, marketing, and Research & Development are expected to be constraints for the market growth. Product Insights On the basis of products, the mobile robotic market is segmented into Unmanned Ground Vehicles (UGV), Unmanned Surface Vehicles (USV), Unmanned Aerial Vehicles (UAV) and Autonomous Underwater Vehicles(AUV). UGV is presumed to be the leading the segment over the projected year attributed to rising demand in the implementation in areas of military and defense agencies. UAVs are presumed to witness a substantial increase throughout the projected period associated with significant increase in the areas of photography, defense, wildlife research and survey, military, surveying and mapping, and security applications.
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