USD 16.5 Billion
Report ID:
SQMIG25A2296 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
120
|Figures:
71
Mobile Robots Market size was valued at USD 20.31 Billion in 2023 and is poised to grow from USD 25 Billion in 2024 to USD 131.84 Billion by 2032, growing at a CAGR of 23.1% during the forecast period (2025-2032).
The increasing popularity of mobile robots in hospital environments, home uses and related areas combined with technological improvements in robotics is expected to fuel this market's growth. Robotics have seen a massive rise in its demand with the onset of augmented reality, deep learning, artificial intelligence (AI), and others. The global demography with limited workers, people living alone, or elderly population generates the need for companion robots, service robots and others.
The government initiatives are further supporting research and development in this field. For instance, in 2023, Brain Corp has announced that they have achieved a milestone in autonomous robotics and appointed Chris Lobdell as Chief Revenue Officer. Brain has deployed around 30,000 robots to BrainOS robotics platform in different segments like autonomous vacuuming, autonomous inventory scanning, and autonomous floor scrubbing. Furthermore, Brain Corp’s OEM partners have deployed around 5700 robots across 265 customers globally.
Some of the new technologies that have evolved over the years and integrated into these mobile robots are artificial intelligence, machine learning, computer sight and sensing technologies. Such achievements have initiated the manufacture of enhanced and versatile robots that are competent enough to work under different situations and conditions. Some key sectors which contribute largely into mobile robots include manufacturing industries, logistics, healthcare, security, agriculture and retail. Industrial mobile robotics is used in manufacturing and logistics sectors such as in material handling, organizing warehouse, and managing stock. In healthcare, it is used for services that include healthcare service in patient treatment, administration of medicine, and sanitization. The organizations are seeking mobile robots to reduce costs and increase output, productivity and safety. The options are expensive in terms of labor which is influenced when the general cost of living is high like GDP growth, investments in mobile robot technology, and labor costs all go far to influence the adoption in the developing economies.
Global Market Size
USD 16.5 Billion
Largest Segment
Professional Robots
Fastest Growth
Personal & Domestic Robots
Growth Rate
23.1% CAGR
To get more reports on the above market click here to Buy The Report
The mobile robot market is segmented into offerings, type, application, and region. Based on offering the market is segmented into hardware (sensors, actuators, power supplies, control systems, others), software & services. Based on type, the market is segmented into professional robots (autonomous mobile robot, automated guided vehicle, others), personal & domestic robots. By Payload, the market is segmented into Up to 300 kg, 500–600 kg, 1000-1500 kg. By Application, the market is segmented into Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing & Logistics, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The professional robots' segment is considered the dominant and most influential sector for mobile robots mainly due to its implementation in companies, hospitals, warehouses and militaries and among others. Market wise in 2023, professional robots will have a significant market share because of their higher functionality and applicability in numerous industrial and commercial application areas. Robotic systems are being gradually adopted across the warehouses to manage the growing automation needs of warehouses, the growth of flow in e-commerce, and the general demand for efficient logistics solutions. Based on our market size, sales value, and volume study, we anticipated the professional robots' segment retaining its supremacy and offering considerable boost to the valuation of the global market, which is estimated to hit USD 40. 6 billion by 2031.
The personal and domestic robots' industry remains to be highly dynamic, boosted by the growing desire for home automation and for personal service robots. This segment includes devices designed for cleaning, mowing lawns, and even those assisting the physically challenged. Technological advancements around artificial intelligence and machine learning are helping to make this type of robot more advanced and thus more applicable to use in homes. From this segment, increased public knowledge about domestic robots and its relatively low cost has led to higher percent market growth in the forecasted period.
Analysis by Application
The agricultural segment dominates the mobile robot market. The level of mobile robotics in the agricultural industries has continued to rise whereby precision farming, crop monitoring, and crop harvesting are the dominant drivers in adopting mobile robotics. Accompanied by sophisticated sensors and artificial intelligence, these robots increase effectiveness, decrease human workers costs, and correctly use resources. Such opportunities, as the effective collection of data in real-time mode, more effective decision-making processes are among the major factors that define the growth. Crop monitoring and harvesting are the sub segments widely used in this segment, especially in precision farming segment. This market will grow rapidly due to the trends of automation and sustainability needed in agriculture. Based on our analysis, the agricultural robotics sector holds a revenue share of around $13.5 billion and is anticipated to reach around $40.1 billion by 2028 and is growing at a growth rate of around 24.3%. Our study further reveals that around 2.5 million employees across the EU have left the agricultural industry over the last 10 years. Furthermore, by 2030, around 3% of annual decline is noticed in the agricultural sector of the employees. Therefore, contributing to the high demand for robotics in the industry.
The healthcare sector is increasingly adopting mobile robots at a quick pace and is observed as a growing segment. This is primarily driven by factors including patient handling, surgical aiding, and cleaning activities due to the need for decreasing hospital acquired diseases and enhancing organizational effectiveness respectively. Patient care is the dominant application within this segment, while surgical assistance and disinfection are witnessing robust growth, fueled by advancements in robotics and increasing concerns regarding healthcare-associated infections. Based on our analysis, hospital acquires infections (HAIs) account for around 4-56% of the deaths during the neonatal period. Therefore, has increased the demand for disinfecting healthcare settings which provides a secure and safe environment for patients and healthcare officials. This has increased the smooth operations and workflow of the staff and patients.
To get detailed analysis on other segments, Request For Free Sample Report
Asia Pacific region is the largest region in the global mobile robotics market. The efficiency and cost reduction through automation is driving the market. The countries such as Japan South Korea and China are continuously increasing due to their technological advancements in the mobile robots. Due to the aging of the population and rising labor expenses, they are adopting mobile robots for repetitive tasks. Moreover, the ecommerce and logistics sectors are rapidly increasing, which is further driving the demand for the automation in the warehouse industry. China contributes as the largest manufacturer in the industry driving the market demand. Based on our analysis, we found that besides COVID-19 restrictions have caused disturbances in production and logistics, the industrial output is increased by around 3.6% in 2022 in China. The manufacturing industry contributes around 28% to the China’s GDP have reported around 3.1% growth in the output during 2022.
North America holds a significant share of the mobile robot market, and it is expected to grow at a CAGR of around 20% through the given period. The region is expected to maintain a growth trend of around 81% on average over the forecast period. Since countries such as the U. S and Canada are contributing significantly to the market revenues, North America has come out as growing part of the market. Technological advancements are the region’s key result of early adoption of advanced technological solutions by end users. Thus, factors such as the growing demand for rehabilitation in medicine, the availability of funding sources for technologies, and the adoption of surgical robots in hospitals are contributing to the growth in service robotics. Furthermore, North America alone accounts for 35% of mobile robots manufacturers which is attributing the region’s burgeoning market growth. The leading market is the U. S as it has key players in the manufacturing sector of the mobile robot market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Mobile Robots Market Drivers
Advancements in Robotics Transforming Personal Assistance and Household Tasks
Innovations in Mobile Robot Sensors and Controllers for Various Applications
Restraints
Limited Suitability of Mobile Robots in Unstructured Environments
Integration of Mobile Robots with Existing System
Request Free Customization of this report to help us to meet your business objectives.
The competitive landscape of the global mobile robots market is dynamic and evolving, driven by technological advancements, market demand, and regulatory developments. Companies that can innovate, collaborate, and adapt to changing market dynamics are well-positioned to succeed in this rapidly growing industry. For instance, in June 2024, Rapyuta Robotics announced a strategic partnership with SVT Robotics to connect and scale warehouse robots. They are using Rapyuta’s pick assist AMRs for its expansion around the American warehouses. Rapyuta’s solution will be certified on SVT Robotics platform namely SOFTBOT. The advanced software is changing the incorporation of different autonomous technologies such as autonomous mobile robots (AMR), vertical lift modules (VLM), and automated storage and retrieval systems (AS/RS) and host systems such as warehouse management systems (WMS), warehouse execution systems (WES) and others.
Mobile Robots Market Top Player’s Company Profiles
Mobile Robots Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The mobile robots market is witnessing strong growth driven by factors such as increasing adoption of automation in industry, advancements in artificial intelligence and sensor technology, and growing demand for logistics and warehouse automation solutions. The major trends in the mobile robots market are highly sophisticated autonomous robotic systems capable of navigating complex environments, performing tasks, and with human operators collaborate by combining machine learning and computer vision technologies. Robots have worked well in transformational environments, such as manufacturing plants which are growing the adoption of the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 16.5 billion |
Market size value in 2031 | USD 107.1 billion |
Growth Rate | 23.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mobile Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25A2296
sales@skyquestt.com
USA +1 351-333-4748