ICT & Electronics Mobile Robotics Market | Seite 2
The global mobile robotics market is segmented into product type such as
unmanned ground vehicles, unmanned aerial vehicles, unmanned surface
vehicles and autonomous underwater vehicles. Among these segments,
unmanned ground vehicles segment is expected to witness significant growth
during the forecast period i.e. 2017-2024. Additionally, unmanned ground
vehicles segment is riding on the back of increasing usage of mobile robots for
agriculture practices. Further, growing adoption of mobile robotics by defense
sector is also envisioned to flourish the growth of mobile robotics market across
the globe.
Global mobile robotics market is expected to register a CAGR of 10.1% over the
forecast period. Moreover, the global mobile robotics market is projected to
expand at USD 20.8 billion globally by the end of 2024. The market of mobile
robotics is expanding on the back of wide scale application in numerous sectors
such as logistics and warehouse, painting and de painting, automotive industry
and others.
Commercial segment by mode is projected to witness a considerable CAGR
during the forecast period. Moreover, Asia-Pacific region accounted the largest
market share in mobile robotics captured 34% of the overall mobile robotic
market by revenue. In addition to this, mobile robotics market in Asia-Pacific
region is expanding due to rapid industrialization accompanied by increasing
manufacturing activities. Apart from this, Asia-Pacific region is most lucrative
market across the globe owing to emerging economies such as India and China.
Favorable government initiatives
Increasing investment by government to build the defense sector is envisioned to
foster the growth of mobile robotics market. Moreover, heavy adoption of mobile
robotics for border surveillance by major countries is also positively impacting
the growth of mobile robotics market by 2024. Further, rise in per capita income
of the developing and developed nations such as U.S., China and others coupled
with increasing focus to improve their defense infrastructure is predicted to
bolster the growth of mobile robotics market.
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Technological advancement in robots
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