The latest report is the first study encompassing the current Mobile Robot Market situation with respect to the COVID-19 outbreak. Since the advent of the outbreak, the global economic landscape has been grappling with adverse financial consequences. The report analyzes the drastic impact of the pandemic on this business sphere. The pandemic has affected nearly all segments of the Mobile Robot Market. It has further hampered the developmental scope of various manufacturers and buyers engaged in this sector.
The global Mobile Robot Market will be worth USD 117.89 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of mobile robots in the manufacturing plants. Adopting intelligent technologies such as artificial intelligence, deep learning, and mobile robotics drives the growth of the mobile robot market over the forecast period.
The researchers have considered all the factors influencing the growth of the Mobile Robot Market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Mobile Robot Market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market.
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Some Key Highlights from the Report
- In October 2019, Northrop Grumman and Carnegie Mellon University (CMU) have formally signed a master research agreement (MRA), which will help foster innovation between the two organizations.
- The Unmanned Ground Vehicles segment held the largest market share of 40.2% in 2019. Increasing applications of the Unmanned Ground Vehicles in military and defense fields is expected to drive the segment’s growth.
- The domestic segment is forecasted to grow with the fastest CAGR of 24.8% over the forecast period. Implementation of Artificial Intelligence and the Internet of Things (IoT) has technologically advanced mobile robots and increased their usage for domestic purposes.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Mobile Robot Market.
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Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Mobile Robot industry are:
Northrop Grumman, Kuka, iRobot, Honda Motor, Softbank Group, Kongsberg Maritime, DJI, Bluefin Robotics Corporation, Samsung Electronics, and Lockheed Martin, among others.
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Emergen Research has segmented the global Mobile Robot Market on the basis of Product, Application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Unmanned Aerial Vehicles (UAVs)
- Unmanned Ground Vehicles (UGVs)
- Unmanned Surface Vehicles (USVs)
- Autonomous Underwater Vehicles (AUVs)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Warehouse & Logistics
- Defense & Security
- Energy & Power
- Mining and Minerals
- Entertainment, Education and Personnel
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Mobile Robot Market added by Emergen Research demonstrates that the global Mobile Robot Market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Mobile Robot Market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Radical Features of the Mobile Robot Market Report:
- The report encompasses Mobile Robot Market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Mobile Robot industry
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