ReportsnReports.com adds Global Mobile Robotics Market 2016-2020 latest research report, increase in online shopping has initiated the need for improving product delivery system. This has prompted online retail and e-commerce companies to look out for newer and innovate ways of product delivery. Companies have started investing in UAVs for delivering products to customers. Amazon and Walmart have authorized license from FAA to test UAV/drone delivery system. At present, both the companies are testing the feasibility of drone delivery system for commercial purpose. Other major retailers and e-commerce companies are also expected to follow this trend. The analysts forecast global mobile robotics market to grow at a CAGR of 12.21% during the period 2016-2020.
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According to the Mobile Robotics market report, global manufacturers are embracing Industry 4.0 to attain operational excellence and profitability. The vision of this movement is to replace human labor with robots to improve the productivity and efficiency of the factory. Industry 4.0 encourages the use of digital technology, complete factory automation, and use of mobile robotics to create smart factories.
Segmentation of type and analysis of the mobile robotics market
Unmanned ground vehicle (UGV)
Unmanned aerial vehicle (UAV)
Unmanned maritime vehicle (UMV)
The UGV segment dominated the market and accounted for nearly 50% of the market share in 2015. The UGV market is driven by the augmented demand from the defense, industrial and healthcare sectors, warehouses, logistics, and oil and gas industries. Therefore, the growing trend of automating applications and activities within the end-user sectors will bolster the growth prospects of this segment by the end of 2020.
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In terms of revenue, APAC is envisaged to dominate the global mobile robots market and reach more than USD 4 billion by the end of 2020. APAC is the leading global manufacturing hub with substantial investments in developing countries. With favorable government legislatures and initiatives, such as Make in India and Made in China 2025, most automotive companies are establishing new facilities equipped with modern technologies to meet the global standards. Therefore, the increasing awareness and integration of robotics technology across APAC countries and rising investments in the manufacturing and defense sectors will bolster this market’s growth prospects in APAC.
The global mobile robotics market is characterized by the presence of well-diversified international vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.
Key players in the Global Mobile Robotics Market: Boeing, Israel Aerospace Industries, Lockheed Martin, Northrop Grumman, Oceaneering, Omron Adept Technologies, and SAAB.
Other Prominent Vendors in the market are: AeroVironment, Atlas Eleckronik, Bae Systems, Bluefin Robotic, Cobham, DOK-ING, Fugro, GeckoSystems, General Dynamics, Kongsberg Maritime, Parrot, QinetiQ, and Teledyne Technologies.
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