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Global Mobile Robotics Market to Expand at 12.21% CAGR between 2016 and 2020 owing to Burgeoning Use in Industrial Activities

Global Mobile Robotics Market to Expand at 12.21% CAGR between 2016 and 2020 owing to Burgeoning Use in Industrial Activities

MarketResearchReports.biz has announced the addition of a report, title “Global Mobile Robotics Market 2016-2020” report to its database. The detailed report contains data about the current state of the global mobile robotics market. It studies the opportunities and the potential challenges faced by the mobile robotics market. The report helps readers discover trends in the global mobile robotics market and identify the strategic consolidations shaping it. According to the report, the global mobile robotics market is expected to expand at a 12.21% CAGR between 2016 and 2020.

Mobile robots are automated machines designed to enable various industrial activities such as locomotion, logistics, assembly, warehouse distribution, painting and de-painting, coating, dispensing, inspection, surveillance, and data collection. They are also used in service segments such as medical, domestic, entertainment and defense. Mobile robots assure additional flexibility to end users in surgical, security, space agricultural, and marine applications, thus leading to their increased adoption, which is boosting the market.

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The rising use of domestic robots in countries such as France, Japan, Germany, and the U.S for the purpose of cleaning and maintenance is driving the global mobile robotics market. Since, the use of mobile robotics decreases the time to do a particular task and increases the operational frequency, it is used extensively to reduce the amount of labor required and increase efficiency, thus, boosting the market. Moreover, with continuous advancements in technology, the global robotics industry will develop new functionalities. Mobile robotics is anticipated to be used in automated cars, among various other applications, thus fueling the demand for mobile robotics across the globe. Another trend that is expected to boost the market in the coming years is the development of product delivery systems using UAVs.

While the increasing grants and funds by governments are expected to encourage the growth of the global mobile robotics market, the lack of experts in the R&D of mobile robotics and legal and ethical challenges are expected to curb the market.

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Mobile robots are segmented on the basis of type into UGVs, UAVs, and UMVs. On the basis of end users, the global mobile robotics market is segmented into the industrial sector, medical and healthcare industry, warehouse industry, agriculture, mining, and forestry industry, aerospace and defense sectors, and geological research and oceanography. The report studies major regions such as Asia Pacific, EMEA, and the Americas.

 

Some of the key market players profiled in the report for the purpose of study include: Israel Aerospace Industries, Boeing, Fugro, Lockheed Martin, Oceaneering, Bae Systems, Omron Adept Technologies, AeroVironment, SAAB, Atlas Eleckronik, Cobham, DOK-ING, GeckoSystems, General Dynamics, Bluefin Robotic, Teledyne Technologies, Northrop Grumman, Parrot, QinetiQ, and Kongsberg Maritime. The detailed study of each of these companies helps readers understand the key strategies implemented by the companies to gain success and profit in the market. It helps a reader or an enterprise to make profitable investment-related decisions pertaining to the global mobile robotics market.

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