PUBLISHER: Roots Analysis | PRODUCT CODE: 1721371
PUBLISHER: Roots Analysis | PRODUCT CODE: 1721371
As per Roots Analysis, the global mobile robots market size is estimated to grow from USD 18.49 billion in the current year to USD 63.28 billion by 2035, at a CAGR of 11.83% during the forecast period, till 2035.
The opportunity for mobile robots market has been distributed across the following segments:
Type of Offering
Type of Robot
Type of Form-Factors
Type of Navigation Sensor
Type of Payload Capacity
Type of Distribution Channel
Type of Enterprise
Type of End-User
Geographical Regions
In 2022, the number of operational robots hit a record high of 3.9 million. Notably, the Republic of Korea leads the world in robots per 10,000 workers, followed by Singapore and Germany, as per the World Robotics report. Mobile robots are driving future business growth by enhancing efficiency and fostering innovation. It's important to note that mobile robot applications are prevalent across multiple sectors, such as healthcare, logistics, and manufacturing. Some key benefits of mobile robots include improved operational efficiency, lower labor costs, and enhanced safety by handling repetitive or dangerous tasks.
Moreover, the mobile robots market features various advancements, including state-of-the-art sensor technologies and artificial intelligence, which allow robots to maneuver through complex settings and adjust to evolving circumstances. The adoption of mobile robots is rapidly increasing due to the swift integration of the internet and other technologies. Interestingly, there was a substantial year-on-year increase of 31% in the development of industrial automation robots, bringing their count back to pre-pandemic levels.
The mobile robots market is emerging as an essential element in the global transformation toward innovation and digital progress to achieve greater efficiency. Artificial intelligence and machine learning have been crucial in realizing its full capabilities, enhancing personalization features. Furthermore, modern shifts involve advanced sensors like LiDAR and machine vision, combined with edge computing, to enable real-time decision-making. As a result, with ongoing technological advancements and a growing demand for automation technologies, significant growth in the mobile robots market is expected during the forecast period.
Based on the type of offering, the global mobile robots market is segmented into hardware, software and services. According to our estimates, currently, hardware segment captures the majority share of the market, owing to its essential function in enabling autonomous capabilities and continuous advancements. However, software segment is anticipated to grow at a higher CAGR during the forecast period.
Based on type of robot, the mobile robots market is segmented into automated guided vehicle (AGV), autonomous mobile robot (AMR) and others. According to our estimates, currently, automated guided vehicle segment captures the majority share of the market. This can be attributed to its widespread use in various sectors for material handling and logistics, especially in warehouse automation and manufacturing settings.
Based on type of form factors, the mobile robots market is segmented into assembly line, forklift, tow tractor, tug and unit load. According to our estimates, currently, forklift segment captures the majority share of the market. Additionally, the rising demand for robotic process automation in material handling and logistics is projected to propel the growth of this segment at a faster compound annual growth rate (CAGR) throughout the forecast period.
Based on type of navigation sensor, the mobile robots market is segmented into camera, hybrid, laser/lidar, QR code and reflector. According to our estimates, currently, laser/lidar segment captures the majority share of the market. This can be attributed to the increasing demand, along with its ability to provide accurate environmental sensing, reliable performance in diverse conditions, and integration with AI.
Based on type of payload capacity, the mobile robots market is segmented into <100 kg, 100-500 kg and >500 kg. According to our estimates, currently, 100-500 kg segment captures the majority share of the market, owing to its adaptability and scalability resulting from its medium dimensions. However, <100 kg segment is anticipated to grow at a higher CAGR during the forecast period.
Based on type of distribution channel, the mobile robots market is segmented into direct sales, indirect sales, leasing / rental model and robot-as-a-service (RaaS). According to our estimates, currently, direct sales segment captures the majority share of the market. This can be attributed to the fact that manufacturers sell their robots directly to end-users, fostering strong customer relationships. However, robot-as-a-service (RaaS) segment is anticipated to grow at a higher CAGR during the forecast period.
Based on type of enterprise size, the mobile robots market is segmented into large enterprise and small & medium enterprise (SMEs). According to our estimates, currently, large enterprises segment captures the majority share of the market. This can be attributed to their ability to invest in advanced mobile robot strategies, such as customer relationship management (CRM) and content management systems, which aim to improve customer engagement and facilitate business expansion.
Based on type of end-user, the mobile robots market is segmented into automotive, FMCG, food & beverage, logistics, semiconductor & electronics and others. According to our estimates, currently, logistics segment captures the majority share of the market. This can be attributed to the increasing need for robotic process automation within warehouses, fueled by the expansion of e-commerce. However, automotive sector is anticipated to grow at a higher CAGR during the forecast period.
Based on geography, the mobile robots market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, North America captures the majority share of the market, owing to its well-established infrastructure. However, Asia is anticipated to grow at a higher CAGR during forecast period, due to the growing need for automation and increasing investments in digital infrastructure in emerging nations like India, China, and Japan.
The report on the mobile robots market features insights on various sections, including: