Press Release

Mobile Robots Market is expected to grow at a CAGR of 22.04% thorugh 2029

Mobile Robots Market is expected to grow owing to Increasing Demand for Automation in Manufacturing Processes, and Rapid Technological Advancements in Sensor Technologies & AI throughout the forecast period.


According to TechSci Research report, “Mobile Robots Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029F”, the Global Mobile Robots Market was valued at USD 8.72 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 22.04% through 2029. The widespread adoption of Industry 4.0 principles, focusing on the integration of smart technologies and automation in manufacturing, has been a significant driver for the mobile robots market. Mobile robots play a crucial role in automating material handling, assembly, and other processes, contributing to the transformation of traditional manufacturing environments into smart and connected facilities. The booming e-commerce industry continues to create opportunities for mobile robots, especially in logistics and warehouse optimization. With the demand for faster order fulfillment and efficient supply chain management, mobile robots play a crucial role in automating material handling, sorting, and packaging processes. As e-commerce continues to grow globally, the demand for mobile robots in this sector is expected to soar.

 

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Based on application, In 2023, the Logistics & Warehousing emerged as the dominant segment in the global market for mobile robots, showcasing robust growth and pivotal influence across various industries. This segment encompasses a wide array of applications where mobile robots play a crucial role in optimizing operations, enhancing efficiency, and meeting the escalating demands of modern logistics and warehouse management. Mobile robots deployed in logistics and warehousing applications are designed to perform a spectrum of tasks, ranging from automated material handling and sorting to inventory management and order fulfillment. These robots leverage advanced technologies such as artificial intelligence, machine learning, and computer vision to navigate complex environments, interact safely with human workers, and adapt to dynamic operational needs.

One of the key drivers propelling the adoption of mobile robots in logistics and warehousing is the relentless pursuit of operational excellence and cost efficiency. By automating routine tasks such as goods transportation, palletizing, and inventory tracking, businesses can streamline their workflows, reduce labor costs, and achieve higher throughput rates. This operational agility is crucial in meeting the demands of e-commerce growth and the increasing complexity of global supply chains. Mobile robots offer significant advantages in terms of scalability and flexibility. They can be deployed quickly to adapt to seasonal fluctuations in demand or to handle peak periods without the need for extensive infrastructure modifications. This flexibility is particularly valuable in today's fast-paced business environment, where agility and responsiveness are critical to maintaining a competitive edge.

In addition to efficiency gains, the integration of mobile robots in logistics and warehousing operations enhances overall safety and reliability. These robots are equipped with advanced sensors and navigation systems that enable them to operate autonomously while avoiding obstacles and ensuring smooth interactions with humans and other equipment in the workspace. The logistics and warehousing sector is increasingly focusing on sustainability and environmental responsibility. Mobile robots contribute to these goals by optimizing energy consumption, reducing carbon emissions associated with traditional material handling equipment, and minimizing waste through precise inventory management and optimized route planning.

The ongoing evolution of mobile robot technology continues to drive innovation in logistics and warehousing applications. Manufacturers and service providers are continually enhancing their offerings with features such as collaborative robots that work alongside human operators, modular robotic systems that can be customized for specific tasks, and integration with advanced analytics platforms to provide real-time insights for better decision-making. The logistics and warehousing segment of the mobile robots market is poised for continued growth and innovation. As businesses seek to navigate challenges such as labor shortages, rising operational costs, and increasing customer expectations for faster and more reliable order fulfillment, the role of mobile robots as a strategic asset in modern supply chain management will only become more prominent. By harnessing the power of automation and robotics, organizations can pave the way for a more efficient, agile, and sustainable future in logistics and warehousing operations.

 

Key market players in the Global Mobile Robots Market are:-

  • Teradyne, Inc.
  • Zebra Technologies Corporation
  • 6 River Systems, LLC.
  • Aethon Inc.
  • KION Group AG
  • Scott Technology Limited
  • Murata Machinery, Ltd.
  • John Bean Technologies Corporation
  • Omron Corporation

 

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“The Global Mobile Robots Market in Europe is poised to be the dominant region in the industry. Europe exhibits a broad spectrum of industry adoption for mobile robots. Industries such as manufacturing, automotive, logistics, healthcare, and agriculture are actively integrating mobile robots into their operations. The diversity of applications highlights the versatility of mobile robotic solutions in addressing the unique challenges faced by different sectors”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

Mobile Robots Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Aerial Vehicles, Unmanned Ground Vehicles and Autonomous Underwater Vehicles), By Application (Defense, Logistics & Warehousing, Medical & Healthcare, Domestic, Entertainment and Others), By Region, and By Competition 2019-2029F”, has evaluated the future growth potential of Global Mobile Robots Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Mobile Robots Market.


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Mobile Robots Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Aerial Vehicles, Unmanned Ground Vehicles and Autonomous Underwater Vehicles), By Application (Defense, Logistics & Warehousing, Medical & Healthcare, Domestic, Entertainment and Others), By Region, and Competition, 2019-2029F

ICT | Jul, 2024

Advances in sensor technologies, artificial intelligence (AI), and machine learning contribute significantly to the capabilities of mobile robots is one of the factors driving the Global Mobile Robots Market in the forecast period.

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